You Can't Judge a Book by its Cover Part II

PART II ARTS: You Can’t Judge a Book by its Cover.

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ART$: You Can’t Judge a Book by its Cover Part I

ART$: You Can’t Judge a Book by its Cover Part II



Forward Looking Statements

Eddie Vakser is legendary for releasing some of the most outrageous, unbelievable, flat out mind blowing press releases. This was the one responsible for the stock going to .045 when The Dean promoted it (There is usually news from the companies that the dean promotes).

Eddie knew that he had to come up with a "Killer Ad", a killer ad that would entice even the extremely vigilant and highly skeptical investors. Eddie Vakser came up with masterpiece. Just as sex sells, so does a brilliant press release that NEVER has a prayer of coming true.

Here it is---released in January 2010: “Artfest projects annual revenues of approximately $60,000,000 to $100,000,000 million by the end of 2010 from its Art Channel Galleries segment, (ACG).”

All I can say is that this was a whopper of a press release that lured in a lot of big fish. Does it have any truth in it? From all the research I have done...in my honest opinion...NONE.



Former Forward Looking Press Releases that have Expired and are No Longer On Yahoo Finance:
Just a couple examples to drive my point.

1. "Artfest International, Inc. Launches Global Social Art Network Rivaling MySpace and YouTube"

Yes, you read correct, it says rivaling Youbube and MySpace. He really must have needed some cash, sent this out to up the price. I have to say this was a Masterpiece also...a work of Art.

2. “Artfest International, Inc. Acquires (State-of-the-Art) Audio/Video Operational Center”

They are always acquiring something “State of the Art” or “Proprietary”, nothing new for Eddie. Yeah, this is working out great right now, LOL. Watch out for trick words like acquire. It makes you think they own something, which they don't! All this means is that they have a room with a video camera...YES that is it. But these misleading press releases are always non-specific, it's just some news to keep the investors content...as he knows he has to keep feeding them hope. Hope is the business model used by Eddie Vakser to keep the investors thinking about how much money they can make if they stick it out and keep putting part of their hard earned pay checks into the company. It doesn't take many people, if you get 1,000 people that put $100 a month, that is an easy $100 K a month put in Eddies cookie jar. He can grab it whenever he wants as he has millions of free shares to trade.



Words of a former employee: supposed to be with CSD section, my mess up.

“I would not trust Eddie with my wallet. Vlad I would not trust with my back! But for some reason, he is out there doing the same thing in the old business. Makes me throw up a little, in my mouth, when I see him at a trade show. Then I feel better knowing I don't work for him anymore!!!”

This is a concern for me as he has a history of mistreating his employees. I think one of the best companies as far as treating their employees with respect, honesty, and pay is Google. Eddie is waaay to cheap to even remotely think about treating his employees 1/8 as good as GOOG.

ArtfestInternational.com Website Visits:

Yo can tell if an online business such as ARTS is working hard by the number of visitors to their website.
If we take a look at the number of people-or-visitors that visit ARTS website, you will find that there is simply not enough visitors to be a successful business, not even close. If any one thing should be an indicator, this should be! Look at all the “Global” statements that Eddie Vakser places in his Press Releases. If what Eddie has been preaching for the past two years is true there should be a minimum of 10,000 unique visitors a day. Think about it. Now look at for yourself. Click Here.

This is terrible! Just by advertising in Irving and Dallas you should have ten times this! And Eddie is informing us that this is a Global Company! Bullshit. I guess you can get another idea when you are running an online business and on your Twitter site; you are Following almost twice as many that are Following you. And only 800 for a business, I live in a town of 5,500 people and some of their businesses have over 1000 followers. This is pathetic! I haven’t been on Twitter for 3 months and I have more following me, than I follow. This guy could feed the blind bullshit and convince them that they are eating a chocolate bar--he really could. I have to say that he does have persuasive writing skills.

As you just read in the Forward Looking Statements at the beginning of Part II, you would see that ARTS is projected to make $60 Million worth of online business. Will, ARTS only has an average of 500 unique visitors per month. Each unique visitor for the year would have to purchase $10,000 worth of merchandise to equal $60 Million. That is saying every single person that visits the ARTS website in the year would have to purchase $10,000 worth of merchandise. If you buy this then you are a dreamer. I am sure there will be those that don't believe me when I am saying this is not possible, but Eddie has been working on this rewards program for 2 years and he states he has 1,000 members (which is probably over stated), that is not enough to amount to squat. I would like to see someone question Eddie on his extremely poor website traffic, rated below 1.9 million other sites, horrible. Do you own research but it is clear to me, Eddie is pathological when it comes to being honest.


Reverse Split 50-1 in October 2009

In October 2009 ARTS completed a 50-1 reverse split without releasing a press release. Eddie Vakser stated in an email to an ARTS investor that it only appeared they didn’t inform shareholders. Yeah, right, this guy is the worst!
Here is the email supposedly from Eddie Vakser; copied and pasted from Yahoo Finance Board on 2-8-10:

**Email From Ed Vakser on Yahoo Finance on February 8, 2010 in response to Reverse Split Question:

Eddie Vakser: "Let me just tell you how the R/S happened, and maybe once and for all people would just leave that subject alone."

Eddie Vakser: "First of all, everything that I’m about to say is public knowledge. So I’m not disclosing anything new. Anyone who knows how SEC and FINRA authorize and approve things, will agree that Artfest followed proper protocol and procedure. We first filed the request with FINRA, who responded that we will get an answer within 10 to 15 days. FINRA does not want manipulation, so THEY decide When you will start trading after the reverse.”
**(Sounds a lot like the poster teardrops99 on I-Hub, who suddenly deleted every post.)

Eddie Vakser: “Here is how it works. FINRA approved Artfest by issuing a new Cussip Number. Then we had to wait 10 more days for FINRA to assign a new ticker symbol. Artfest could not disclose any information until FINRA gave us a date when the new symbol will be up to begin trading. FINRA gives the company 48 hours PRIOR to posting, so that Artfest could make proper announcement to the public. So, we prepared a press release to come out the day BEFORE the symbol change. However, on that Wednesday, Artfest received an approval from FINRA, and ARTS as a new symbol, with acknowledgement that the trading will start the next day. However, BEFORE we could post our press release, that was still being approved by our attorneys, FINRA had posted the new symbol and approval on their site. Artfest was not alerted that the posting would occur BEFORE the symbol change. So, it looked like we posted PR a day late, when in fact we were scheduled to give proper 24hour notice.”

