QualityStocks would like to highlight Artfest International, Inc. (OTCBB: ARTI). The company 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.
In the company’s news yesterday,
Artfest International, Inc. announced that it has launched an aggressive merger and acquisition campaign. The company recently received a $5 Million equity line of credit through an investment banking agreement with Delaney Equity Group, LLC. Artfest International is currently in the process of acquiring Charity Sports Distributor, Inc.
Artfest International is targeting organizations that will fit into its overall business model as well as synergize with its current subsidiaries, Art Channel, Inc. and Art Galleries, Inc. Some of the merger and acquisition candidates currently being evaluated are in a variety of sectors within the art, memorabilia and media industries, such as art galleries, sports memorabilia companies, television networks, production companies, printers and manufacturers, and frame manufacturers.
Edward Vakser, CEO of Artfest International, Inc., stated, “We are looking to strengthen our market position through key acquisitions in the art, memorabilia, and media industry. This acquisition strategy fits into Artfest’s overall plan in becoming the gold standard for the art and memorabilia industry. Our goal is to acquire vertically integrated companies and service providers that will enhance our product and manufacturing capabilities, as well as increase an overall revenue and income.”
“We have targeted a host of acquisitions, including printing and manufacturing, that would combined bring additional $20,000,000 in revenues as well as strengthen our position as a ‘turn key’ product provider of memorabilia and art,” added Angie Tassan, CMO of Artfest International, Inc.
About QualityStocks
QualityStocks, based in Scottsdale, Arizona is a free service that collects data from hundreds Small-Cap and Micro-Cap online Investment Newsletters into one Free Daily Newsletter Report. QualityStocks is dedicated to assisting emerging public companies with their advertising efforts and now has over 750,000+ subscribers that receive The Daily Stock Newsletters.
Please see disclaimer on QualityStocks website: http://Disclaimer.QualityStocks.net
Forward-Looking Statement:
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
