GlobeNewswire Inc | Oct 12, 2020 08:00AM EDT

October 12, 2020

Los Angeles, California, Oct. 12, 2020 (GLOBE NEWSWIRE) -- ATIF Holdings Limited (Nasdaq: ATIF, the Company), a company providing business consulting and multimedia services in Asia, announced that it has recently reached a collaboration arrangement with the Workforce Development Board of the San Bernardino County, California (San Bernardino WDB) to foster local employment and reemployment. In July, ATIF established its new headquarters in the City of Rancho Cucamonga in the San Bernardino County within the Greater Los Angeles area, to expand its business to the North America market.

Based on the collaboration arrangement, ATIF will recruit 100 experienced professionals with background in corporate business, marketing and financial market though the career center of San Bernardino WDB. These new talents to be recruited will actively focus on assisting ATIF to establish business relations with U.S. listed companies, and companies that are preparing to be listed on a stock exchange, in order for ATIF to provide investor relations services to these companies, such investor relations services include capital market strategic communications and various media programs. The purpose of the collaboration will also assist the San Bernardino WDB to mitigate the rising problem of unemployment during the current epidemic period, and to alleviate the financial difficulties faced by some local workers whom are no longer qualified for unemployment benefits.

Additionally, ATIF is seeking licenses for providing financial services in the United States, and plans to diversify and expand its businesses into IPO underwriting, securities brokerage and asset management in the U.S market. To prepare for this, ATIF is launching a comprehensive talent recruitment program.

About ATIF Holdings LimitedHeadquartered inShenzhen, China,ATIF Holdings Limited (ATIF) is a company providing business consulting services to small and medium-sized enterprises inAsia, including going public consulting services, international business planning and consulting services, and financial media services.ATIF operates an internet-based financial consulting service platform IPOEX.com, which provides prestige membership services including online capital market information, pre-IPO education and matchmaking services between SMEs and financing institutions. ATIFhas advised several enterprises inChinain their plans to become publicly listed in theU.S.Through its majority-owned subsidiary,Leaping Group Co., Ltd.,ATIFalso 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.ATIFoperates the largest pre-movie advertising network inHeilongjiang ProvinceandLiaoning ProvinceofChinaand also provides advertising services in elevators and supermarkets.ATIFis often hired to plan both online and offline advertising campaigns and to produce related advertising material. In addition,ATIFinvests in films and TV programs and distributes them in movie theaters or through online platforms.ATIF is also one of majority shareholders ofAeroCenturyCorp. (NYSE American: ACY) which is an independent global aircraft operating lessor and finance company specializing in leasing regional jet and turboprop aircraft and related engines to airlines and commercial users worldwide.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 notguaranteeof 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 Companys 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;abilityto 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 Companys annual report on Form 20-F and otherdocumentsfiled with the Securities andExchange 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 notrely upon forward-looking statements as predictions of future events. Forward-looking statements represent our managements 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 any questions regarding this release, please call: Janice Wang

Contact Person : Janice WangCell Number: +86 13811768559Email: jwang@changqingconsulting.com