Dallas, TX (PRWEB) February 28, 2008
Artfest International, Inc. (OTC BB:ARTI.OB - News) announced the launch of their new Film and Television Procurement division. This new division is in part possible due to the American Job Creation Act of 2004 (AJCA), which provides Artfest with a 100% tax credit of up to $15,000,000 towards any film, television or radio project. This new division is expected to supplement Artfest's television network, http://www.ArtChannel.tv.
The Artfest Film and Television Procurement division will be lead by Bruce Scambler, Certified Public Accountant and renowned Artist. "The IRS has created an incredible opportunity for growing companies like Artfest through the AJCA and specifically, IRS Section 181. We are able to raise up to 15 million dollars for Art Channel Networks and offer Investors a 100% tax write off," stated Scambler.
Art Channel currently broadcasts the television show, "Artfest Presents," to over 20 million viewers in 218 markets nationwide, including the top 10 major independent TV markets such as Dallas, Los Angeles, New York, Chicago and Washington, DC. The show presents a montage of footage from the Company's historical files, including member testimonials. In addition, viewers enjoy series featuring Pat Green, Cory Morrow, Jack Ingram, Reckless Kelly along with interviews with artists such as Aubree-Anna, live painting segments and art collections.
The AJCA of 2004 enables Art Channel to expand its program offerings on television and to develop film projects as well. Art Channel expects that the AJCA will rapidly expand the host of artists and program offerings the Company currently produces and broadcasts due to the 100% tax credit for all involved investors.
Art Channel broadcasts family entertainment, movies, series, sports, music and lifestyle programming via Internet, satellite and cable, full power and low power distribution to over 20 million viewers. The network provides a creative outlet for many artists, filmmakers and songwriters.
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 (http://www.artfestinternational.com) (http://www.MyArtfest.com) is the company's E-Commerce venue. Artfest owns the subsidiaries Art Channel, Inc. (http://www.artchannel.tv), and Art Channel Galleries, Inc. (http://www.ArtChannelGalleries.com), offering the most exciting product and rewards program in the history of the direct-sales industry (DSA).
About Bruce Scambler
Bruce Scambler is a world renowned visual artist, painter, chef, and Certified Public Accountant. Bruce spent a considerable amount of his life helping over 200 Native American tribes promote cultural awareness through the "Red Earth" project. Bruce embraced the vision of Artfest International and is helping in establishing an international film fund to produce a multitude of projects using the IRS Rule 181.
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