LOS ANGELES, March 17, 2021 /PRNewswire/ -- ATIF Holdings
Limited (Nasdaq: ATIF, "ATIF" or "We"), a holding group providing
business and financial consulting in Asia and North
America, has initiated research on the development of
blockchain technology in the financial sector in China to strengthen ATIF's expertise and
further our preliminary exploration in the Fintech industry.
Blockchain technology developed at a rapid pace in China during the first half of 2020. According
to The Current Status and Prospects of China's Blockchain Development in First Half
2020 published by China Center for Information Industry
Development, a total of 8,129 new blockchain-related companies were
registered in the first half of 2020 in China, accounting for 20.3% of the total
number of blockchain companies. Blockchain-related companies in
China have captured the attention
of U.S. investors. By the end of 2020, there are approximately 15
blockchain concept Chinese public companies in the U.S. with four
listed in the most recent two years which include cryptocurrency
mining companies related to Bitcoin and Ethereum.
In recent years, China's
blockchain technology in the financial sector developed
exponentially, specifically in the enterprise blockchain genre.
Studies show that the primary distribution of enterprise blockchain
is in the financial space related to securities, corporate finance,
digital currency, asset management and etc., accounting for up to
18% in the first half of 2020.
"Through our initial study on blockchain, we recognize that
implementation of this technology is most prevalent in the finance
industry boasting the most projects and successful practices." said
Pishan Chi, Chief Executive Officer and Director of ATIF, "We
believe that development and application of blockchain technology
in finance can help companies reduce risk control costs and solve
financing challenges in more effective ways. We expect our research
to create incremental value to our business development, and more
importantly, initiate our exploration of the Fintech field."
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 with overseas business centers in
Hong Kong and Shenzhen, China to support its global
services. ATIF mainly provides IPO
Advisory Services to small and medium-sized enterprises in
Asia and North America. ATIF also 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 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 Q2 2021. ATIF was awarded the "Top 10 Best
Listed Companies 2019" from the "Golden Bauhinia Award", the
highest award in Hong Kong's
financial and securities industry. 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