SHENZHEN, China, Aug. 4, 2020 /PRNewswire/ -- 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 including
promotional videos, documentaries, internet broadcast programs and
product marketing related multimedia production.
Pursuant to the contracts LGC signed with the clients, LGC will
provide the multimedia services for over 20 renowned corporate
clients, some of which are ranked among China and Global Top 500
enterprises, such as COFCO Property (SHE:000031), Industrial Bank
of China (SHA:601398), China Vanke
(SHE:000002), Agile Property (HKG:03383) and Evergrande
(HKG:03333).
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."
Mr. Pishan Chi, CEO of ATIF, said, "As the so-called
'influencers' and short videos operations are also becoming the new
growth points of advertising and media industry in China, LGC proactively implements 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 only within six days
since the cinemas re-opened on July
20 in China, which was a
third of the same period of last year, 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. 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 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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SOURCE ATIF Holdings Limited