MarketWatch:
Artfest International, Inc. is pleased to announce that the Company has signed an exclusive agreement for the release of Limited Edition licensed commemorative sports coins through its subsidiary, Artfest Direct, Inc.
The Limited Edition coins depict images of sports stars from teams in the NCAA, NBA, NFL, NHL and MLB. The coins will be minted in Silver, Gold, Platinum and Palladium. They are scheduled to include both current and past legends. In addition to the commemorative sports coins, the Company plans to release Limited Edition collector cards in both Silver and Gold. Artfest expects to have the product available in time for the official launch of the Artfest Direct website (www.artfestdirect.com) on May 1, 2010. To celebrate the launch of the Artfest Direct website, the Company will be hosting an event open to the general public this Saturday, May 1, 2010 from 1pm-10pm at its 52,000 square foot Artfest Expo Center in Dallas, Texas
Based on the direct marketing performance of companies including Herbalife, Mary Kay, Avon, and Home Interiors, Inc., Artfest Direct anticipates its current membership of 1,000, acquired during beta-testing of its proprietary system, will increase to over 2,000 members by the end of the second quarter 2010. The Company expects that membership will eventually grow to 20,000 by the end of 2010. With estimated per-member revenues of $6,700 per year, Artfest projects annual revenues of approximately $60,000,000 to $80,000,000 million over the next 12 months.
Logo from Artfest