The Davis University Designation Broadens
Students' Academic Journeys which is Expected to Increase
Enrollment and Revenue
MIDDLETOWN, Ohio, Nov. 28,
2023 /PRNewswire/ -- EpicQuest Education Group
International Limited (NASDAQ: EEIQ), ("EpicQuest Education",
"EEIQ" or the "Company"), a provider of comprehensive education
solutions for domestic and international students seeking college
and university degrees in the US, Canada and the UK, today announced that
effective November 18, 2023, the
conversion of its owned and operated Davis
College to Davis University has been approved by regulatory
authorities. This new designation reflects the breadth of Davis
University's academic programs including current and planned
four-year degree programs which offer students a wide range of
avenues to pursue different levels of education.
The new University designation strengthens
Davis' mission which could lead to an increase in enrollment.
"We at Davis are proud of our new university designation as it
reflects our success in broadening our academic programming
designed to prepare students for their professional careers,"
commented Diane Brunner, President
of Davis University. "This recognition adds to our reputation
for providing quality education and positions us to further grow
and strengthen our mission to provide a solid foundation for our
students to pursue their academic journeys."
"We attract a diverse body of students from a wide range of
backgrounds and believe that our university designation will
bolster both our domestic and international recruiting. We will
also continue to implement our core mission of internationalization
that provides our students' optimal flexibility in pursuing their
career goals which, at the same time, strengthens our operations,"
Ms. Brunner concluded.
Davis University ("Davis") currently offers a four-year Bachelor
of Science in Business degree, and it is anticipated that Davis
will add, among others, four-year degree programs in STEM and
nursing to further expand its course offerings. EEIQ believes that
the skills acquired in a four-year program can lead to a wide set
of job opportunities, steady career advancement and increased
earnings potential. It is anticipated that the new university
designation and its new four-year programs will help to solidify
Davis' many potential collaborations with colleges and universities
around the world. It is also expected to bolster its international
recruiting, as Davis currently has 102 international students
enrolled as of the Fall 2023 quarter, a nearly three-fold increase
over the same year-ago quarter.
Davis' designation as a university has been approved by the
Higher Learning Commission, a national accreditor and the Ohio
State Board of Career Colleges and Schools among other regulatory
agencies. Parent company EEIQ anticipates that with its broader set
of career options, Davis University will see an increase in its
recruitment which could positively impact the Company's revenue
stream.
About Davis University
Davis University ("Davis") was founded in 1858 and is a private
career-training college located in Toledo, Ohio. Davis offers a specialized
professional career training curriculum in numerous fields, and its
mission is to provide marketable skills that enhance the
employability of its graduates. Davis offers coursework flexibility
to ensure program success as well as externship opportunities that
provide its student population with real-world skill sets prior to
graduation. In addition to its offering a four-year Bachelor of
Science in Business degree, which began in the Fall of 2023, Davis
is developing additional four-year degree programs and has
agreements with several four-year US universities for 'transfer
pathways' that pave the way for its associate degree students to
gain admission with the ability to transfer earned course credits.
Davis is accredited by The Higher Learning Commission and the Ohio
State Board of Career Colleges and Schools with programs authorized
by the Ohio Board of Higher
Education. For more information, please visit
www.daviscollege.edu/.
About EpicQuest Education Group International
Limited
EpicQuest Education Group International Limited ("EpicQuest
Education" or the "Company") provides comprehensive education
solutions for domestic and international students seeking
university and college degrees in the US, Canada and the UK. The Company owns and
operates EduGlobal College, based in British Columbia, Canada, which focuses on
English proficiency educational programming for students pursuing
academic degrees. The Company operates and is a 70% owner of Davis
University, a career training college located in Toledo, Ohio. In addition, the Company has a
recruiting relationship with the Miami
University Regional campuses, where it maintains residential
facilities, a full-service cafeteria, recreational facilities,
shuttle buses and an office for the regional campuses that provides
study abroad and post-study services for its students; these
facilities are not owned, maintained, operated or are a part of
Miami University. The Company is also a
recruiting agent for the University of the West of Scotland (through The Education Group
(London) Ltd) and Coventry University, both of which are located
in the UK. For more information, please
visit www.epicquesteducation.com/.
Safe Harbor Statement
Certain of the statements made in this press release are
"forward-looking statements" within the meaning and protections of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements include, without limitation, whether
enrollment and revenue at Davis University will increase in the
future. Forward-looking statements include statements with respect
to our beliefs, plans, objectives, goals, expectations,
anticipations, assumptions, estimates, intentions, and future
performance, and involve known and unknown risks, uncertainties and
other factors, which may be beyond our control, and which may cause
the actual results, performance, capital, ownership or achievements
of the Company to be materially different from future results,
performance or achievements expressed or implied by such
forward-looking statements. All statements other than statements of
historical fact are statements that could be forward-looking
statements. You can identify these forward-looking statements
through our use of words such as "may," "will," "anticipate,"
"assume," "should," "indicate," "would," "believe," "contemplate,"
"expect," "estimate," "continue," "plan," "point to," "project,"
"could," "intend," "target" and other similar words and expressions
of the future.
All written or oral forward-looking statements attributable to
us are expressly qualified in their entirety by this cautionary
notice, including, without limitation, those risks and
uncertainties described in our most recent Form 20-F and otherwise
in our SEC reports and filings. Such reports are available upon
request from the Company, or from the Securities and Exchange
Commission, including through the SEC's Internet website at
http://www.sec.gov. We have no obligation and do not undertake to
update, revise or correct any of the forward-looking statements
after the date hereof, or after the respective dates on which any
such statements otherwise are made.
Contacts:
EpicQuest Education Group International Limited
+1
513-649-8350
info@epicquesteducation.com
Investor Relations:
Precept Investor Relations
LLC
David Rudnick
+1 646-694-8538
david.rudnick@preceptir.com
Source: EpicQuest Education Group International
Limited
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SOURCE EpicQuest Education Group International Limited
