Artfest International, Inc (fka ARTS)

[DDGUY]

*****ARTS Ultimate DD Updated SS Included 04/13/2011*****

"some claim R/S they just had one and the projected float should be about 500million (SS below to justify the FLOAT), why would they need a R/S "YOU DECIDE"



Investing in Artfest International, Inc. (OTC:ARTS) seemed absurd not too long ago, but the companies (10k) may disperse the dark cloud from above them.

The company claims to have signed a distribution agreement with Time Warner (They acquired Pat Summerall Productions and Master Video Library, things are starting to make since). According to the press release they will even get their own channel and could sell ad space during air time.[BANNER]

http://www.marketwire.com/press-release/Artfest-International-Inc-Time-Warner-Will-Broadcast-IWFLs-Major-Football-Rivalry-Between-1262059.htm

The company will have a chance to confirm this information in their upcoming 10-k, the filing of which is currently delayed (chance for some to get in). The same goes for most of their seemingly important announcements made in 2010, that haven’t been confirmed with official filings yet.

ARTS holds high expectations for its Q4 financials, expecting a few thousand percent top line growth since the last year . They even claim to have turned to profitability. The audited data is yet to be published though.

In their last reported quarter, the company had depicted a significant top line growth as well, but it was offset by increased business administration costs and called for additional capital to sustain a positive cash flow.

What leads me to believe that they are on track with this:
- Why would anyone loan them $15million
- Why acquire Pat Summerall Production

Have you met “Rhupert" Video link below
Artfest International, Inc. is proud to release the animated children’s video “Rhupert," created by D. Arthur and brought to life by Artfest. The animated children's TV series has started production of the initial 13 episodes featuring its lovable, loyal and elegant ostrich character Rhupert. To learn more and to read the latest press release, click here. Click the "Read more" below to view the video.
http://www.artfestinternational.com/index.php/about-artfest/meet-rhupert/18-rhupert/128-rhupert


The book on Sale on Borders/"Now they are creating the TV series
http://www.borders.com/online/store/TitleDetail?sku=0978514408

TV Listings
http://www.artfestinternational.com/images/Artfest-tvlisting.pdf

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Artfest Networks

The Art Channel mission is to help launch new and existing artists and provide a vehicle that would introduce and educate the public about the arts. The Art Channel covers a wide variety of "All Things That are Creative;" fine art, visual art, music, performing art, spoken and written words, books and multimedia. The Art Channel creates not only a promotional support, but also a financial one. The Art Channel is a vertically integrated solutions provider to assist an artist in creating their product and take it to the market. The Art Channel is supported by a consortium of service providers and vendors that cover and span all aspects of printing, framing, recording, filming/video taping, and multimedia producing and media support.

The Art Channel Network is dedicated to producing television shows, films, special events, and multimedia productions covering all aspects of creative arts and entertainment. The network is based out of Dallas, Texas and will be broadcasting its signal through all distribution outlets that are available, including the Internet. The Art Channel is also involved in developing and producing TV shows and films that are currently being distributed by other networks. The Art Channel also will consider showcasing and distributing works produced by others that share the same production values with the Arts and Entertainment themes.
For more information, visit ArtChannel.tv.

Photos Updated 04/13/2011 (MORE PHOTOS AT THE END)

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*****Proof of ownership Picasso $55-70million*****



ITEM 2. COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS:
On March 31, 2010, Artfest International, Inc.. (the "Company") entered into an Sell/Purchase Agreement with Barry Wicker whereby Barry Wicker agreed to sell a sculpture attributed to Pablo Picasso. The value of this art piece at current time is unknown and could be worth between $10Millions and $70Millions and the company will be getting an independent appraisal in the near future ("Appraisal can take up to 90 days after research, so everything adds up"). There are no material relationships, other than in respect of the transaction, between the Company and Barry Wicker. Payment terms include a cash payment of $2.5 million at closing and $50 millions in Company’s stock warrants ( 50 million shares at $ 1.00 per share warrant) . At closing the Company shall receive the title of the sculpture.

