LOS
ANGELES, Aug. 8, 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, is pleased to announce
that the Company's IPO advisory services client and investment
holding in Solarever Ltd.("Solarever"), a Mexican solar energy and
electric vehicle company, has seen a surge in business sales
recently. Under the terms of the
agreement signed between the Company and Solarever in the second
quarter of 2022, ATIF holds a 5.25% equity stake in Solarever.
Since February 2022, global crude
oil prices have soared amid increased global demand and due to
supply concerns, making the clean energy industry, especially
solar, more compelling. Global crude oil prices exceeded
$100 per barrel in mid-May 2022 for the first time since 2014. Some
energy industry analysts say higher global crude oil, natural gas
and electricity prices could potentially be a longer-term catalyst
for acceleration of development of renewable energy capacity
globally across a variety of technologies including solar, wind and
green hydrogen.
Solarever is the leading designer and manufacturer of solar
products in Mexico,
owns Latin America's largest solar panel manufacturing
plant in Tecoman, Colima,
Mexico, and has a total of three plants
in Mexico that are considered some of the largest
in Latin America. Solarever has PV design facility
in Chino, California, and
warehouse facilities in Laredo, Texas, and San Diego, California. In addition,
Solarever launched its first EV in 2022 and is
licensed to sell EVs in Mexico.
Jun Liu, President,
Chairman of the Board, and CEO of ATIF, commented, "We saw the huge
potential of the solar PV industry when we provided IPO advisory
services to Solarever and took the opportunity to make a investment
in Solarever before its IPO. We are very excited to hear good news
from Solarever that its sales have dramatically increased! This is
probably due to the recent surge in the price of crude oil, natural
gas and other energy sources, which has led to a strong demand for
clean energy such as solar energy. We are very pleased with
Solarever's growth and look forward to a higher level of
growth."
About ATIF Holdings Limited
ATIF Holdings Limited ("ATIF") is a Los Angeles-based comprehensive financial
group with wholly owned and operated subsidiaries: ATIF-1 hedge
funds company, ATIF equity investing company, ATIF IPO advisory
company, and the integrated financial services network platform
www.IPOEX.com. ATIF is dedicated to providing international
asset securitization services, as well as equity investment and
asset management services to companies around the world. 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/
For more information about NFTDPO, our NFT service division,
please visit https://nftdpo.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; the
occurrence of any event, change or other circumstances that could
affect the Company's ability to continue successful development and
launch of its NFT collection; the possibility that the Company may
not succeed in developing its NFT platform and business due to,
among other things, changes in the business environment,
competition, changes in governmental regulation, or other economic
and policy factors; the ability of the Company to continue
compliance with the development of applicable regulatory
regulations in connection with blockchain, digital assets and the
NFT industry; the possibility that the Company's ongoing NFT
services may be adversely affected by other economic, business,
and/or competitive factors; 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