Business
ATIF Holdings Signs Definitive Agreement with Armstrong Logistic Inc., a Leading Freight Forwarding and Logistics Company in the U.S.
IRVINE, Calif., June 6, 2022 /PRNewswire/ --ATIF Holdings Limited (Nasdaq: ATIF, the "Company," "ATIF" or "We"), a holding company providing business and
About this update from Atif Holdings Limited
[{"type":"text","content":"IRVINE, Calif., June 6, 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 it has signed a definitive agreement to provide IPO advisory services to Armstrong Logistic Inc. (\"Armstrong Logistic Inc\"), a specialized provider of warehouse distribution, 3PL fulfillment, and multi-channel fulfillment services. \nUnder the terms of the agreement, the Company will receive a certain number of equity stake in Armstrong Logistic Inc and lead the IPO process by utilizing internal staff and engaging third parties in auditing, valuation, stock exchange consulting, investor relations, and other IPO services.\nAbout Armstrong Logistic Inc:\nLeading international intelligent warehouse logistics service provider, including warehouse distribution, 3PL fulfillment, and multi-channel fulfillment services that serve the Port of Los Angeles, San Diego, LAX, and all major access routes to and from Southern CaliforniaMulti–channel capabilities Logistics and warehousing across three facilities throughout the United States (City of Industry, CA, Houston, TX, Florence, NJ), with 1,500,000 sq ft of space with plans for further expansionMaintains its own logistics company, customs clearance company, and freight trucking company, providing customers a one-stop-shop solutionRealized substantial international growth in recent years, fueled by an increased presence in strategic markets together with international partnerships, and a strong focus on innovation and state-of-the-art warehousing capabilitiesBlue chip customer base, including Samyang America, Inc. and Pilot Automotive Inc.Respected partners of the United States Postal Service, UPS, FedEx, DHL Express, Estes Express Lines, and other leading shipping companiesJoined the esteemed Top 3PL Provider list in 2020, compiled by Multichannel Merchant, and is a Fulfillment By Amazon (FBA) partnerMulti-Channel Fulfillment (MCF) service integrates with Amazon, Ebay, FedEx, Jet, Groupon, Shopify, Walmart, Wayfair, Woo Commerce, and other leading platforms, supporting 96% online e-commerce platform fulfillmentWhy it matters:\nArmstrong Logistic Inc has delivered strong financial growth, unaudited revenue increased 956.5% from FY 2020 to FY 2021A...