IRVINE,
Calif., Aug. 10, 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 rapid growth in its
recent electric vehicle orders. Based on the investment agreement
between Solarever and the Company, ATIF holds a 5.25% equity
stake in Solarever.
The high climb in global crude oil prices this year has led to a
subsequent spike in the price of gas, creating a strong consumer
interest in electric vehicles. According to the American Automobile
Association ("AAA"), the state gas price averages in U.S. is
$4.07/gallon on August 7, 2022, an increase of 27.6% from
$3.19/gallon on the prior year's
August 7, and regular gas prices in
California and Hawaii are over $5.00/gallon. According to AAA's latest consumer
survey revealed on July 13, 2022, one
quarter of Americans say they are likely to buy an electric vehicle
(powered entirely by electricity, i.e., not a hybrid) for their
next vehicle purchase, with millennials leading the way (30%). The
common factor among those who want to buy an electric vehicle is a
strong desire to save on fuel costs, with 77 percent citing this as
the top reason for interest.
Solarever is the leading designer and manufacturer of solar
products in Mexico, including
photovoltaics (PV) panels, energy storage systems, electric
vehicles (EV), and other zero-emission solutions operating in solar
and electric vehicle sectors. Solarever is the first and currently
only domestic electric vehicle company in Mexico that has been granted electric vehicle
safety certification and an EV dealer's license. Solarever launched
its first EV, the SEV e-Wan in 2022 which has
garnered sizable customer interest and purchase orders in
Mexico. The SEV e-Wan starts at
$14,500.
Jun Liu, President,
Chairman of the Board, and CEO of ATIF, commented, "We highly
believe in Solarever's growth potential, based on our strong view
of the future of the sustainable energy industry. Solarever is one
of the leading players in the solar PV industry and is also active
in the electric vehicle industry, which has significant growth
potential. According to the International Energy Agency (IEA), EV
makers plowed through rising prices and broken supply chains to
sell 6.6 million electric vehicles in 2021, doubling global sales
and tripling the EV market share in just two years. From what we
understand, Solarever's recent electric vehicle sales have been
brisk and purchase orders are growing rapidly! At the same time,
Solarever's IPO process is steadily progressing and we are very
excited to see the high returns that this investment will enable us
and our shareholders to achieve in its future IPO."
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