PBS Holding Inc. Acquires Into RETVi and Global Maximus Productions, Adds Production Projects to Its Sister Companies Artfest In
July 19 2011 - 12:50PM
Marketwired
PBS Holding Inc. (PINKSHEETS: PBHG), a subsidiary of Artfest
International (OTCQB: ARTS). PBS Holdings, Inc. acquired an equity
share in GMP and of the new RDP developed Real Estate TV
Interactive Network (RETVi). RETVi will provide national listings
of real estate through a new platform available to guests staying
at select properties providing the new Rev-Pak bundled services.
RDP primarily focuses on the creation of customized content and
media for reward, retail commercial, hospitality free-to-guests and
pay-per-use in-room interactive systems.
RDP Hospitality Group (RDP) announced June 18th, 2011 that the
Company has finalized two separate agreements with PBS Holding Inc.
(PBHG) based in Dallas, Texas.
The agreement goes beyond the PBS Holdings potential new
lucrative stake in GMP and RETVi respectively; the role of PBS
Holdings Inc. through its subsidiaries is to provide contracted
production and 3-D services to the events and shows being produced
by GMP and RETVi.
PBS Holding Inc. will produce all the music videos, and will co
produce all the real estate videos and Television shows using
Artfest International Art Channel group and production studios.
Extreme Sports, Live Football Games and Interactive Television
Shows will be handled by Tradestar Resources Corporation, a sister
company who owns United Women's Football League and PSP
Productions. www.uwfl.net
The production partnership will also provide video services to
the RDP highly regarded music label Global Maximus Records (GMR).
The partnership has already begun working on the cooperatives first
two major music videos for Country Music Artists, 'BadHorse,' a GMR
signee. Music Video "Bad Girl" as an anthem for UWFL (United
Women's Football League, owned by TSRR). And "It's all Good" a new
themed music video and a mini concept film.
"I am happy with the final deal and in the end it was a fair one
for all parties involved, our market superior content delivery
capabilities, contract power and revenues tied to their (PBHG)
history and expertise in production made for a common sense deal
for everyone," states Randall James, Chairman-CEO of RDP
Hospitality Group.
"The bottom line is, we are overwhelmed with new business
opportunities and RDP needed the infrastructure and bandwidth found
in PBS Holding and Starfest Direct to be more ready to the
marketplace and we are ready to roll out new initiatives quicker
and at a very high quality of production as a result of the
agreements," Will Beatty, COO of RDP Hospitality Group
concludes.
GMP is also producing the new Maximus Overdrive "Live" music
show, which is set to host major A-List entertainers in
Pay-Per-View and co-produced by Starfest Direct, a PBS Holding Inc.
subsidiary. These events will be available in all forms of media
attachments whether on-line, television or exclusive pay-per-use
and mobile TV platforms.
"This is a game changing event for all of our related companies,
especially PBS Holding Inc. As a content developers and providers
we are benefiting from an impressive distribution system and
delivery platform that RDP Hospitality has developed along with its
partners. The impressive amount of production will keep our studios
and companies such as ARTS, PBHG and TSRR busy with content
development. With these new RDP and GMP contracts and shared
ownership, along with our Starfest Direct Technology, we are poised
to create a great revenue generating machine and enhancement to our
shareholders value," stated Edward Vakser Chairman, PBS Holding
Inc. (PBHG)
About PBS Holding Inc.: PBS Holding Inc. is a Publicly Trading
Company trading on OTC Markets under the symbol PBHG. The company
is focused on growth by mergers and acquisitions of technology,
media, multimedia, television, Film productions and content
development. As a wholly own subsidiary, Starfest Direct Inc is
utilized for its high end Direct Sales Technology Enterprise
System. Starfest Direct is a virtual product and services catalog
system designed to facilitate sales, membership accounting and
maintenance http://www.starfestdirect.com
About 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. Artfest's subsidiaries are
Art Channel, Inc. (www.artchannel.tv), and PBS Holding Inc., (
PBHG) Starfest Direct, Inc. (www.Starfestdirect.com), offering the
most exciting product and rewards program in the history of direct
sales marketing. And Tradestar Resources Corporation, (TSRR) a
sports and entertainment production company.
As to: RDP Hospitality Group is a high end consultant firm
specializing in hospitality, entertainment creation and managements
of programming designed to impact hoteliers bottom line profits.
GMP, GMR, Executive Preview (Career Building Platform) Maximus
Overdrive "Live" Pay-Per-Views using new state of the art world
class unmatched technologies for the deliveries of the various
forms of media. http://www.MusicatGMR.com
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.
Artfest International, Inc., 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: Ava Baldwin Global Maximus Productions, LLC
615-584-6353 Contact: Investor Relations 1 877-278-6672