ATIF Holdings Limited Completes First Day of Trading on the Nasdaq Capital Market

ATIF Holdings Limited (“ATIF”, or the “Company”), a company providing financial consulting services to small and medium-sized enterprises in Asia, announced that its ordinary shares commenced trading on the Nasdaq Capital Market under the ticker symbol “ATIF.”

On April 29, 2019, the Company completed the closing of its initial public offering (the “Offering”) of 2,074,672 ordinary shares at a public offering price of $5.00 per share. The aggregate gross proceeds to the Company from the Offering were $10,373,360, before deducting underwriting discounts, commissions and other expenses.

Boustead Securities, LLC acted as the sole underwriter, and Valuable Capital Limited acted as a selected dealer for the Offering. Hunter Taubman Fischer & Li LLC acted as counsel to the Company, and Ortoli Rosenstadt LLP acted as counsel to the underwriter.

The Offering was made only by means of a prospectus, which is part of the registration statement filed with the SEC and became effective on March 14, 2019. A final prospectus relating to the Offering has been filed with the SEC and is available on the SEC’s website at http://www.sec.gov. Copies of the prospectus may be obtained from: Boustead Securities, LLC, by email at offerings@boustead1828.com or telephone +1 (949) 502-4409 or standard mail to Boustead Securities, LLC, Attn: Equity Capital Markets, 6 Venture, Suite 265, Irvine, CA 92618, USA. This does not mean that the SEC has approved, passed upon the merits, or passed upon the accuracy or completeness of the information.

This press release does not constitute an offer to sell, or the solicitation of an offer to buy any of the Company’s securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from registration, nor shall there be any offer, solicitation or sale of any of the Company’s securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

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Readers In The Outfield Event Recap, 2019 Edition

On Saturday, April 27, 2019, the sixth annual Readers in the Outfield event took place at Angels Stadium. The event, sponsored by the Angels Baseball Foundation and MemorialCare, celebrated the 100 proud second-graders who recently graduated from The Literacy Project program.

The Readers in the Outfield event has been held every year since 2013 to recognize the literary achievements of enrolled second-graders. This year those students were proudly representing the Santa Ana Unified and the Anaheim City School Districts. Also in attendance were their Master Teachers along with the following board members of The Literacy Project, Penny Fox, Sinan Kanatsiz, and Angels Baseball Chairman Dennis Kuhl. The founder of The Literacy Project, Sue Grant, was also able to take part in this year’s special celebratory event.

AN ANGELIC LUNCH

The second-grade students and their Master Teachers were treated to a sponsored lunch, courtesy of Legends, at the Saint Archer Brewery Restaurant inside the stadium. There, they shared a delicious meal with famed Angels Alumni—Rod Carew, Bobby Grich, and Clyde Wright. These former players really lived up to their team’s namesake by sharing their own inspirational stories about life, literacy, and perseverance with the students.

WORK HARD, PLAY HARD

The students and Angels Alumni wrapped up their meal by playing The New Phonics Game; a game and learning tool co-developed by The Literacy Project and The Regents of the University of California. The New Phonics Game is made up of both card and board games that help teach children the specific phonetic skills needed for reading comprehension and literacy development. This game was instrumental to the literacy success of the students who graduated from The Literacy Project’s program and was especially fun to play with the Angels Alumni.

The students also had the opportunity to participate in a raffle and win prizes such as autographed Angels baseballs and autographed pictures. Furthermore, there were outdoor games on the field, face painting, and a prize wheel for the graduates to take part in. The students truly had a wonderful day. Executive Director of The Literacy Project, Kimberly Vig, expresses her gratitude to the sponsors who made it all possible, “We are so grateful to partner with the Angels Baseball Foundation to create Readers in the Outfield for the last six years. It’s amazing to see the look on our students’ faces as they enter the stadium. They deserved to have a fun day and be recognized for their reading achievements.”

