IRVINE, Calif., March
15, 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 announced it has made a strategic investment
in iDea Electronics ("iDea"), a leading consumer technology
innovator that delivers a broad range of consumer electronics and
home environment products. ATIF now holds a 15% equity stake in
iDea and is providing comprehensive IPO Advisory services to iDea
as it prepares for an initial public offering (IPO) in 2022.
"One of our primary goals in developing strategic relationships
with technology innovators is to help guide them in taking their
companies to the next level, whether it's through positioning for
an initial public offering, or providing strategic growth capital
to scale the business," commented Jun
Liu, President, Chairman of the Board and CEO of ATIF. "iDea
Electronics has done a terrific job in standing out within a
crowded consumer electronics marketplace, innovating, and creating
elegant technologies that serve important day-to-day purposes,
while committing to design environmentally friendly products."
Founded in 2016, iDea's mission is to take green energy to all
families. iDea's power storage technologies have already achieved
commercial success in the U.S. market because of their quality
design, long life, and environmentally friendly
uses.
In just five years, iDea Electronics has built strong
recognition for its brand "iDeaPLAY." iDea has gained momentum
towards its goal of becoming a national, household brand through
forming sales channel partnerships with national TV shopping
channels HSN, QVC, and ShopHQ to reach well over 100 million
viewers. Coupled with online marketing with global leading
retailers such as Amazon, Walmart, HSN, QVC, ShopHQ, Brookstone,
Sharper Image, Dunhams Sports, and others retailers and more to
come onboard have helped iDea Electronics with its brand
recognition.
"I admire iDea Electronics' management team and what they have
built, which presents several interesting commercial opportunities,
including their power bank and power station technologies. In
addition, iDea's sales channel and partners are all global,
household names that practically everyone knows. We look forward to
following iDea Electronics' progress, both as an advisor and an
investor, as they pursue their IPO later in 2022," concluded Mr.
Liu.
About iDea Electronics Inc.
Idea Electronics Inc. is a market leader delivering audio,
digital video power, outdoor & sports equipment, small kitchen
appliances, and home textiles for a broad range of consumer
electronics and home environments products. Designed in
Southern California and sold in
North America, Idea Electronic
creates products that empower people through technology, whether at
home or on a new adventure. For more information, please
visit www.ideausa.com.
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; 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.
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