LOS ANGELES, Nov. 2, 2020 /PRNewswire/ -- ATIF Holdings
Limited (Nasdaq: ATIF, the "Company" or "ATIF"), a company
providing business consulting and multimedia services in
Asia and North America, today
announced that it has signed a $1
million consulting agreement with locally based firm Qudrant
Creation Inc. ("Qudrant Creation"). With this new agreement,
notably the Company has secured contracts worth $4 million in total in October this year.
Pursuant to the Agreement, the Company will serve as financial
advisor for Qudrant Creation's IPO plan, to help design and plan
its strategies, connect it to financing channels, and manage its
public and investor relations.
Since the Company set up its subsidiary in the US, it has
realized the strong demand in the local corporations for exchange
listing consulting services. The NASDAQ market had over 20
companies listed in October, evidencing the market is very active.
Via market surveys the Company noticed the small and medium-sized
enterprises are under-served as focus are often on the mega
international companies. As such, the Company is well position to
capital this immerse market opportunity and to provide professional
consulting services to assist the small and medium-sized
enterprises to achieve their listing plan.
Within the month of October, the Company has signed consulting
agreements with four local firms, which sufficiently shows that the
Company's brand, resources and management team are all well
received by its clients whom also have great trust in its
professional services.
About Qudrant Creation Inc.
Qudrant Creation is engaged in the research and development of
atomizer in the US. Its multi-functioned products could be applied
to disperse smoke of electronic cigarette, for healthcare, leisure
and many other scenarios. It also relies on immense cloud-based
data service platform to monitor usage of its products to ensure
safety. Qudrant Creation sells its products in the U.S. and Asian
regions and is expecting exponential sales growth this year. It
plans to complete listing on U.S. exchanges in the middle of
2021.
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 and
North America, 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.
View original
content:http://www.prnewswire.com/news-releases/atif-holdings-limited-secures-consulting-agreement-with-qudrant-creation-inc-aggregated-agreements-signed-totaled-to-4-million-in-october-2020-301164622.html
SOURCE ATIF Holdings Limited