The New Initiatives are Expected to Increase
Enrollment at Both of its Owned and Operated Schools
MIDDLETOWN, Ohio, Jan. 16,
2024 /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
EduGlobal College launched its 'Canada's Top 3 Elite Training Program', and
that Davis University entered into a Memorandum of Understanding
with Hetu Education Technology Co., Ltd., located in Xinjiang,
China. The Company anticipates
that the new initiatives for its two owned and operated schools
will help to bolster its revenue in the coming periods.
"We believe that these new bold recruiting initiatives continue
to build on the success of our international recruiting. Our new
program offered by EduGlobal College offers a comprehensive and
unique solution for students who want to pursue higher education
and job opportunities in Canada.
In addition, the new collaboration that Davis University has
entered into has the potential to provide a steadily growing stream
of new students for Davis. Our growth strategy of
internationalization has led us to increase our focus on recruiting
from different regions in the world which we expect to increase
enrollment and revenue going forward," commented EpicQuest
Education CEO Jianbo
Zhang.
EpicQuest Education's EduGlobal College ("EduGlobal") officially
launched its 'Canada's Top 3 Elite
Training Program' at a special event at the Capital Club, a private
club serving high-level business people in China which is located on the 50th floor of
the Capital Building in Beijing.
Over 150 participants, either in person or online, joined us for
the live event. The Program provides a seamless academic transition
for students in China who aspire
to further their studies at top universities in Canada. Upon meeting the admissions and
requisite course requirements at EduGlobal, students will have the
opportunity to transfer to top universities in Canada.
EduGlobal is renowned for providing the very best of English
proficiency courses, providing international students with the
linguistic skill set needed in an academic setting. The Program
provides students with a solid English language foundation that
prepares students for academic studies and first-year courses that
may be transferred to Canadian universities while also providing
career planning and paid internship and employment services. The
Program also offers comprehensive life services which allows
students to focus on their academic journey. After graduation,
students with the intention of long-term residence in Canada can also receive professional
immigration consultation and services, including assistance with
visa extensions, work visa applications, permanent residency
applications, and legal and procedural advice from EduGlobal
partners.
In addition, EpicQuest Education's Davis University ("Davis")
entered into an Articulation Agreement with Hetu Education
Technology Co., Ltd. ("Hetu"), through Hetu's JNC Summer School
("JNC"), for JNC to (1) recruit non-degree students to take either
in person or online courses during the summer at Davis, and (2) to
recruit students to transfer to the Associate and Bachelor's Degree
programs of Davis. JNC was founded by Hetu and is one of the first
educational programs in China to
offer summer credit courses to international students. The growth
of summer courses offered to these students recruited by JNC is
expected to be sustainable and significant.
EEIQ's strategic plan is to achieve sustainable growth through a
strategy of internationalization. This refers to Davis College and EduGlobal College, our owned and
operated colleges, as well as our recruiting relationship with
Miami University Regionals. To achieve
its strategic goals, the Company is focused on broadening our
academic programming and diversifying and growing its student base.
EEIQ believes that its strategy of internationalization, which also
includes working collaborations around the world, brings out the
very best in academia and student achievement.
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 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. Forward-looking statements in this release include,
without limitation, whether the Company's recruiting relationships
will increase revenue and whether any increased revenue will be
sustainable. 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
