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ATIF Holdings Limited (NASDAQ: ATIF) is a prominent business consulting firm headquartered in Lake Forest, California. The company operates primarily as a holding entity, providing a wide range of financial planning and investment advisory services to small and medium-sized enterprises (SMEs) in the United States and internationally. ATIF's core business revolves around delivering comprehensive consulting services, including asset allocation, financial management, capital restructuring, and training services, aimed at facilitating the growth and financial health of its clients.
ATIF Holdings has carved a niche in the financial consulting industry by specializing in pre-IPO and post-IPO advisory services. The company is dedicated to guiding SMEs through the intricate process of going public, ensuring streamlined operations, compliance, and optimal results. ATIF's consulting services portfolio is diversified, encompassing equity design, valuation analysis, and investor relations, among other strategic business solutions.
Recent achievements of ATIF Holdings highlight its commitment to excellence and client success. The company’s subsidiary, ATIF Business Management LLC, has recently entered into service agreements with notable entities such as Genehope Holdings and Rawrr, Inc. These partnerships underscore ATIF's proficiency in understanding and addressing the strategic needs of its clients, fostering high-quality development through capital market engagement.
ATIF's financial condition remains robust, with the company generating the majority of its revenue from the United States. The firm's strategic initiatives and service agreements have significantly bolstered its market position, enabling it to attract a diverse clientele and expand its service offerings. ATIF has been recognized with the
ATIF Holdings Limited (Nasdaq: ATIF) announced that its majority-owned subsidiary, Leaping Group Co., Ltd. (LGC), has fully resumed cinema operations in Northeast China as of August 5, 2020. With the reopening, LGC anticipates box office revenue exceeding $1 million in Q3 2020. The revival follows a gradual increase in ticket bookings since July, aided by government approvals for cinema operations. Several blockbuster films, including 'The Eight Hundred,' are set for release, promising significant growth in the second half of the year for ATIF and LGC's film-related segments.
ATIF Holdings Limited (Nasdaq: ATIF) has announced its support in combating the COVID-19 pandemic by donating 300,000 masks to New York City and Los Angeles. This initiative targets hospitals, government offices, and public security services amid the ongoing crisis. Additionally, nearly 2 million masks have been provided to Shenzhen and Wuhan in China since the outbreak began. President Jun Liu emphasized that these contributions not only aid in public health efforts but also improve the perception of Chinese enterprises in the U.S.
ATIF Holdings Limited (Nasdaq: ATIF) announced the resumption of cinema operations by its majority-owned subsidiary, Leaping Group Co., Ltd (LGC), as theaters in China gradually reopen on July 20, 2020. LGC operates four theaters predominantly in Shenyang and has secured pre-booked advertising slots, signaling strong demand. Expected revenue from new theaters could total over RMB80 million. With a 51.2% stake in LGC, ATIF aims to boost its multimedia business.
ATIF Holdings Limited (Nasdaq: ATIF) has launched its new headquarters in Los Angeles as of July 1, 2020, to enhance its presence in the North American market. This strategic move aligns with the company's vision for global expansion and aims to access U.S. capital resources and investor networks more effectively. CEO Jun Liu highlighted the growing demand for public listing and financing services among U.S. companies amid COVID-19 challenges, underscoring the firm’s commitment to assist them in overcoming these difficulties.
ATIF Holdings Limited (Nasdaq: ATIF) announced a consulting agreement with Yinfu Gold Corporation (OTC: ELRE) to act as a financial advisor. The agreement, dated June 9, 2020, entails ATIF Shenzhen providing various consulting services to assist ELRE in its anticipated uplisting to Nasdaq or NYSE. ELRE will pay ATIF Shenzhen a fixed fee of US$800,000, contingent on specific conditions. ATIF's CEO expressed optimism regarding ELRE's growth potential in emerging technology sectors, underscoring the positive impact of U.S. market access on both companies.
ATIF Holdings Limited (NASDAQ: ATIF) announced a consulting service agreement with Shenzhen Agrecoe Biotechnology Co., Ltd. on June 3, 2020. As part of the agreement, ATIF Shenzhen will provide various consulting services to facilitate Agrecoe's entry into the U.S. capital market, receiving a consulting fee of $1 million. The CEO expressed optimism about this partnership, highlighting its potential to enhance Agrecoe's access to capital and brand credibility.
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