Artfest International, Inc (fka ARTS)

[GS1]

Thanks for posting.

That is what everyone expected and I mentioned in previous emails that this company has been doing lots of acquisitions and then do productions and it costs lots of money. The important thing he mentioned is "Time". It takes time and money to fund projects and tough economic times it is hard to get financing. All these factors delayed the projects and inturn revenue generation.

This is common problems every startup company faces. The problem is that their product is not ready yet and it will take some more time to develope product and then sell. It could be sooner but I think it will take about six months to year for this company to be profitable again.