A copy of the Sell/Purchase Agreement is attached hereto as Exhibit 2.1 and a copy of the press release is attached hereto as Exhibit 99.1.
SELLER: PURCHASER:

http://msnmoney.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHTML1?ID=7247641&SessionID=Ycl4HoPVNX9Prm9

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- April 29, 2010: Artfest International, Inc. Announces Agreement to Purchase Original 1949 Picasso Art Thursday, 29 April 2010 09:02
"Rendering Of Francoise Gilot" Sculpture Independently Valued Between $50 and $70 Million
DALLAS, TX - (04/29/10) - Artfest International, Inc. (OTC.BB:ARTS - News) is pleased to announce that the Company has agreed to purchase an original Picasso Sculpture art piece directly from the artist's personal collection. The wooden sixty by twenty seven Picasso sculpture was completed in 1949 and is titled "Rendering Of Francoise Gilot." The Picasso piece was appraised by Eritas Fine Art Appraising and Consulting, LLC in February, 2010 (appraisals after research can take up to 90days). The market value of this sculpture is between fifty and seventy million dollars . This piece will significantly increase Artfest International's assets and add value to the Company's bottom line.

Picasso met Francoise Gilot, a young French student, who became his favorite model while he was living in Paris. She appeared in several of his works of art between the years of 1940-1950. Images of Francoise Gilot are in high demand in the market and have constantly proven to yield top dollar. According to http://www.TimesOnline.com/ Picasso's pieces can range from $5 Million to $150 Million.
http://www.artfestinternational.com/index.php/news-releases/2-news-releases/144-pr2010-0429?layout=default&date=2011-04-01
You can't try to sell something that doesn't belong to you... (SEC filing included)

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- Artfest To Sell Picasso Art Piece
July 12, 2010 by Angela | 1 Comment
MarketWatch:

Artfest International, Inc. is pleased to announce that the Company will now offer its original Picasso Sculpture art piece to the public . The Picasso Sculpture will be featured on www.artfestdirect.com and on http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=180524833398. The starting bid for the wooden sixty-by-twenty-seven Picasso sculpture is $55 Million (again 10K will shine light on everything).
http://mlm.business-opportunities.biz/2010/07/12/artfest-to-sell-picasso-art-piece/

This doesn't mean they sold it, they may have tried to sell; whatever the case we will see it under assets or in revenues..
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NEWS TIME LINE (this will help shine light on the companies movements, $$$$$$$$$$$$$ in movie production/Art “SEAT BELTS REQUIRED")
*****6:09PM, 10 January 2011 - BestOfOTC.com Stocks in Focus at NASDAQ: (MSFT, ORCL, IFXY, ARTS, COUGF, LVLT, TSON, EBAY) - emailwire *****
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- Jul 24, 2010 06:29 ET Encore! ENCORE! Le marché en plein air de Vanier est de retour!
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- Aug 02, 2010 07:00 ET 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
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- Aug 05, 2010 08:15 ET Artfest International, Inc. to Launch Artchannel Open House and New Season Release Party
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- Aug 24, 2010 07:08 ET Artfest International, Inc. Increases Revenues by 748% for the Six Months Ended June 30, 2010 as Compared to the Same Period in 2009
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- Sep 27, 2010 07:45 ET StarFest Direct Launches National Television Campaign
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- Sep 28, 2010 07:45 ET Artfest International, Inc. Secures $15 Million Reserve Equity Financing Facility With AGS Capital Group (the R/S was probably required for this 15Million, more info below)
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- Oct 06, 2010 07:15 ET Artfest International Inc. Acquires Pat Summerall Productions and Master Video Library (which produced $10.5mil in 2002, and Artfest may have got a great deal on this buy since it went into Bankruptcy)
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- Nov 01, 2010 12:57 ET Artfest International, Inc. Acquires a Football League and Increases Its Presence at the Stadiums by Over 200%; "Football in 3D" (utilizing Acquisition of Summerall)
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- Nov 17, 2010 16:36 ET Artfest International, Inc. Announces Recapitalization Plan for 2011 (production is making them MONEY $$$$$$$)
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- Jan 04, 2011 11:30 ET Artfest International and Dallas Diamonds to Kick Off Season With Historic Changes
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- Jan 31, 2011 07:15 ET Artfest International, Inc. Now Trading on the OTCQB(TM)
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Link to news
www.marketwire.com in the search type "Artfest"

