Artfest Launches ArtChannelGalleries.Com Enabling Increased Revenue ~ Artfest’s Web based business is modeled after direct marketing companies such as Mary Kay, Avon, and Home Interiors, Inc.
(Marketwire) - Dallas, Texas – February 1, 2008. Artfest International, Inc. (OTCBB:ARTI) will launch its fully operational, revolutionary direct-sales proprietary software system, www.ArtChannelGalleries.com on Saturday, February 2, 2008. The automated self-replicating website features full back office support including a merchant account, just-in-time inventory, and fulfillment so Members work smarter, not harder.
The proprietary software system enables Members to set up their own fine art and collectibles business with minimal effort. Upon joining, Members have access to a personalized automated website, self-replicating galleries and a simplified authenticated delivery system so they can begin to buy, sell, and trade art. In addition, the software provides sales training and presentations for Members to familiarize themselves with sales techniques and processes.
Artfest advantageously manages the just-in-time inventory and order fulfillment. Excluding Members from these processes makes transactions easier for them while also increasing the Company’s efficiency, rate of return and quality of products and services.
Edward Vakser, CEO and Chairman of Artfest looks forward to introducing current and new Members to the updated software. “Artfest’s improved software makes the sales process as easy as possible for Members. We ultimately hope that people who are drawn to our website through Artfest TV, Artfest Auctions, Artfest Galleries or just for the love of art will want to join our community when they see this automated, turn-key business solution with incredible rewards in their reach.”
Art Channel Galleries currently boasts over 500 Members who were acquired during a beta-testing of the software in late 2007. In conjunction with Artfest Networks, the Company's syndicated TV programming, Artfest Auctions, online art auctions, Artfest Galleries, the Company’s up and coming brick and mortar galleries, Art Channel Galleries is expected to see membership increase to over 2000 by the end of the first quarter of 2008. The success of the trial run validates the ease with which the software facilitates the sales process for Members. Artfest management anticipates that each new Member will equate to revenue of approximately $6,700 by the end of the year.
Artfest’s internet based business opportunity is modeled after direct marketing and sales business models used by companies such as Mary Kay, Avon, and Home Interiors, Inc. Members receive commission from individual sales and from each new Member they enroll in the program. Artfest distinguishes itself from other direct sale companies through not only the unprecedented ease of the software but also because of the innovative and revolutionary compensation plan. The patent-pending protected Commissions Reward Card provides many valuable incentives for Members. This is turn breeds Member loyalty, boosts Member morale and overall marks a considerable advancement for the Company in the fine art direct sales business. For more information, please visit www.artchannelgalleries.com.
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 (www.ArtChannelGalleries.com) offering the most exciting product and rewards program in the history of the direct-sales industry (DSA).
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.
Artfest International Inc.
Jacob Cohen, Controller
15851 Dallas Parkway, Suite 600
Addison, TX 75001 USA
Tel: 877.278.6672 email@example.com