ATIF Holdings Limited Invests in Film ‘Macao Stories’ Releasing in Q4 2020
October 19 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 and advertising firm in
Northeast China, has invested in the production of ‘Macao Stories’,
an anti-gambling themed film that will be released in Q4 2020 on
China’s Top 3 online video streaming platforms; iQiyi, Tencent
Video, and Youku.
According to the China's Internet Audio-Visual
Development Research Report 2020 released by China Internet
Audio-Visual Program Service Association, the effective playback
counts was 9.98 million for each film on streaming platforms in the
first half of 2020 and the user penetration rate of iQiyi, Tencent
Video and Youku totaled 79.1%. In 2019, the market of online
integrated video including internet movie and internet TV series
reached RMB102.34 billion, a 15% year-over-year growth. Based on
the market statistics and LGC's previous film investment had
reached 200% return on investment, LCG expects the broadcast of the
‘Macao Stories’ on the major streaming platforms will bring in
substantial return on investment.
Mr. Jiang Tao, CEO of LGC said, ‘Macao Stories’
incorporates elements such as Kong Fu and magic and has a casting
of both mainland and Hong Kong celebrities that tailors present
mainstream consumer appetites. The film ‘Macao Stories’ skillfully
makes use of humorous and intriguing techniques to reflect a more
profound social issue in our society. Its artistry and entertaining
nature are equally applauded by professional commentators during
the pre-view.
“We have seen how Covid-19 is accelerating
development of video streaming platforms. In North America,
globally famous media streaming platforms such as Netflix, Hulu,
HBO Max and Disney+ etc. have all had exponential growths during
the epidemic period. Nowadays more and more content creators and
film production companies have realized the importance of such
platforms. We also believe this trend will make an impact on
Chinese market too, which is also likely to transform the film
distribution market in a great way. We anticipate that this film
will become one of LGC’s signature works.” Mr. Jiang added.
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 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 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.
Contact Person : Janice WangCell Number: +86 13811768559Email:
jwang@changqingconsulting.com
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