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- Business Description
Artfest International, Inc. prints, markets, and sells limited edition, signed and numbered fine art and collectibles to its Members which include collectors, dealers, artists, decorators, designers, private collectors and investors. Artfest drives membership through Artfest Direct, its proprietary direct-sales e-commerce venue and membership awards programs; Artfest Networks, the Company's syndicated TV programming; and Artfest Auctions, online art auctions. Membership is free and includes a member branded, direct-sales e-commerce website having full back office support including a merchant account, just-in-time inventory, and fulfillment.

- *****We've Moved!***** (combine reduce fixed and variable cost)

Newly Expanded Artfest Production Facility at Maximedia Studios
http://www.maximediastudios.com
13300 Branch View Lane
Dallas, Texas 75234
USA
http://www.artfestinternational.com/index.php/contact-us
Investor or Public Relations:
Call [phone]
Corporation Status “Active”
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=Ru%252bsMbZTOmI8E3M7Ru79NQ%253d%253d&nt7=0

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- Artfest International, Inc. Now Trading on the OTCQB(TM)

DALLAS, TX, Jan 31, 2011 (MARKETWIRE via COMTEX) -- Artfest International, Inc. (OTCQB: ARTS) (OTCBB: ARTS) announced today that the Company's common shares are now being traded on the OTCQB(TM) electronic quotation and trading system under the ticker symbol ARTS. Shareholders are not required to take any action as a result of the addition of the Company's securities to the OTCQB(TM).
http://www.otcmarkets.com/stock/ARTS/news
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Share Structure


Shares Outstanding-------(49,619,265 a/o 12/31/2010)

Total Shares traded since R/S = 797,843,773 a/o Apr 04, 2011

- Between .0004 and .0009 = 168,872,273
- Between .0013 and .0029 = 56,690,497
- Above .003 = 40,055,030

Float--------------------------- (6,282,414 a/o 12/31/2010 which at time was 7.89% of the outstanding)

(Projected float is 70% of shares traded 558,490,641)should be less then 70%, I am projecting HIGH it should normally be at 30-40%

Authorized-------------- 20Billion (Float and outstanding are important most companies after and R/S don’t change the authorized shares, since it is a 2 step process and float and outstanding is what is considered important)

R/S-----10/28/2009-----1 for 50
R/S-----11/18/2010-----1 for 24,000

Market cap of the company on Apr 04, 2011, BASED ON THE LAST KNOWN SHARE COUNT FROM Dec 31, 2010 is $14,886

http://www.otcmarkets.com/stock/ARTS/company-info
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About: StarFest Direct, a wholly owned subsidiary of Artfest International

Starfest Studios, containing over $12 million of state-of-the-art recording, audio, video, and studio camera equipment

As a Starfest Direct Member, you can have access to this facility to create your very own masterpiece! Cut a demo to submit to the American Idol or America’s Got Talent auditions, produce your own music video or record your very own CD! Plus, as a Starfest Direct Dealer, you also have access to our ever expanding catalogue of customized audio and video footage to brand YOU in the marketplace… go viral online and brand YOURSELF by leveraging off our powerful platform!
In addition, Starfest Direct utilizes an additional 15,000 sq ft facility to house a Professional Memorabilia Sourcing Team and Production Support Staff, enabling us to…
1) continue to acquire new, exciting limited-edition and one of a kind items for our gallery and…
2) deliver a high quality, authenticated finished product, securely shipped to our members.
Our outstanding team excels at product sourcing and procurement, artist, and entertainer relationships, framing, and authentication.
From Dallas Cowboys Stadium to Yankee Stadium to private collector’s homes around the world, you will find our fine work hanging there!


http://starfestoverview.com/wp-



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- Press Release Source: Artfest International, Inc. On Tuesday January 4, 2011, 11:29 am EST DALLAS, TX--(Marketwire - 01/04/11) -

