Artevo Corporation Update



    
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    CALGARY, May 22 /CNW/ - Artevo Corporation ("Artevo" or the
"Corporation") (TSX Venture: AEV), a company focused on the production,
marketing and distribution of all categories of fine art, announced it has
made a strategic decision to cancel the planned opening of its Art Gallery in
the new Don Mills Lifestyle Centre in Don Mills, Ontario, originally scheduled
for opening in April 2009. "It is with regret that Artevo will not proceed
with the opening of the gallery in the Shops at Don Mills," says Christopher
Talbot, President and CEO of Artevo. "The Corporation has determined that
given current market conditions, it is not prudent to continue with the
location in Don Mills at this time. Management has elected to proceed with
other strategic revenue streams."

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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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