THE FUN CONTINUES

The hosts of this year’s Readers in the Outfield event made sure that each student knew the value of their hard work and dedication. To recognize their outstanding achievement in overcoming illiteracy, each student left the stadium that day with four tickets to enjoy a future 2019 season Angels game with their families.

The sixth annual Readers in the Outfield event would not have been possible without the hard work and support from our generous sponsors, our board members, and our Master Teachers.

To learn more about future events and how you can support our mission to put an end to illiteracy, click here.

Expert Plastic Surgeon Dr. Jay Calvert To Ascend To Rhinoplasty Society President

Dr. Jay Calvert, a Board Certified Plastic Surgeon with practices in Beverly Hills and Newport Beach, will attend The Rhinoplasty Society annual meeting on May 16, 2019 where he will take his post as the 23rd President of the Rhinoplasty Society. This year’s annual meeting is held in New Orleans and is a gathering of the most prestigious society of rhinoplasty surgeons in the world. This top honor will be bestowed upon Dr. Jay Calvert for his work as an internationally-known plastic surgeon who specializes in rhinoplasty and surgery of the nose. Dr. Jay Calvert is also an international speaker and will be presenting his work in Russia later this year.

“I am inspired everyday by the amazing work my colleagues in the rhinoplasty specialty do and I am humbled and grateful for this appointment,” said Dr. Jay Calvert. “The Rhinoplasty Society’s annual meetings allow surgeons to share new ideas, learn advances in the procedure including technique developments and enjoy comradery with rhinoplasty surgeons from both Plastic Surgery and Otolaryngology backgrounds. For these reasons and more it is my honor and privilege to guide our specialty into the future as President of the Rhinoplasty Society.”

Outside of his work as a top-tier plastic surgeon, Dr. Calvert continues to make time to lead as a philanthropist. Last year, the Calvert family was honored by The Concern Foundation, an organization dedicated to cancer research. At the 2018 Concern Foundation Block Party honoring the Calvert family, Dr. Jay Calvert helped raise over $1.8 million and is committed to helping raise even more in 2019. Their son, Ace is a leukemia survivor and served as Boy of the Year for Leukemia Lymphoma Society in 2015 where Ace helped to raise nearly $80,000 himself. Dr. Jay Calvert and his wife participate in marathons for charities and have raised over $38,000 for Fred’s Team and many other worthy causes.

About Dr. Jay Calvert:

Dr. Jay Calvert is a board-certified Plastic Surgeon with practices in Beverly Hills and Newport Beach, California. His main area of focus is on rhinoplasty, secondary rhinoplasty, facelifts, and breast augmentation surgery.

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Primior Launches Two Opportunity Zone Funds

The company is developing two retail properties in Santa Ana totaling 55,000 square feet.

Diamond Bar-based investment firm Primior has launched two qualified opportunity zone funds. Within the funds, it has two retail properties under construction in Santa Ana totaling 55,000 square feet. Like much of the market, the investor was attracted to the opportunity zones for the tax benefits and social impact aspect of the model.

“We have been following the Opportunity Zone program since its interception. It provides very attractive incentives for developers and investors, resulting in much higher returns and tax savings for the initial investment,” Johnney Zhang, founder and CEO of Primior, tells GlobeSt.com. “The other benefit is that, when a Qualified Opportunity Fund invests in an Opportunity Zone, it boosts the economy in the community and creates jobs. We currently have two QOFs that will make investments in Santa Ana.”

Primior acquired the two development sites in 2017 after the opportunity zone benefits were announced. With opportunity zone legislation only recently finalized, this is one of the earliest projects. “They are both entitled and ready to start construction in a few months, so I think we are ahead of most of our competitors,” says Zhang. “We have great relationships with national tenants and local cities, which allows us to create much higher returns for our investors in a shorter period of time. Our tenants are national brands such as Chase Bank that will enhance the local economy and provide good jobs.”