The Dallas Diamonds, with their sights set on a historic 5th women's professional football championship season and more than any team in women's history, have partnered with Starfest Direct, a wholly owned subsidiary of Artfest International (OTC.BB:ARTS - News), to change the way women in professional football raise funds for sponsorships and fundraising. Using Starfest's proprietary software and e-commerce engine, the Diamonds plan to introduce the Starfest system to its fan base, supporters, and sponsors on January 8th, 2011, at the team's first annual contract signing event at Starfest Studios in Dallas, Texas.
Artfest International, Inc. (OTC.BB:ARTS - News) and Starfest Direct's overall business strategy is to target the $835 million virtual sports memorabilia and social gaming industry, bringing art, sports memorabilia, and collectibles to the market through Starfest Direct Independent Dealers and Associates. Starfest Direct offers a lucrative compensation plan and sales opportunity providing secondary markets for art and memorabilia resale. For more information on Starfest Direct opportunities and to become an art and sports memorabilia dealer, support your Dallas Diamonds with ticket purchases, memorabilia, and sponsorship packages by visiting http://www.starfestdirect.com/welcome.aspx.

YouTube Video http://www.youtube.com/watch?v=wAQI287Dq4g

http://finance.yahoo.com/news/Artfest-International-and-iw-1974568922.html?x=0&.v=1
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- Nov 01, 2010 12:57 ET

Artfest International, Inc. Acquires a Football League and Increases Its Presence at the Stadiums by Over 200%; "Football in 3D"



Artfest will utilize its new acquisition, Pat Summerall Productions, to exclusively produce and develop the shows, weekly broadcasts and commentaries. The games will feature some of the best commentators, analyst and pro football players both current and past. All of the half time shows will be exclusively produced by Artchannel TV, and will feature some of the world's greatest artists and performers. Artfest will use its 3D E-Cine technology to shoot, produce and broadcast the games in 3D High Def. The 3D process, will simultaneously broadcast regular HDTV signal for use on non 3D Networks.
http://www.marketwire.com/press-release/Artfest-International-Inc-Acquires-Football-League-Increases-Its-Presence-Stadiums-Over-1344785.htm

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PR FROM 01/2010 however now that they have full control over the new location, then we may see this come to life and start adding additional revenue.

3D Eye Solutions, Inc. Signs License Agreement with Artfest International, Inc. Bringing 3-D Technology to Fine Arts and Sports

3D Eye Solutions, Inc. (Pink Sheets: TDEY) is pleased to announce that the Company has signed a license agreement with Artfest International, Inc. (OTC:ARTS) (BULLETIN BOARD: ARTS) , which will enable 3D Eye to enter into the multi-billion dollar fine art and sports collectibles and memorabilia market. Artfest International will be installing 3D Eye Solution's proprietary 3D "without" glasses display at its 52,000 square foot state of the art expo center in Dallas, Texas. Artfest International will now be able to convert and display its world-renowned artists' fine art, sports memorabilia, and athletes' collectibles in 3D. One of the first series under the Artfest label to be converted into 3D will be "Rhupert!"

Artfest International's relationship with 3D Eye will play a key factor as the company continues to integrate new technologies into the art world. According to a report by the U.S. Display consortium, the 3-D display market is expected to grow to above $300 Million by 2011
(http://www.usdc.org/resources/downloads/3D_Report_2007.pdf). The 3D industry is also transcending into other artistic areas such as movies and music. Box office receipts through last weekend in the United States alone of James Cameron's "Avatar" grossed over $550 Million, with 75 percent of the receipts coming from 3D theaters, according to Digital Journal.com.

