New initiatives to strengthen EEIQ's earnings are expected to begin this fiscal year
middletown ohio, May 2, 2024 /PRNewswire/ — EpicQuest Education Group International Limited (NASDAQ: EEIQ) (“EpicQuest Education,” “EEIQ,” or the “Company”) provides higher education to students in the United States and abroad. Canada And the UK today announced four agreements aimed at increasing enrollment and revenue at its owned and operated schools, EduGlobal College and Davis College.
“These recently signed agreements reflect a unique strategy aimed at increasing enrollment at both EduGlobal and Davis.” Wu Zhenyu, Chief Financial Officer of EpicQuest Education. “The contract with St. Paul International Academy leverages global recruitment in high schools to ultimately enroll in our two schools.The recruitment contract with Hetu Education Technology leverages EduGlobal and the enrichment at Davis This is a niche program that aligns with our mission to provide students with a practical, career-oriented education. It represents the human resources recruitment market.”
“Our growth strategy of internationalization has resulted in increased recruitment from different parts of the world, supported by a number of academic collaborations and improvements to our academic programs that better meet the needs of our students. , we believe that enrollment and revenue will increase,” CFO at EduGlobal and Davis. Wu Zhenyu concluded.
Two Memoranda of Understanding (MOU) between EEIQ’s EduGlobal College (“EduGlobal”) and Davis College (“Davis”) and St. Paul International Academy (“”)st paul“) provides that both EduGlobal and Davis will engage in marketing and recruiting to advance the online dual degree initiative. st paul program. This includes EEIQ's two schools recruiting participants for the program from around the world and providing academic and English language support to students who wish to apply to St. Paul's High School's dual degree program. This includes:
This dual degree program allows high school students from around the world to earn a U.S. international high school diploma. We believe that this diploma will greatly help such students continue their academic journey in the US university system. Canada. Additionally, this is an opportunity for EduGlobal and Davis to enroll these students in their schools after completing the program. Two MOUs were signed April 28, 2024the contract period is 5 years from the date of signing.
Two memoranda of understanding between EduGlobal and Davis and Hetu Education Technology Co., Ltd. (“Hetu Education”) are aimed at recruiting transfer students and improving the grade point average of current students. . Hetu Education will be responsible for marketing her two programs, EduGlobal and Davis, for students with Chinese nationality and study permits in the United States. Canada. Two MOUs were signed April 25, 2024and those terms are from April 15, 2024 to August 31, 2027subject to 90-day termination rights by either party.
We believe that joint programs with other schools constitute an important element in our mission of internationalization. A key element of EpicQuest Education's growth plan is operating universities. davis college and EduGlobal College are increasingly connected with international programs to provide students with advanced globalized learning and pathways to advanced degrees. Our strategic growth plan is to achieve international expansion and establish EEIQ as a truly international higher education service provider.
About EpicQuest Education Group International Limited
EpicQuest Education Group International Limited (“EpicQuest Education” or the “Company”) provides comprehensive educational solutions for domestic and international students pursuing U.S. college and university degrees. Canada And England. We own and operate his EduGlobal University based in: british columbia, canadafocuses on English language proficiency programs for degree-seeking students. The Company operates the Career Training College located at Davis College and is a 70% owner of it. toledo, ohio. Additionally, our company has the following personnel recruitment relationships. University of Miami Regional campuses maintain residential facilities, full-service cafeterias, recreational facilities, shuttle buses, and regional campus offices that provide study abroad and post-study services to students. We do not own, maintain, operate, or be a part of these facilities. University of Miami. Our company is also a recruitment agent for Western European universities. Scotland (Through the Education Group (London) Ltd) and coventry Both universities are located in the UK. EpicQuest Education recently established a wholly owned subsidiary, Gilmore Inv LLC, in the United States. Ohio, offers international educational programs related to kinesiology and recreation education. We also Ohio, South Gilmore LLC, which was formed to organize sports-related entertainment projects and is 40% owned by Gilmore. Learn more about. www.epicquesteducation.com/.
Safe Harbor Statement
Certain statements made in this press release are “forward-looking statements” within the meaning and protection of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. is. Forward-looking statements include statements regarding our beliefs, plans, objectives, goals, expectations, forecasts, assumptions, estimates, intentions and future performance and are subject to known and unknown risks, uncertainties and other factors. may be beyond our control. This may also cause our actual results, performance, equity, ownership or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact may be forward-looking statements. These forward-looking statements include statements such as “may,” “will,” “expected,” “assumed,” “should,” “suggest,” “will,” or “believe.” can be identified by the use of words such as ” and “contemplate.” “expect,'' “estimate,'' “continue,'' “plan,'' “indicate,'' “project,'' “may,'' “intend,'' “target,'' and Other similar words and expressions regarding the future. Forward-looking statements in this press release include, without limitation, whether the MOU described above will result in increased enrollment and revenue for EduGlobal and Davis;
All written and oral forward-looking statements attributable to us are subject to the risks and uncertainties described in our most recent Form 20-F and our SEC reports and filings. , is expressly qualified in its entirety by this cautionary notice. Such reports are available upon request from us or the Securities and Exchange Commission, including through the SEC's Internet website at http://www.sec.gov. The Company undertakes no obligation, and undertakes no obligation, to update, revise or revise any forward-looking statements after the date of this document or the respective dates on which such statements are otherwise made.
contact address:
EpicQuest Education Group International Limited
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david rudnick
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Source: EpicQuest Education Group International Limited
SOURCE EpicQuest Education Group International Limited