LOS ANGELES, Oct. 26, 2020 /PRNewswire/ -- ATIF Holdings
Limited (Nasdaq: ATIF, the "Company" or "ATIF"), a company
providing business consulting and multimedia services in
Asia, today announced the Company
entered into two financial consulting service agreements,
dated Oct 21, 2020 and dated Oct 22, 2020 (the
"Agreements"), to act as a business advisor
for McSen Realty Corp.("McSen Realty"),
a leading real estate brokerage in Irvine, California and Promise Logistics
Corp.("Promise Logistics"), a large inland logistics company
in City of Industry, California
providing logistic services nationwide. The
Agreements were signed in anticipation of both McSen
Realty and Promise Logistics to enter into
the U.S. capital market.
Pursuant to the Agreements, ATIF agreed to provide both McSen
Realty and Promise Logistics with services
including business consulting, capital market advisory for
business planning and strategy development, planning and assisting
with fund raising activities, and investor and public relations
services. As consideration, each of McSen Realty and Promise
Logistics agreed to pay the Company a fixed consulting fee of
US$1 million, to be paid in
installments subject to certain conditions. The two Agreements
totaled to US$2 million.
Mr. Pishan Chi, the Chief Executive Officer of the Company,
commented, "We are very excited that we signed the Agreements with
McSen Realty and Promise Logistics, two local companies, only three
months after the establishment of our U.S. headquarters. Entering
into the U.S. capital market is an important milestone for McSen
Realty and Promise Logistics, indicating that McSen Realty and
Promise Logistics will be in position for better development
prospects and growth opportunities. We expect that McSen Realty and
Promise Logistics will enhance its brand awareness and credibility
in the industry, accumulating trust from customers and investors.
In this engagement, we will do our best to help McSen Realty and
Promise Logistics go public and to provide guidance on their
potential listing and further development."
About McSen Realty Corp.
McSen Realty Corp.("McSen Realty") is the largest real estate
brokerage in Irvine, California.
McSen Realty provides commercial real estate and financial services
including Commercial Real Estate, Residential Real Estate, Fund
Investment, Asset Management, Escrow, Real Estate Training School.
McSen's management team has many years of experience in real estate
which created strong relationships with all builders. For more
information, please visit: https://www.McSenRealtyrealty.com/.
About Promise Logistics Corp.
Established in 2005, Promise Logistics Corp.("Promise
Logistics") is a large inland logistics company with its own
warehouses and a large number of transportation fleets throughout
the United States. Promise
Logistics owns a nationwide fleet of 50 plus company-owned trucks
and 60 trailers and four warehouses located in Florence KY, Norcross GA, Delaware OH and City
of Industry, CA respectively in the U.S.
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.
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SOURCE ATIF Holdings Limited