TORONTO, Sept. 21,
2023 /PRNewswire/ -- Visionary Education Technology
Holdings Group Inc. (the "Company") (NASDAQ: VEDU), a private
education provider located in Canada, with subsidiaries in Canada and market partners in China, today announced the Company has decided
to diversify its business into three sectors: Education, Life
Sciences, and Artificial Intelligence. In addition, the Board has
appointed Mr. Charlie Penn as our
Chief Operating Officer, effective September
14, 2023.
The global recovery from the pandemic has spurred some economic
growth, especially in the education sector. This growth demands
higher efficacy and efficiency in education and training,
particularly with the use of the latest Artificial Intelligence
("AI") technology for better life quality and living style.
Therefore, the company is expanding its business to reflect its
focus on the new generation of Education, AI and Life Science,
including the expansion into life sciences for a future synergy
from those exciting breakthroughs in technology. The wide-ranging
integration of AI into nearly every market sector has sparked a
significant demand for the corresponding educational components
required to fully leverage this advanced technology. The Company,
already a leader in the education sector, will now participate in
the massive task of educating the global community to work in
parallel with the latest AI developments. This initiative,
demanding heightened efficacy and efficiency in education and
training, is set to elevate the quality of life and lifestyle for
populations around the world.
The Board has appointed Mr. Charlie
Penn to serve as the Company's Chief Operating Officer due
to his extensive investment and education management experience. In
1999, he invested in Canada
Princeton College and served as an
executive director. He led the management upgrade of the college
from being registered by the BC PCTIA to being recognized as a
college accreditation, offering Pre-University English, Business
Diploma, and University credit transfer courses. A large number of
international students enrolled in multiple Canadian and US
universities after completing the college's English and
Pre-University courses. Mr. Penn presided over the signing of
distance education cooperation agreements with Lincoln University, Central University, and City
University in the United States,
offering MBA/BBA distance education classrooms, and organizing
course exams and graduation ceremonies for American universities at
the college in British Columbia.
Mr. Charlie Penn also engaged in
industrial real estate investment in 2007 and served as the
Executive Director of Birmingham Holdings (Hong Kong Main Board
Listed Companies stock code 02309) and the Executive Director of
English Premier League Football Club in 2013, responsible for the
management of the listed company's business and sports real estate
operations. Mr. Penn earned two diplomas in Administration and
Computer Applications, and also completed a Master's level program
in Political Economy from Peking University through on-the-job
education.
Ms. Fan Zhou, Chief Executive
Officer and Chairman of the Board of the Company, commented: "We
are excited to welcome Mr. Charlie
Penn to the Company, Mr. Penn's rich experience in education
and investment management will bring deep and valuable vision to
guide the Company to the next level of success. I look forward to
working closely with him."
About Visionary Education Technology Holdings Group
Inc.
Visionary Education Technology Holdings Group Inc.,
headquartered in Toronto, Canada,
is a private education provider located in Canada, with subsidiaries in Canada and market partners in China, that offers high-quality education
resources to students around the globe. The Company aims to provide
access to secondary, college, undergraduate and graduate and
vocational education to students in Canada through technological innovation so
that more people can learn, grow and succeed to their full
potential. As a fully integrated provider of educational programs
and services in Canada, the
Company has been serving and will continue to serve both Canadian
and international students. For more information, visit the
Company's website at https://ir.visiongroupca.com/.
Forward-Looking Statements
All statements other than statements of historical fact in this
announcement are forward-looking statements. These forward-looking
statements involve known and unknown risks and uncertainties and
are based on the Company's current expectations and projections
about future events that the Company believes may affect its
financial condition, results of operations, business strategy and
financial needs. Investors can identify these forward-looking
statements by words or phrases such as "believes," "expects,"
"anticipates," "estimates," "intends," "would," "continue,"
"should," "may," or similar expressions. The Company undertakes no
obligation to update or revise publicly any forward-looking
statements to reflect subsequent occurring events or circumstances,
or changes in its expectations, except as may be required by law.
Although the Company believes that the expectations expressed in
these forward-looking statements are reasonable, it cannot assure
you that such expectations will turn out to be correct, and the
Company cautions investors that actual results may differ
materially from the anticipated results and encourages investors to
review other factors that may affect its future results in the
Company's registration statement and in its other filings with the
SEC.
For more information, please contact:
Visionary Education Technology Holdings Group Inc.
Investor Relations Department
Email: ir@farvision.ca
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SOURCE Visionary Education Technology Holdings Group Inc.
