SOURCE: Artfest International, Inc.

July 19, 2011 12:50 ET

PBS Holding Inc. Acquires Into RETVi and Global Maximus Productions, Adds Production Projects to Its Sister Companies Artfest International (ARTS) and Tradestar Resources Corporation (TSRR)

DALLAS, TX--(Marketwire - Jul 19, 2011) - PBS Holding Inc. (PINKSHEETS: PBHG), a subsidiary of Artfest International (OTCQB: ARTS). PBS Holdings, Inc. acquired an equity share in GMP and of the new RDP developed Real Estate TV Interactive Network (RETVi). RETVi will provide national listings of real estate through a new platform available to guests staying at select properties providing the new Rev-Pak bundled services. RDP primarily focuses on the creation of customized content and media for reward, retail commercial, hospitality free-to-guests and pay-per-use in-room interactive systems.

RDP Hospitality Group (RDP) announced June 18th, 2011 that the Company has finalized two separate agreements with PBS Holding Inc. (PBHG) based in Dallas, Texas.

The agreement goes beyond the PBS Holdings potential new lucrative stake in GMP and RETVi respectively; the role of PBS Holdings Inc. through its subsidiaries is to provide contracted production and 3-D services to the events and shows being produced by GMP and RETVi.

PBS Holding Inc. will produce all the music videos, and will co produce all the real estate videos and Television shows using Artfest International Art Channel group and production studios. Extreme Sports, Live Football Games and Interactive Television Shows will be handled by Tradestar Resources Corporation, a sister company who owns United Women's Football League and PSP Productions. www.uwfl.net

The production partnership will also provide video services to the RDP highly regarded music label Global Maximus Records (GMR). The partnership has already begun working on the cooperatives first two major music videos for Country Music Artists, 'BadHorse,' a GMR signee. Music Video "Bad Girl" as an anthem for UWFL (United Women's Football League, owned by TSRR). And "It's all Good" a new themed music video and a mini concept film.

"I am happy with the final deal and in the end it was a fair one for all parties involved, our market superior content delivery capabilities, contract power and revenues tied to their (PBHG) history and expertise in production made for a common sense deal for everyone," states Randall James, Chairman-CEO of RDP Hospitality Group.

"The bottom line is, we are overwhelmed with new business opportunities and RDP needed the infrastructure and bandwidth found in PBS Holding and Starfest Direct to be more ready to the marketplace and we are ready to roll out new initiatives quicker and at a very high quality of production as a result of the agreements," Will Beatty, COO of RDP Hospitality Group concludes.

GMP is also producing the new Maximus Overdrive "Live" music show, which is set to host major A-List entertainers in Pay-Per-View and co-produced by Starfest Direct, a PBS Holding Inc. subsidiary. These events will be available in all forms of media attachments whether on-line, television or exclusive pay-per-use and mobile TV platforms.

"This is a game changing event for all of our related companies, especially PBS Holding Inc. As a content developers and providers we are benefiting from an impressive distribution system and delivery platform that RDP Hospitality has developed along with its partners. The impressive amount of production will keep our studios and companies such as ARTS, PBHG and TSRR busy with content development. With these new RDP and GMP contracts and shared ownership, along with our Starfest Direct Technology, we are poised to create a great revenue generating machine and enhancement to our shareholders value," stated Edward Vakser Chairman, PBS Holding Inc. (PBHG)

About PBS Holding Inc.:
PBS Holding Inc. is a Publicly Trading Company trading on OTC Markets under the symbol PBHG. The company is focused on growth by mergers and acquisitions of technology, media, multimedia, television, Film productions and content development. As a wholly own subsidiary, Starfest Direct Inc is utilized for its high end Direct Sales Technology Enterprise System. Starfest Direct is a virtual product and services catalog system designed to facilitate sales, membership accounting and maintenance http://www.starfestdirect.com

About Artfest International, Inc.
Artfest International, Inc. brings together artists, investors, decorators, designers, private collectors and art galleries. Artfest International's corporate site is www.artfestinternational.com. Artfest's subsidiaries are Art Channel, Inc. (www.artchannel.tv), and PBS Holding Inc., ( PBHG) Starfest Direct, Inc. (www.Starfestdirect.com), offering the most exciting product and rewards program in the history of direct sales marketing. And Tradestar Resources Corporation, (TSRR) a sports and entertainment production company.

As to: RDP Hospitality Group is a high end consultant firm specializing in hospitality, entertainment creation and managements of programming designed to impact hoteliers bottom line profits. GMP, GMR, Executive Preview (Career Building Platform) Maximus Overdrive "Live" Pay-Per-Views using new state of the art world class unmatched technologies for the deliveries of the various forms of media. http://www.MusicatGMR.com

Safe Harbor Statement -- This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual or future results may differ materially from those anticipated depending on a variety of factors, including continued maintenance of favorable license arrangements, success of market research identifying new product opportunities, successful introduction of new products, continued product innovation, sales and earnings growth, ability to attract and retain key personnel, and general economic conditions affecting consumer spending. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Artfest International, Inc., does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.

Contact Information

  • Contact:
    Ava Baldwin
    Global Maximus Productions, LLC
    615-584-6353

    Contact:
    Investor Relations
    1 877-278-6672