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ARTFEST INTERNATIONAL, INC.
OTCBB: ARTS
13300 Branch View Lane
Dallas, TX 75234
Phone: 877-278-6672 ~ Fax: 866-534-2847
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October 15, 2010 Dear Shareholders: I would like to take this opportunity to give everyone an update of where we are in terms of projects that are completed and projects that are still in progress, and different stages of development. 1. We have successfully rebranded our Network Marketing division, from Artfest Direct to “Starfest Direct” - www.starfestdirect.com
2. We launched new commercials for the Starfest Direct Group: http://www.youtube.com/watch?v=wAQI287Dq4g
http://artfestinternational.com/index.php/starfest-direct/videos
3. We moved our production company, Art Channel, to a brand new 33,000 square-foot broadcast studio and added and produced more content. http://www.youtube.com/results?search_query=artchannel.tv&aq=f
4. We set up our gallery and broadcast showroom for Artfest International HQ, and Starfest Direct at the new Starfest Studios, Dallas.
5. We acquired Pat Summerall Productions and content library.
6. We expanded our current CSD Sports Stadiums to include the Philadelphia Eagles and the Islanders in New York.
7. We acquired the New Hollywood Art Collection and a Thomas Kinkade Inspirations of Israel collection, both of which are launching with Starfest Direct.
8. We signed an NFL and MLB precious metals coins and collectables agreement.
9. We established television and cable distribution for Art Channel TV and Sports Broadcast.
10. We funded an all women American Football Team USA, who won the Gold in Europe.
11. We secured a women’s American Football League for memorabilia and collectables licensing and TV broadcast.
12. We acquired a Picasso high-end sculpture and are in the process of completing the sale.
13. We signed with a new IR/PR Firm.
14. We launched the Starfest Direct Road Show. I would also like to take this opportunity to clear up some of the misconceptions and in some cases complete fabrications that are being perpetuated on the internet and blogs. 1. We, the Company, are not involved with any non US-based investors and especially are not involved with anyone from the Middle East.
2. Our company and several people from our legal counsel have been monitoring the blogs and chat rooms, and will comply with SEC concerning any attempts of misleading blogs and /or attempts at stock manipulations by the blogs authors.
3. According to our information, several bloggers and paid bashers have been charged and are currently in litigation with several OTCBB and Pink Sheet companies. (These bloggers were brought to our attention as who they were on ARTS chats, boards, and posts.)
4. Personally, I do respond to as many investors as time allows. However, I take extreme care in only releasing information that already is public knowledge. These responses are only meant to clarify our position and guide the investors towards the source of already published information. In some cases, people cut and paste partial releases, and therefore I feel compelled to point out the whole story.
5. DIVIDENDS: we have paid 1st Q dividend, however, the ones that were “in the Street Name” were sent to CEDE and CO, and they (and ARTS) are still awaiting FINRA DTC approval. This has caused some anxiety and mistrust, but our intent was to reward our shareholders and as soon as we get the DTC approved, we will issue the rest as well as the 2nd and 3rd Quarter dividends. (We have not asked for anything in return for the dividends, and all shareholders of record for the dates, will receive their shares, regardless of their current positions with ARTS.)
6. ARTS (Artfest International, Inc.) owns Starfest Direct, Inc. The goal is to have Starfest publicly traded and also bring additional shareholders value to ARTS. In closing, I would like to thank everyone who supported and continues to support Artfest International and its conglomerates. We strive for the achievement of our business plan and to grow our company to the potential that we know it could be. We face numerous challenges on a daily basis; however, we are firm and steady on our course to complete the plan and operate our companies. Thank you for your time and support, and any investor is always welcome to come to any of our buildings, and we will be happy to give them a personal tour and an update. We request at least a day notice to respect our schedules. The tours can be scheduled at
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. In an additional attempt to provide more information, anyone can send me an email at
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. We encourage you to visit our Websites at www.artfestinternational.com, www.artchannel.tv to read any news or information on events that we are releasing on a regular basis. Also, please visit the company’s new Website at www.starfestdirect.com, where you can shop the Starfest Direct catalogue offering some of the finest limited edition art, sports memorabilia, family collectibles, and music and entertainment collectibles, or become a Starfest Independent Dealer and have the ability to earn an income and work from home and earn an income with a flexible schedule. Best Regards, Edward Vakser, CEO
Artfest International, Inc. Safe Harbor Statement:
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control.
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