EEIQ Estimates that the New Agreement has the
Potential to Increase its International Student Enrollment by
at Least 20%
MIDDLETOWN, Ohio, Nov. 20,
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
Davis University recently entered into a Transfer Articulation
Agreement (the "Agreement") with The Center of Advanced Studies,
based in Tokyo, Japan, that
operates international study programs in numerous schools in
Southeast Asia and South America. The Agreement, effective
December 1, 2024, establishes a
pathway for international students from five Southeast Asian and
South American colleges and universities to complete associate and
bachelor's degrees in business at Davis University.
"We believe that this Agreement can lead to a 20-25% increase in
international student enrollment since it provides an excellent
pathway for students from Southeast Asian countries to study in the
US at Davis University," commented Diane
Brunner, President of Davis University. "The Agreement also
enables us to more easily enter countries in the Southeast Asian
and South American markets and develop new relationships. It will
also give us the opportunity to establish our foundational programs
that exports our academic programming and that creates a sizeable
international student recruiting pool."
The Agreement between Davis University ("Davis") and The Center
for Advanced Studies ("CAS") establishes a transfer pathway by
facilitating the transfer of credits for students from colleges and
universities where CAS operates its International Studies
Program to enroll in Davis' associate and bachelor's degree
programs for business. International students from the CAS
International Studies Program may start coming to Davis as
soon as the Spring 2025 semester.
CAS offers its International Studies Program at multiple
campuses including at Kanda Institute of Foreign Languages
(Tokyo, Japan), The American University of Yangon (Yangon,
Myanmar), Nawaloka College of Higher Studies (Colombo, Sri Lanka) and SISINTEL, S.A.,
(Guayaquil, Ecuador), and the
Advanced University Programs International Institute (Cuenca and
Guayaquil, Ecuador). Other sites
are under development for CAS' International Studies
Program with partner colleges in other countries.
EpicQuest Education's Strategy of
Internationalization
EpicQuest Education believes that its collaborative programs for
Davis University and EduGlobal College, its two owned and operated
institutions of higher learning, are a key element of its
internationalization strategy to expand its student enrollment and
academic programming. The Company's strategy provides enhanced
globalized learning and enriched multicultural experiences that can
help students reach their full potential and better prepare them
for careers in the global economy. Further, EpicQuest Education's
strategic growth plan has increased its international student
enrollment in recent periods which can lead to strong and
sustainable financial results.
About Davis University
Davis University ("Davis") was founded in 1858 and is a private
career-training University 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 offering numerous associates degrees,
and a bachelor's degree in business, Davis 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. It also has
articulation agreements with several international schools for the
transfer of credits to attend Davis. 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.davisuniversity.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 University 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 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 ("Gilmore"), 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 estimates on the increase in student
enrollment from the Agreement. 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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