IRVINE, Calif.,
March 8, 2022 /PRNewswire/ -- ATIF
Holdings Limited (Nasdaq: ATIF, the "Company," "ATIF" or "We"), a
holding group providing business and financial consulting services
in Asia and North America, today issued a letter to
shareholders from Jun Liu,
President, Chairman of the Board, and CEO of ATIF.
Dear Shareholders,
Thank you for your continued support of ATIF. We are excited to
see that our work thus far has set the stage for multiple pathways
to increase shareholder value in 2022 and beyond. I write to you
today as excited about our future as I have been since our
inception in 2015.
The last two years have provided evident challenges. However,
during this time, we have been very active behind the scenes to
fully upgrade IPOEX.com, our internet-based financial information
service platform, to be a comprehensive platform consisting of
equity crowdfunding and asset securitization functions. Supporting
our growth initiatives, we have built a strong technical
development and network intelligence team, which will be the core
building blocks in enhancing IPOEX.com to provide a diverse suite
of financial services to SMEs.
From day one, ATIF has been committed to providing outstanding
companies in the Asia Pacific
region with leading consulting and financing services to access
the United States capital markets,
and we have achieved great success. We successfully debuted on the
NASDAQ in 2019, and in February of 2021, we formally established
our U.S.-based private fund.
Today we are well-positioned to move forward and take full
advantage of the opportunities that lie before us now. Our optimism
is based on our proven model of supporting dynamic companies in
growing their businesses and accessing the capital markets. We are
confident that the initiatives below will enable ATIF to return to
growth for our operating business and deliver value to our loyal
shareholders.
Our growth strategy for 2022 will focus on strengthening each of
our core businesses:
IPO Advisory Services
We anticipate our IPO Advisory Services business will gradually
shift from Asia to North America in 2022, with the U.S. market as
the main service market in the future. We plan to organize
financial forums in various cities in the U.S., together with local
chambers of commerce and leading influential business
organizations. These events will help ATIF identify potential SME
candidates while promoting our services and growing a following in
the U.S.
We have signed a new company client that we intend to work to
list on a U.S. stock exchange in 2022, which is a consumer product
company in the battery storage/portable power industry, leveraging
its manufacturing capacity and strong product success towards
expanding into large-scale power systems for the home. And we are
also in discussion with four other companies which is including one
leading solar photovoltaic (PV) panel systems manufacturer that's
developing technologies that will be key towards a revolution in
energy transmission, storage, and charging.
Equity Crowdfunding Platform
Our goal is to launch our Equity Crowdfunding Platform as the
first in the U.S. to be operated by a Nasdaq-listed company.
The platform is designed to provide a safe and dynamic marketplace
between high-quality companies and investors eager to invest in the
earlier stages of a company's development. For ATIF, our platform
dovetails with our long-stated goal of helping companies access the
capital markets and provides us the opportunity to closely examine
companies that can be IPO candidates in the future. At the same
time, we hope to grow our brand recognition within the investor
community as a resource for attractive investment
opportunities.
ATIF-1 Hedge Fund
We established the ATIF-1 Hedge Fund in February 2021.We deploy
an investment strategy involving directional long and short
investments in equity securities, primarily issued by U.S.
large-capitalization companies and American Depositary Receipts
(ADRs) related to Chinese companies of various sizes, including
private companies., I have full confidence that we can grow our
fund to generate attractive returns for ATIF-1 investors, including
ATIF.
Digital Asset Platform Service
The premise of our Digital Asset Platform Service is to leverage
our knowledgeable technical staff and its technology stack to cater
to the wildly popular non-fungible token (NFT) market. Our goals
are to provide companies and developers of digital assets like NFTs
and digital currencies a platform to issue and launch their
products while providing back-office technical support. Currently,
ATIF is seeking business cooperation opportunities with well-known
digital currency exchanges and NFT exchanges. Meanwhile, our NFT
trading platform has entered Beta testing, and the reliability,
security, functionality, and usability of the platform have made
significant progress. We anticipate that our Digital Asset Platform
will be embedded into the IPOEX.com portal, ready for launch later
this year.
Investment Banking
The natural progression towards ATIF providing a one-stop-shop
for SMEs accessing the U.S. capital markets is becoming a
full-fledged investment bank. We have begun the exploratory work
with the Securities and Exchange Commission (SEC) for licensure
while recruiting for key positions within the bank. We anticipate
that the investment banking business will be established primarily
as an online securities dealer, with the possibility of associating
it with our equity crowdfunding platform and digital asset
platform service. While this segment of our business will likely be
more active in 2023, I wanted to convey its development and
importance along with our other core businesses.
Conclusion
In closing, we believe that these core businesses will only
enhance our business model. Access to capital is a crucial driver
for growth in any company; together with providing practical and
effective counsel, we aim to deliver the best, most effective
service to our SME clients. We are very excited to see the progress
made with the IPOEX platform in 2022. I expect that the IPOEX
platform will provide multi-dimensional data and vital financial
services to our clients, which will propel the IPOEX platform into
a strong and influential brand in the future.
Despite the current market turbulence, we view 2022 as a year
for optimism at ATIF. I look forward to working with my team to
execute our business strategy with significant growth potential. We
look forward to embarking on these important initiatives, and we
thank you for your continued support.
Sincerely,
Jun Liu
President, Chairman of the Board, and CEO of ATIF
About ATIF Holdings Limited
ATIF Holdings Limited ("ATIF") is a holding group with business
consulting, asset management and investment business with business
centers located in Los Angeles,
California, Hong Kong, and
Shenzhen, China. ATIF mainly
provides IPO Advisory Services to small and medium-sized
enterprises in Asia and
North America. ATIF has advised
several enterprises in China in
their plans to become publicly listed in the U.S. 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 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; the occurrence of any event, change or other
circumstances that could affect the Company's ability to continue
successful development and launch of its expanded IPOEX platform,
its Digital Asset Platform Service, and/or its investment banking
services; the possibility that the Company may not succeed in
developing its new lines of businesses due to, among other things,
changes in the business environment, competition, changes in
regulation, or other economic and policy factors;, the possibility
that the Company's new lines of business may be adversely affected
by other economic, business, and/or competitive factors; and other
factors, risks and uncertainties set forth in the documents filed
by the Company with the Securities and Exchange Commission from
time to time, including the Company's annual report on Form 20-F
filed with the SEC on December 9,
2021. 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.
For investor and media inquiries, please contact:
In China:
ATIF Holdings Limited
Anna Huang
Tel: +86-139-2726-7157
Email: anna@atifchina.com
In the United States:
Strategic Investor Relations, LLC
Matthew Abenante,
IRC
President
Tel: 646-828-8710
Email: matthew@strategic-ir.com
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SOURCE ATIF Holdings Limited