LOS ANGELES, Calif., Jan. 4, 2021 /PRNewswire/ — ATIF Holdings Limited (Nasdaq: ATIF, the “Team”, “ATIF” or “we”), a company offering business enterprise consulting and multimedia services in Asia and North The us, today declared that it formally relocated its running headquarter to California, Usa, and launching new enterprise product with three sectors: asset management, financial investment holding and media services, to grow the group’s enterprise with a versatile organization notion that is anticipated to carry higher development revenue and powerful revenue expansion.
ATIF Inc., a wholly owned subsidiary of ATIF (“ATIF Inc.”) has been incorporated in California on October 2020 as ATIF’s new functioning headquarters. It was perfectly gained by purchasers in the United States, and have by now secured 4 California based mostly customers for IPO consulting products and services since its inception totaled to US$4 million agreement total in aggregate. Clientele situated within just United States will be serviced by ATIF Inc. from its California headquarter, although shoppers exterior United Point out will be supported by ATIF Inc.’s organization centers abroad. Huaya Consultant (Shenzhen) Co., Ltd., a wholly owned subsidiary of ATIF, will serve as ATIF Inc.’s company heart in PRC for consumers positioned in the PRC. To streamline the management chain and to increase management command with lower prices, the Team terminated the agreements pertaining to the services offered by Qianhai Asia Instances (Shenzhen) Global Economical Products and services Co., Ltd. Currently, the Team is in dialogue with other small business organizations to collaborate with, leveraging their means to support the Group as the Group’s organization centers in other jurisdictions. The Group thinks that this streamlined management design and strategic partnership system is in line with the recent quick-shifting and competitive enterprise surroundings and will give the Group with solid expansion capacity.
Launch of three big sectors, asset administration, investment decision holding and media solutions
Asset administration sector is a brand-new phase added to the Group. In 2020, the Team fashioned an asset management team with collection 65 securities licenses and started out to commit on securities in January 2020. Based mostly on the asset administration team’s exclusive portfolio strategies and correct judgment to the industry, the securities investment sector has yielded an ideal return for the Team. The Group designs to officially start its securities financial investment business after it has received the asset management qualification from FINRA in January 2021. Also, the Group is in system to sign-up with SEC for financial commitment advisory, which is anticipated to be accomplished by the initially quarter of 2021. The Team is also in the midst of setting up a private fund, which is anticipated to give equity investments and expense advisory providers in the U.S. stock marketplace. In the potential, ATIF anticipates the asset management enterprise will generate sustainable and secure fund management rate revenue and large return general performance bonus revenue for the Team.
The investment decision holding sector will optimize the current heading general public consulting services by switching the assistance fee from cash remuneration to equity remuneration rather. The Team understands that start-ups have liquidity issues and this remedy will assist incubating begin-ups and deliver increased return prospects for the Team, bringing a acquire-win problem for equally the Group and its purchasers. The media services sector will fortify the current media expert services to offer community and investor relations services to businesses and likely public advisory customers in China. The Group’s business centre in PRC has deep media relations and professional capital market functions, and is equipped to deliver extensive investor relations solutions and domestic media marketing providers to US-outlined Chinese providers.
Mr. Pishan Chi, Chief Government Officer and Director of ATIF, commented, “We are really pleased with the establishment of our California headquarters. Due to the fact our IPO in Could 2019, we have been discovering and experimenting with our company running product and in the end identified that a streamlined functioning product will significantly strengthen the Group’s management efficiency and give us a lot more energy to believe and build a extra comprehensive, timely, and efficient small business and assistance framework for our clients. We be expecting that the new California headquarters and the freshly optimized strategic enterprise model will deliver a fresh new start out and a sturdy long run for ATIF.”
