EEIQ's Mission of Internationalization
Expected to Result in Strong FYE Operating Metrics
MIDDLETOWN, Ohio, May 7, 2024
/PRNewswire/ -- EpicQuest Education Group International Limited
(NASDAQ: EEIQ), ("EpicQuest Education", "EEIQ" or the
"Company"), a provider of higher education for domestic and
international students in the US, Canada and the UK, today announced that its
Chief Financial Officer, Zhenyu Wu,
and Board of Director's member, Craig
Wilson, provided Company updates in a recent interview with
Global Market Bulletin (GMB), which is a leading provider of
financial news and economic information for investors including
stock market updates, analyst investing reports and executive video
interviews.
The GMB webcast with CFO Zhenyu
Wu and Independent Board Member Craig Wilson can be viewed
at Global Market Bulletin at its YouTube channel: EpicQuest
Education (Nasdaq: EEIQ): Transforming Global Education.
"Craig and I are glad to have provided a corporate update in our
interview with Global Market Bulletin where we conveyed strong
growth metrics for our owned and operated colleges," said
Zhenyu Wu, CFO of EpicQuest
Education. "Our mission of internationalization underpins our
growth strategy and we are pleased to have shared an array of
initiatives that we have undertaken that we believe will be very
successful as new revenue streams for the Company."
Among the take-aways from the interview are:
- The Company continues to be focused on providing a
great return on investment for its students because of its
focus on practical, career-focused education.
- The Company's enrollment metrics are growing as compared
to the national trend which has shown a decrease in student
enrollment in higher education.
- Pathway and collaborative programs are a vital element
of the Company's providing options to its students to optimize
their academic journeys.
- Davis University's heightened status and reputation, along with
its four-year Bachelor's degree in Business will help
in both its domestic and international recruiting and offers a
career path into many professions.
- EduGlobal College's 'Canada Top 3 Elite' Program
provides a turnkey approach and offers a spectrum of academic
programs and services for Chinese students who want to transfer to
Canadian universities: these include a solid English foundation,
help with the transfer process, career planning, comprehensive life
services and long-term residency advisory consultations.
- The Company's recruiting office in Sri Lanka comprises a brand new team and
aligns with its mission of internationalization as it provides an
important overseas hub for recruiting from China, India,
Malaysia, the Philippines and Singapore.
- Davis University's new STEM programs in Data Science
and Computer Engineering continue to attract international
students, especially those from China and India who continue to view the US as the most
attractive overseas study abroad country. Overseas study from
India has increased by 35% for the
2022-23 academic year and the Company views India as a highly attractive recruitment
market.
- The Company's premier foundational program at
preeminent Peking University increased 300% midway through the
recruiting season, with an expected 8x increase by September 2024 as compared to the year-ago
period. This represents an additional revenue stream for the
Company and it will also help direct new students into its two
schools, Davis University in Ohio
and EduGlobal College in Vancouver.
- Board member Craig Wilson added
that the Company has sustainable growth through a strategy of
internationalization, and that it engages early in the process
with its foundational programs and international collaborations to
ensure enrollment at the Company's two campuses. The Company's
recruiting is diverse and effective, but the key is the Company's
messaging of a one-stop holistic approach that provides options to
students to help them do what is best for them.
- Board member Craig Wilson
summarized that students are the Company's customers and a
student-centric approach combined with EEIQ's growth strategy
of internationalization will be successful in the long-term.
- CFO Zhenyu Wu concluded the
interview by discussing the Company's growth strategy which
includes entering the sports education and entertainment segment
and making strategic acquisitions where appropriate. CFO
Zhenyu Wu added that the Company has diversified sources of revenue
and a highly experienced management team that will lead to strong
growth in student enrollment growth and growth in the value of the
Company.
EpicQuest Education's Mission of Internationalization
The Company believes that internationalization is a key element
of its strategic growth plan. EpicQuest Education's growth plan is
to have its operated colleges, Davis University and EduGlobal
College, become increasingly focused on international recruiting
and enhanced globalized learning to its students as well as
pathways to achieve university degrees. The Company's strategic
growth plan is to achieve international expansion and establish
EEIQ as a truly international service provider of higher
learning.
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 University degrees in the US, Canada and the UK. The Company owns and
operates EduGlobal University, 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 University 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. EpicQuest Education recently established a wholly owned
subsidiary, Gilmore Inv LLC, in Ohio, that will offer international
educational programs related to kinesiology and recreation
education. The Company also established a company in Ohio, SouthGilmore LLC that has been formed to
organize sports-related entertainment projects, which is 40% owned
by Gilmore. 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. 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.co
Source: EpicQuest Education Group International
Limited
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SOURCE EpicQuest Education Group International Limited