The firm focuses on retail as well as medical office properties, so these two opportunity zone projects are well within its area of expertise. It sees the most be returns in these two asset classes. “We are looking at almost any commercial properties but with an emphasis on retail and medical,” adds Zhang. “These two sectors are very stable as long as there are solid corporate tenants paying high rent with minimal turnover and corporate guarantees on the leases, so the income stream is very stable. We also like multifamily, but the returns on multifamily are far lower than on retail and medical.”

The investor has an integrated development model that allows it to be more efficient in building new projects. “We have in-house architects, contractors, leasing specialists, marketing experts, property managers and investment bankers,” says Zhang. “These teams handle all aspects of development and work very closely with each other. The end result has been amazing in terms of saving time as well as reducing costs, which leads to much higher returns.”

Opportunity zone funds have become wildly popular and there has been a flood of competition in new niche. However, because Primior has experience investing in retail and an integrated development structure, Zhang believes it is well positioned to generate strong returns. “There are certainly many funds and developers that have their eyes on it. So property values are going up very quickly. But if you over-pay, you will not be able to generate good returns,” he says. “Our acquisition team is actively looking for off-market deals that are less competitive. Also, since we are vertically integrated, we have the ability to identify the property and calculate the potential returns very quickly, enabling us to act faster than our competitors.”

Real or Fake? Revealing Workers’ Compensation Fraud

By Stacey Gunn, Assistant Vice President of Keenan

Security cameras in a company cafeteria recently captured a brazen attempt to fake a workers’ compensation injury. The video shows that the man dumped a cup of ice onto the floor, disposed of the cup and then laid down on the floor as though he slipped on the ice. Prosecutors have charged the man with insurance fraud and theft by deception.

In this case, the fraud was well documented. Most employers do not have cameras in their lunch rooms or other areas of their work places. It can be very difficult to prove someone has faked an injury in the workplace without cameras catching them in the act. But the consequences of undetected workers’ compensation fraud are enormous. Fraud is a costly financial burden to employers and taxpayers, and it interferes with providing benefits to the vast majority of injured workers with legitimate claims.

If an employer suspects an employee has attempted to create a fake injury or fraudulent claim, there are several steps to follow up on right away:

  • Identify and interview any witnesses to the injury
  • Did you notice anything unusual in the area the injury occurred (items on the floor, wet floor, torn carpet)? If the injured worker is alleging they tripped on something, secure the evidence and take pictures of the site.
  • Was there anything unusual about the injured worker prior to the injury (limping, favoring any body parts etc.)? It could indicate an attempt to reframe an existing non-occupational injury as a workers’ compensation claim.
  • Check to see if they are on social media and review for any physical activities.
  • Obtain an Insurance Services Office claims report to see if the injured worker has a history of claims.
  • Take several statements from the injured worker – look for conflicting information
  • Assign surveillance to determine if the injured worker is participating in activities inconsistent with the reported injury or has taken alternative employment during their disability.

Faked injuries may also be an indication of fraud perpetrated by dishonest medical providers or attorneys who operate “claim mills.” These fraud schemes recruit workers to submit fraudulent claims, can generate millions of dollars of undeserved benefits and impact employer loss experience resulting in higher workers’ compensation premiums. It’s important that claimants understand that their participation in reporting fraudulent claims exposes them to prosecution and severe penalties.

Below are several “red flags” that could be indications of a faked workers’ compensation injury:

  • There are no witnesses to the injury. Was it unusual that the employee would be alone or out of place at the time the injury?
  • Injury occurs at the end of the day on a Friday or on a Monday morning. The worker may have sustained a non-occupational injury over the weekend.
  • The employee changes the story about what happened. Their statement to a treating doctor is different from what they reported to the emergency room or on the initial report of injury.
  • The worker has a history of previous claims. Someone who has received significant workers’ compensation payments previously may try to go to the same well again.
  • There’s a delay reporting the injury. If a worker reports an injury months after it allegedly occurred, it could indicate the possibility the claimant was recruited by a claims mill.
  • The worker is disgruntled, on disciplinary action, or involved in a labor dispute. Employees may use a workers’ compensation claim to retaliate against their employer, or delay termination.
  • The worker (or a medical provider) refuses certain diagnostic tests or imaging. Avoidance of examinations that could confirm the existence of the reported injury is a key fraud indicator.
  • The injured worker has significant financial problems. The claimant may be trying to find a way to gain additional funds through a fraudulent claim.
  • The injured worker is hard to reach during their disability. A worker who does not return phone calls or emails could be avoiding requests for additional information or could be employed elsewhere.
  • The worker refuses modified-duty work or other return-to-work protocols. It could be an attempt to prolong their disability and could be a tactic of unscrupulous medical providers to get additional money.

