aktive
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Is the great NEWS --> It's not raining in NY and the sun is shining bright? TYA
AGS has committed to purchase shares of the Company's common stock for cash consideration up to an aggregate of $15 million after Artfest International Inc.'s Form S-1 filing has become effective with the SEC.
Why do they not sign this form now?
Tenacious, Did you visit ARTS? Your idea was to step by. Any toughts? TY
Mastertrader - Nice to have you back posting. GLTA
Bux, please give me an easier question. Can't understand what's going on here, Im deep red colored,....
No BID again,...
Dito --> You can count me in,...
...for cash consideration up to an aggregate of $15 million...
I wonder what Mastertrader have to post after this News.
Mastertrader ou're out there? GLTA
rs99 - I don't think so because the S-1 is not filled with the SEC.
In the Reserve Equity Financing Agreement with New York based AGS Capital Group LLC www.agscapitalgroup.com, AGS has committed to purchase shares of the Company's common stock for cash consideration up to an aggregate of $15 million after Artfest International Inc.'s Form S-1 filing has become effective with the SEC. The Agreement does not prohibit the Company from raising additional debt or equity financings, other than financings similar to this agreement.
Reserve Equity Financing
The Reserve Equity FinancingSM is a cost effective and flexible financing that places the partner company in control of how and when it raises equity and debt, minimizing any potential dilution or disruption to its capital structure. It allows a partner company discretion to periodically sell its common shares when the price is attractive to the company or issue debt to AGS Capital Group ("AGS"). The company decides when the funds are raised and how the funds are utilized.
AGS does not interfere with management's execution of its business plan. We do not seek to impose restrictive covenants or to be a member of the Board of Directors. When we make an investment, a partner company is free to use the funds in any way to enhance shareholder value. Having us as a long-term partner reduces financing uncertainty so management can better focus on achieving its business objectives.
Advantages of our Reserve Equity FinancingSM:
• Company Control - company determines how and when to issue equity and debt
• High floor price protects shareholders from market volatility
• No Overhang - shares are issued as the company determines, no uncertainty regarding dilution
• No non-usage fees, penalties for inactivity nor obligations for management to draw down funds
• Certainty - eliminates financing uncertainty so management can focus on its business
• Inexpensive - low cost way to access capital markets on a periodic and frequent basis
• No Short Selling by AGS or it's affiliates
• Use of Proceeds - Cash may be used for general corporate purposes
Process
The Company secures a contractual commitment from AGS to purchase up to an agreed dollar amount of equity and debt over a 2 to 5 year period:
Pre-Closing
Step 1: Term sheet signed
Step 2: Due diligence performed
Step 3: Closing documents executed
Post-Closing
Step 4: The Company files registration statement (except when utilizing existing shelf)
Step 5: Registration statement declared effective
Step 6: The Company requests capital by issuing Advance Request
Step 7: The Company receives funding
I think this ""Reserve" Equity Financing Facility" is in adition to the 20Billion AS. They will max out the AS and if it's not enough they will use AGS Capital Group. IMHO
I think this ""Reserve"[/b Equity Financing Facility" is in adition to the 20Billion AS. They will max out the AS and if it's not enough they will use AGS Capital Group. IMHO
I think this "]"Reserve"[/b Equity Financing Facility" is in adition to the 20Billion AS. They will max out the AS and if it's not enough they will use AGS Capital Group. IMHO
Time MMID Size Bid
08:00 ARCA 999900 0.0001
I don't know but I don't think it's a stock buy back. I would like to see the PPS @ 0.0011 to get out without a loss.
ARTS can you do that for me?
We're or ATRS is having bids again,...
NEWS again
Artfest International, Inc. Secures $15 Million Reserve Equity Financing Facility With AGS Capital Group
Artfest International, Inc. Secures $15 Million Reserve Equity Financing Facility With AGS Capital Group
Sep. 28, 2010 (Marketwire) --
DALLAS, TX -- (Marketwire) -- 09/28/10 -- Artfest International, Inc. (OTCBB: ARTS), a fine art and memorabilia company, today announced it has entered into a definitive agreement with AGS Capital Group, a New York based value fund, to provide investment capital of up to $15 million through a Reserve Equity Financing Facility.
