ATIF Holdings Limited (NASDAQ: ATIF) saw its shares settle slightly Monday, as the holding company providing business and financial consulting services in Asia and North America, announced that its IPO advisory services client and investment holding company Armstrong Logistic Inc., a leading freight forwarding and logistics company in U.S., has recently seen strong growth in performance. Under the terms of the investment agreement between Armlogi and the Company, ATIF holds a 12.0% equity stake in Armlogi.
Armlogi is leading international intelligent warehouse logistics service provider, including warehouse distribution, 3PL fulfillment, and multi-channel fulfillment services, self-employed logistics company, customs clearance company and freight car company serving the Port of Los Angeles, San Diego, LAX, and all major access routes to and from Southern California.
Armlogi's certified logistics and warehousing is located in City of Industry, CA; Houston, TX; and Florence, NJ, with 1,500,000 sq ft of space that is full-service EDI (Electronic Data Interchange) Compliant. Armlogi's Multi-Channel Fulfillment (MCF) service integrates with Amazon (NASDAQ:AMZN), Ebay (NASDAQ:EBAY), FedEx (NYSE:FDX), Jet, Groupon (NASDAQ:GRPN), Shopify (NYSE:SHOP), Walmart (NYSE:WMT), Wayfair (NYSE:W), Woo Commerce, and other leading platforms, supporting 96% online e-commerce platform fulfillment.
Warehousing and logistics companies have had to adapt and evolve to changing market trends and the growing need for accelerated deliveries. In the face of the impact of inflation on the freight forwarding and logistics industry this year, Armlogi has developed flexible operational strategies.
ATIF shares docked two cents to $1.95.