Employers who suspect a faked occupational injury or other workers’ compensation fraud or abuse should seek assistance from their insurer or claims administrator. Potentially fraudulent claims are referred to the Special Investigation Unit (SIU), and cases with enough evidence are sent to the District Attorney for prosecution.

About Stacey Gunn

Stacey Gunn, Assistant Vice President, is responsible for leading Keenan’s SIU/Fraud Unit, training and development, and vendor management. She has more than 20 years of experience and is certified by the Insurance Educational Association, Workers’ Compensation Claims Professionals Association and California Office of Self Insurance Plans.

Corent Partners with Financial Inclusion leader Mifos Initiative to Deliver Mifos X – Core Banking Open Source Software – as SaaS to 3 Billion Underbanked World Population

Corent Technology, a technology leader in cloud migration, optimization and SaaS enablement, has teamed up with the Mifos Initiative to launch Mifos X financial application as a fully instrumented SaaS solution, to facilitate access to core banking services for the over 3 billion unbanked and underbanked world population, a major step toward eliminating extreme poverty in under-developed communities.

“We are pleased to support the Mifos Initiative – a leader in financial inclusion and microfinance technology – in their mission to enable financial institutions to bring responsible financial services to the over 3 billion people who are without effective access today,” stated Feyzi Fatehi, CEO of Corent Technology.

“Such a bold mission, serving potentially thousands of smaller financial institutions, requires a SaaS solution that is highly automated and scalable and that can be easily deployed, efficiently delivered and affordably managed. By powering the Mifos X Platform with the SaaS-enablement capabilities of SurPaaS, we are pleased to be a part of empowering this global initiative,” added Fatehi.

Built around a modern API-centric architecture, Mifos X Platform for Financial Inclusion is a modern, connected core banking system for responsible financial services organizations who are bringing basic financial services to the poor and developing markets globally. It is highly extensible, easy-to-integrate with third-party systems and payments networks. Client organizations include microfinance institutions and microfinance banks, and increasingly savings organizations and credit cooperatives. The Mifos software is typically deployed by in-country partners who build commercial service offerings to support multiple institutions. Hundreds of small financial institutions already benefit from having access to the software.

“We are pleased to team up with Corent and value their support of this global initiative. Corent provides the ability to efficiently deliver Mifos X as SaaS, enabling our partners around the world to offer our platform in a much more cost-effective manner, and opening up new opportunities for our customers,” said Ed Cable, President & CEO of Mifos Initiative.

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Staples Every Wardrobe Needs

What does a nude stiletto and a navy suit have in common? They are classic, timeless and always come in handy! I find classic pieces to be essential and always my go-to’s for everyday wear. These are the pieces I can constantly count on to never let me down and always make sure I look put together.

I like to add my own personality to my style and find my own distinct and comfortable way of dressing. When I am styling our clients and members or even teaching my styling team, I always make sure they understand the importance of basic, classic and timeless pieces. Asking yourself, does my “blank” go with my “blank.” Classics just never let down and always make every occasion work. Creating your own personal style needs to be unique to you and make you feel confident. We all know the feeling in us when we love that outfit we are wearing. Confidence is an energy. People can feel that when you walk in a room. Confidence all starts with what you wear and how you feel about yourself.

