ATIF Holdings Limited Signs Multimedia Services Contracts with China and Global Top 500 Companies
August 03 2020 - 8:00AM
ATIF Holdings Limited (Nasdaq: ATIF, the “Company”), a company
providing business consulting services and multimedia services in
Asia, today announced that its majority-owned subsidiary, Leaping
Group Co., Ltd.(“LGC”), a leading multimedia and advertising firm
in Northeast China, has signed contracts with more than 20 renowned
corporate clients to provide multimedia services. Some of the
corporate clients are China and Global Top 500 companies.
Pursuant to the contracts LGC signed with the clients, LGC will
produce promotional videos, documentaries, internet broadcast
programs and product marketing related multimedia production
services for over 20 renowned corporate clients such as COFCO
Property (SHE:000031), Industrial and Commercial Bank of China
(SHA:601398), China Vanke (SHE:000002), Agile Property (HKG:03383)
and Evergrande (HKG:03333), which are ranked among China and Global
Top 500 enterprises.
Mr. Bo Jiang, Chairman of LGC, commented, “We’re glad that these
famous companies chose us to offer them comprehensive multimedia
solutions and we are confident that our exquisite service and
product can help our clients deliver their enterprise image and
influence better, appealing to more clients and consumers. As most
industries have been affected by the global outbreak of Covid-19 to
a certain extent during the past couple of months, in our film
and multimedia industry many are seeking business transformation or
other plans to cope with the situation, the so-called ‘influencers’
and short videos operations are also becoming the new growth points
of advertising and media industry in China.”
Mr. Pishan Chi, CEO of ATIF, said, “LGC also felt the brunt of
the Covid-19 to a certain degree, but we proactively implement
business transformation to catch up with the market trend in making
short-videos and promotional media videos that have become the new
growth points of our business. National box office recorded RMB33
million, which was a third of the same period of last year and only
within six days since the cinemas re-opened on July 20 in China, as
such LGC also expects its advertising business in second half of
2020 will start to grow at a pace in line with the ante-pandemic
period.”
About ATIF Holdings Limited
Headquartered 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. For more information, please
visit https://ir.atifchina.com/.
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 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
+1-908-510-2351 IR@changqingconsulting.com
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