ATIF Holdings Limited Awarded Additional Film Ads Contracts with an Aggregate Value of $1 Million for Domestic and Internatio...
October 08 2020 - 8:00AM
ATIF Holdings Limited (Nasdaq: ATIF, the “Company”), a company
providing business consulting and multimedia services in Asia,
today announced that its majority-owned subsidiary, Leaping Group
Co., Ltd. (“LGC”), a leading multimedia, advertising and
theatre operating firm in Northeast China, recently has been
awarded additional film advertisement contracts with multiple
well-known brands such as Audi, Honda, Construction Bank of China,
IKEA, etc. for cinema screen advertising during the prime time of
National Day's Golden week holiday. The contracts with the domestic
and international companies including Hongqi, Bank of
Communications, Country Garden, Poly, Audi, Honda, Construction
Bank of China and IKEA are valued at an aggregate amount of $1
million.
Based on the contracts, LGC will provide
advertisement services for the brands in its four theaters in
Shenyang City and multiple theaters of Wanda Film in North East
China. Wanda Film is one of the top film companies in China and LGC
serves as its exclusive agency in the region of Northeast
China.
As most of the popular blockbusters have
rescheduled to be released during the National Day's Golden week
which is the first important schedule of new releases since early
this year, the attendance in theaters has surged along with
occupancy rate escalation regulated by the Chinese authorities.
According to statistics from Alibaba Entertainment, the daily
average moviegoers and the theater average occupancy rate have
increased by 577% and 244%, respectively, compared to that theaters
operation resumed during couple months ago.
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 operates an internet-based
financial consulting service platform IPOEX.com, which provides
prestige membership services including online capital market
information, pre-IPO education and matchmaking services between
SMEs and financing institutions. 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 any questions regarding this release, please call: Janice Wang
Contact Person : Janice Wang
Cell Number: +86 13811768559
Email: jwang@changqingconsulting.com
ATIF (NASDAQ:ATIF)
Historical Stock Chart
From Jun 2024 to Jul 2024
ATIF (NASDAQ:ATIF)
Historical Stock Chart
From Jul 2023 to Jul 2024