This doesn’t even make sense. Eddie you are studdering while you write here bud. First you said you prepared…that is past tense; then you say you were scheduled to release but you couldn’t post because your attorney’s didn’t approve it yet. So in other words, investors were NOT warned in time, this is exactly what it sounds like to me? If it looks like you posted a day late--you posted a date late scumbag. How long does it take for your attorney(s) to read a paragraph and grant approval? Investors are pissed off Eddie, because you could have had the courtesy of informing you were going to apply for a reverse split after the BOARD APPROVED IT. You are acting like we are accusing you of breaking the law, (which you actually may have) but investors are ticked due to the lack of factual communication. If this was something positive like; if the board approved a stock buyback or a forward split, I bet you would of made dang sure that a PR would have been released immediately.

Ed Vakser goes on to say: “With all the legal and filings that takes place, you can’t just “sneak” a reverse. As far as the blogs and the boards, a lot of the people who ARE trading, simply do not know the SEC rules and how the trading and transaction occur. Also, we had several instances of people who even admit to first bash the stock and the company, and then buy cheap and sell at the run. **Do you see how much this guy is focusing on the stock price? Some still call us “pinks”, when in fact we are OTCBB and have always been fully reporting. We are a growing company, so we are acquiring assets, companies and talent to help Artfest grow into a global company. We are using everything at our disposal to grow this company, while being in full compliance with SEC. Shareholder value does not mean that you get profit on a quick sale or flip. But rather, what is the company worth at the end of the day, and what are the assets and revenues. We are here for a long term and have a plan. If you are ever in Dallas area, please come by and see for yourself.”

***EDDIE, THIS IS THE YEAR IN WHICH YOU WILL FIND OUT IF YOU ARE GOING FOR BROKE OR ON THE RIGHT PATH. IF BY SOME CHANCE YOU ACTUALLY ARE ABLE TO PAY YOUR DEBTS BACK FOR ONCE THEN I WILL PERSONALLY BE YOUR SLAVE AND KISS YOU’RE A$. You are running out of chances in the investment world; having to beg individual “Angel” investors for money and not making the payments on the contracts you sign…that is BAD business, it’s time for profits, not just revenues, but PROFITS. You are digging a hole that is almost over your head Eddie. You cannot continue to issue shares just as our Government prints money…businesses are not successful when managed this way; in the long run you end up hurting everyone including yourself, even though you are the one that will most likely end up with money. But with the Internet it won’t take but a week until your name will forever be tarnished. So yes you may end up with the money, but if ARTS fails as it is obvious most investors feel this way, you think you are bashed now as a conman, just wait. I hope you aren’t pocketing any of that loan ARTS received.


Dilution

ARTS investors have experienced Massive Dilution through the acquisitions that Arfest International has made since 2008, offering 793,926,561 shares to a variety private lenders, that charged outrageous interest rates, to Eddie Vakser, and to other employees (undefined).Then you pull just an absolute “Dirty” play that was approved by the “Artful” board ---a reverse split without notifying the 2,100 shareholders of ARTS that the board had approved the split (which you should have done), you can say “it ---they say they did though.

This is the kind of press release you should have made; like this company TranSwitch did. Is there a law to say that it is up for board vote? I believe that Eddie just wanted to sell, sell, sell.

These are the main reasons why ARTS is under .01 cent right now. If ARTS is to make any other major acquisitions it would most likely be with stock shares because they do not have adequate cash reserves. Actually I think that any other acquisition is out of the question.

The latest 3rd Quarter 10 Q states that they are issuing $1.2 Million worth of shares to pay for their salaries. Well, that’s over 100 million shares down the drain. I wonder just how many of those shares are going to Eddie?

Anyone want to place bets on how many shares will be outstanding next quarter. It was 65 Million as recently stated in a press release. The rate they are going without making another acquisition is well over 1 Billion…way over! This stock will Never be worth a penny again; I really don’t think it will. Eddie should write a book: "How to ruin a company in two years" by Ed Vakser.

What is it going to take to increase the stock price?

It is simple really. It is going to take PROOF.
Proof that ARTS actually cares for it’s shareholders. *This will be the day!
Poof that if there is another reverse split that it will be made public at least one month in advance.
Proof that they will keep the public up to date on the Outstanding Shares.
Proof of this $60,000,000 in revenues that Ed Vakser is blabbing about.
Proof that Mr. Vakser can manage a company without robbing his shareholders. ROTFLMAO!
Proof that there will be an abrupt end to the behavioral pattern of issuing insanely amounts of shares to private lenders. These shares will eventually stall the growth of this company, soon there will be over 1 Billion Outstanding Shares; enough is enough. There are more shares being added to the float every day.

Right now ARTS is making up shares and handing them out like candy at a parade. I am not sure what the specified restrictions have been placed upon these shares, but I am sure that many are being executed right now…hopefully the restrictions are price based rather than time based, but right now the rate they are issuing shares is comparable to how our government is spending money. I am not even going to go into the preferred shares they are giving out, I don’t even want to know the insane divs they have to pay on the prefs.

If I was a private lender and they offered me shares; from the pattern of leadership in this company I think I would stick with my interest rate and charge late charges. Heck if I wanted the stock that much I would buy my own shares at this price. But of course there is always a risk that ARTS will never pay me back.

The bottom line is whoever gives Ed Vakser money is either scamming with him or about to get scammed.

So I guess if ARTS can sucker these private lenders to convert debt to shares, then ARTS can avoid the costly late fees and high interest rates. I just couldn’t believe the interest rates that ARTS agreed to pay some of these lenders, insane! Is it right to convert some of these debts to shares? Only if ARTS makes a profit and the stock price dramatically increases. Either way I honestly don’t believe that Ed Vakser thought about the loyal shareholders invested in ARTS; I believe he thinks his shareholders are simpleminded and foolish and are their for his use of continuing his manipulative cunning style of managing ARTS. Eddie Vakser would dispose of you like a dirty diaper.




Deception

You know after all the press releases that ARTS does, wonder why the 3rd Quarter 10Q wasn’t released in its entirety on Yahoo Finance? They released the forward looking statements and the positives. They don’t want you to see everything, it’s as simple as that and I believe this 100%. It may have been on their site, late, but at the time no one could find it. They want to sell the shares at the highest possible price and anyone who is half way knowledgeable about reading a 10Q can tell the stock is headed South, Far South. They are hiding the facts. When a company is hiding facts from shareholders it is time to get out! This is a sign that they have absolutely NO Respect or Concern whatsoever for shareholders, they are attempting to save their own ass.

There was a good sign in the 3rd Quarter 10 Q: Under Legal Proceedings it says: “There were no legal proceedings during the nine months ended September 30, 2009.”



