Artevo Announces Restated Financial Statements and MD&A



    CALGARY, Sept. 2 /CNW/ - Artevo Corporation ("Artevo" or the
"Corporation") (TSX Venture: AEV) announced that it has released its restated
audited financial statements and management's discussion and analysis (the
"Financial Statements and MD&A") for the year ended September 30, 2008, as
well as the restated interim Financial Statements and MD&A for the three month
period ended December 31, 2008 and the three and six month periods ended March
31, 2009 as referred to in its news release dated August 27, 2009. The
Financial Statements and MD&A are available on the SEDAR website at
www.sedar.com. The restatement is due to the improper recognition of $50,443
of events services revenue during the period ended September 30, 2008 which
should have been deferred as at September 30, 2008. Please refer to note 21 of
the restated audited financial statements for year ended September 30, 2008,
or note 11 of the interim financial statements for the three and nine month
period ended June 30, 2009 for further information regarding the adjustment.

    Artevo is a technology driven company focused on the production,
marketing and distribution of collectable fine art products.
    The Corporation is headquartered in Calgary, Alberta. For further
information contact Christopher Talbot, the President and Chief Executive
Officer of Artevo at (403) 244-8123.

    
    The TSX Venture Exchange Inc. has neither approved nor disapproved the
    contents of this press release.
    

    %SEDAR: 00025100E




For further information:

For further information: Artevo Corporation, Christopher Talbot -
President and CEO, T (403) 244-8123, C (403) 397-1744,
Christopher.talbot@artevo.com

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ARTEVO CORPORATION

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