Artfest International, Inc. Issues Shareholder Update

DALLAS, TX, Apr 20 (MARKET WIRE) --
Artfest International, Inc. (OTCBB: ARTI) updates its shareholders
regarding business activities and prospective plans.

Acquisition of Charity Sports Distributor, Inc.

After committing with a letter of intent to acquire CSD (Charity Sports
Distributor, Inc.) in February 2009, management's objectives involve
securing the best financing options available, in benefiting the company
and its shareholders. Intended to immediately expand and directly enhance
Artfest's current product offerings, management believes that CSD's
thirteen years of experience in the professional and college sports market
will assist Artfest in significant revenue growth. CSD holds exclusive
agreements with hundreds of private charities and over forty professional
and college teams, which can be viewed at www.csdsportsframing.com,
www.csdmemorabilia.com and www.homegameauction.com.

Acquisition of a recording studio and its facilities.

Negotiations involving financial arrangements to acquire a
35,000-square-foot facility, located in Dallas, TX, are being aggressively
approached. The studio and its facilities were constructed to handle the
specific requirements of top recording artists, as well as major film,
television and commercial needs of Fortune 500 corporations and their
entertainment divisions. Upon completion, Artfest will be capable of
executing multiple pending contracts with major names in the music and
entertainment industries.

Business strategy involving roll-up.

Management has targeted a potential acquisition candidate with the intent
of increasing value in Artfest's television and media division. Under
terms of the non-disclosure agreement, signed upon preliminary discussions
between the company and the party's top executives, Artfest is
unauthorized to release information revealing specific terms, figures, or
otherwise names relevant to this negotiation. Artfest management believes
that this private party will bring the company impressive value through
their operations and multi-million-dollar revenue streams.

Share Structure.

Current share structure count, including issued and outstanding stock, is
offered to all shareholders and interested parties via Island Stock
Transfer. The company would like to clarify that recent increase in shares
issued and outstanding is due to the conversion of promissory notes dated
July 2008, issued to former insiders. Details are available in the annual
(10-K) filing.

In addition, management and the Board of Directors have been reviewing a
potential stock re-purchase program. In lieu of finalizing several key
acquisitions, management believes that the company's stock is highly
undervalued and misrepresents Artfest's worth. The company believes this
incentive will help increase market valuation as well as attract new and
long term investors. The Board of Directors is currently reviewing
arrangements to this stock re-purchase program, including a joint
cooperation with accredited parties.

About Artfest International, Inc.

Artfest International, Inc. is a publicly traded Company under the stock
symbol "ARTI." Artfest 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 Art Channel Galleries, Inc.,
www.ArtChannelGalleries.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.

Corporate Contact:
Artfest International, Inc.
Member Relations:
Shirley A. Casavant
Tel: 877-278-6672

Investor Relations:
Steve Rash
15851 Dallas Parkway, Suite 225
Addison, TX 75001 USA
marketing@artfestinternational.com

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