Replies to post #978 on Artfest International, Inc (fka ARTS)

[EDWARD STEVENSON]

Valuation Analysis.

With the consideration of Charity Sports Distributer, Inc. as a wholly owned subsidiary (an acquisition to be closed shortly) of Artfest International, Inc.

Artfest revenue projections for the first quarter 2009: $450,000 x 4 quarters = $1,800,000.
Charity Sports Distributer, Inc. revenue: $3,300,000.
Together $1,800,000 + $3,300,000 = $5,100,000.

Considering a conservative margin of 25%:

$5,100,000 x 0.25 = $1,275,000 net income.

$1,275,000 ÷ 168,763,003 (outstanding share count) = 0.0076 EPS (earnings per share).

The P/E ratio for the services sector stands at 15.
Therefore...

0.0076 EPS x 15 = 0.11 PER SHARE VALUATION.

Now, not only is the stock currently at a price per share of 0.007 but the company had additionally announced that several other acquisitions are to follow in the second quarter 2009... companies similar to CSD (Charity Sports Distributer, Inc.) with established revenue, which will significantly increase the valuation, and hence shareholder value.