ATIF Provides IPO Advisory Service for Solarever and Holds
a 5.25% Stake Through Investment Agreement
IRVINE,
Calif., Sept. 14, 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
leading renewable energy company, made its presence by introducing
its electric vehicle brand SEV (the "SEV"), its energy storage
product Solarever ESS, and its North American-made photovoltaic
(PV) modules Solarever USA at
Intersolar Mexico 2022 (the "Event") in early September, where
its products received considerable attention and achieved very
positive progress.
SEV, currently the only local renewable vehicle brand in
Mexico that has been granted
electric vehicle safety certification and has certification to
import & sell EVs in Mexico,
and made a big splash at the Event. SEV signed cooperation
agreements with several well-known Mexican automobile distributors
such as GRUPO CRUCES, GRUPO VAMSA,
GRUPO FARRERA, GRUPO SURMA at the Event. Through
cooperation agreements, SEV's EV stores will cover multiple cities
in Mexico, including Mexico City, Mexico State, Tabasco,
Merida, Cancun, Tijuana, Monterrey, Campeche, Chiapas, etc.
Solarever's North American-made photovoltaic (PV) modules
Solarever USA also gained great
exposure and attention at the Event. Solarever has PV design
facility in Chino, California, and
warehouse facilities in Laredo,
Texas, and San Diego,
California. In the Event, Solarever indicated that the
demand for PV modules and energy storage products in U.S. is
growing strongly due to the impact of IRA Act. Solarever's current PV module
capacity is much too limited to meet the huge orders from
North America and is actively
expanding its capacity to meet the market demand.
Jun Liu, President,
Chairman of the Board, and CEO of ATIF, commented, "We are very
pleased to see the popularity of Solarever's brands at the Event.
The strong market reception of Solarever's products demonstrates
that it has good products, an excellent team and promising market
potential, which lays a very solid foundation for its future IPO.
We look forward to having Solarever's products capture more market
share in North America and
Mexico in the future, and to
benefiting our shareholders in its future IPO in the near
future."
About Solarever Ltd.
Solarever Ltd. ("Solarever") is a high-tech enterprise
headquartered in the United
States, with manufacturing base in Mexico, integrating R&D, design,
manufacturing and sales of PV modules, energy storage products, new
energy vehicles and charging piles. Solarever provides
zero-emission system solutions and a virtual power plant platform
for the energy internet. For more information, please
visit Solarever USA at https://solareverusa.com/ and
Solarever Mexico at https://solarever.com.mx/.
About ATIF Holdings Limited
ATIF Holdings Limited ("ATIF") is a holding group with business
consulting, asset management, and investment businesses, with
offices 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 United States. 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