Shenzhen, China, July 06, 2020 (GLOBE NEWSWIRE) — ATIF Holdings Limited (Nasdaq: ATIF, the “Company”), a company providing business consulting services and multimedia services in Asia, today announced that its new headquarters in Los Angeles started operation on July 1, 2020 as the Company set out to explore the North America market.
Establishing a global headquarters in the United States is in line with ATIF’s international development and geographic expansion strategies. The Company has always focused on expanding the market, forming diversified business structure and seeking new growth points.The new headquarters in Los Angeles will enable the Company have access to more U.S. capital market resources, gather more information in a timely manner, and reach more investors.Previously, ATIF has headquarters in both Shenzhen and Hong Kong. Adding a new headquarters in the west coast of the United States represents the Company has the advantage of exchanging capital markets information among mainland China, Hong Kong and the United States, thus serving its clients more effectively and better assisting them to go public on a U.S. stock exchange.Mr. Jun Liu, CEO and Director of ATIF, commented, “Many U.S. companies are facing the difficulty of financing because of COVID-19, and their demand for public listing and financing continues increasing. To address this market demand, we established our headquarters in the United States during this period, focusing on providing U.S. companies with comprehensive listing consulting services and helping them overcome the current difficulties caused by COVID-19.”About ATIF Holdings LimitedHeadquartered in Shenzhen, China, ATIF Holdings Limited (“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 also provides multimedia services and is engaged in three major businesses including multi-channel advertising, event planning and execution, film and TV program production and movie theater operations. 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/.Forward-Looking StatementsCertain 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 guarantees 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 continue to operate through our VIE structure; ability to obtain additional financing in the future to fund capital expenditures; ability to attract new 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; 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.For more information, please contact Investor Relations at:Ascent Investor Relations LLC
Tina Xiao, President
Phone: 917-609-0333
Email: [email protected]

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