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08/02/2010 (07:00 ET) News for ARTS Artfest International, Inc.'s Subsidiary Moves Television Production and Broadcast Facility to One of the Leading Facilities in Dallas, Adding at Least $4 to $6 Million in Production Revenues - Market Wire

Artfest International, Inc.'s Subsidiary Moves Television Production and Broadcast Facility to One of the Leading Facilities in Dallas, Adding at Least $4 to $6 Million in Production Revenues.

Monday , August 02, 2010 07:00ET

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DALLAS, TX -- (Marketwire) -- 08/02/10 -- Artfest International, Inc. (OTCBB: ARTS) is pleased to announce that the Company's wholly owned subsidiary Art Channel TV has moved its production, master control and broadcast operations to Maximedia Studios. Maximedia is one of the leading television and recording production facilities in the Dallas area. Art Channel TV will now be operating out of a 33,000 square foot facility, which will help meet the future demands as the Company is in various stages of production of various projects such as "Thomas Kindkade's Impressions of Israel Collection" and "Rhupert TV." Maximedia Studios has an impressive list of clients from "American Idol" to Jonas Brothers and Marriah Carrey, Kenny Chensney, Shakira, and Sister Hazel.

Blending the best in state-of-the-art digital technologies with time honored classic analog electronics; Maximedia Studios offers clients a professional environment to capture their creative vision. Maximedia Studios is a 37,000 square foot facility, making it the largest of its kind in the Southwest. Its parking lot has 115 parking spaces to accommodate sizable audiences for sound stage events. It's centrally located in the DFW area and less than 15 minutes from both major airports including Addison Regional for client access via private jet. Parking for touring rigs and buses is available on-site.

Their 5,000 square foot sound-stage is fully equipped with an impressive concert sound and computer controlled lighting system to meet their clients' highest expectations. Maximedia sound-stage is an acoustically designed film sound-stage often used for major record label A&R showcases. Their live room is perfect for their clients next DVD shoot, industrial film production, tour rehearsal with recording capabilities, and can easily record your next Live CD. The facility houses three complete recording studios featuring SSL, API, and NEVE consoles.

"I'm so excited to expand our operations from 5,000 square foot facility to over 33,000 square feet. Edward and I see a huge future with our TV Network. Artchannel is poised to achieve great success starting this fall season. This move will allow me to expand my support for Artfest Inc, as well as achieve other financial and Production goals. I'm personally producing and driving the Rhupert TV show, and this new studio, will allow me the tools and freedom to finish the series and create a great asset for our company," stated Bill Strother, Vice President of Productions for Artchannel Inc. www.artchannel.tv

"I'm very excited with this new addition to our assets and capabilities. We are launching our Thomas Kinkade Impressions of Israel Collection and all of our other Artists videos on the ArtChannel Network. With the addition of more editing and production rooms and services to our already strong content development team," said Angie Tassan, CMO of Artfest International, Inc.

"I'm extremely excited about the move. Bill and I had incredible success in Production and Content development during our 15 year relationship. We have produced from Coca Cola major Tours to KISS World Tours and Music videos, as well as a host of fortune 500 companies. The sponsorship and commercial content development alone should bring $4 to $6 million in revenues for Artchannel in the next 12 months," stated Edward Vakser, CEO of Artfest International, Inc.

"We have produced for some of the biggest corporate and industrial companies in the world. This new development and capacity will allow us more capacity and development to add at least another $ 4 million in production and fees," stated Scott Tassan, Artfest VP of productions.

For more information on Maximedia Studios, please visit: www.maximediastudios.com.

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 Artfest Direct, Inc. (www.Artfestdirect.com), offering the most exciting product and rewards program in the history of direct sales marketing.

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 Contact:

Investor Relations

877-278-6672


Source: Artfest International, Inc.


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