Artfest International, Inc. to Tackle Multi-Billion Dollar Art Industry
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DALLAS, TX, May 11 (MARKET WIRE) --
Artfest International, Inc. (OTCBB: ARTI) CEO Eddie Vakser announced
today that Artfest International has positioned itself to gain
significant market share in the multi-billion dollar art and sports
collectable market by combining new Artfest Expo Center, RFID technology
and the reach of the internet worldwide.
Artfest recently completed the development and acquisition of new RFID
software and RFID chips package. This technology will allow dealers
worldwide to own an Art Channel Gallery at www.artchannelgalleries.com.
According to First Research, Inc. the art dealer industry includes about
6,000 stores with combined annual revenue of $4 billion.
"The current planned acquisitions, internet and our relationships with the
"World's Best Artists (TM)" will enable Artfest to become the fastest
growing Art and Collectable company worldwide. We have already targeted
several acquisitions and we are aggressively pursuing opportunities to
make Artfest profitable in the next 18 months," stated Eddie Vakser,
Artfest International CEO.
Art Channel Galleries, Inc. (www.artchannelgalleries.com) markets and
sells reproductions of Autographed and Numbered, Limited-Edition Art ,
Sports and Celebrity Memorabilia to millions of customers all over the
world. This new technology and software will revolutionize the Art and
memorabilia markets, and change the way people buy and collect Art and
Memorabilia.
The world collectible market is a $120 billion market. Art Channel
Galleries is the first company to use an RFID technology for its
direct-sales strategy in this market to recruit hundreds of thousands of
Associates and Customers by word-of-mouth advertising, television
marketing and web advertising. Many companies have been successful in
marketing and selling everything from health products to software through
direct-sales distribution channels. The principals of the ACG are
seasoned professionals in the media, production, marketing, product
placement/advertising and direct-sales professionals who are confident
that this innovative concept can become the most successful direct-sales
company by leveraging the fast-growing Fine Art Reproduction and
celebrity collectible industry, the Giclee technology and a global
direct-sales channel while enjoying the full protection of RFID
technology and ACG data management software.
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 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.
For More Info;
Corporate Contact:
Artfest International Inc.
Member Relations:
Shirley A. Casavant
Tel: 877-278-6672
Investor Relations:
Steve Rash
13342 Midway Road
Suite 250
Dallas, TX 75244 USA,
marketing@artfestinternational.com
Copyright 2009, Market Wire, All rights reserved.
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