Mr. Liu Jun, Chairman of the Board and President of ATIF, included: “This new small business addition and strategic transformation of ATIF is a bold judgment and beneficial measure designed by the Group’s management in reaction to the speedy-earlier and ever-modifying company atmosphere in the U.S. money market place in a well timed way. In the deal with of the massive issues posed by the 2020 epidemic, we have fully commited a lot of inner evaluation and adjustment considerations and designed careful forecasts of the upcoming cash market and business setting. We consider that this new business enterprise addition and transformation is not only a significant step for ATIF to shift toward worldwide small business, but also a new chance for ATIF. We anticipate that the new organization sectors and business enterprise portfolio will deliver diversified earnings to the Team and sustainable high progress earnings to our shareholders.”
About ATIF Holdings Limited
Headquartered in Los Angeles, California, ATIF Holdings Limited (“ATIF”) is a holding team with asset administration, expense holding and multimedia sectors and offer company consulting expert services to small and medium-sized enterprises in Asia and North The usa, like going community consulting companies, international organization setting up and consulting solutions, and monetary media solutions. ATIF operates an world wide web-centered economic consulting services platform IPOEX.com, which provides prestige membership providers together with on-line capital market data, pre-IPO education and matchmaking solutions in between SMEs and funding institutions. ATIF has advised several enterprises in China in their designs to come to be publicly shown in the U.S. Through its majority-owned subsidiary, Leaping Team Co., Ltd., ATIF also offers multimedia services and is engaged in 3 big enterprises, which include multi-channel marketing, event arranging and execution, film and Television set program production and film theater operations. ATIF operates the largest pre-motion picture advertising and marketing network in Heilongjiang Province and Liaoning Province of China and also gives advertising and marketing solutions in elevators and supermarkets. ATIF is frequently hired to prepare each on the web and offline marketing campaigns and to generate linked advertising and marketing content. In addition, ATIF invests in films and Tv systems and distributes them in motion picture theaters or by way of on the net platforms. For a lot more information and facts, make sure you visit https://ir.atifchina.com/.
Specified statements produced in this launch are “ahead searching statements” within the that means of the “secure harbor” provisions of the United States Personal Securities Litigation Reform Act of 1995. When made use of in this press release, the phrases “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “strategies,” “intends,” “believes,” “seeks,” “might,” “will,” “should,” “long run,” “propose” and variations of these words or related expressions (or the detrimental versions of these text or expressions) are supposed to discover ahead-seeking statements. These ahead-seeking statements are not guarantee of long run functionality, problems or final results, and require a selection of known and not known challenges, uncertainties, assumptions and other significant components, several of which are outside the house the Company’s manage, that could induce genuine results or results to vary materially from those people discussed in the ahead-seeking statements. Critical things, among the many others, are: foreseeable future economic and working effects, including revenues, earnings, expenses, income balances and other fiscal goods capacity to take care of development and expansion present and long term economic and political conditions ability to contend in an marketplace with reduced barriers to entry skill to carry on to run by means of our VIE composition ability to acquire added financing in the potential to fund funds expenditures means to bring in new customers and further more greatly enhance manufacturer recognition means to employ the service of and keep experienced management personnel and key staff members trends and level of competition in the monetary consulting products and services sector a pandemic or epidemic and other elements listed in the Company’s once-a-year report on Form 20-F and other documents filed with the Securities and Exchange Commission. The Firm undertakes no obligation to update ahead-looking statements to replicate subsequent occurring functions or instances, or modifications in its anticipations, besides as may possibly be required by regulation. Whilst the Company believes that the expectations expressed in these ahead-hunting statements are acceptable, it are unable to guarantee you that these kinds of anticipations will switch out to be correct, and the Enterprise cautions you that actual effects could differ materially from the anticipated benefits expressed or implied by the ahead-searching statements we make. You need to not rely upon forward-seeking statements as predictions of upcoming gatherings. Forward-looking statements characterize our management’s beliefs and assumptions only as of the day these statements are manufactured. These forward-wanting statements are built as of the date of this news release.
Source ATIF Holdings Restricted