Artfest International, Inc. Now Trading on the OTCQB(TM)
January 31 2011 - 7:15AM
Marketwired
Artfest International, Inc. (OTCQB: ARTS) (OTCBB: ARTS) announced
today that the Company's common shares are now being traded on the
OTCQB™ electronic quotation and trading system under the ticker
symbol ARTS. Shareholders are not required to take any action as a
result of the addition of the Company's securities to the OTCQB™.
The OTCQB™ marketplace was created in 2010 by Pink OTC Markets
Inc. as the middle tier of the OTC market to better distinguish
OTC-traded companies that are registered and reporting with U.S.
regulators from companies with securities that are only quoted on
the Pink Sheets. Pink OTC Markets makes Real-Time Level 2 market
maker quotations for all OTCQB securities available to investors on
www.otcmarkets.com.
Pink OTC Markets Inc. operates the leading electronic
interdealer quotation and trading system and facilitates trading in
over 9,000 securities not listed on a U.S. stock exchange. Pink OTC
Markets segments these securities into three tiers: the
quality-controlled OTCQX marketplace, the U.S. registered and
reporting OTCQB marketplace, and the Pink Sheets marketplace. For
more information on the OTC Market Tiers, see:
http://www.otcmarkets.com/pink/otcguide/investors_market_tiers.jsp.
The Company's securities are not currently being quoted by any
market maker on the OTC Bulletin Board operated by Financial
Regulatory Authority, Inc. (FINRA). The OTCBB™ is a quotation
service for FINRA market makers and not an issuer listing service
or securities market.
The OTCQB™ and the OTCBB™ are competing inter-dealer quotation
systems. Although the securities of some companies are still quoted
on both systems, there has recently been a substantial migration of
trading volume from the OTCBB™ to the OTCQB™ for technology, cost,
and service reasons. The OTCQB™ is widely viewed as superior to the
OTCBB™ by market makers and issuers because the OTCBB™ does not
support electronic trading and does not offer issuer services to
its quoted companies.
The management of Artfest International would like to invite all
shareholders to join in a celebration at company's Starfest
Maximedia Studios in Dallas, Texas. The three day Championship
Weekend celebration to honor the women's football players will
feature sports and entertainment celebrities, live concerts and
meet and greet opportunities. The tickets are available at
www.starfesttickets.com and will feature a Sunday Championship
Weekend watching party
Artfest International, Inc.
Artfest International, Inc. brings together artists, investors,
decorators, designers, private collectors and art galleries.
Artfest International's corporate site is
www.artfestinternational.com.
Forward-Looking Statements
This release includes forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange 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.
Artfest 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.
CONTACT: Public Relations (480) 326-8577