Artevo Announces Third Quarter Results



    CALGARY, Aug. 27 /CNW/ - Artevo Corporation ("Artevo" or the
"Corporation") (TSX Venture: AEV) announced that it has released its interim
financial statements and management's discussion and analysis for the three
and nine month periods ended June 30, 2009 (the "Financial Statements and
MD&A"). The Financial Statements and MD&A are available on the SEDAR website
at www.sedar.com. The Corporation also announces that it has restated its
comparative balance sheet for the period ended September 30, 2008 which is
included in the Financial Statements. 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 11 of the interim financial statements filed on SEDAR for
further information regarding the adjustment. The restated audited 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 will be filed on SEDAR on or before September 4, 2009.

    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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