|
DALLAS, TX - (06/07/10) - Artfest International, Inc. (OTC.BB:ARTS - News) is pleased to announce that the Company will start mailing out stock certificates of Artfest Direct today to shareholders of Artfest International, Inc. that held shares as of the Record Date of April 15th, 2010. The mail out will be for restricted shares to those 640 shareholders who held their shares in Artfest International, Inc. in certificate form. Shareholders, who held their shares in their broker account in "house name," should see the new shares deposited into their account within the next week to ten days.
Eligible shareholders, who are receiving their shares in certificate form and who do not receive their Artfest Direct shares after ten days, may contact Investor Relations at the number below. They will verify your eligibility and the correct mailing address. If current shares of Artfest International are held in a Brokerage account and are not credited within 10 business day, contact your broker. The dividend shares are restricted and are governed under SEC Rule 144. The Company has started the multi-step process to achieve publicly trading status for Artfest Direct. The Company shall periodically make progress announcements regarding this matter and the schedule for the 2nd Quarter Dividend. "We are very pleased to be able to reward our loyal shareholders with this dividend," stated Edward Vakser, President and CEO of Artfest International, Inc. "Although Artfest Direct is a newly formed company, we have great expectations for it because it represents the major marketing arm of Artfest International." About Artfest International, Inc. Artfest International, Inc. brings together artists, investors, decorators, designers, private collectors and art galleries. Artfest International's corporate site is www.artfestinternational.com. Artfest's subsidiaries are Art Channel, Inc. (www.artchannel.tv), and Artfest Direct, Inc. (www.Artfestdirect.com), offering the most exciting product and rewards program in the history of direct sales marketing. Safe Harbor Statement -- This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual or future results may differ materially from those anticipated depending on a variety of factors, including continued maintenance of favorable license arrangements, success of market research identifying new product opportunities, successful introduction of new products, continued product innovation, sales and earnings growth, ability to attract and retain key personnel, and general economic conditions affecting consumer spending. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. ARTI does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law. Contact:
Investor Relations
1 407-389-5900
|
