Shenzhen, China, May 01, 2020 (GLOBE NEWSWIRE) — ATIF Holdings Limited (NASDAQ: ATIF), a company providing business consulting service and multimedia service in Asia, today announced its majority-owned subsidiary, Leaping Group Co., Ltd.(“LGC”), has signed a contract with Liaoning Maitian Picture(“Maitian”), a production and distribution company for video dramas, feature films, micro-films, and network dramas, to launch a movie “The Moment of Victory” (the “Movie”). ATIF expected US$2 million revenue from contract fee, as estimated from Maitian.
The Movie was invested by LGC and will be released online in June 2020 through iQIYI, Inc’s platform. The Movie invited well-known domestic and Hong Kong actors such as Zhao Yanguo Zhang, Zeng Jiang, and Du Yuming. Based on the true story of Mr. Ma Honggang, a well-known Chinese gambler, the Movie will become the first anti-gambling movie in China.Mr. Tao Jiang, CEO of LGC, commented, “We are excited to share this news of launching a new movie in June. In addition to the upcoming movie ‘Moment of Victory’, we will have two more movies to be released by the end of this year. In the future, we expect to create long term value to our investors through increasing film and television content production, distribution, and purchasing foreign movie copyrights.”About ATIF Holdings LimitedHeadquartered in Shenzhen, China, ATIF is a company providing business consulting services to small and medium-sized enterprises in Asia including going public consulting services, international business planning and consulting services, and financial media services. ATIF has advised several enterprises in China in their plans to become publicly listed in the U.S. Through its majority-owned subsidiary, Leaping Group Co., Ltd., ATIF is also providing multimedia services and engaged in three major businesses including multi-channel advertising, event planning and execution, film and TV program production and movie theater operation. ATIF operates the largest pre-movie advertising network in Heilongjiang Province and Liaoning Province of China and also provides advertising services in elevators and supermarkets. ATIF is often hired to plan both online and offline advertising campaigns and produce related advertising materials. In addition, ATIF invests in films and TV programs and distributes them in movie theaters or through online platforms. For more information, please visit https://ir.atifchina.com/.
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