Business
ATIF Holdings Limited Announces An Additional US$800,000 Consulting Service Agreement with Yinfu Gold Corporation Brings Recent Total Revenues of $1.8 Million in A Week
ATIF Holdings Limited Announces An Additional US$800,000 Consulting Service Agreement with Yinfu Gold Corporation Brings Recent Total Revenues of $1.8 Million in A Week.
About this update from Yinfu Gold Corp.
[{"type":"text","content":"\n Shenzhen, China, June 11, 2020 (GLOBE NEWSWIRE) -- ATIF Holdings Limited (Nasdaq: ATIF), a company providing business consulting services and multimedia services in Asia, today announced that the Company, through Qianhai Asia Time (Shenzhen) International Financial Services Co., Ltd. (“ATIF Shenzhen”), the Company’s variable interest entity in China, entered into a consulting service agreement (the “Agreement”), dated June 9, 2020, to act as a financial advisor for Yinfu Gold Corporation (OTC: ELRE), an emerging growth company specializing in new-emerging application industries of Internet Technology, Artificial Intelligence (AI) and the Internet of Things (IOT). The Agreement was signed in anticipation of ELRE’s uplisting to Nasdaq or New York Stock Exchange. Pursuant to the Agreement, ATIF Shenzhen agreed to provide consulting services including but not limited to equity ownership verification, equity restructuring, asset and business model optimization to help ELRE to be listed Nasdaq or New York Stock Exchange. As consideration, ELRE agreed to pay ATIF Shenzhen a fixed consulting fee of US$800,000, to be paid in installments and subject to certain conditions. Mr. Jun Liu, CEO and Director of ATIF, commented, “We are proud to have respectively signed service agreement with Yinfu Gold Corporation and Shenzhen Agrecoe Biotechnology Co., Ltd within a week. ATIF's services have become more diversified following the recent wave of Chinese companies going public in the U.S. We look forward to seeing our clients achieving great progress and strong growth in 2020 and beyond, as increased access to U.S. capital market drives the momentum.” Mr. Liu continued, “ELRE has a promising future because the market of emerging application industries of Internet Technology, AI and the IOT has tremendous upside potential. We are honored to act as ELRE’s financial advisor to assist ELRE in articulating its growth strategy to the investment community and uplist its securities to U.S. National Exchange. Successful uplisting will enhance ELRE’s visibility in the marketplace, increase the liquidity of its stocks, and build long-term shareholder value. We will do our best to provide guidance on ELRE’s listing and business development.” About ATIF Holdings Limited Headquart...