The Relationship with MU a Cornerstone of
EEIQ's Strategy of Internationalization
MIDDLETOWN, Ohio, May 30, 2023
/PRNewswire/ -- EpicQuest Education Group International Limited
(NASDAQ: EEIQ), ("EpicQuest Education", "EEIQ" or the
"Company"), a provider of comprehensive education solutions for
domestic and international students seeking college and university
degrees in the US, Canada and the
UK, today announced that on May 24,
2023, its wholly owned subsidiary, Quest Holding
International LLC ("Quest") and Miami
University entered into a Memorandum of Agreement (the
"Agreement"). The Agreement sets forth the terms for Quest to
recruit international students residing outside of the US for
admission to the Miami University
English Language Center at the Miami
University Regional Campuses. The Agreement is for
five-years as compared to the previous three-year agreements during
the past decade; the current agreement will begin on July 1, 2023 and end on June 30, 2028.
Jianbo Zhang, Chairman and CEO of
EpicQuest Education, commented "We are extremely pleased to renew
our agreement with Miami University to
recruit international students for the English Language Center at
Miami University Regionals. The program
offers international students the potential entrée into an elite US
university with world-class facilities and an outstanding academic
faculty. It also offers international students transformative
experiences in terms of personal growth, an expanded worldview and
a wider set of employment opportunities."
"Our strategic plan is to achieve sustainable growth
through our strategy of internationalization. This does not only
refer to our owned and operated colleges, but also includes our
recruiting relationship with Miami
University Regional Campuses. To achieve our strategic
goals, we are focused on broadening our academic programming and
diversifying and growing our student base. We believe that we
occupy a distinct niche in the education field and that our
strategy of internationalization brings out the very best in
academia and student achievement. The five-year renewal agreement
with MU is vitally important to the realization of EpicQuest's
strategic growth plan since its longer-term horizon will serve as a
key cornerstone for our business, and propel the Company forward to
fully implement its internationalization plans."
EpicQuest Education has a long-term recruitment
relationship with the Miami University
Regionals for the Middletown and
Hamilton campuses which dates back
to 2013. The Company offers comprehensive 'One-Stop' services to
international study abroad students attending the MU English
Language Center including pick-up services, private housing, dining
facilities, a gym, a student life center, safety guidance for
freshmen, academic guidance, advice for further education, legal
aid and medical escorting.
EEIQ's wholly owned subsidiary, Quest, coordinates the
pre-attendance service needs of students while its US office
coordinates and provides the actual study abroad and post-study
services. Quest is also responsible for developing the overseas
recruitment market for the MU English Language Center, which
includes assisting with English language testing, student
applications, visa services, pre-departure training, pick-up
arrangements, or any other accommodation arrangements as may be
required. The English Language Center at Miami
University Regionals continues to be a popular option for
international students as it offers a clear pathway to achieving
both a bachelor's and advanced university degrees.
The Miami University English
Language Center ("ELC") at Miami
University Regionals
The Miami University English
Language Center ("ELC") is an intensive English language program at
the Miami University Regional campuses
("MUR") that provides English language instruction to non-native
speakers of English. International students who satisfactorily meet
ELC required courses may enroll as a fully admitted MUR campus
student. Additional activities at MUR may include visits to sites
of local, regional and national interest as well as on-campus
activities designed to enhance international students'
understanding of American college campus life and the culture of
the US. For more information, please visit
https://miamioh.edu/regionals/academics/english-language-center/.
About Miami University Regionals
Miami University Regionals ("MUR")
includes three community-based locations of Miami University in Hamilton, Middletown and West
Chester. MUR provides open access for diverse learners to
high-quality applied education grounded in the liberal arts and
offers bachelor's and associate degrees with over 30 majors, some
of which are completely available online. MUR provides access to a
high-quality Miami University education
at an affordable price, offering one of the lowest tuition rates
among Ohio four-year universities.
Miami University is known as a "Public
Ivy" for its Ivy League collegiate
experience at a public school price. and is a highly regarded
public university with a national reputation. MUR had a Fall
2022 enrollment of approximately 3,500 students. For more
information, please visit
https://miamioh.edu/about/regionals.html.
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 college 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 College, a career training
college located in Toledo, Ohio.
In addition, the Company has a recruiting relationship with the
Miami University Regional campuses,
where it maintains student residential facilities, a full-service
cafeteria, recreational facilities, shuttle buses and an office for
the regional campuses that provides study abroad and post-study
counseling 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. For more information, please
visit https://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 meet the minimum student
guarantee described and to implement its international strategy as
described. 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