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Scam or Not?

A lot of people have been asking if this is a Scam? It appears that ARTS intentionally dissimulates facts that could have a negative impact on the stock price. In my opinion you have to state the facts if you are operating a public business. So if you only inform your shareholders of the news that sounds positive; then YES this is a SCAM and is being run by a dubious board and a flat out thief for a CEO that treats his shareholders like lab rats. If you read just the Press Releases from ARTS you would beleive they are a DOW top 30 company. .There is never anything negative informed in their press releases. They are doing everything that they can do to keep people from selling and continue buying.



MLM or not?

Does Ed Vakser have a good heart? I don’t know the guy personally, I just know what he has done for his own benefit and my conclusion is that he is a Greedy Son of ______ who has this vision of ruling the world by way of MLM and persuading anyone and everyone he can lure in to give him money. (Including a 70 year old women and he didn’t pay her back so she was forced to litigate.). He is flat out emulating IGI’s MLM and I’m afraid ARTS is going to end up like IGI, Bankrupt. But don’t worry about Eddie, he will have plenty stashed away and he will just come back and do it again and again.

Is this an MLM? Well look at the “Rewards Program” and judge for yourself.

My opinion of MLM’s? Don’t get involved unless you know you are at the top of the food chain (which would be bottom in MLM) or else you will be Eddies dinner. They are the work of the devil in my opinion because eventually they dry up and the links are broke---in ARTS case the members chain would collapse and this could drop a stock quicker than quick! I don't believe this rewards program will work. Eddie has been attempting to recruit since 2008 and recall looking at ARTS website traffic; basically nonexistent! Not Good.

It clearly appears that Ed Vakser is cloning this program from his shady days at International Galleries, Inc (IGI). Here is an excerpt from the thief himself Paul Myers at IGI when IGI’s President, Stan Leitner, and Master Member Paul Myer are asked to explain why the company has been so successful so quickly, they point to:
(1) The exclusive, state-of-the-ART IGI product and
(2) The unique IGI Member Rewards Plan that pays cash daily.


“This is the first time Member Rewards have been provided in this way, as both an incentive and a compensation,” Paul Myer comments, “and people are excited about a program where the Member Rewards are paid in cash!”

Does this sound familiar ARTS shareholders? I believe we have read this one before.


I personally think Eddie is out of his mind after being involved with the crooks over at International Galleries, Inc. Many say that Eddie was one of them, but he was never prosecuted after the MLM scheme that was very similar to ARTS recent rewards program…VERY SIMILAR. This scheme at IGI left 30,000 people wondering where their life savings went. If you do your DD and research some Dallas newspapers you can read all about it. Eddie is basically running this company the identical way that IGI was run; now that is scary.


I’d like to see ARTS succeed due to my personal investment, but I really desire the CEO to be honest and just tell it how it REALLY is! I really don’t want my fortune to be made by someone else’s misfortune by not getting in soon enough. I wouldn’t be able to sleep if I conducted myself in a similar manner as Fast Eddie.

You do not grow a company by depending on the sales of “Members” to do the work. You have to do the work and not just promote how good things will be; Eddie.



The Dean should Promote ARTS Again in June
One thing you investors in ARTS should be able to count on is another promotion by “The Dean” in June if ARTS still exists. The Deans restricted shares near the unrestricted date and the dean will want the highest possible price he can get. I know this from observing The Dean’s past behavior that he will want to dump his 750,000 shares at the highest possible price. Right now they aren't worth much of anything--just a little over $5,000. Also…last week he promoted IVOB again and it was an IVY LEAGUE pick; but newcomers to the dean wouldn’t have known that IVOB was an old pick and he is getting ready to unload the shares that become unrestricted. He will probably do the same with ARTS.

This may be a time to dump your shares if you have become a bag holder; who knows, maybe the price will increase in the meantime. If you look at some long term charts there have been some runs that were quickly followed by dips. But with all the employees trying to get rid of their shares in lieu of a paycheck, I have some doubts.



ART Illusions

The point of this blog is that everything isn’t as beautiful as it appears to be in the Artful Crafted Press Releases---I started out by delineating a somewhat positive image for Artfest International by going over some of their forward looking press releases throughout the past year that gave investors that warm, fuzzy and comfortable feeling that they have truly found a hidden gem of a company …but then I began getting into the things that ARTS didn’t make public, the stuff you have to dig for, the fine print that often goes unnoticed and once you discover the whole story you come closer to the truth. Revenues looked good but for a penny company in this weak credited economy, you need a profit to pay your bills. ARTS needs to pay them without using stock shares and begging for loans to whoever will give you the time of day.


Does Artfest International have any Potential?

Artfest International has a full plate right now. They are in the process of making 30 minute episodes of Rhupert the Ostrich, they are trying to sell Natures Sleep Visco Memory Foam Mattresses, they are trying to get their Members Rewards Program going, they are still trying to get their ARTS TV channel (Arts Channel) going…which I don’t think will ever be successful unless they can get it on a channel that can be easily accessed, and they are trying to sign with more Professional and College Teams with CSD.

I like CSD subsidiary as I think there could be some potential here. As for the potential of everything else; I really don’t know, I guess time will tell. As soon as the next 10Q is released I will be all over it.

It appears that they have no direction. They jump from one failed project to another, just the case as former Vakser companies.

If they are lucky enough to discover something that works, then I think they should focus on that.

Short Term Outlook for ARTS

What is the short term outlook? Not Good! Too many Free Shares to Sell. In the 4th Quarter; which is right now, there are to be $1.2 Million worth of restricted shares that become free to sell to their employees. You couldn’t find this information on Yahoo Finance, for good reason---ARTS just wants the public to see the forward looking aspects of the company so they can pay their employees. Yes, Eddie can’t even pay his employees…this equates to 1 Billion Shares just for salaries past due. How is he going to pay for the rent increase, the new CFO, new advisor Vandeweghe, acquisitions, the electric bill, and so forth?



Long Term Outlook

Long Term? I don’t think there will be one. I think this was a money scheme from the beginning and the Vakser’s know this and the board knows this.This of course is making inferences from the past. I give Artfest International a 50/50 chance of making through 2010. I believe when they hit bottom, they will hit hard and fast and they will go quickly. There may come a time that good ole Eddie will be run out of Dallas, from what I’ve heard there were/are some very upset private investors that definitely played part in the decisions to continue to issue shares for salary debt. Eventually the word will get around Dallas and if ARTS fails you can bet there will be many investors that will do their part on tarnishing Eddie Vakser's name.


