LAKE
FOREST, Calif., March 21,
2023 /PRNewswire/ -- ATIF Holdings Limited (NASDAQ:
ATIF), hereafter referred to as "the Company" or "ATIF," is pleased
to announce its first-quarter financial report, which showed growth
in the first quarter. As the pandemic subsides, our net revenue has
significantly increased to $0.8
million in the second quarter of this year (November 1, 2022, to January 31, 2023) from a net loss of $1.3 million for the same period last year
(November 1, 2021, to January 31, 2022).
Our success is largely due to our strategic transformation, as
we have gradually shifted our main business to the North American
region, with the US market becoming our primary service market. As
our US business continues to expand, it has driven the high- growth
of our IPO consulting business, and we are pleased to see our scale
effect gradually becoming apparent.
Jun Liu, President, Chairman of
the Board, and CEO of ATIF, commented: "Over the past quarter, we
have actively responded to various changes in the macroeconomic
environment and continuously strengthened our ability to create
value for customers, always focusing on long-term strategies."
About ATIF
ATIF Holdings Limited (NASDAQ: ATIF) is a Lake Forest-based business consulting company
that specializes in providing professional IPO, M&A advisory,
and post-IPO compliance services to small and medium-sized
companies seeking to go public on a stock exchange in the United States. The company has a proven
track record in successfully delivering comprehensive U.S. IPO
consulting services to clients primarily in the United States but also internationally.
The mission of ATIF is to provide one-stop, comprehensive
consulting services that guide clients through the complex and
often challenging process of going public. ATIF recognizes the
complexity and challenges associated with the process of going
public, and endeavors to simplify it while ensuring optimal
outcomes for its clients through its comprehensive consulting
services. ATIF has been awarded the "Golden Bauhinia Award", the
highest award in the financial and securities industry in
Hong Kong, for "Top 10 Best Listed
Companies".
Forward-Looking Statements
Certain statements in this press 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, "estimated," "projected," Words
such as "expect", "anticipate", "predict", "plan", "intend",
"believe", "seek", "may", "will", "should", "future", "propose" and
variations of these words or similar expressions (or the opposite
of such words or expressions) are intended to identify
forward-looking statements. These forward-looking statements do not
guarantee 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 and may cause actual results or achievements to differ
materially from those discussed in the forward-looking statements.
Important factors include future financial and operating results,
including revenues, income, expenses, cash balances and other
financial items; Ability to manage growth and expansion; Current
and future economic and political conditions; The ability to
compete in industries with low barriers to entry; The ability to
obtain additional financing to fund capital expenditure in the
future. Ability to attract new customers and further enhance brand
awareness; Ability to hire and retain qualified management and key
staff; Trends and competition in the financial advisory services
industry; Pandemic or epidemic disease; Except as required by law,
the Company undertakes no obligation to update forward-looking
statements to reflect subsequent occurring events or circumstances,
or changes in its expectations. Although the Company believes that
the expectations expressed in these forward-looking statements are
reasonable, the Company 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 expected results
expressed or implied by the forward-looking statements we make. You
should not interpret forward-looking statements as predictions of
future events. Forward-looking statements represent only the
beliefs and assumptions of our management as of the date such
statements are made. The above forward-looking statements are made
as of the date of this press release.
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SOURCE ATIF Holdings Limited