The festival will be held on the last weekend in April
Machynlleth could soon be to comedy what Brecon is to jazz and Hay-on-Wye is to books.
The Montgomeryshire market town is to host a new festival which aims to match the high profiles of of Brecon Jazz and Hay Literary festivals.
Comedians Robin Ince, Tudur Owen and Jon Richardson are amongst the acts headlining a weekend of comedy between 23 and 25 April 2010.
The festival will showcase new comedians as well as established acts.
Founder, Henry Widdicombe, 30, from Powys, is excited to be bringing so much comedy talent together in one weekend.
He said: "It's amazing how many great comics have signed up for the festival in it's inaugural year.
"I think the idea of holding a festival in Machynlleth has really struck a chord with a lot of people."
Machynlleth was home to Owain Glyndŵr's first Welsh parliament in 1404 and Widdicombe is honoured to be using the town's Owain Glyndŵr Centre as a venue as part of the festival.
"The building has so much history and it just feels right to be using the rooms for spoken word events", said Widdicombe.
Venues include the Owain Glyndŵr Centre, Y Plas and local pubs
"Machynlleth is such an amazing place. For it's size it has so many potential performance spaces all with their own unique charms and quirks. I couldn't think of a better place to host a festival."
Wil Hodgson, Isy Suttie, Paul Foot and Pappy's will also be appearing at the festival.
The festival will also showcase an evening of Welsh language comedy, hosted by Tudur Owen.
Organisers also intend to use the town's Plas and local pubs as venues for the event.
Matthew Crosby from award-winning sketch group Pappy's said: "This festival looks set to be the best curated comedy festival Wales has ever seen. Watch out Edinburgh, you've got competition!"
Canadian surrealist comic Tony Law is pumped up to play the festival.
"I am so excited I could conjure a Griffin! I have a good feeling about it and I think the festival is a great idea."
For the latest updates on the Machynlleth Comedy Festival check out
The acts currently confirmed to appear at the event are Jon Richardson, Pappy's, Tudur Owen, Paul Foot, Tony Law, Jon Robins, Isy Suttie, Nat Luurtsema, Behemoth, Mark Olver, James Acaster, Wil Hodgson, Nick Helm, Mike Bubbins, Gerry Howell, Helen Arney, Chris Boyd, Josh Widdicombe, Henry Widdicombe, Ben Partridge, Clint Edwards, Gareth Brand, Stuart Goldsmith, Gareth Richards and Sarah Bennetto.
The festival is run by a team of volunteers and has been supported by a grant from Glasu, a Welsh Assembly and European Union programme to fund regeneration in rural areas.