After all of my research I get the feeling that Eddie Vakser is attempting to SOME things right…he is surrounding himself with a couple of reputable people…at least on paper it looks that way. But just as the saying goes “you can take a person out of the trailer park, but you can’t take the trailer park out of the person” and this is my personal opinion of Ed Vakser.



Other Red Flags:

It frightens me that this company has two siblings on the board; Ed and Angie that have been involved with MLM companies that have went bankrupt and the two of them always came out wealthy.

The company has a history of having NO CASH! There bank account is at zero.

Eddie Vakser jumps from one company to another; after he gets everything he can from one he moves on to the next opportunity. The best thing that could occur in my opinion is that the Board suggest that EV along with his sister resign and move on. I don’t believe ARTS will grow with E.V. at the helm. E.V. is a promoter, not a CEO.

They are vesting an indefinite amount of shares to themselves. It’s like they have found a blank checkbook full of checks and just started writing check after check after….this is definitely a desperate move that should raise a red flag.



Links that do not work: http://www.artchannel.info/ --probably because they don’t want you to know. http://www.art-tv.net/ ,

If you go back and look at two characteristics of every single MLM program conjured up, you would see over-inflated press releases and over exaggerated potential earnings that never could be possible. Take a look at the press releases from ARTS; in short all they are is advertisements that want to get you, the potential investor excited about the Enormous potential that their company has. They want to get you to open that check book and dish out the cash. I have not read a negative press release yet; and this means they are not being honest! An honest company sends out details of what is going on regardless if positive or negative. If Eddie was running a Biopharmaceutical he would say every drug they are developing is going to be approved, even if the FDA says not. This is a Big Time Red Flag.

I really don’t think ARTS would be in existence today if it were not for the acquisition of CSD. The Art Channel was not working, is not working now and NEVER will Eddie. What concerns me is that they will misuse the revenues that CSD brings in by trying to ride a dead horse with this television channel. They cannot afford this. Don’t mismanage the revenues with CSD, Eddie, ya hear me. If this is going to work you cannot use CSD revenues to fund your “Out of this World Crazy Ideas”. You can eventually but not now. Use CSD to get your business so you can at least make payments on your debts without diluting the holy s_ _ t out of OUR shares.

How are they funding Rhupert and Memory Foam Infomercial? I don’t know. I wish they would throw everything out right now and focus on CSD, that is what can have the potential to raise stock price. I really don’t know what to think about the Rhupert deal. I think Eddie dreams too big though and will try to do everything at once and that’s how it will END.

The way they finance; just for example: On January 31, 2008, the Company signed a Promissory Note payable to the TBF Charitable Trust Foundation for $50,000 due on July 31, 2008. The loan accrues an interest at 1.5% per month, or 18% per annum, and with interest and penalties the total due pursuant to the Note was $190,000. A $50,000 loan almost 4 times the amount loaned. This occurred in less than 2 years! Just think about the recent $900,000.00 loan and the penalty fees they will be paying. How much do you think Eddie will steal from this?

The last but not least Red Flag: As Dr. Phil says: “You can usually tell how a person will behave in the future by observing their past behavior”. I hope this doesn’t mean another bankrupt company! I think Eddie needs to spend some time in a Federal Penitentiary because he has been screwing everyone and now it's about time he gets screwed; literally.



Products

All successful companies offer great products or services. I have been through the Artfest International website numerous times and I just don’t see a product that will sell like hotcakes. This is ALWAYS the case of an MLM; yes nowadays they do have sell something besides memberships---as laws have forced them, but they don’t have anything that you can look at and say “Wow, this is a great product with excellent potential”. I just don’t see it. There are a couple of Michael Jordan framed posters I like, but they are very expensive and I have two of them---if I could get 50% of what their ask price is I would sell in a heartbeat. I also struggle with the fact that the signatures are authentic--due to what I now know about the Vakser’s history, but I assume that they are due to the fact that CSD has been a reputable company.

Concluding

Artfest International is struggling big time right now. Even though there is that diminutive probability that Ed Vakser is attempting to run a legitimate company for once, I don’t see the Art Channel aspect of ARTS working at all…throw this out the window.

This is Eddie Vakser’s third time he has either owned or been part of developing a television channel. When Eddie was CEO of Ecine he purchased America’s Choice (2000)--it was booted off the Dish Network within two months because all he ran was infomercials, Eddie created the Performance Lifestyle Channel (2005) and the Art Channel (2010). I don’t know if the Performance Lifestyle Channel is still on the air anywhere or not; anyone know? I have been visiting their website at TNT Media Productions and it says “To better serve our customers we are currently updating our website. Please check back soon for updates“. Now I have designed many websites before and I didn’t have to shut my whole site down to construct it. This is another one of Eddies companies.

I like the Charity Sports Distribution part of ARTS. I think if this is managed efficiently it can make some money; eventually. I just hope Eddie doesn’t do anything to screw it up, lol. In my opinion ARTS was basically a shell company doing a reverse merger when they acquired CSD. CSD may save their ass, if the stock ever goes to a nickel this year I will be more than happy.

The question is; can ARTS survive long enough to actually become profitable and pay its bills. Even if ARTS does become profitable in my opinion I believe it will be too late for long term investors as if you were in it for the long term your shares already would be virtually worthless due to reverse split, dilution and declining stock price.

Well, it is now known that ARTS is depending on their stock price to pay for their salaries. They stated in their latest 10Q that they will issue $1.2 Million worth of shares to themselves; do the math people, that is over 100 million shares at .01 cent a share and now the stock is .0067 and tail spinning. The stock is crashing because of this. How do they plan on paying salaries for the rest of this year? With my money? I am not giving my money to a lying, cheating, deceptive thief to pay for his own salary instead of putting it to use to make money for the company. We need profits to pay the bills, forget about acquisitions.

Eddie probably spends more money on press releases than he does on running the business..

All I can say is that CEO Eddie Vakser is confident. Are You???


Investor Relations: Investor Relations: Call 407-389-5900
They don’t have an Investor Relations email address but you can email Eddy himself as he has nothing better to do than to try to pump everyone up to purchasing ARTS, so he probably will respond.
To view the latest filings on ARTS go here:
*I strongly encourage you to check this often, as you should know by now that CEO Vakser and family is always scamming and scheming to benefit himself by creating ways to steal stock. To learn more on Ed Vakser read this article “Is Ed Vakser a Crook?”

Direct to Latest 10Q:


Questions to ask ARTS:

ALL investors should call and ask these questions? And any other questions or concerns.

