I use line called "painters touch" from Rustolium. It'a a latex based paint but goes on flat like an enamel. You have to put on multiple layers to get it opaque is the only thing. you could use regular acrylic too but you'd have more brush marks. I top coated it with a something called "Ultra Clear", a UV resistant, non yellowing, acrylic spray varnish. The frame is a simple Falcon East liner stock, you can order them raw! There a great company, we use their liners and fabric covered mats alot - beautiful work.
Thats a shame that not everybody is getting the FramEd, I wonder why.