ATIF's Investment in Mexican Leading Renewable Energy Company Presents at Intersolar Mexico 2022, Signs Cooperation Agreements with Several Distributors
ATIF Holdings Limited (Nasdaq: ATIF) has announced its IPO advisory service for Solarever Ltd., a leading renewable energy company in Mexico, in which ATIF holds a 5.25% stake. At the Intersolar Mexico 2022 event, Solarever launched its electric vehicle brand, SEV, and showcased its energy storage product, Solarever ESS. SEV is the only local brand in Mexico with electric vehicle safety certification. The demand for Solarever's photovoltaic modules in North America is surging due to the IRA Act, prompting plans for capacity expansion.
- ATIF holds a 5.25% stake in Solarever, enhancing its investment portfolio.
- Solarever launched its electric vehicle brand SEV at Intersolar Mexico, generating significant attention.
- SEV signed cooperation agreements with multiple Mexican automobile distributors, expanding market reach.
- Solarever's PV modules received positive recognition, indicating potential for strong demand growth.
- The IRA Act is driving increased demand for renewable energy products in North America.
- Solarever's current PV module capacity is insufficient to meet rising demand in North America.
ATIF Provides IPO Advisory Service for Solarever and Holds a
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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