ATIF’s investment in the international logistics services company shows strong growth!


IRVINE, Calif., August 15, 2022 /PRNewswire/ — ATIF Holdings Limited (Nasdaq: ATIF, the “Company”, “ATIF” or “We”), a holding company providing business and financial advisory services in Asia and North America, is pleased to announce that IPO advisory services client and investment holding company Armstrong Logistic Inc. (“Armlogi”), a leading US freight forwarding and logistics company United States, has recently seen strong growth in its performance. Under the terms of the investment agreement between Armlogi and the Company, ATIF holds a 12.0% interest in Armlogi.

Armlogi is the leading international provider of smart warehouse logistics services, including warehouse distribution, 3PL fulfillment and multi-channel fulfillment services, independent logistics company, customs clearance company and rail car company of goods serving the port of Los Angeles, San DiegoLAX and all major gateways to and from Southern California. Armlogi Certified Logistics and Warehousing is located at City of Industry, California; Houston, TX; and Florence, New Jersey, with 1,500,000 square feet of full-service EDI (electronic data interchange) compliant space. Armlogi’s Multi-Channel Fulfillment (MCF) service integrates with Amazon, Ebay, FedEx, Jet, Groupon, Shopify, Walmart, Wayfair, Woo Commerce and other leading platforms, supporting 96% of the execution of online e-commerce platforms.

Warehousing and logistics companies have had to adapt and evolve to changing market trends and the growing need for expedited deliveries. Faced with the impact of inflation on the freight forwarding and logistics industry this year, Armlogi has developed flexible operational strategies. Through an assessment of its own inventory levels, warehousing capacity, utilization rates and transportation capabilities, Armlogi adopted strategies such as reducing unnecessary costs and introducing new opportunities of growth, and actually performed very well.

A growing number of companies are relying more on outsourcing various logistics functions including transportation, warehousing, and distribution, thus fueling the growth of the 3PL market. According to data from Statista, over the past 10 years, 3PL market revenue has doubled over the past 10 years from $127.5 billion at $260.2 billion from 2010 to 2021, growing at a CAGR of 2.8%. According to MDC Research, the global 3PL market is expected to reach $2,275.6 billion at a CAGR of 8.9% by 2030.

Jun LiuPresident, Chairman of the Board and Chief Executive Officer of ATIF, said, “We appreciate the innovations and rapid changes in Armlogi’s operations and are very pleased with its strong financial performance. From what we understand, Armlogi’s revenues for the first quarter of 2022 alone exceeded 50% of total revenues in 2021 and revenues for the full year 2022 are expected to increase by three four times from one year to the next! Initial Public Offering.”

About ATIF Holdings Limited

ATIF Holdings Limited (“ATIF”) is a Los Angelescomprehensive financial group with wholly owned and operated subsidiaries: ATIF-1 hedge fund firm, ATIF equity investment firm, ATIF IPO advisory firm and integrated financial services network platform www.IPOEX.com. ATIF is dedicated to providing international asset securitization services, as well as equity investment and asset management services to companies around the world. ATIF received the “Top 10 Best Listed Companies 2019” from the “Golden Bauhinia Award”, the highest distinction in that of Hong Kong the financial and securities industry. For more information, please visit https://ir.atifchina.com/.

To learn more about IPOEX, our financial services platform, visit: https://www.ipoex.com/

For more information about NFTDPO, our NFT services division, please visit https://nftdpo.com/.

Follow ATIF on social networks:

Twitter
Facebook
Youtube
LinkedIn
instagram

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,” “will,” “should “, “future”, “proposes” and variations of these similar words or phrases (or negative versions of these words or phrases) 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 Company’s control. that could lead to results or actual results. differ materially from those discussed in the 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; the ability to attract new customers, complete customer projects and further enhance 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; the occurrence of any event, change or other circumstance that may affect the Company’s ability to successfully pursue the development and launch of its NFT collection; the possibility that the Company may fail to develop its NFT platform and business due to, among other things, changes in the business environment, competition, changes in government regulations or other economic and political factors; the Company’s ability to continue to comply with changes in applicable regulatory regulations relating to blockchain, digital assets and the NFT industry; the possibility that the Company’s ongoing NFT services may be 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 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.

Quote

View original content: https://www.prnewswire.com/news-releases/atifs-investment-in-international-logistics-services-company-shows-strong-growth-301605542.html

SOURCE ATIF Holdings Limited

Previous How artificial intelligence has improved Dubai's electricity and water services
Next Nearly 200 prison workers arrested on work-related charges | app