Peats Ridge today released a statement to announce that the 2012 edition of the boutique indie and dance festival may well be the last.

In what could be a sad day a statement from Festival & Creative Director Matt Grant was released on Facebook with the following information:

“In the wake of what was an incredible 2012 Peats Ridge Festival, it is with great regret that I have to announce that the income from ticket sales and other sources fell below that required to meet the costs of the event.

As a result, the Festival’s accountants have advised that the entity that runs the Festival be wound up.

We are in discussion with various parties about the future of the Festival and will release information as soon as it becomes available.

I would like to thank everybody involved in creating the 2012 Festival and for making such an extraordinary and memorable event possible.”

For additional queries please go to www.peatsridgefestival.com.au