Artfest Announced the Addition of 5 Exclusive World-Renowned Russian Artists
"The new art editions not only increases Artfest's roster of artists, but Artfest further gains an even more substantial international presence while keeping up with the demand for new Russian art throughout the world."
(EMAILWIRE.COM, April 18, 2008 ) DALLAS, TX -- Artfest International, Inc. (OTCBB: ARTI - News) announced the addition of 5 new exclusive world-renowned Russian artists to its growing list of artists. Artfest acquired exclusive licensing rights to these new Russian art pieces as part of their goal of bringing top selling world-renowned artists from around the world to the United States of America through Artfest's direct marketing portal, www.ArtChannelGalleries.com.
The new art editions not only increases Artfest's roster of artists, but Artfest further gains an even more substantial international presence while keeping up with the demand for new Russian art throughout the world. Russian artists' freedom to express themselves is a relatively recent phenomenon and as a result is attracting more and more art collectors.(1) Artfest's new exclusive Russian artists launched this month will include: Demitry Sandjiev, Avdejev, Nadezhda Stupina, Viktor Kravtsov, and Yuri Voronov.
According to ArtPrice's Latest Trends Report, over recent years the cultural face of Russian capital has changed radically with the new opening of half a dozen or so contemporary art centers expanding Art Channel Galleries American art exposure in Russia. The new exclusive Russian artists will add to the Company's expanding list of exclusive artists including: Aubree Anna, Jean Bartlett, Randy Jacobs, Kathy Metcalf, and Harry Thompson, with more being added by Artfest International's member Curator Board. The Artfest curator board is composed of the top industry leaders that review, advise, and recommend art for Artfest International , Art Channel Galleries, and Art Channel.tv.
In 2007, for the seventh year running, the art market saw an overall rise in prices by over 18% with an overall surge of over 233% since 2001.(2) "These higher prices were accompanied by a higher total Fine Art Market revenue at 9.2 billion dollars, up 43.8% compared with 2006," according to ArtPrices's Art Market Trends 2007 report.(3) Art was already seeing demand from new areas like Russia but as investing on stock markets or in property appears riskier, new collectors and investment funds are showing interest as they seek out new kinds of alternative investing.(1) Given the new increased popularity in Russian art in tune with new art collectors, Artfest is able to deliver attractive fine art along with lucrative capital gains for their Art Channel Galleries art collectors.
About Artfest International Inc.
Artfest International, Inc. is a publicly traded company under the symbol "ARTI." Artfest connects artists, investors, decorators, designers and private collectors and galleries. Artfest (www.artfestinternational.com) and www.MyArtfest.com, is the company's E-Commerce venue. Artfest owns the subsidiaries 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 the direct-sales industry (DSA).
(1) ArtPrice, "The Latest Trends: Art Movements Under Review - Contemporary Russia," LE MARCHÉ DE L'ART CONTEMPORAIN 2006/2007 - LE RAPPORT ANNUEL ARTPRICE - THE ARTPRICE ANNUAL REPORT- CONTEMPORARY ART MARKET, (2007)
(2) ArtPrice, "The Latest Trends," LE MARCHÉ DE L'ART CONTEMPORAIN 2006/2007 - LE RAPPORT ANNUEL ARTPRICE - THE ARTPRICE ANNUAL REPORT- CONTEMPORARY ART MARKET, (2007)
(3) ArtMarketInsight by ArtPrice, Art Market Trends 2007, (France: March 2008)
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.
Jacob Cohen, Controller
15851 Dallas Parkway, Suite 225
Addison, TX 75001 USA
Tel: 877.278.6672
jcohen@artfestinternational.com
###
This press release was issued through GroupWeb EmailWire.Com. For more information on unlimited press release distribution for $1000/year for public companies, go to http://www.emailwire.com
The new art editions not only increases Artfest's roster of artists, but Artfest further gains an even more substantial international presence while keeping up with the demand for new Russian art throughout the world. Russian artists' freedom to express themselves is a relatively recent phenomenon and as a result is attracting more and more art collectors.(1) Artfest's new exclusive Russian artists launched this month will include: Demitry Sandjiev, Avdejev, Nadezhda Stupina, Viktor Kravtsov, and Yuri Voronov.
According to ArtPrice's Latest Trends Report, over recent years the cultural face of Russian capital has changed radically with the new opening of half a dozen or so contemporary art centers expanding Art Channel Galleries American art exposure in Russia. The new exclusive Russian artists will add to the Company's expanding list of exclusive artists including: Aubree Anna, Jean Bartlett, Randy Jacobs, Kathy Metcalf, and Harry Thompson, with more being added by Artfest International's member Curator Board. The Artfest curator board is composed of the top industry leaders that review, advise, and recommend art for Artfest International , Art Channel Galleries, and Art Channel.tv.
In 2007, for the seventh year running, the art market saw an overall rise in prices by over 18% with an overall surge of over 233% since 2001.(2) "These higher prices were accompanied by a higher total Fine Art Market revenue at 9.2 billion dollars, up 43.8% compared with 2006," according to ArtPrices's Art Market Trends 2007 report.(3) Art was already seeing demand from new areas like Russia but as investing on stock markets or in property appears riskier, new collectors and investment funds are showing interest as they seek out new kinds of alternative investing.(1) Given the new increased popularity in Russian art in tune with new art collectors, Artfest is able to deliver attractive fine art along with lucrative capital gains for their Art Channel Galleries art collectors.
About Artfest International Inc.
Artfest International, Inc. is a publicly traded company under the symbol "ARTI." Artfest connects artists, investors, decorators, designers and private collectors and galleries. Artfest (www.artfestinternational.com) and www.MyArtfest.com, is the company's E-Commerce venue. Artfest owns the subsidiaries 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 the direct-sales industry (DSA).
(1) ArtPrice, "The Latest Trends: Art Movements Under Review - Contemporary Russia," LE MARCHÉ DE L'ART CONTEMPORAIN 2006/2007 - LE RAPPORT ANNUEL ARTPRICE - THE ARTPRICE ANNUAL REPORT- CONTEMPORARY ART MARKET, (2007)
(2) ArtPrice, "The Latest Trends," LE MARCHÉ DE L'ART CONTEMPORAIN 2006/2007 - LE RAPPORT ANNUEL ARTPRICE - THE ARTPRICE ANNUAL REPORT- CONTEMPORARY ART MARKET, (2007)
(3) ArtMarketInsight by ArtPrice, Art Market Trends 2007, (France: March 2008)
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.
Jacob Cohen, Controller
15851 Dallas Parkway, Suite 225
Addison, TX 75001 USA
Tel: 877.278.6672
jcohen@artfestinternational.com
###
This press release was issued through GroupWeb EmailWire.Com. For more information on unlimited press release distribution for $1000/year for public companies, go to http://www.emailwire.com
|
Stop Being Fooled By "Penny Stock Picks"
Subscribe To The #1 Rated MicroCap Stock Newsletter. MicroCapster.com Top Penny Stock TEMN Key Investment Highlights & Latest News on Gainer TEMN! StockSource.us/temn.html Your text Ads here! Ads are only $575 per month. Ads are placed same day. Contac Us Emailwire.com/contact.php |