Artfest International, Inc (fka ARTS)

[EDWARD STEVENSON]

~ Market Cap ~

Assuming the outstanding share count stationary at 168,763,003 (as it had been reported in their latest 10Q statement) and the price per share at 0.0019, the market cap would make for a mere $320,649.71 (0.0019 x 168,763,003)!!!

Their revenue projections for the first quarter 2009 (alone) were reported to be $450,000 . They had already, according to the same release secured $150,000 in revenue during the month of January 2009.

One should ask him/herself this, how can the market cap of an entire company represent less than that of it's revenue over ONE quarter?!

Artfest International, Inc. Announces January Revenue Results and First Quarter Revenue Projections

DALLAS, TX, Feb 09, 2009 (MARKET WIRE via COMTEX) -- Artfest International Inc. (OTCBB: ARTI) announces January revenues exceeded $125,000 as Artfest International, Inc. has begun the launch of its artistic content that is being distributed by Art Channel Galleries, the marketing arm and wholly owned subsidiary of Artfest International, Inc. During the First Quarter 2009 Artfest International, Inc. has developed numerous promotions and specials purchase packages to introduce a select number of acclaimed artists to our members at substantially reduced prices for our members during these difficult economic times. In addition to revenues from art content sales the company's wholly owned subsidiary, Art Channel, Inc. has signed several contracts to produce new programming content for our clients.
Edward Vakser, CEO of Artfest International, Inc. is projecting revenues to exceed $450,000 for the First Quarter 2009 based upon artistic content sales through our members' virtual art galleries and programming contracts signed and contracts currently in negotiations to be completed during the First Quarter by our production subsidiary Art Channel, Inc.

"We believe that the addition of world renowned artists, special promotions and curator art specials that we are promoting this Quarter that Artfest will succeed in expanding and enhancing our current product offerings which will expand our current audience," stated Artfest CEO, Edward Vakser. "Furthermore we believe the foundation has been put in place to prepare Artfest for a successful and profitable 2009 which will result in increased value to our shareholders and members worldwide."