In the Reserve Equity Financing Agreement with New York based AGS Capital Group LLC www.agscapitalgroup.com, AGS has committed to purchase shares of the Company's common stock for cash consideration up to an aggregate of $15 million after Artfest International Inc.'s Form S-1 filing has become effective with the SEC. The Agreement does not prohibit the Company from raising additional debt or equity financings, other than financings similar to this agreement.
"I'm extremely excited to have this financial facility available for Artfest. We are ready to expand our CSD sports Group, Artchannel TV and Starfest Direct. These companies have a great value and revenue potential, and this kind of funding will ensure their success. Therefore, expanding Artfest International's asset base and revenues add to the shareholders value," stated Edward Vakser, Artfest International CEO.
"We are very excited to be a part of augmenting Artfest International's growth; this facility will provide an ability to quickly raise growth capital at a competitive cost," explained AGS Managing Partner Allen Silberstein. "Given Artfest International's tremendous growth potential and positioning within the marketplace, the facility should allow Artfest to fully realize its strategic plans and significantly drive growth."
"I'm very happy to see the vote of confidence from our investors. In these economic times, it's very encouraging to see that our investors are behind us at Artfest International. With projects such as 'Little red Rhupert' being produced, our increasing expansion into stadiums with CSD sports, new celebrity endorsements and commercials, and expanded Television distribution, these funds will allow us to complete these projects and facilitate new expansions and acquisitions," explained Angie Tassan, Artfest CMO.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of any of the securities referred to in this news release in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.
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 StarFest Direct, Inc. (www.StarFestdirect.com), offering the most exciting product and rewards program in the history of direct sales marketing.
ABOUT AGS Capital Group.
AGS Capital Group provides flexible debt and equity financing solutions for growth-stage and mature public companies as well as private companies looking to go public.
With offices in New York, Hong Kong and India, AGS Capital Group has facilitated the growth of companies within the U.S. and those domiciled in foreign markets around the globe.
AGS Capital Group invests in public companies listed on all exchanges. We perform fundamental analysis including credit risk, technical analysis of market trends and industry, evaluation of management team experience and corporate structure evaluation. For additional information, please visit www.agscapitalgroup.com
For more information, please call: 877-278-6672 or 480-326-8577
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. ARTS 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.
For More Information and RSVP Contact:
Artfest International, Inc.
Public Relations
(480) 326-8577
(877) 278-6672
www.artfestinternational.com
Source: Marketwire (September 28, 2010 - 7:45 AM EDT)
News by QuoteMedia
Bad Info?
TEN is listed and just the AS is not up to date because it will be in the next 10-Q. Financials always updated after the Q. IMHO
NEWS
StarFest Direct Launches National Television Campaign
StarFest Direct Launches National Television Campaign
Sep. 27, 2010 (Marketwire) --
DALLAS, TX -- (Marketwire) -- 09/27/10 -- StarFest Direct, a wholly owned subsidiary of Artfest International, Inc. (OTCBB: ARTS), today announces that it has launched the "Honey I'm Working" TV marketing campaign in support of its independent distributer base.
The new 30 sec. spot will air, starting with Time Warner Cable and Time Warner On Demand, on the ArtChannel.TV and a host of other media and Internet. The first in a series of commercials featuring High Profile Celebrity Icons will kick off with Ed "Too Tall" Jones, a legendary Hall of Fame NFL player who, during his 15 year career, helped lead the Dallas Cowboys to three NFC championships and three Super Bowls.
The spot can be seen on YouTube at:
doing stuff on a website nowbody knows about,...
Do I see right? No bid now.
LOL @ bux
As soon as they get paid. That's the reason why thei've not done anything. No money no work.
Me too,...
It would not be @ 0.0002. You would get it @ 0.00028
Yes was mine. Filled in two seconds,...
Just added 3.5M more. Buy order @ 0.0003 and filled @ 0.00028
http://starfest.net/leadership.aspx --> Worth a look
Or it could do like ESYR today.
0.0001 in the next two hours -- IMHO and NOT LOL
If I would do that it would cost me about $900.00 to do that.
Any buy below $5000 has fixed costs of about $65.00 for me.
Thank you. That you've to try at the end of the day, a view secconds before market will close.
Willi - possible to buy 100 shares @0.0004 for a try? THX
Thanks, and the fees paid for,....?
LOL --> but it's working. What are the total costs for this trade?