Shares for Elephant Talk Communications Inc. (OTCBB: ETAK) were up during the afternoon of trading on Friday and closed up four cents at closing.

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In a press release out on November 20, Innovative Designs Shows 58% Y/E Increase

PITTSBURGH, PA, Nov 20, 2009 -- Innovative Designs Inc (OTCBB: IVDN) sales for its fiscal year ending October 31, 2009 showed an increase of approximately 58% over the previous year. The trend is continuing into the New Year with comp sales more than 2.5 times that of the first 18 days of last November.

The Company

Innovative Designs, Inc. manufactures the Arctic Armor(R) Line, hunting apparel, swimwear, wind shirts, jackets, and the multi-function "All in One" under the "i.d.i.gear" label featuring INSULTEX(R). INSULTEX(R) is the thinnest, lightest and warmest insulator in the market today. For more information, please visit http://www.idigear.com.

Elephant Talk Communications, Inc. (OTCBB: ETAK) trading at $1.67 per share on trading volume of 4,100 shares.

In a press release out on November 20, Elephant Talk Communications Reports Third Quarter Financial Results

SCHIPHOL, NETHERLANDS, Nov 20, 2009 -- Elephant Talk Communications, Inc. (OTCBB: ETAK), an international telecom and multimedia content distributor specializing in carrier grade mobile enabling platforms, announced the Company's third quarter 2009 financial results and is providing a shareholder update.

About Elephant Talk Communications

Elephant Talk Communications is positioning itself as an international telecom operator and enabler to the multimedia industry by facilitating the distribution of all forms of content as well as mobile and fixed telecom services to global telecommunications consumers. The Company provides traditional telecom services, media streaming, and distribution services primarily to the business-to-business (B2B) community within the telecommunications market where it has a presence. The Company's global footprint as a fully licensed carrier, supported by its propriety IN (Intelligent Network) and Billing/CRM (Client Relationship Management) Systems, has been designed to offer cutting-edge solutions to the increasingly competitive global multimedia industry. Elephant Talk's telecommunications platform eliminates the usual limitations caused by national borders, networks, devices or media and, therefore, enables its B2B customers to operate as independent telecom and multimedia distribution organizations. Elephant Talk is also a developer for mobile telecom and content distribution solutions; and, as a Mobile Virtual Network Enabler (MVNE), the company has positioned itself as the premier outsourcing partner for both Mobile Network Operators (MNO's) as well as for Mobile Virtual Network Operators (MVNO's). At the same time, Elephant Talk assists its MNO partners to more efficiently provide a broad range of sophisticated services to their own existing base of MVNO's. Elephant Talk is positioning itself as the preferred MVNE partner of the larger, global Mobile Operators and currently operates sophisticated networks in over a dozen markets in Europe, Asia Pacific, and the Middle East. The Company was ranked fifth on the Orange County 2008 Deloitte Technology Fast 50. For more information, visit: www.elephanttalk.com.

Artfest International, Inc. (OTCBB: ARTS) trading at $0.085 on a volume of 4.98M shares

In a press release out on November 20, Artfest International, Inc. Posts Net Profit for the Third Quarter 2009

Company Files Its 10Q With the SEC for the Third Quarter Ending September 30, 2009

DALLAS, TX, Nov 20, 2009 -- Artfest International, Inc. (OTCBB: ARTS) is pleased to announce that the Company has generated $896,404 in operating revenue in the third quarter ending September 30, 2009 as compared to $4,000 in operating revenue for the third quarter ending September 30, 2008, which is an increase of 22,310%. Artfest International, Inc. also reported net income of $7,397 for the third quarter ending September 30, 2009 versus a loss of $29,862 for the same period in 2008. The increase in operating revenue is due to the increased sales of art and sports memorabilia through the Company's wholly owned subsidiary, Charity Sports Distributor, as well as through events held at Artfest International's 52,000 square foot facility in Dallas, Texas, and direct sales activity through its Art Channel, Inc. and Art Channel Galleries, Inc. subsidiaries.

About Artfest International, Inc.

Artfest International, Inc. brings together artists, investors, decorators, designers, private collectors and art galleries. Artfest International's corporate site is www.artfestinternational.com. Artfest's subsidiaries are Art Channel, Inc. (www.artchannel.tv), and Art Channel Galleries, Inc. (www.ArtChannelGalleries.com), offering the most exciting product and rewards program in the history of direct sales marketing.

