Artfest International recently signed a definitive agreement to acquire Charity Sports Distributor, Inc. (CSD). CSD is in the gift, novelty, collectable and memorabilia business and operates souvenir shops and game day auctions at college sport venues. The company is headquartered in Carrollton, TX. CSD currently has over 20 employees and had annual sales of over $3.3 million in 2008. Through this acquisition, Artfest International now has approximately $1.2 million in sport memorabilia, which will be available for sale on the Company's Web.
This is a nice little company,that will generate good income that will reflect very soon.Just because they are not putting out pr"s the way we think they should doesn't mean they are not busy.They are not a sexy company ,but they are legit.I think more people should be on here talking this up.They are making money and their share structure is not bad.They are in alot better position than most penny's.This compay is oversold and if it keeps going down more we should buy more.If a company that sells sponges could get shareholders excited ARTI should be able to also.Come on people start posting lets get this train going.
