Artfest International, Inc (fka ARTS)

[specutator]

ARTS Trading Suspended: The Securities and Exchange Commission (Commission) announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (Exchange Act), of trading in the securities of Artfest International, Inc. (“Artfest”) of Dallas, Texas at 9:30 a.m. EDT on June 6, 2011, and terminating at 11:59 p.m. EDT on June 17, 2011.

The Commission temporarily suspended trading in the securities of Artfest because of questions regarding the accuracy and adequacy of assertions by Artfest, in its 2010 Form 10-K and amended Form 10-K filed with the Commission, concerning, among other things, an independent audit of Artfest’s financial statements for the fiscal year ended December 31, 2010, which was not performed, and financial statements for the 2010 period that are referenced in the filings as “audited,” when they were not.

http://www.sec.gov/litigation/suspensions/2011/34-64602.pdf