A.R.T. International Inc. Announces Dividend
TORONTO--(BUSINESS WIRE)--July 14, 2000--The Board of Directors of A.R.T. International Inc. (``ART'')(OTCBB:AGPF - news) is pleased to report that major marketing initiatives have been taken to improve the profitability of the Company.
The Company has successfully completed its test marketing of a select grouping of limited edition copies of Old Master paintings on a direct response television campaign in Canada. Over 500 television commercials, in 30, 60 and 90 second format, have been aired and targeted at six different demographic areas throughout Canada. Commencing July 17, 2000, these commercials will be aired on three (3) major television networks in the United States. In addition, a series of commercials will aired in late August, 2000 on both Canadian and American television stations.
In the fall of 1999, ART acquired a 40% interest in The Buck a Day Company Inc., (``Buck a Day'') of Newmarket, Ontario, a marketing, tele-sales and financing entity designed to bring direct response marketing to the next level through an integration of media, Internet and communications technologies. All of ART's direct response marketing is co-ordinated by Buck a Day.
Buck a Day has just signed an exclusive direct response market agreement with BellExpressVu for the purpose of offering digital satellite service. This simple alternative to cable gives the Canadian consumer a choice of their television viewing with the flexibility of picking and choosing the programming that best fits their needs at an affordable price.
The Shareholders at the shareholders meeting held on July 14, 2000 approved the conversion of the Series 1 and 2 Preference Shares. Directors of the Corporation, after a meeting held following the shareholders meeting, declared share dividends on the Common and class A Common Shares of the Corporation. The dividend of three (3) fully paid and non-assessable Class A Common Shares will be paid as a dividend for each Class A Common Share held by shareholders of record as at July 28, 2000. The dividend of three (3) fully paid and non-assessable Common Shares will be paid as a dividend for each Common Share held by shareholders of record as at July 28, 2000.
A.R.T. International Inc. is a fully reporting company, trading on the OTC:BB, trading symbol AGPF. More information can be found at the Company's Investor Information Page at www.agpf.net or at www.art-artagraph.com. Please email us at info@agpf.net or call 1-800-278-4723.
Safe harbor statement under the Private Securities Litigation Reform act of 1995: This release contains forward looking statements that are subject to risks and uncertainties, including, but no limited to, the impact of competitive products and pricing, product demand and market acceptance, new product development, reliance on key strategic alliances, availability of raw materials, the regulatory environment, fluctuations in operating results and other risks detailed form time to time in the Company's media releases.
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Contact:
A.R.T. International Inc.
M. Van Herreweghe, 800/278-4723 |
