Davis College's
Key Strides in Recruitment and Programming Expected to Result
in Increased Revenue Generation
MIDDLETOWN, Ohio, Oct. 10,
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 an
operations update for Davis College
that encompass the school's progress in its international
recruitment, collaborative programming and regulatory
approvals.
Diane Brunner, President of
Davis College, commented, "We are
pleased to see strong progress in our recruiting at Davis College with nearly a three-fold increase in
international student enrollment for the current academic quarter
as compared to the year-ago period. This is consistent with our
mission of internationalization which offers students an enriched
intercultural educational experience while increasing our
enrollment. Also, our agreement with a premier recruitment agent in
China diversifies our own
recruiting efforts which we believe will deepen Davis College's recognition in all of Southeast Asia."
"We are committed to offer our students a wide range of
educational programing which is exemplified by our collaboration
with Peking University, a preeminent educational institutional in
China. We are also pleased to have
received notice from the Higher Learning Commission that enables us
to offer a wide range of online courses that provides optimal
flexibility for our students to experience our elite
career-oriented professional training. Our core mission of
internationalization helps Davis
College students reach their full potential and better
prepare them for careers in the global economy."
International Enrollment: A Big Surge for the First Academic
Quarter of 2023
As of September 30, 2023, Davis
has enrolled 102 international students for the first academic
quarter of 2023 (from August 21 to November
3). This compares with 35 international students that were
enrolled at Davis in this same academic quarter in 2022, which
represents a 191% increase, and 18 international students that were
enrolled in this same academic quarter in 2021. The substantial
increase in international enrollment for the first academic quarter
of 2023 includes 50 international students through the agreement
with Chongqing Technology and Business Institute and 42
international students through EEIQ's foundational programs in
China.
International Recruitment: Agreement with the Leading
Recruiter in China
On July 1, 2023, Davis entered
into an agreement with Beijing New Oriental Vision Overseas
Consulting Co., Ltd. ("New Oriental Consulting") whereby New
Oriental Consulting will act as a non-exclusive recruiting agent
for Davis for a period of three years. New Oriental Consulting is
the largest recruitment agent for students in China and recruits for top colleges and
universities in the US and around the world.
Collaborative Programming: Training Program at Peking
University
On August 10, 2023, Davis entered
into an agreement with Peking University School of Education for a
two-year continuing education and training program. During the
first two years of the program, Davis
College students take course work on the main campus of
Peking University; the remainder of the course work is to be taken
on Davis; campus in Toledo, Ohio,
leading to the attainment of degrees. The education program with
Peking University, a preeminent university in China, began on September 1, 2023, with an enrollment to be
capped at 50 Davis College students.
Peking University is regarded as one of the largest and highest
ranked universities in China.
Regulatory Approval: Higher Learning Commission Accredits
Online Education
On September 12, 2023, the Higher
Learning Commission (HLC) approved Davis
College for all of its education courses and programs that
are offered online. HLC indicated that since Davis has met the
threshold requirement for online education, it does not need to
seek further online education approvals from HLC. The HLC is an
independent corporation is one of seven regional accreditors in the
US that accredits degree-granting post-secondary educational
institutions.
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 to its offering a
four-year Bachelor of Science in Business degree which began in the
Fall of 2023, 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 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 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 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. Forward-looking statements in this release include, without
limitation, the Company's ability to generate increased revenues
from its recent collaborations.
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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