EEIQ's Internationalization Strategy Expected
to Increase Student Enrollment and Amplify the Strong
Academics at Davis College
MIDDLETOWN, Ohio, June 13,
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
Davis College signed a non-binding
Memorandum of Understanding (the "MOU") with Urumqi Vocational
University ("UVU"), located in Xinjiang, China, and a non-binding MOU with Hetu
Technology Co, Ltd. ("Hetu"), also based in Xinjiang, China. The Company believes that the
nonbinding MOUs will allow for separate strong collaborations with
the two organizations.
EEIQ's MOUs Expected to Generate a Positive
ROI for the Company
Jianbo Zhang, Chairman and CEO of EpicQuest Education,
commented, "We are pleased to enter into these two MOUs as we
further our goal of internationalization. Our twelve potential
global collaborations are vital to the academic success and broader
career options that we provide to both of our college's students,
and we believe that the collaborations will ultimately lead to an
increase in enrollment."
"The two potential collaborations will enable EpicQuest
Education to expand its international presence with overseas
students as well as provide an enriched intercultural experience
for our Davis College students. We look
forward to the development of definitive agreements to provide our
coursework to overseas students which would potentially increase
our enrollment and achieve a positive ROI for the Company,"
concluded CEO Jianbo Zhang.
The purpose of the MOU between Davis
College and UVU is to collaborate on educational programs
including student exchange and dual degree programs, academic and
research exchange projects, and the exchange of faculty.
The MOU will be effective for five years.
The purpose of the MOU between Davis
College and Hetu is to develop a project for international
students outside of the US to study American undergraduate courses
in China taught by Davis College faculty. Also, academic transcripts
for the courses completed in China
will be jointly issued by Davis College
and collaborating universities in China. Upon completion of the two-year
program, students not only enhance their English proficiency and
gain valuable international academic experience, but the program
serves as a foundation for future academic studies at the
collaborating university in China
or universities in the US through their articulation agreements
with Davis College. The MOU will be
effective for five years.
The Company believes that its global collaborations are a key
element of its mission of internationalization. A vital component
of EpicQuest Education's growth plan is to have its operated
colleges, Davis College and EduGlobal
College, become increasingly connected to international programs in
order to offer enhanced globalized learning to its students as well
as pathways to achieve university degrees. The Company's strategic
growth plan is to achieve growth in enrollment through
international expansion and to establish EEIQ as an international
service provider of higher learning.
About Urumqi Vocational University
Urumqi Vocational University ("UVU"), established in
1985, is a comprehensive full-time general vocational college.
UVU has five campuses, and offers certificate programs, language
courses, and bachelor, master's and Ph.D. programs. UVU offers
courses in business, engineering, social sciences, aviation and
aeronautical sciences, law, and architecture and design. UVU is
located in the city of Urumqi, Jinxiang County, China.
About Hetu Technology Co, Ltd.
Hetu Technology Co, Ltd. ("Hetu") was established in 2011 and
originated from the Ivy League undergraduate credit course system
in the United States. Its main
business brand, JNC International Summer International School
(JNC), focuses on promoting international exchange and visiting
study programs. It provides consultation and promotion services for
summer course programs of domestic and international partner
colleges and universities. JNC assists international students on
their academic journeys by providing an array of high-quality
courses in China taught by faculty
from JNC's academic partner institutions in the US and Canada. Its student recruiting are spread
across more than 300 universities in North America. For more information, please
visit http://en.jncabroad.com/.
About Davis College
Davis College was founded in 1858
and is a private career-training college located in Toledo, Ohio. Davis
College 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 College 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, Davis College 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. Davis
College 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
https://www.daviscollege.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 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 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. 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, whether the collaborations discussed in the press
release will ultimately lead to an increase in enrollment at
Davis College and the Company's ability
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