SOURCE: PBS Holding Inc.

August 23, 2011 08:12 ET

PBS Holding Inc. Obtains 'Current Information' Status on OTC Markets Exchange

DALLAS, TX--(Marketwire - Aug 23, 2011) - PBS Holding Inc. (PINKSHEETS: PBHG) announced today that it has moved to a higher listing level on the OTC Markets Exchange (OTC Pink Current Information). The higher move positions PBS Holding as a Transparent Company with Adequate Current Information available. The Company's filings for the period ended June 30, 2011 are available on the OTC Market's website at:

Companies that follow the International Reporting Standard or the Alternative Reporting Standard by making filings publicly available through the OTC Disclosure & News Service pursuant to OTC Markets Group's Guidelines for Providing Adequate Current Information are designated as Pink Sheets Current Information. Companies that provide disclosure experience improved liquidity and greater institutional interest. 96.5% of OTC dollar volume takes place in securities with current information available.

"This is another example of our dedication to building shareholder value through transparency for our company," stated Edward Vakser, Chairman of PBS Holding, Inc. "We are eager to provide disclosure which will in turn allow us to see more investor participation."

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

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

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