IRVINE,
Calif., Dec. 28, 2022 /PRNewswire/ -- ATIF
Holdings Limited (Nasdaq: ATIF, the "Company" or "ATIF") is pleased
to announce that it through its wholly-owned subsidiary ATIF
Business Consulting, LLC has entered into a definitive consulting
agreement for a total service fee of $0.8
million to provide IPO advisory services to Vessel
Technology Inc. ("VESSEL"), an emerging micro-lodging integrated
operator.
Through multiple in-depth communications and conversations, ATIF
fully understood VESSEL's strategic planning and corporate needs,
and conducted preliminary due diligence on VESSEL to gain an
in-depth understanding of its business model, market size and
development prospects. Both companies reached a consensus on
promoting the high-quality development of VESSEL with the help of
capital markets, and formally signed the consulting agreement.
Jun Liu, President, Chairman and
CEO of ATIF, said: "We are pleased to announce this advisory
project for VESSEL. As an innovator of micro-accommodation, VESSEL
has an impressive reputation in the industry for its advanced
product concept, high-quality customer service and reasonable
pricing. In this fast-growing industry, I look forward to seeing
VESSEL growing and realizing its ambitious expansion plan as a
listed company in the future."
In connection with this advisory project, ATIF will provide
all-round guidance and escort VESSEL on its path to the capital
markets according to its development needs.
About VESSEL
VESSEL is an emerging micro-hotel integrated operator, founded
in 2022, dedicated to providing stylish and smart micro-hotel
accommodation for outdoor travel and travelers away from the city.
VESSEL has developed an innovative, highly designed, self-contained
cabin using prefabricated structural components to reduce
disruption to the site and minimize environmental impact, combining
technology with comfort. "Providing customers with unique
opportunities to communicate with nature and allowing users to wake
up to breathtaking views." VESSEL currently has 325,000 square feet
of manufacturing and warehousing space, uses ERP and MES production
management execution systems, and offers a complete set of design
and development solutions.
About ATIF
ATIF Holdings Limited (NASDAQ: ATIF) is an Irvine-based financial group that provides
professional and compliant IPO and M&A advisory services to
companies through a combination of business, financial, counseling
and consulting services. ATIF has professional and skilled business
and financial services experience, and has successfully provided
dozens of companies with full U.S. IPO counseling and consulting
services to date. ATIF owns a comprehensive financial services
network platform www.IPOEX.com, developed by a strong team of
technology development and network experts, which provides SMEs
with one-stop services across digital finance, business consulting,
asset securitization and digitization. ATIF was awarded the "Golden
Bauhinia Award", the highest award in the financial and securities
industry in Hong Kong, for "Top 10
Best Listed Companies".
Forward-Looking Statements
Certain 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 obtain additional financing in
the future to fund capital expenditures; ability to attract new
clients, complete projects for 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; and other factors listed in
the Company's annual report on Form 10-K 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.
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SOURCE ATIF Holdings Limited