Compare these pr's from 2007 and 2010.They are identical,the business has not grown.Membership to over 2000 by end of 1rst quarter 2008,now it's supposed to be 2000 by the end of 1rst quarter 2010 lol which is it EV.
Art Channel Galleries currently boasts over 500 Members who were acquired during a beta-testing of the software in late 2007. In conjunction with Artfest Networks, the Company's syndicated TV programming, Artfest Auctions, online art auctions, Artfest Galleries, the Company’s up and coming brick and mortar galleries, Art Channel Galleries is expected to see membership increase to over 2000 by the end of the first quarter of 2008. The success of the trial run validates the ease with which the software facilitates the sales process for Members. Artfest management anticipates that each new Member will equate to revenue of approximately $6,700 by the end of the year.
Based on the direct marketing performance of companies including Herbalife, Mary Kay, Avon, and Home Interiors, Inc., Artfest anticipates its current membership of 500, acquired during beta-testing of its proprietary system, will increase to over 2,000 by the end of the first quarter of 2010. The company expects membership will eventually grow to 10,000 by the end of 2011. With estimated per-member revenues of $6,700 per year, Artfest projects annual revenues of approximately $60,000,000 by the end of 2011 from its Art Channel Galleries
