ATIF Holdings Limited announces a strategic stake in iDea Electronics; Enters the new energy consumer electronics market

IRVINE, Calif.March 15, 2022 /PRNewswire/ — ATIF Holdings Limited ATIVE the “, Company, “, “, ATIF”, or “, We”, ))), a holding group providing business and financial advisory services in Asia and North America, today announced that it has made a strategic investment in iDea Electronics (“iDea”), a leading technology innovator that offers a wide range of consumer and home electronics products. ATIF now owns a 15% stake in iDea and provides comprehensive IPO advisory services to iDea as it prepares for an initial public offering (IPO) in 2022.

“One of our primary goals in developing strategic relationships with technology innovators is to help them take their business to the next level, whether that’s positioning for an initial public offering or providing strategic growth capital. to scale the business,” commented Jun Liu, Chairman, Chairman of the Board of Directors and CEO of ATIF. “iDea Electronics has done a tremendous job of standing out in a crowded consumer electronics market, innovating and creating sleek technologies that serve important everyday purposes, while being committed to designing environmentally friendly products. environment.”

Founded in 2016, iDea is on a mission to bring green energy to every family. iDea’s energy storage technologies have already achieved commercial success in the US market due to their quality design, long life and environmentally friendly uses.

In just five years, iDea Electronics has gained a strong reputation for its “iDeaPLAY” brand. iDea has grown to achieve its goal of becoming a national household brand by forming sales channel partnerships with national home shopping channels HSN, QVC and ShopHQ to reach over 100 million viewers. Coupled with online marketing with major global retailers such as Amazon, Walmart, HSN, QVC, ShopHQ, Brookstone, Sharper Image, Dunhams Sports and more retailers and many more to come, they have helped iDea Electronics make know their brand.

“I admire the leadership team at iDea Electronics and what they have built, which presents several exciting business opportunities, including their power bank and power station technologies. Additionally, the sales channel and iDea’s partners are all global, household names that virtually everyone knows. We look forward to following the progress of iDea Electronics, both as an advisor and investor, as they pursue their IPO more late in 2022,” Mr. Liu concluded.

About iDea Electronics Inc.

Idea Electronics Inc. is a market leader providing audio, digital video power, outdoor and sports equipment, small kitchen appliances and home textiles for a wide range of consumer electronics products. and home environments. Designed in Southern California and sold in North America, Idea Electronic creates products that empower people through technology, whether at home or on a new adventure. For more information, please visit www.ideausa.com.

About ATIF Holdings Limited

ATIF Holdings Limited (“ATIF”) is a holding group with business advisory, asset management and investment activities with business centers located in Los Angeles, California, hong kongand Shenzhen, China. ATIF mainly provides IPO advisory services to small and medium enterprises Asia and North America. ATIF has advised several companies in China in their IPO projects in the United States, ATIF received the “Top 10 Best Listed Companies 2019” from the “Golden Bauhinia Award”, the highest honor in that of Hong Kong the financial and securities industry. For more information, please visit https://ir.atifchina.com/.

Forward-looking statements

Certain statements made in this press 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”, “plans”, “plans”, “intends”, “believes”, “seeks”, “may”, “shall”, “should” , “future”, “propose” and variations of these words or similar expressions (or negative versions of these 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 beyond the control of the Company, which could cause actual results or results to differ materially from those discussed in this n forward-looking statements. Important factors, among others, are: future financial and operating results, including revenues, revenues, expenses, 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 where barriers to entry are low; the ability to obtain additional financing in the future to fund capital expenditures; ability to attract new customers and further improve brand recognition; the ability to hire and retain qualified management personnel and key employees; trends and competition in the financial advisory services industry; a pandemic or epidemic; and other factors listed in the Company’s Annual Report on Form 20-F and other filings with the Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, except as required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that these expectations will prove to be correct, and the Company cautions you that actual results may differ materially from anticipated results expressed or implied by forward-looking statements we make. You should not rely on forward-looking statements as predictions of future events. Forward-looking statements represent the beliefs and assumptions of our management only as of the date such statements are made. These forward-looking statements are made as of the date of this press release.

For investor and media inquiries, please contact:

In China:
ATIF Holdings Limited
Anna Huang
Tel: +86-139-2726-7157
Email: [email protected]

In United States:
Strategic Investor Relations, LLC
Matthew AbenanteSHOUT
President
Tel: 646-828-8710
Email: [email protected]

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SOURCE ATIF Holdings Limited

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