3D Eye Solutions recently announced that the Company's 3-D conversion for Michael Jackson's "Earth Song" will be featured this weekend at the 52nd Annual GRAMMY Awards show as part of a special tribute planned in honor of Michael Jackson. The show will air live from the Staples Center in Los Angeles on CBS from 8:00 - 11:30 pm, this Sunday January 31. The GRAMMY Awards are telecast annually to an international audience of over 2 billion in 180 countries. This special segment represents a GRAMMY technical breakthrough in that it will be the first time a major awards show will have portions of its program broadcast in 3-D. In order for viewers to enjoy this unique 3-D TV experience at home, CBS and Target have collaborated to provide millions of free 3-D GRAMMY Glasses. Through Sunday, Jan. 31, Target stores nationwide will exclusively offer these 3-D GRAMMY Glasses so that fans have the opportunity to see the film.

http://ih.advfn.com/p.php?pid=nmona&article=41314128
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- Nov 17, 2010 16:36 ET

Artfest International, Inc. Announces Recapitalization Plan for 2011
DALLAS, TX--(Marketwire - November 17, 2010) - Artfest International, Inc. (OTCBB: ARTS) is pleased to announce that the Company's management has approved its 2011 recapitalization plan in order to position itself for growth over the next twelve months. The plan allows the Company to capitalize on the equity in its various subsidiary corporations including Starfest, Charity Sports Distributor and (AIFC) Women's Professional Football League (UWFL), amongst others.

As a result of the diversification of the Company's assets and complexity for its business model, Artfest has chosen to utilize the assets of its subsidiaries to raise additional capital. In addition, this move will significantly reduce liability and dilution to the parent corporation and its subsidiaries.

"We believe our recapitalization plan represents a balanced approach to refining the Company's capital structure on behalf of our stockholders, while repositioning Artfest International for sustainable growth in earnings over the long-term," stated Edward Vakser, CEO of Artfest International, Inc.
As part of its recapitalization plan, Artfest International has already made arrangements for all of its shareholders of record, a publicly traded dividend in Starfest Direct. The Company will be announcing further details in the next two weeks.
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- Artfest International Inc. Acquires Pat Summerall Productions and Master Video Library (produced $10.5Million in 2002 which is an indication that it should add additional value and revenue for Artfest, the company went Bankrupt which indicates that Artfest may have got a steel on this Acqusition)
DALLAS, TX--(Marketwire - October 6, 2010) -

Artfest International, Inc. (OTCBB: ARTS), a new technology, fine art and memorabilia company, today announced it has entered into a definitive agreement to acquire Master Library of Pat Summerall Productions, a Dallas based Media, Content development and Production Company.

Artfest's business plan calls for expansion and acquisitions of intellectual properties (IP) and collectable components. The Television and Sports Broadcast industry considers Pat Summerall a legendary and historical figure. Memorabilia and collectable content with historical significance grows in value and in historical importance. Artfest distribution model, CSD Sports and Art Channel Inc., will repurpose and release the newly acquired assets and IP.

"I'm extremely excited to add yet another asset to Artfest International's already healthy and ever expanding portfolio. This strategic acquisition is one of several acquisitions currently under contract and negotiations, and is part of our plan in expanding our presence on Television and other Media Markets. The Intellectual properties and content that we acquired will help us establish the Starfest Technologies Brand for the tracking of sport memorabilia and collectibles via RFID Starfest Chips. The production will enhance our presence and participation in producing sporting events and expand our retail presence at stadiums and arenas," stated Edward Vakser, Artfest International CEO.

"This acquisition adds a new dimension to our content development and branding. While we feel that we will recover and continue to produce PSP two to four million per year in revenues, our main goal is to bring this company to a greater revenue potential. With the name and branding being very well known in the broadcast and sports community, we will direct our production focus on American Football and expansion with the newly developed Women's league. This alone should drive revenues and profits that will enhance Artfest's bottom line," stated Bill Strother, Art Channel's VP of Productions.

