IRVINE, Calif., March
30, 2022 /PRNewswire/ -- ATIF Holdings Limited (Nasdaq: ATIF,
the "Company," "ATIF" or "We"), a holding company providing
business and financial consulting services in Asia and North
America, today announced that it has been retained by a
technology innovation company (the "Client") based in Hangzhou, China, for consulting and IPO
Advisory services. The total contract value is US$1.27 million of which we have received the
first installment payment in the amount of $381,000.
The Client is in the business of providing design, development,
construction, and operation services in connection with urban smart
parking, parking lot renovation, and Internet of Things (IoT)
products. The Client plans to become a public company via an
initial public offering (IPO) or reverse takeover (RTO) by the end
of 2022.
Jun Liu, President,
Chairman of the Board, and CEO of ATIF commented, "Despite what's
been a tumultuous time in the world and capital markets, today's
contract win only validates that our focus on helping provide
quality business and strategic financial consulting to SMEs
continues to resonate today. We will provide this Client with a
wide array of business consulting services, including capital
market advisory for business planning and strategy development,
planning and fundraising activities, and providing investor and
public relations services as the Client approaches its debut in the
capital markets. Our services deliver critical value for our
clients with compelling yet capital-intensive businesses."
"It's a privilege to work with this dynamic Client to help guide
them to their next level of growth. The Client has already
developed a sizable track record of success. Their work spans more
than 40 cities and regions across China, building and operating more than 5,500
parking lots with more than 600,000 parking spaces."
"I look forward to supporting this Client reach their next goal
of being a publicly-traded company and sharing their future
developments." concluded Mr. Liu.
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/.
To learn more about IPOEX, our financial services platform,
please visit: https://www.ipoex.com/
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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, complete projects for 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