Artfest International, Inc. Completes Acquisition of Major Sports Memorabilia Company

DALLAS, TX, Jul 06 (MARKET WIRE) --
Artfest International, Inc. (OTCBB: ARTI) is pleased to announce that the
Company has completed the acquisition of Charity Sports Distribution,
Inc. (CSD) for $3,750,000 to be paid in restricted shares of Artfest
International's common stock valued at $.25 per share. Artfest
International will also assume $500,000 in debt as part of the
transaction. The acquisition of CSD was one of the major factors in
Artfest International receiving a $5 Million equity line of credit from
Delaney Capital, LLC earlier this month.

CSD is in the gift, novelty, collectable and memorabilia business and
operates souvenir shops and game day auctions at major stadiums and
college sport venues. CSD is headquartered in Carrollton, TX. CSD
currently has over 20 employees and had annual sales of over $3.3 million
in 2008. Through this acquisition, Artfest will also receive
approximately $1.2 million in sport memorabilia, which will be available
for sale on the Company's Web site www.artfestinternational.com, which is
just one of the avenues in which CSD will be able to increase its sales
figures in 2009.

"The acquisition of Charity Sports Distribution will have a positive
impact on Artfest's revenues. Through CSD's agreements with the Dallas
Cowboys, Texas Rangers, the Dallas Stars, the Dallas Mavericks, as well
as 27 College Teams, we will now have direct access to a large and diverse
portfolio of sports memorabilia," stated Edward Vakser, CEO of Artfest
International, Inc. "This is a first of many targeted memorabilia, framing
and printing companies that Artfest is planning to acquire in what is
considered to be a 100,000,000,000 plus market space. We are focused to
'vertically' integrate framing, printing art and memorabilia companies to
support our business plan and foster our growth."

Companies wishing to be considered for mergers and acquisitions by Artfest
should contact Artfest M&A Team at: 866-534-2847. Or
Evakser@artfestinternational.com

Artfest recently held a National Teleconference to update investors. To
listen to a replay of Artfest International's Teleconference please visit
the Company's Website: www.artfestinternational.com.

"Artfest will be implementing RFID technology for all the art and
memorabilia products. Having our own 'in-house' framing and manufacturing
capabilities will enable us to provide further security and authentication
to the consumer," stated Angie Tassan, Artfest CMO.

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.

Contact:
Investor Relations
Big Apple Consulting USA
1-407-389-5900

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