1. How many shares have been issued to employees for pay since September 2009?
2. What is the status of the infomercial on Nature’s Sleep Foam Mattresses? How is it being funded?
3. What is the status of Rhupert the Ostrich series? Has anyone been interested in picking this up?
4. Why wasn’t the 3Quarter 10Q released in it’s entirety to investors on your press release?
5. Why don’t you have an Investors Relations Email Address?
6. How do you plan on paying salaries for the rest of 2010? With shares?
7. How do you plan on paying debts for 2010? With shares. OR do you even plan on paying debts?
8. Why don’t you have an investors page that displays the current float and outstanding shares? How many Outstanding Shares right now as of today? (There will be a Billion real soon, I guarantee this, Ed knows no other way to run a business!)
9. Is Vladimir Vakser on the payroll or has he received shares for a service or for free?
10. How do you sleep at night? (You freaking thieves)


I am not attempting to influence anyone to buy or sell shares of ARTS, I just want the truth to come out, that’s all. Investors will have to patiently wait for the next 10q due out late March 2010 and hope to you see profits, not revenues. Two things to focus on is profits and outstanding shares. PROFITS are the only catalyst that will allow ARTS to continue operating.*Note: I do own shares of ARTS and pray it goes up so I can GET OUT.

If something sounds to good to be true…it probably is!


Good Luck, invest at your own risk.


P.S. If Eddie Vakser can convince his dubious board to do a reverse split without notifying shareholders, how many shares do you think he can persuade them to give to himself in Lieu of Salaries not paid? Click here to check out info on Eddie Vakser.

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RT$: You Can’t Judge a Book by its Cover Part I

ART$: You Can’t Judge a Book by its Cover Part II

ARTS: You can't judge a book by its cover.

ART$: You Can’t Judge a Book by its Cover Part I
Part I
ART$: You Can’t Judge a Book by its Cover Part II
Part II here

This article is going to describe the events that have transpired within the past 12 months for Artfest International. Investors in Artfest International are very worried right now as to what some consider a promising company slowly drowning due to a tsunami of dilution. With the issuing of millions and millions of shares to their own employees to pay for debt; Artfest ticker ARTS.ob has experienced high selling volume that shows no signs of slowing down in the foreseeable future. One wonders just how many shares are being issued to management?

Arts is a penny stock that is traded under the symbol ARTS. Price as of this writing .0065

About ARTS

Artfest International, Inc. markets, sells, and prints paintings and autographed limited-edition celebrity photographs in the United States and internationally and has recently made an array of acquisitions mostly acquired by unrestricted shares and other financing through third party private investors.Artfest owns the subsidiaries Art Channel, Inc, Art Channel Galleries, Charity Sports Distributors (CSD) and Luxor Art.

Recently in the past 5 months, stock holders of ARTS have gone from an unannounced 50-1 reverse split to a promotion by “The Dean”, to uncertainty and lack of trust with Artfest International‘s CEO Ed Vakser. The Dean, a penny stock promoter was compensated two hundred thousand free-trading shares and seven hundred and fifty thousand restricted shares of ARTS that he’s unable to sell until July 2010. ARTS stock price is currently under a .01 cent and dipped to .0067 at time of this writing.

(*By the way---you can probably expect “The Dean” to promote this stock once again come close to July; his pattern is usually about a month to two weeks ahead of when he can officially sell his free shares that he procured via promotion.)


TWITTER Get the latest news for Artfest International on twitter. http://twitter.com/ArtfestNews

Here are a couple of tweets; I assume from CEO Vakser as it fits his writing style:

1. Ever needed an extra $100 a week? $1000? $10,000? Get a free replicated Artfest website & start earning! www.artchannelgalleries.com/news 8:25 PM Aug 12th, 2009 **Comment: Have you ever seen these types of ads in the paper. It just looks like a scam.

2. Art Expo at Midway/635 in Dallas. Events for parties of 10 to thousands. Grand. Exquisite. Affordable. more info: artexpoevents@gmail.com **Comment: Now they are getting desperate for cash. Having wedding receptions at the Art Expo



CEO of Artfest International

Ed Vakser is the CEO of ARTS. Mr. Vakser is only 45 years old but has been involved in the production of Kiss Concerts to producing MTV Videos. Vakser has been involved in a multitude of enterprises including owning the second largest staging company in North Texas and producing some of the largest corporate and entertainment industries events according to his own promotions.

According to a profile of Ed Vakser that I found online with he has been awarded several growth and performance industry awards. For over 10 years, Mr. Vakser has been working on several intellectual property concepts including ACHI--Now ARTS, 3D Concert, Wrestling, Ultimate Fighting and Extreme Sports, along with a multitude of art, recording, and performing artists. Mr. Vakser has also been the President and Chief Executive Officer of Revolve Communications since 2000, and the President and Chief Executive Officer of Intelecon Services, Inc. since 1990. Ed Vakser is now pursuing his passion in life---The Arts with running Artfest International. Lot’s more on Eddie later. As this profile displays nothing negative as it was one that you pay to have them distribute your bio…so it was created by Eddie himself. (He is very smart in creating a positive image.)



Bill and Ed

Ed Vakser has once again teamed up with Bill Strother to produce Ruphert; an animated children‘s series, which Artfest International acquired the rights to--beginning with 13 episodes. Bill and Ed have produced events such as KISS tours, Rockolla in 3D and were part in taking a $4 million dollar company (IGI) and increasing revenues to $150 million bucks within a year and then IGI’s MLM came crashing down and went bankrupt. Will the pair be beneficial to ARTS? I guess time will tell.

Yes this all sounds great. I think your positive view may be distorted after reading this entire article. Just a hint: International Galleries, Inc went bankrupt shortly after and Vakser’s former company actually provided lighting to these tours----the PR is extremely over exaggerated, as ALL of them are; to say the least!


Rhupert the Ostrich

Artfest licensed the rights to Rhupert the Ostrich from creator and artist D. Arthur Wilson. Rhupert is a growing sensation in the literary and licensing world and has recently been adopted by The Peace Project as their official "Ambassador of Peace." ARTS is hopeful that Rhupert will take off with children as Barney did. Artfest has said that it’s conservative projection for Rhubert marketing and merchandising revenues is $20 million per year, and is anticipated to become a legacy product for Artfest for many years to come. All I have to say is that if Rhupert is ever to be successful, it has to be recognized or viewed by children. If they run this on the Art Channel then there is absolutely NO chance of it being successful because it simply won’t ever be viewed. If they have any success with Rhupert it will have to be through other channeling and then you have a lot of revenue sharing. More on this later on.


