EEIQ Anticipates Dynamic Growth in its New
Sports Entertainment Segment
MIDDLETOWN, Ohio, Jan. 18,
2024 /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 its
recently established Ohio company,
SouthGilmore LLC ("SouthGilmore"), has entered into an agreement
with the Argentine Football Association (the "AFA"), for the
Argentina Men's National
Soccer Team to play two exhibition matches in China.
"We believe that the soccer exhibition games with the Argentine
Men's National Team will lead to additional sports entertainment
projects, which is a new and potentially dynamic revenue stream for
the Company," said Zhenyu Wu, Chief
Financial Officer of EpicQuest Education. "We anticipate that the
exhibition matches will also serve as a firm foundation for our new
education programs related to kinesiology and recreation education
where we see wide-ranging synergies. We believe that the new
business segment will have a positive impact on the Company's
top-line results in future reporting periods. We look forward to
seeing star soccer player Lionel
Messi take the field in China!"
As previously announced, EpicQuest Education established a
wholly-owned subsidiary, Gilmore Inv LLC, that will offer
international educational programs related to kinesiology and
recreation education that will be offered by both Davis University
and EduGlobal College. SouthGilmore has been formed to organize
sports entertainment projects, and is 40% owned by Gilmore with
EpicQuest Education maintaining control of SouthGilmore's Board of
Managers and heading its management team.
Per the agreement between SouthGilmore and the AFA, the
Argentina Men's National Soccer Team has agreed to play two matches
in China between March 18 – 26, 2024. Press conferences and
extensive promotional activities will be scheduled to publicize
these matches. Additional provisions in the agreement call for
SouthGilmore to remit a payment to the AFA for the matches and to
cover certain expenses such as transportation and lodging, while
the AFA has agreed to field the team that won the World Cup at the
Qatar 2022 World Cup.
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
University, 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.
EpicQuest Education recently established a wholly owned
subsidiary, Gilmore Inv LLC, 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/. For additional information
about the agreement between SouthGilmore and the AFA, please see
the Form 6-K filed by the Company on the date hereof.
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. Forward-looking statements in this press release
include, without limitation, whether the new business segment will
have a positive impact on the Company's top-line results in future
reporting periods. 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