LOS ANGELES, Calif.,
Feb. 1, 2021 /PRNewswire/ -- ATIF
Holdings Limited (Nasdaq: ATIF, the "Company"), a holding
group providing business and financial consulting in
Asia and North America, today announced it received
notification from the Listing Qualifications Department of The
Nasdaq Stock Market ("Nasdaq") that it has regained compliance with
the minimum bid price requirement of US$1.00 per share under the Nasdaq Listing Rules
(the "Listing Rules").
On January 28, 2021, Nasdaq
provided confirmation to the Company that for at least 10
consecutive business days, from January 12
to January 26, 2021, the closing bid price of the Company's
ordinary shares has been at $1.00 per
share or greater. Accordingly, the Company has regained compliance
with Listing Rule 5550(a)(2) and this matter is now closed.
About ATIF Holdings Limited
Headquartered in Los Angeles,
California, ATIF Holdings Limited ("ATIF") is a holding
group with asset management, investment holding and online
financial information business and provide business consulting
services to small and medium-sized enterprises in Asia and North America. ATIF operates an
internet-based financial information service platform
IPOEX.com, which provides prestige membership services including
market information, pre-IPO education, IR media and
matchmaking services between SMEs and financing
institutions. ATIF's investment holding business is to
provide going public consulting, M&A consulting
and financial consulting services to SMEs. ATIF has
advised several enterprises in China in their plans to become publicly listed
in the U.S. ATIF plans to launch securities investment service
and investment advisory in Q1 2021. 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