Cistera Networks(R) (OTCBB: CNWT) trading at $0.15 on a volume of 5,000 shares

In a press release out on November 20, Cistera Networks Announces Second Quarter Profit

2Q '10 EPS of $0.02 per Share

PLANO, TX, Nov 20, 2009 -- Cistera Networks(R) (OTCBB: CNWT), a leading provider of enterprise application platforms and engines for Internet Protocol (IP) Communications, today reported results for the three months and fiscal year ended September 30th, 2009 (all figures in U.S. dollars and U.S. GAAP).

About Cistera Networks, Inc.

Cistera Networks is a leading provider of enterprise application communications platforms and services. The company blends powerful application infrastructure with industry-specific business processes, to deliver the benefits of voice, video and data convergence to the user. Cistera's industry-leading platform delivers the most reliable, scalable and secure application services for IP-based network environments. Its broad portfolio of application services enables users to improve customer service and satisfaction, increase productivity and collaboration, improve responsiveness to critical incidents and to provide a safer environment.

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    Date:      Thursday, December 3rd, 2009
    Time:      10 A.M. to 10:30 A.M., Track 4
    Location:  Los Angeles, CA

At the conference, Elephant Talk Communications will also hold one-on-one meetings with investors to discuss the Company's second quarter 2009 financial results and business strategy. More information about the LD MICRO conference is available at www.ldmicro.com.

About Elephant Talk Communications

Elephant Talk Communications is positioning itself as an international telecom operator and enabler to the multimedia industry by facilitating the distribution of all forms of content as well as mobile and fixed telecom services to global telecommunications consumers. The Company provides traditional telecom services, media streaming, and distribution services primarily to the business-to-business (B2B) community within the telecommunications market where it has a presence. The Company's global footprint as a fully licensed carrier, supported by its propriety IN (Intelligent Network) and Billing/CRM (Client Relationship Management) Systems, has been designed to offer cutting-edge solutions to the increasingly competitive global multimedia industry. Elephant Talk's telecommunications platform eliminates the usual limitations caused by national borders, networks, devices or media and, therefore, enables its B2B customers to operate as independent telecom and multimedia distribution organizations. Elephant Talk is also a developer for mobile telecom and content distribution solutions; and, as a Mobile Virtual Network Enabler (MVNE), the company has positioned itself as the premier outsourcing partner for both Mobile Network Operators (MNOs) as well as for Mobile Virtual Network Operators (MVNOs). At the same time, Elephant Talk assists its MNO partners to more efficiently provide a broad range of sophisticated services to their own existing base of MVNO's. Elephant Talk is positioning itself as the preferred MVNE partner of the larger, global Mobile Operators and currently operates sophisticated networks in over a dozen markets in Europe, Asia Pacific, and the Middle East. The Company was ranked fifth on the Orange County 2008 Deloitte Technology Fast 50. For more information, visit: www.elephanttalk.com.

About LD MICRO

LD MICRO is a by-invitation only newsletter firm that focuses on finding undervalued companies in the micro-cap space and providing research for its clients. Since 2002, the firm has published an annual list of recommended stocks as well as comprehensive reports on select names throughout the year.

Chris Lahiji, President of LD MICRO, +1-408-457-1042, Chris@ldmicro.com

Forward-Looking Statements

Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about the Company's industry, management's beliefs and certain assumptions made by management. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Because such statements involve risks and uncertainties, the actual results and performance of the Company may differ materially from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here; however, readers should review carefully reports or documents the Company files periodically with the Securities and Exchange Commission.

Contact

Elephant Talk Communications, Inc.
Mr. Steven van der Velden
Tel: + 31 20 653 59 16

E-mail: Email Contact
http://www.elephanttalk.com

Or

Alliance Advisors, LLC
Mr. Thomas Walsh
Tel: (212) 398-3487
 E-mail: Email Contact

SOURCE: Elephant Talk Communications

http://www2.marketwire.com/mw/emailprcntct?id=94205BFB8657A08A
http://www.elephanttalk.com
http://www2.marketwire.com/mw/emailprcntct?id=92E99A1683C3D976

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