The Integration of AI in EEIQ's Davis
University and EduGlobal College Expected to Improve
Academic Outcomes
MIDDLETOWN, Ohio, July 17,
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 it has
embarked on a strategic plan to integrate AI into an array of its
operations as well as to leverage AI to improve student learning
and achievement.
"We believe that AI will bolster our mission of
internationalization since it will help to bridge language
barriers, bolster recruiting and admission, and optimize current
and future cross-cultural partnerships," said Zhenyu Wu, CFO of EpicQuest Education. "We plan
to integrate AI into a wide spectrum of our business activities and
believe that AI will revolutionize the way that institutions of
higher learning function. EpicQuest Education plans to be a leader
in the early adoption of this new and exciting technology."
On July 4, CFO Zhenyu Wu delivered a presentation entitled
'Higher Education in the Age of Artificial Intelligence' at an
event hosted by Davis University in Beijing. Among the many examples of the
benefits of AI cited are customized instruction, text-to-speech
technology, real-time translation for non-native speakers, new
educational programming and AI-driven data analytics.
"Our planned AI-powered tutoring and learning platform will
provide adaptive learning, real-time feedback and 24/7
availability, all of which have the potential to vastly improve
student engagement and achievement. Our approach is to provide a
blended model of both AI and traditional tutors which combines the
benefits of targeted learning feedback with human connection and
mentorship. We believe that the our future AI platforms will
increase in sophistication and become increasingly collaborative
for both students and teachers. AI can provide analytics on student
performance and course effectiveness, and it can enable early
intervention to improve graduation rates."
"Our goal is to empower our students to achieve academic
excellence and leverage AI in our operations to increase the ROI
for both our students and EpicQuest Education," concluded CFO
Zhenyu Wu.
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 in this press release include, without
limitation, the Company's ability to develop and integrate new AI
platforms into its offerings. 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