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RFID Tech

ARTS is going to integrate this technology with their marketing strategy. What is RFID? RFID stands for Radio-Frequency IDentification. The acronym refers to small electronic devices that consist of a small chip and an antenna. These chips will provide a unique identifier for the products in which ARTS sells. ARTS acquired this technology in May 2009 and will utilize it to authenticate any or all of it’s products. This not only assures the buyer that the product is authentic but will prevent liability issues for ARTS. These RFID chips will be attached to the back of the printings, paintings or memorabilia, and contain the information about the origin and authenticity of the product. This is a rather new technology that should help to attract more customers and help them feeler safer about their investment.

Here is what CEO Ed Vakser says about RFID technology: “Art and collectibles that are embedded with Artfest International's RFID technology allows consumers and investors to connect to a database that displays the parameters of that particular collectible, where it was purchased, when it was purchased, and for what amount it was purchased. If it is a limited edition piece, it allows the consumer to see what number of the limited edition they purchased. The Company's RFID technology also allows artists or athletes to see how many pieces or items were produced and/or sold. The information on the RFID chip can be read either through an iPhone, PDA, and/or with Artfest's reader package. According to Nicholas Forrest, an art market analyst, 10% to 40% of artwork on the market are fakes.”

Ok, now let’s go over all of the Subsidiaries fully owned by ARTS.



Subsidiaries owned by Artfest International, Inc.

Art Channel Galleries:
This is ARTS Members Rewards Program that is inauspiciously similar to International Galleries, Ed Vakser’s former employment that went bankrupt. In short it is an MLM. Art Channel Galleries is an online direct sales company--in which pieces of art and memorabilia from all subsidiaries can be purchased and sold. It is the online business of ARTS. This is where ARTS markets and sells reproductions of autographed and numbered memorabilia, limited edition art, sports and celebrity memorabilia to people Nationally and Internationally. It will utilize the RFID technology along with it‘s proprietary online software. This is an opportunity for one and all to sell the products online or from a magazine. ARTS has incorporated a self replicating automated turnkey website that features full back office support which includes a merchant account, just in time inventory and order fulfillment allows members to work smarter, not harder. During beta testing ARTS acquired 1,000 members and expects to have over 2,000 members by the end of 1st Q of 2010. ARTS stated that they forecast 20,000 members by the end of 2010 and they are projecting each member to generate $6,700 each. (*I believe these projections to be EXTREMELY overstated, but we will see). If these projections are close, this would equate to over $60 Million in revenues; like I said, we’ll see.

On January 8th, 2010 ARTS announced the launch of it’s proprietary direct sales network and added that they have signed a wholesale distribution agreement to include new sports branded products to their expanding catalog. ARTS continues to add professional and college teams to the catalog. (Ed Vakser is well known for his dramatized PR’s.) The reason I believe this to be extremely overstated is that I am not for a second buying that when averaging everything in that each member will generate over $6,000 and they will be just be lucky to still be above water at the end of 2010, let alone dreaming of 20,000 productive members….If you buy this, you haven’t been around long!

For more information visit membership rewards program

To see a video on how ARTS are replicated and packaged go here

ARTS states it plans on growing members by direct marketing, Arfest TV, online art auctions combined with other multi-media strategies.
You will read my opinions and much more on this later in this article. *Just a hint: Nothing new here, a continuation of the emulating characteristics that Ed Vakser displays in ALL his Press Releases relative to the PAST. *Hint 2: CEO Vakser just wants everyone to think this is New News to increase stock price so ARTS can liquidate their $1.2 Million worth of recently issued shares.

Compare this link from ARTS to this link from Vakser’s former bankrupt company IGI and look at the similarities


Art Channel, Inc, --Artfest Networks :

ARTS bought the Art Channel in December of 07 for 28 Million Shares…Eddie Vakser owned the Art Channel and requested 1.5 Million Free Shares, which was granted. Does this sound fishy to anyone? I deleted everything I said about this because it was too long, but read between the lines.

The Art Channel Network will focus on CREATIVITY. So anything that is creative will have the opportunity to be on the Art Channel. The Art Channel Network is dedicated to producing television shows, films, special events, and multimedia productions on the net covering all aspects of creative arts and entertainment. You can go here to watch some videos; but I do not enjoy clicking on the video icon and it goes to a new page and then you have to scroll down and click the play button…I hope they change this! Not sure they are ready for this quite yet as it would not allow me to create a user name and password. The videos also load very slowly and there is only one video that loads right now that I could view and that was the main video explaining Art Channel Galleries Membership. I am looking forward to coming back and viewing in the near future as I hope it functions better. They have been working on this for years with very little progress. In short: the website sucks as it is confusing and slow.

This isn’t Eddie Vakser’s first adventure with a TV channel. Dish Network dropped America’s Voice Eddie’s former TV network for running too many infomercials, he couldn‘t afford to pay for content. What does ARTS plan on doing to market Memory Foam? Oh, yea the announcement of an infomercial for Nature’s Sleep Memory Foam Mattress. Wonder what channel? The Art Channel? Who watches this channel?

Has ANYONE actually accessed Art Channel on with their cable or satellite subscriber?? Maybe they just plan on it being on the web from Eddie's past experiences. In Eddie’s two previous channels he was known for sending out press releases that stating “we are making it possible for 20 more million viewers”. He always made it sound like he was working so hard, but I am beginning to think that the only thing fast Eddie works hard at is the Art of a Convincing Press Release.

CSD--Charity Sports Distributors:

In July 2009 ARTS acquired Charity Sports Distributors for $3.75 Million to be paid in restricted shares of common stock valued at .25 cent per share; in this deal ARTS will take on $500,000 of CSD’s debt. This would be 937,500 shares at a quarter. This is just a tricky way to say that major dilution and selling is to come.
So, not only are they giving away millions of shares, but will inherit the debt that CSD couldn’t pay.

About CSD
CSD is in the gift, novelty, collectable and memorabilia business and operates souvenir shops and game day auctions at major stadiums and college sport venues.

CSD can custom frame authentic sports memorabilia and your large posters/pictures better than anyone else, according to press release. They use high quality materials and their attention to detail is second to none. CSD can make your memories last forever…see what CSD can do for you, here. Also if you have a question regarding reprinting something or a general question; email them at info@csdsportsframing.com

Everything CSD offers is 100% authentic and they produce their own authentic sports memorabilia.

CSD had revenues of $3.3 Million in 2008 and ARTS will take over approximately $1.2 Million in Sports Memorabilia. For example I just received an email that said they will be at the NBA All Star Game. I am not surprised that they did not mention if CSD had a profit or their financial status. Eddie Vakser thinks that with his marketing experience and ARTS team can increase revenues...this may be true, have to see.

