EEIQ's New Kinesiology and Recreational
Education Programs and Sports Entertainment Segment
Represent a New Strategic Direction that is Expected to
Bolster Student Enrollment
MIDDLETOWN, Ohio, Jan. 30,
2024 /PRNewswire/ -- EpicQuest Education Group
International Limited (NASDAQ: EEIQ), ("EpicQuest Education",
"EEIQ" or the "Company"), a provider of higher education for
domestic and international students in the US, Canada and the UK, today announced current
enrollment metrics for its owned and operated schools, Davis
University and EduGlobal College.
"We are beginning to see a significant uptick in enrollment as a
result of our expanded recruitment efforts which we believe will
lead to an increase in revenue in future periods," said
Zhenyu Wu, Chief Financial Officer
of EpicQuest Education. "We recently opened a recruiting office in
Sri Lanka to serve as our main hub
to attract students from Southeast
Asia and the Middle East in
order to expand our geographical recruiting for international
students."
"The fields of physiology, physical health and exercise are
becoming increasingly important with its focus on fitness,
nutrition and public health, and our new educational programs in
kinesiology and recreational education program equip our students
with new career options. We believe that these new educational
programs will create synergistic opportunities with our sports
entertainment segment and a sustainable tailwind for corporate
growth," concluded CFO Zhenyu
Wu.
EduGlobal College: As most students begin with the Fall
semester, the Company believes that it performing very well in
recruiting students during the academic year, with this effort
expected to lead to a substantial increase in revenue. In the Fall
2023 semester, 13 students arrived at EduGlobal College and began
their iUPP academic program. For the Spring term beginning in
January 2024, the number increased by
192% year-over-year to a total of 38 students in the iUPP program,
not including the 15 students whose visa applications are
pending.
Davis University: There were 12 students enrolled in the
foundational program of Davis University at Peking University for
the Fall 2023 term beginning in September of 2023; the foundational
program is a structured course of study for the acquisition of
academic skills and knowledge needed to enter degree programs at
Davis University. For the Spring semester beginning in January of
2024, an additional 10 students were enrolled in the program,
representing an 83% increase. There are now a total number of 60
students who are enrolled in the two foundational programs of Davis
University.
Miami University Regionals: A
total of 16 students entered the English Language Center at
Miami University Regionals for the
Spring 2024 term, representing a 46% year-over year increase as
compared to the number of students registered in the Spring 2023
term.
EpicQuest Education's strategic plan is to achieve sustainable
growth through a strategy of internationalization. To achieve our
strategic goals, we are focused on broadening our academic
programming and diversifying and growing our student base. We
believe that our strategy of internationalization, which also
includes working collaborations around the world, brings out the
very best in academia and student achievement.
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/.
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, the amount of the revenue that may be
received from the increased enrollment. 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