Artfest International, Inc (fka ARTS)

[Kool Aid Man]

PBHG --another Vakser scam or what?

Read this document.
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=44346

Check out NOTE 10 - Going Concern Issues (Page 17) --basically worthless to anyone but a flim-flammer like Eddie.

and:

Note 13 – Subsequent events (Page 19)
The Company has entered into an agreement with Artfest Inc. to sell all shares of PBS Holding Inc,, the parent in the consolidated entity. The operating companies whose assets, liabilities, equity and results of operations are included in the consolidated financial statements for the year ended December 31, 2010 and 2009, will be “spun out’ of the consolidated entity. These entities will revert to their prior ownership, and the members and shareholders of these entities will exchange their ownership interest for stock in a newly formed corporation, Primary Holding Group Inc.

On page 15 it states: "January 2011 we entered in to a new lease for 2 years at 18945 FM 2252 Garden Ridge, TX 78266. The rent expense is $11,400 each year." A Google Maps search reveals this address to be that of a dinky physical therapy clinic way out in the sticks northeast of San Antonio.

Page 9 states: Business Activity "The business of the Company, is to operate in the human resources outsourcing industries with particular emphasis in the professional employer organization (PEO) industry and the temporary staffing services industry."

WTF DOES THIS HAVE TO DO WITH WHAT ARTFEST IS SUPPOSEDLY ABOUT?