Replies to post #1013 on Artfest International, Inc (fka ARTS)

[Klonopin2mg2000]

you suppose that's the reason for the delayed filing, perhaps more to come? as in this week or next?

[jimmybob]

Way undervalued here ~ Nice analysis ED!

[EDWARD STEVENSON]

It is important to keep in mind that Artfest International, Inc. is a fully-reporting bullentin board company. With that comes transparency. Their 10-K statement for 2008 is due out shortly, as well as their 10Q for the first quarter 2009.

2009 may be their break-through year. They had reported collecting $150,000 in revenue over the month of January, and projected $450,000 over the period of the first quarter 2009. The 10Q will do a viable job in verifying how close they came to the projected revenue, or even perhaps if they had exceeded it.

Their evaluation changes dramatically if their projected revenues are exceeded: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=36774422
In addition, if projections are so much as met, it is a strong indication of the fact that the company is able to set conservative and realistic goals in flourishing as a business.

Artfest International, Inc. Announces January Revenue Results and First Quarter Revenue Projections

DALLAS, TX, Feb 09, 2009 (MARKET WIRE via COMTEX) -- Artfest International Inc. (OTCBB: ARTI) announces January revenues exceeded $125,000 as Artfest International, Inc. has begun the launch of its artistic content that is being distributed by Art Channel Galleries, the marketing arm and wholly owned subsidiary of Artfest International, Inc. During the First Quarter 2009 Artfest International, Inc. has developed numerous promotions and specials purchase packages to introduce a select number of acclaimed artists to our members at substantially reduced prices for our members during these difficult economic times. In addition to revenues from art content sales the company's wholly owned subsidiary, Art Channel, Inc. has signed several contracts to produce new programming content for our clients.
Edward Vakser, CEO of Artfest International, Inc. is projecting revenues to exceed $450,000 for the First Quarter 2009 based upon artistic content sales through our members' virtual art galleries and programming contracts signed and contracts currently in negotiations to be completed during the First Quarter by our production subsidiary Art Channel, Inc.

"We believe that the addition of world renowned artists, special promotions and curator art specials that we are promoting this Quarter that Artfest will succeed in expanding and enhancing our current product offerings which will expand our current audience," stated Artfest CEO, Edward Vakser. "Furthermore we believe the foundation has been put in place to prepare Artfest for a successful and profitable 2009 which will result in increased value to our shareholders and members worldwide."