CSD has agreements with some NFL teams, MLB teams, NHL teams and over 25 NCAA teams. They go to these games to market their products. CSD will be attending 2010 NBA All Star Game. This is just another route to get the Artfest name out and about. You can look here to see what they have right now.

Ed Vakser said at the time (July 09) that this would be the first of many targeted memorabilia, framing and printing companies in which ARTS is planning to acquire---which is turning out to be true, but with Major Dilution. How about actually selling something? Oh Yeah, this is an MLM and all we sell is Good News!

Vakser also said that this is considered a 100,000,000,000 plus market space----Yes, that is 100 with 9 zeros! Yeah Ed, we will see on this one too! Just get .1%, that will be ok for now. The stuff this guy says is beyond belief of the most gullible! He really wants the SP to go up; and will say almost anything. I think Eddie gets himself so excited he actually believes his own B.S.

In my personal opinion this was actually a good addition for ARTS. I am not sure how Eddie Vakser pulled this one out of his hat but I believe this has a chance at being a revenue producer, but this is assuming they are profitable. With Vakser and his marketeers I believe that CSD alone can generate decent revenues for ARTS. In 2008 it had revenues greater than ARTS market cap as of this writing with the stock below .01 dipping to around .0065. That said we don’t really know the market cap because I know for sure that there is over 100 million shares outstanding--taking in consideration over $1 Million worth taken for salaries. One thing about investing and holding penny stocks is that investors should always know the true market cap...so ARTS should do a better job at PR-ing updated O/S.

Market Cap is currently stated on Etrade-Zecco-e at less than $1 Million, but this is not true as we know there is at the very least 65 Million Shares Outstanding and I would surmise it to be well over 100 Million by now, and counting----which is the major reason why the stock price has tanked. I am guessing the actual market cap is around $1.5 million right now with the stock price of .0075 (just went up) and with an estimated O/S over 100 Million. *Note: the A/S were approved I believe in June 2009 to 1 Billion. When is enough; enough???

This should definitely be asked when dealing with CSD: Why did they sell out and what will Eddie Vakser do to screw this up? Everything this guy touches seems to turn to $h@!.

Should CSD/ARTS Employees be worried due to Vakser’s past etiquettes?
Back in 2000 Ed Vakser and his former company Ecine--a 3D production company, took over America’s Voice (a political tv channel) and immediately fired two thirds of their employees, didn’t pay the remaining and then issued Bad Checks after this they issued checks but would cancel them before the employees could cash them.

Gary Stallings, the former vice president of operations at America’s Voice said “as far as they (Vakser’s company Ecine) were concerned, we were not employees.” Less than two months after Vakser took over Dish Network banned them for running too many infomercials. Then they let go everyone else who was ever an employee with America’s Voice.

Needless to say they were sued. Ecine’s excuse was we didn’t think they worked for us?

WTF? The most frivolous and flat out adolescent alibi I have ever, ever, EVER heard. Eddie instructed a man by the name of Vincent Castelli to inform Voice of America’s employees that they were never hired. So in other words, Vakser bought the company allowed the employees to continue to work, but then didn’t pay them for their services and said he didn’t hire them? OMG! What a scum bag. I hope he has learned something. Read the article here.

Then Vakser said he had attempted to open an account in Washington to support the America's Voice payroll. But the "wiring information" was accidentally sent to Las Vegas and "somewhere in California," he explained, and an account was not opened. (Yeah, I'm really buying that one Eddie). Does he take everyone for fools?

Does anyone in their right mind believe this? How funny it ended up in Las Vegas---where Vakser has ties to Casino's with his fomer company Ecine. He certainly is a piece of ART.

Is this what CSD employees will have to go through?



Luxor International, Inc. http://www.LuxorStyle.com also visit www.LuxorArtMuseum.com

ARTS acquired Luxor International for $5 Million and the assets are appraised between $9 and $12 Million. So I guess you could say this was an intelligent move if what they stated about the appraisal is true. Through this acquisition they would increase equity by at least $3 Million and can add about $10 Million to their asset balance sheet. This should provide some equity to apply for some credit, which I am sure is in their planning.

In my opinion this is exactly why they made this acquisition---otherwise I would question this one, but I believe the deal to benefit ARTS. You can throw sequentials out the window when it comes to Eddie Vakser, he never does anything in an orderly fashion that makes complete sense. I guess he gets a pass on this one for equity purposes, but having assets and liquidating them for a profit is a different story.

One thing that this will do is link them with famous International Artists. So along with increasing the balance sheet by a tad and gaining some artistic notoriety, I guess it’s ok.



Other Projects in the Making:

In September 2009 ARTS signed an agreement with Nature's Sleep, Inc. and Mattress 4 You to distribute Nature's Sleep's Visco Memory Foam Mattress. ARTS will assume the responsibility for the production of a Nature's Sleep Visco Memmory Foam mattress Infomercial, which shouldn’t be a problem for Ed Vakser as he is very experienced with productions.

Why did ARTS do this? Not sure, but Eddie probably saw an opportunity which fits his profile and acted on it. Eddie also hinted in the latest 10Q that he did this to diversify Artfest’s product line. Beta Testing phase II for the Memory Foam Mattress is scheduled to commence in the 1st Quarter of 2010. Memory Foam was a hot item for a while there-in fact one of the fastest growing products to market due to the demand, but I believe it has slowed down with the recession. What worries me is all this takes money to produce.

As mentioned above they are in the process of producing 13 Rhupert television programs which Bill Strother is working on right now. Rhupert was D. Arthur Wilson's creation. D. Arthur Wilson and his wife are famous artists. There should be a press release on this soon. ARTS has also licensed Rhupert’s image; so if the tv episodes have any success you know that you will be seeing little Rhupert’s all over. They are emulating Rhupert off of Barney the Dinosaur which at it’s peak was bringing home $250 Million to the owners of the Barney license. ARTS has projected revenues for the whole Rhupert deal to be $20 Million in 2010...I don’t know if I have ever have seen such high projections for a stock under .01!

So the potential is there as you can see; but that is ALL it is right now, Potential. This will take years to attract the masses of children and prior to this, a quality television channel(s) that children tune into must say they like the show. A very LONG road ahead for this all to happen. Can ARTS stay afloat to continue business? We shall see. If they just can stay afloat and make a profit next quarter they may have a chance--they have to have a profit.

On January 26th, 2010 ARTS hired Jumpstart Marketing, Inc to market and promote their products through retail channels and placed faith in them to run ARTS 2010 marketing campaign. This should definitely help with branding as they are closely related to sports and is cost beneficial.