One thing we get asked a lot is, what are the top 5 things every wardrobe needs for both men and women. When we are working with clients, most of the time they are people starting over and looking to rebuild their wardrobes. Regardless of where you’re at with your wardrobe there are clothes I suggest you own in your closet if you don’t already. Here is the breakdown for men and for women.

Men’s Wardrobe

Tailoring fitting clothes – most important!

1. Custom Tailored Navy Suit
2. Custom White Button Up
3. Custom Navy Sportcoat
4. Dark Fitted Jeans
5. White cool, causal sneakers

Women’s Wardrobe

1. Black Leather Jacket
2. Black Fitted Jeans
3. Nude Stiletto
4. Cocktail Dress (any color but black is a must!)
5. White or Black Classic Blouse

Signed by,

Bree Jacoby

UPS Drones Are Now Moving Blood Samples Over North Carolina

IF YOU’RE INCLINED to puns, you might say medical samples are the lifeblood of hospital systems. But if you actually work with them, you know they’re more of a headache. Because the same road traffic that keeps you from getting home keeps the couriers charged with moving these tissue and blood samples, collected by the millions daily and often in urgent need of analysis, from completing their missions.

So it makes a lot of sense that when the FAA decided to sanction the first revenue-generating drone delivery schemein the US, it went with one that promises to speed up that process, run by UPS and autonomous drone technology firm Matternet. It makes sense from the tech perspective too: The cargo is extremely lightweight and compact, allowing the companies involved to focus on the delivery processes and mechanisms rather than trying to manage unwieldy payloads.

The service ran its first flight Tuesday, at North Carolina-based WakeMed’s hospital in Raleigh, using Matternet’s compact M2 quadopter. The drone, which measures about 2 feet square, can carry payloads of about 5 pounds for 12.5 miles on each battery charge. It can complete a flight in about three minutes, versus the 30 or so it takes human drivers to make it in average daily traffic. Even though the drone operates autonomously, a remote pilot-in-command monitors each flight and can intervene if necessary. The drones, operating from specially designated pads at each location, will conduct about 10 daily flights to start, with more possible if the service takes off. Samples are loaded onto a secure and locked compartment underneath the quadcopter.

This effort is born of the FAA’s Unmanned Aircraft System Integration Pilot Program, a three-year project set up to test the safe integration of drone technologies into commercial airspace. Testing for WakeMed’s service began last August, with additional oversight from the North Carolina Department of Transportation. UPS, which already has a health care division that specializes in medical deliveries, sees multiple potential benefits: not just moving those vital samples more efficiently but taking vehicles off the road. Matternet has some experience with this already: It has executed more than 3,000 similar flights in Switzerland.

For WakeMed, the service should lower costs and speed up deliveries, improving patient services. Matternet says the technology-development benefit as well as the predictability and reliability of the service. Both UPS and Matternet hope to expand the services quickly to other locations around the country.

Teen Talk

Randy Schwab, CEO of JBBBSLA, says “Teen Talk has allowed our agency to expand its reach in the most innovative way. For the first time, teens can access real time social/emotional help when and where they need it, right in the palm of their hand.”

Created in partnership with Jewish Big Brothers Big Sisters of Los Angeles (JBBBSLA) and Teen Line, Teen Talk is an innovative app where teens seek support anonymously from trained peers. Through the app, thousands of teens from around the world receive compassionate support and inspiration from trained teen advisors. The app was launched in May 2018 and has since had over 14,000 active users. Teen Talk is an outlet for teens in crisis who can discuss a wide range of serious topics such as bullying, sexuality, self-harm, assault, and relationships, in a safe and healthy community. For teens who have little parental involvement, who suffer from isolation and social awkwardness, who feel like they have nowhere else to turn, Teen Talk offers a crucial safety net where they feel heard without judgement.

Teens today are living in a very different world compared to teens who grew up even a decade ago. In an article about teen depression and anxiety, TIME magazine reported that teens today are “the post-9/11 generation, raised in an era of economic and national insecurity. They’ve never known a time when terrorism and school shootings weren’t the norm. They grew up watching their parents weather a severe recession, and perhaps most important, they hit puberty at a time when technology and social media were transforming society.” As one of the teens profiled in this article explains, “We’re the first generation that cannot escape our problems at all. We’re all like little volcanoes. We’re getting this constant pressure, from our phones, from our relationships, from the way things are today.”

