Artfest Newsflash

August 24, 2010: Artfest International, Inc. Increases Revenues by 748% for the Six Months Ended June 30, 2010 as Compared to the Same Period in 2009

Company Files Its 10Q With the SEC for the Second Quarter

DALLAS, TX - (08/24/10) - Artfest International, Inc. (OTC.BB:ARTS - News) is pleased to announce that the Company has generated $1,424,412 in operating revenue in the six months ended June 30, 2010 as compared to $167,885 in operating revenue for the six months ended June 30, 2009, which is an increase of 748%. Artfest International, Inc. also reported a gross profit of $834,124 for the six months ended June 30, 2010 versus $166,885 for the same period in 2009. The increase in operating revenue is due to the increased sales of art and sports memorabilia through the Company's wholly owned subsidiary, Charity Sports Distributor, as well as through events held at Artfest International's 52,000 square foot facility in Dallas, Texas, and direct sales activity through its Art Channel, Inc. and Art Channel Galleries, Inc. subsidiaries.

Artfest International, Inc.

Stock Symbol: ARTI - Discover the Joy!

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September 2010

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March 3, 2010: Artfest International, Inc. to Offer Shareholders a Position in Artfest Direct

Wednesday, 03 March 2010 08:59

New Company to Conduct Offering at $10 Per Share

DALLAS, TX - (03/03/10) - Artfest International, Inc. (OTC.BB:ARTS - News) is pleased to announce that the Company will be conducting an offering of Artfest Direct shares at $10.00 per share. Artfest Direct, a wholly owned subsidiary of Artfest International will be capitalized with 10 million shares outstanding. The Company's goal is to raise $10 million for the acquisition of additional fine art and sports memorabilia which will be offered directly to the public. Artfest International will be announcing details for the offering and dividend for its shareholders in the coming weeks.

March 1, 2010: Artfest International, Inc. Appoints Six Time Woman's Football All-Star to Its Board of Advisors

Monday, 01 March 2010 10:41

Company Signs Jen Welter as the First Woman Athlete for Its New E-Commerce Website

DALLAS, TX -- March 1, 2010 -- Artfest International, Inc. (OTC.BB:ARTS - News) is pleased to announce that the Company has signed Jen Welter, a six-time Independent Women's Football League (IWFL) All-Star, to its board of advisors. Jen Welter is also the first woman athlete whose sports memorabilia will be available to consumers through the Company's new e-commerce website www.artfestdirect.com. The new site will launch on March 8, 2010, a portion of the proceeds from the sale of Jen Welters sports memorabilia through Arfest's new e-commerce website will go directly to The Jen Welter Foundation, whose mission is to support other female athletes in the pursuit of their dreams and to help mentor young women.

February 22, 2010: Artfest Expands Its Sports Products and Content Distribution

Monday, 22 February 2010 09:00
DALLAS, TX - (02/22/10) - Artfest International, Inc. (OTC.BB:ARTS - News), a leading edge arts and sports memorabilia distribution company, announced it has completed the acquisition of Performance Lifestyle Channel.
Read more: February 22, 2010: Artfest Expands Its Sports Products and Content Distribution

February 12, 2010: Artfest International, Inc. Posts Animated Children’s Video “Rhupert” On YouTube

Friday, 12 February 2010 07:00
DALLAS, TX - (02/12/10) - Artfest International, Inc. (OTC.BB:ARTS- News), a leading edge arts distribution company, announced it has posted a video clip of its animated children’s series Rhupert on YouTube’s website. The series has started production of the initial 13 episodes featuring its lovable, loyal and elegant ostrich character Rhupert.
Read more: February 12, 2010: Artfest International, Inc. Posts Animated Children’s Video “Rhupert” On YouTube

February 10, 2010: Artfest International, Inc. to Target $835 Million Virtual Sports Memorabilia and Social Gaming Market

Wednesday, 10 February 2010 08:01

New E-Commerce Website Will Enable Consumers to Purchase Fine Art Directly From Favorite Sports Teams and Players

DALLAS, TX - (02/10/10) - Artfest International, Inc. (OTC.BB:ARTS - News) is pleased to announce that the Company is targeting the $835 Million virtual sports memorabilia and social gaming market with the launch of its new e-commerce website www.artfestdirect.com on March 8, 2010. For the first time, Artfest International's new website will enable consumers to purchase fine sports art as well as sports memorabilia and collectibles directly from their favorite teams, players, and athletes. Sales in the Sports Memorabilia market as a whole declined by approximately 20% last year. However, according to a January 2010 report by the research firm, Inside Network, the U.S. market in 2010 for virtual goods is expected to reach $1.6 Billion, with $835 Million of which will be from social gaming and sports memorabilia.

February 8, 2010: Artfest International, Inc. Closes on $900 Thousand in Financing to Expand Business Model in the Fine Art and Sports Memorabilia Market

Monday, 08 February 2010 09:00

Company Signs Funding Agreement With International Capital Group, LLC

DALLAS, TX - (02/08/10) - Artfest International, Inc. (OTC.BB:ARTS - News) is pleased to announce that the Company has signed a financing agreement with International Capital Group, LLC (ICG). The terms of the funding are that Artfest International, Inc. will receive a $900 Thousand non-recourse structured loan against securities, with a three-year term bearing an interest rate of 5 percent. The terms of the financing also has a growth cap of 300 percent over the term of the agreement, which is an important benefit to the Company. The financing agreement with International Capital Group will enable Artfest International to expand its business model in the fine art and sports memorabilia and collectibles market and develop business relationships with major sports franchises in major metropolitan areas across the country. Artfest International currently has partnership agreements with several stadiums, as well as other professional and NCAA division I college sports teams to market and sell fine sports art, collectibles and memorabilia both online and at the sports venues.

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