On January 29th, 2010 ARTS signed an agreement with 3D Eye. 3D Eye has a proprietary technology that you can view in 3 D without using those stupid hideous glasses. Artfest plans on using this technology on the Rhupert series which might give reason for one and all to at the very least check it out; IF it is on an accessible channel. Nothing was said about the specifics of the agreement. I just hope there isn’t dilution involved, but everything ARTS does involves damaging the stock price. I really wish they would define these “Agreements”. You always read these press releases that have that word “Agreement” in them, but that’s usually as far as it goes, tell your loyal stock holders about the fine print and just how much it is costing them.

ARTS just received $900,000 in funding from International Capitol Group which loans money to struggling companies for outrageous terms. The terms were undefined with exception that interest will be 5%--which is good, but believe me that this is NOT all there is to it!!

Everything ARTS is doing sounds productive. But they are diluting the company and with this habit the stock will never move north. I am afraid that they may already have those 1 Billion Shares outstanding. We should find out the true dilution on the next 4th Quarter 10Q due out in March, 2010. I also wouldn't be surprised if the board is talking about increasing the A/S's again.


Financial Information---How are they Paying for all of this?

Short Abstracted History of Artfest

On December 28, 2007 Artfest International acquired the Art Channel for 28 Million shares and an additional 1.5 Million to the CEO of The Art Channel. Guess who that was? Yes, Eddie Vakser.

This sure sounds like a scam from the very beginning or Eddie Vakser sure has a way of making big time Free Money!

July 8, 2009: It said from 10Q that the Majority of the companies shareholders votes to increase A/S to 1 Billion. Wonder if this is true? The majority.

As of the End of the 3rd quarter ending September 2009. ARTS has no money. NO CASH WHATSOEVER, NONE, NADA, ZERO! NOT A PENNY!

ARTS is in debt over $3.5 Million and counting. If this doesn’t change within the next quarter then they are finished and yes that is counting the $900,000 loan they just received…Eddie can spend this much on a night out on the town in Dallas. I am also concerned that they are not working on the Rhupert series or the Memory foam infomercial or anything else due to lack of funds...gosh I hope I'm wrong. IF ARTS releases a PR that says they are cutting employees---the End is very near!!

If you go through the loans; you will see that there are several loans from a third party that have been advanced to them----and they don’t pay them back. The lenders are courteous enough to advance them the loan and then they don't pay. I smell a lot of litigations on the horizon. It is no wonder they had to authorize 1 Billion shares and this stock is well below a penny now.

Future Acquisitions

Eddie Vakser said that he plans on acquiring memorabilia and printing companies.

I had wrote about a possible acquisition of art-exchange.com due to D. Arthur Wilson’s former connection and Donald Trump..long story. I deleted all of the research because I really don’t have a clue to what CEO Vakser will do next; heck I don’t think he knows. It kind of sounds like he is focusing on expansion by CSD, which I would be in agreement.


Management includes:

Warren Buffet stresses that the major key to a successful company is the leadership that surrounds it. It all starts at the top.

CEO Ed Vakser--which we have BRIEFLY addressed above. We will get to Eddie Vakser in a while. Contact Mr. Vakser direct at evakser@artfestinternational.com

CFO Christopher Miner who is a 25-year veteran of highly successful technology and marketing firms--for more on Mr. Miner go here

Bill Strother--who has proven to expand businesses beyond expectations added to help with Rhupert project among other expansions. Mr. Strother and Mr. Vakser enjoy working together and have proven themselves in their capabilities to dramatically increase revenues.

Chief Marketing Officer Ms Anzhelika Tassan Ed Vakser’s sister who co-founded of The Art Channel and specializes in developing a variety of digital marketing media campaigns including interactive software programs, corporate branding tools and web-based training modules. Ed

Senior Vice President of Sports and Education Mr. Lawrence Castro--who is called a Sports Marketing Genius. Mr. Castro will he will tap into his vast social network to create a larger product portfolio, increase sales venues, and market across Artfest's growing sales channels. I would hope Larry to be a major asset to CSD. Mr. Castro is a legend in the Golf Marketing Industry.

Film and Television Director Mr. Jack Weis. Mr. Weis is an Award Winning Film and Television Director, Producer and Writer. Mr. Weis has been with Arfest since September of 2008. It appears that Eddie has exaggerated Mr. Weis’ past. Judge for yourself?


Director Mr. Larry D Ditto. Mr. Ditto was the former CEO and is now the Chairman of the Board. Mr. Ditto specializes in negotiating agreements with suppliers. Another former associate of Eddies; this can't be a good thing.

Advisor to the Board Dr. Ernest Vandeweghe. Mr. Vandeweghe is a “New Addition” just came aboard last month. He was former majority owner of the L.A. Lakers and will bring notoriety to ARTS through his sports contacts; especially the CSD division. This actually baffles me at how Eddie got Dr. Vandeweghe. He probably doesn't know Eddies past 10 years as a con man.

For the Curator Advisory Board please see here



Revenues and Expenses for ARTS updated through Third Quarter of 2009

Revenues were up in 3rd Quarter 2009 to $2,257,884 from a year ago when revenues were just $28,736 in Q3 of 2008, so the total revenue increase is $2,229,148.

Expenses in 3rd Quarter 2009 were $2,033,343 compared to $882,790 from same period the prior year. ARTS had a net loss of $451,731 for the nine months ended September 30, 2009 and a net loss of $869,736 for the same period in the previous year. The decrease in net loss is the result of increased revenues.

The rent on the ARTS Expo Center in Dallas increased in January 2010 to $22,208.33 from $15,000; this rental contract is good until August 2010 and is a monthly increase of $7,208.33. This is almost a 50% increase; not good.

As it is always good to see revenues increase, the real question is: Can ARTS be profitable? Only time will tell but from the information publicly available it appears ARTS is on the right track and the CSD acquisition obviously helps. One big positive is that revenues for 3Q of 2009 increased by over 7,500% and expenses increased by roughly 130% at this rate they will be profitable very soon. BUT can they maintain this growth or was it 90% contributed to the acquisition of CSB and their pro-rated earnings? I’m not sure we know the answer to this yet, but right now it sure looks good on paper.

They are doing pretty good in 2009 compared with 2008; just look at this: Artfest generated $896,404 in operating revenue in the third quarter ending September 30, 2009 as compared to $4,000 in operating revenue for the third quarter ending September 30, 2008, which is an increase of 22,310%. Now that’s not too bad for increasing growth and the stock is currently under .01 cent.
END of Part one.


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ART$: You Can’t Judge a Book by its Cover Part I

ART$: You Can’t Judge a Book by its Cover Part II

Part I
Part II here