ATIF Holdings Limited to Initiate New Strategy via Launch of Online Financial Consulting Service Platform IPOEX.com
August 31 2020 - 8:00AM
ATIF Holdings Limited (Nasdaq: ATIF, the “Company”), a company
providing business consulting and multimedia services in Asia,
today announced that it plans launch of an online financial
consulting service platform IPOEX.com (“IPOEX”). IPOEX will provide
equity financing advisory and pre-IPO consulting services for
corporate clients via an innovative internet-based channel, which
intends to offer a professional one-stop solution for clients in
equity financing advisory, press relations and various aspects
along their way to IPO.
Amid great dilemma especially limited resources
and higher financing costs ahead for small and medium sized
enterprises (SMEs) in raising capital, and a strong appetite for
listing in U.S. exchanges, the Company made best use of its
expertise to combine financial consulting services with its
internet genes and developed for months to launch IPOEX, a highly
professional platform that aims to provide top quality information
services and consulting assistance in pre-IPO preparation, equity
financing and financial consulting education.
IPOEX will offer a one-stop solution that
includes membership services, IPO advisory and investor relations
as well as media services. As corporate clients become members, the
Company will help educate and formalize the operation and working
systems of its clients so that they understand the legal compliance
and financial requirement for listing and raise the capital needed
via IPO from the capital market to grow further.
“The upcoming IPOEX financial consulting
platform will have 20,000 international institutions on board and
plans to work with government, business associations, industrial
zones and other consulting service providers to enlarge its
membership base. IPOEX will match clients’ financing needs with the
right resources for its clients members”, said Mr. Pishan Chi, CEO
of ATIF.
Mr. Jun Liu, President and Chairman of the Board
commented, “The launch of IPOEX will be an important strategy
upgrade after the Company completed its acquisition of Leaping
Group Co., the biggest cinema operator and advertising company in
China Northeast, in April 2020. IPOEX’s institutions are a key
resource for the Company’s ambition to become a leading consulting
services company and we are confident IPOEX will attract more
members to get onboard. Leveraging our strong strength and core
competitiveness at internet that lies in platform development,
promotion and operation, we are confident that our strategy upgrade
via this merge between financial consulting services and internet
platform will achieve great success.”
About ATIF Holdings
LimitedHeadquartered in Shenzhen, China, ATIF
Holdings Limited (“ATIF”) is a company providing business
consulting services to small and medium-sized enterprises
in Asia, including going public consulting services,
international business planning and consulting services, and
financial media services. ATIF has advised several
enterprises in China in their plans to become publicly
listed in the U.S. Through its majority-owned
subsidiary, Leaping Group Co., Ltd., ATIF also
provides multimedia services and is engaged in three major
businesses, including multi-channel advertising, event planning and
execution, film and TV program production and movie theater
operations. ATIF operates the largest pre-movie
advertising network in Heilongjiang
Province and Liaoning
Province of China and also provides advertising
services in elevators and supermarkets. ATIF is often
hired to plan both online and offline advertising campaigns and to
produce related advertising material. In
addition, ATIF invests in films and TV programs and
distributes them in movie theaters or through online
platforms. ATIF is also one of majority shareholders
of AeroCentury Corp. (NYSE American: ACY) which is an
independent global aircraft operating lessor and finance company
specializing in leasing regional jet and turboprop aircraft and
related engines to airlines and commercial users
worldwide. For more information, please
visit https://ir.atifchina.com/.
Forward-Looking StatementsCertain
statements made in this release are “forward looking statements”
within the meaning of the “safe harbor” provisions of the United
States Private Securities Litigation Reform Act of 1995. When used
in this press release, the words “estimates,” “projected,”
“expects,” “anticipates,” “forecasts,” “plans,” “intends,”
“believes,” “seeks,” “may,” “will,” “should,” “future,” “propose”
and variations of these words or similar expressions (or the
negative versions of such words or expressions) are intended to
identify forward-looking statements. These forward-looking
statements are not guarantee of future performance,
conditions or results, and involve a number of known and unknown
risks, uncertainties, assumptions and other important factors, many
of which are outside the Company’s control, that could cause actual
results or outcomes to differ materially from those discussed in
the forward-looking statements. Important factors, among others,
are: future financial and operating results, including revenues,
income, expenditures, cash balances and other financial items;
ability to manage growth and expansion; current and future economic
and political conditions; ability to compete in an
industry with low barriers to entry; ability to continue to operate
through our VIE structure; ability to obtain additional financing
in the future to fund capital expenditures; ability to attract new
clients and further enhance brand recognition; ability to hire and
retain qualified management personnel and key employees; trends and
competition in the financial consulting services industry; a
pandemic or epidemic; and other factors listed in the Company’s
annual report on Form 20-F and other documents filed with
the Securities and Exchange Commission. The Company undertakes
no obligation to update forward-looking statements to reflect
subsequent occurring events or circumstances, or changes in its
expectations, except as may be required by law. Although the
Company believes that the expectations expressed in these
forward-looking statements are reasonable, it cannot assure you
that such expectations will turn out to be correct, and the Company
cautions you that actual results may differ materially from the
anticipated results expressed or implied by the forward-looking
statements we make. You should not rely upon forward-looking
statements as predictions of future events. Forward-looking
statements represent our management’s beliefs and assumptions only
as of the date such statements are made. These forward-looking
statements are made as of the date of this news release.For more
information, please contact Investor Relations at:
EverGreen Consulting Inc.Janice
Wang+86-13811768559+1-908-510-2351IR@changqingconsulting.com
Aerocentury (AMEX:ACY)
Historical Stock Chart
From Mar 2024 to Apr 2024
Aerocentury (AMEX:ACY)
Historical Stock Chart
From Apr 2023 to Apr 2024