Teens in crisis often turn to their peers for help, rather than parents or teachers. Whether they receive healthy advice largely depends on the maturity of their peers. Teen Talk is the only app that uses trained teens to respond to other teens seeking support. Teen Talk advisors complete a rigorous 50-hour live training in partnership with Teen Line, a Los Angeles youth services organization based out of Cedars Sinai Hospital. Once training is completed, teen advisors complete 2-hour shifts on the app providing support remotely via iPhones. Advisors are supervised by mental health professionals who monitor posts and responses.

The app has had a rapid growth rate since its launch last year. There are currently 60 teen advisors, 14,000 downloads, and 10,000 posts asking for social/emotional support. By the end of this year, it is projected that 20,000 additional teens will download the app and there will be 10,000 additional posts for social/emotional support. Over the next three years JBBBSLA anticipates a total of 100,000 downloads, 50,000 posts, and a pool of 260 trained teen advisors.

Jewish Big Brothers Big Sisters of Los Angeles (JBBBSLA) provides mentoring, camp, college guidance, and scholarship programs to youth in Los Angeles County. The focus of JBBBSLA’s programs is to provide vulnerable youth with positive role models. The agency has over 100 years of expertise in helping children succeed. Teen Line operates a teen-to-teen hotline and provides community outreach to teens in need.

3 Steps for Keeping Your Eye on the Ball

By Mark Samuel, CEO, IMPAQ Corp.

When I was preparing to be a professional baseball player (that never happened), there was one command that I always remembered. “Keep Your Eye on the Ball,” which was used for anyone hitting the ball, fielding grounders, or catching a fly ball hit to the outfield.

Unfortunately, in business, we can still get ourselves in trouble by not keeping our eye on the ball – namely, our Purpose and Priorities for Achieving our Business Outcomes. We get distracted by the crisis of the day, the bright shiny object, or by our own ego needs that takes us off of our game as leaders driving business results.

3 Steps for Keeping Your Eye on the Ball

1. Your Ball in business is your Purpose – Your Desired Picture of Success

And, it has to matter to you and others you depend on in your business and family. It’s inspiring, valuable for the people you serve, and makes a positive difference for anyone involved with you in manifesting your Purpose.

Imagine yourself 1 to 3 years from now and having attended the success you envision for yourself.

  • What would you be accomplishing that you aren’t accomplishing now?
  • What would you be doing differently, that you aren’t doing today?
  • How will you and others around you be showing up to sustain the accomplishments you want to achieve?
  • In what areas have you grown as you look back to today from 1 to 3 years in the future?

2. What are the mostly likely distractions you will experience that could take your eye off the ball?

Everyone gets distracted…sometime deliberately to refresh ourselves and sometimes unplanned to wake us up and reinvent ourselves. Either way, it’s important to know and track when you lose focus.

  • What kinds of problems will distract you from achieving your priority initiatives?
  • What kinds of new priorities could show up that will fragment your focus?
  • How will others get your attention to keep you (and them) from staying focused on the “bigger game” you want to be playing?
  • What challenges have you experienced in keeping your attitude and emotional responses positive and focused?

3. Develop a Proactive Recovery Plan

It is a natural human experience to have setbacks, get distracted, and to get off course. The difference between the super successful and everyone else is that the super successful don’t expect perfection and get caught off-guard in crisis when their plan gets off track. Instead, they have a Recovery Plan to get themselves back on course with their Purpose as quickly as possible.

A Recovery Plan can be a conversation with a colleague, friend or confident. Sometimes, it can be a contingency plan. Other times, it’s taking a day off to refocus, re-energize and inspire yourself to step up your game to a new level.

For more information on how to guide your teams through the inevitable set-backs, check out the latest on my blog here.