MIDDLETOWN, Ohio, Aug. 4, 2022
/PRNewswire/ -- Elite Education Group International Limited
(Nasdaq: EEIQ), (the "Company" or "Elite Education Group
International"), a provider of comprehensive education solutions
for domestic and international students interested in college and
university programs in the US, Canada and the UK, today announced that it
signed a non-binding Memorandum of Understanding ("MOU") statement
of intent with PSB Academy ("PSB") of Singapore.
The purpose of the MOU is to develop partnership programs
between Davis College and PSB such as
credit transfer programs, undergraduate and postgraduate degree
pathway programs and additional programs of mutual interest. The
MOU is non-binding and any future cooperation is subject to the
availability of funds and the approval by the parties of definitive
agreements.
The MOU with PSB is an essential element of the Company's growth
strategy which is to create a more international academic
environment by developing cross-border educational collaborations
to diversify its student base and enhance its academic programs.
Elite Education Group International is intent to have its operated
colleges, Davis College and EduGlobal
College, become increasingly involved with international cultures
in order to offer enhanced globalized learning to its students as
well as pathways programs to achieve University degrees.
With today's announcement, Davis
College is continuing its mission to pursue cross-border
education partnerships with international schools to improve the
quality of its academic programming, offer students a more global
learning experience and to internationalize its student base. A
vital component of Elite Education Group International's growth
plan is to build cross-border relationships and make strategic
acquisitions around the globe to establish Elite Education Group
International as a truly international service provider of higher
learning.
Diane Brunner, President of
Davis College, commented, "With our
third potential international collaboration in recent months, we
are continuing to develop relationships with colleges around the
world to create an enriched academic experience at Davis College. We believe that the broadened
internationalization at Davis College
will create academic synergies and create an intercultural
educational experience that will better prepare our students for
the global economy."
About PSB Academy
PSB Academy is a private educational institution that offers
certificates, diplomas, bachelor's and master's degree programs in
Singapore. PSB offers degree
programs via its schools in business and management, engineering
and technology and life and physical sciences, among others. An
integral part of the school's mission for its diverse community of
students is to provide a teaching, learning and networking
environment that will enable them to be active innovators and
contributors to society. For more information, please visit
https://www.psb-academy.edu.sg/.
About Elite Education Group
International Limited
Elite Education Group International Limited ("Elite Education"
or the "Company"), through its subsidiaries Quest Holding
International LLC and Highrim Holding International Limited,
provides comprehensive education solutions for domestic and
international students interested in university and college degree
programs in the US, Canada and the
UK. The Company recently acquired 80% of the equity of EduGlobal
College, based in British Columbia,
Canada, which focuses on English proficiency educational
programming for students pursuing academic degrees. The Company
also recently acquired the right to a controlling equity ownership
position in Davis College, a career
training college located in Toledo,
Ohio. In addition, the Company has a recruiting relationship
with the regional campuses of Miami
University located in Oxford,
Ohio ("the MU 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 also acts as 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 United Kingdom.
For more information, please visit www.eei-global.net.
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.
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:
Elite Education Group International Limited
+1
513-649-8350
ir@eei-global.net
Investor Relations:
Precept Investor Relations LLC
David Rudnick
+1 646-694-8538
david.rudnick@preceptir.com
Source: Elite Education Group International
Limited
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SOURCE Elite Education Group International Limited