Artfest International, Inc. (ARTI.OB) Commences Aggressive Merger and Acquisition Campaign after Receiving $5 Million Equity Line of Credit
Artfest International, Inc. announced today 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,…