Artfest International, Inc. (ARTI.OB) Reports January Revenue Results and First Quarter Revenue Projections
Artfest International, Inc. announced this morning that its January revenues have surpassed $125,000 as the company has commenced the launch of its artistic content that is being distributed by Channel Galleries, the marketing arm and wholly owned subsidiary of Artfest International. In addition to the revenues received from art content sales, the company's other wholly owned subsidiary, Art Channel, Inc. has signed several contracts to produce new programming content. Edward Vakser, CEO of Artfest International, Inc., projects revenues will exceed $450,000 for the First Quarter 2009 based upon artistic content sales through their members' virtual art galleries and programming contracts…