"The potential for this acquisition is huge. We already began producing Women's Football League and developing their sports branding and memorabilia. We will have Television as an additional driver for our members to purchase and re-sell our products and drive revenues for the Starfest Direct," explained Angie Tassan, Artfest CMO.
Recently, Artfest international announced an acquisition of a new Television/Recording studio, and REF financing from AGS Capital Group. The added funding will enable Artfest to complete a series of pre negotiated acquisitions, licensing and Celebrity/Artist endorsements and contracts.____________________________________________________________________________________________________________________________________

- Sep 28, 2010 07:45 ET
Artfest International, Inc. Secures $15 Million Reserve Equity Financing Facility With AGS Capital Group (THIS MIGHT BE THE REASON TO THE 2ND R/S since financing companies sometimes have some terms with share structure)DALLAS, TX--(Marketwire - September 28, 2010) - Artfest International, Inc. (OTCBB: ARTS), a fine art and memorabilia company, today announced it has entered into a definitive agreement with AGS Capital Group, a New York based value fund, to provide investment capital of up to $15 million through a Reserve Equity Financing Facility.
In the Reserve Equity Financing Agreement with New York based AGS Capital Group LLC www.agscapitalgroup.com, AGS has committed to purchase shares of the Company's common stock for cash consideration up to an aggregate of $15 million after Artfest International Inc.'s Form S-1 filing has become effective with the SEC. The Agreement does not prohibit the Company from raising additional debt or equity financings, other than financings similar to this agreement.
"I'm extremely excited to have this financial facility available for Artfest. We are ready to expand our CSD sports Group, Artchannel TV and Starfest Direct. These companies have a great value and revenue potential, and this kind of funding will ensure their success. Therefore, expanding Artfest International's asset base and revenues add to the shareholders value," stated Edward Vakser, Artfest International CEO.
"We are very excited to be a part of augmenting Artfest International's growth; this facility will provide an ability to quickly raise growth capital at a competitive cost," explained AGS Managing Partner Allen Silberstein. "Given Artfest International's tremendous growth potential and positioning within the marketplace, the facility should allow Artfest to fully realize its strategic plans and significantly drive growth."
http://www.marketwire.com/press-release/Artfest-International-Inc-Secures-15-Million-Reserve-Equity-Financing-Facility-With-1325906.htm
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- Sep 27, 2010 07:45 ET
StarFest Direct Launches National Television CampaignDALLAS, TX--(Marketwire - September 27, 2010) - StarFest Direct, a wholly owned subsidiary of Artfest International, Inc. (OTCBB: ARTS), today announces that it has launched the "Honey I'm Working" TV marketing campaign in support of its independent distributer base.
The new 30 sec. spot will air, starting with Time Warner Cable and Time Warner On Demand, on the ArtChannel.TV and a host of other media and Internet. The first in a series of commercials featuring High Profile Celebrity Icons will kick off with Ed "Too Tall" Jones, a legendary Hall of Fame NFL player who, during his 15 year career, helped lead the Dallas Cowboys to three NFC championships and three Super Bowls.
The spot can be seen on YouTube at: http://www.youtube.com/watch?v=wAQI287Dq4g, at Artfest International at: http://www.artfestinternational.com/index.php/starfest-direct/videos, or by visiting the StarFest Direct website at: http://www.starfestdirect.com/too-tall-commercial.aspx.
"Our new and improved StarFest catalog and web site has been redesigned to better serve our distributers. We are heavily concentrating on the sports and memorabilia part of our catalog, and will feature legendary stars and athletes as our spokespersons," stated Angie Tassan, Artfest International CMO.

http://www.marketwire.com/press-release/StarFest-Direct-Launches-National-Television-Campaign-1325143.htm
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- Aug 02, 2010 07:00 ET

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
Art Channel TV to Operate out of Maximedia Studios in Dallas
DALLAS, TX--(Marketwire - August 2, 2010) - 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.

http://www.marketwire.com/press-release/Artfest-International-Incs-Subsidiary-Moves-Television-Production-Broadcast-Facility-1298412.htm
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- Link to all NEWS
http://www.marketwire.com/mw/search.do (IN THE SEARCH TYPE IN THE COMPANIES NAME)
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Some shareholders have pulled away and MMs have let this slide to .0001 to pick up the shares at these low levels, when the company is finally starting to get everything together and is getting ready to achieve profitability, no one likes R/S, however companies go public to raise money so that they can implement their business plan.

Many that have been around know it’s better to have an R/S than to have the company go bankrupt or become a no bid.
As always do your own DD,

I am not suggesting you buy or sell just citied facts for shareholders, so that they can make a better decision based on facts.

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