EEIQ's International Focus is a Strong
Competitive Advantage in Key Recruitment Channel
MIDDLETOWN, Ohio, April 4,
2023 /PRNewswire/ -- EpicQuest Education Group
International Limited (NASDAQ: EEIQ), (the "Company" or
"EpicQuest Education"), 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 as of
March 31, 2023, its applications to
the Miami University Regionals and
Davis College from high schools in
China with international curricula
for the 2023 academic year increased 72% to 93 applicants from 32
international high schools as compared to 54 applicants from 12
international high schools for the same period of the 2022 academic
year.
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"We are pleased with our strong increase in our year-over-year
recruitment metrics as they reflect our success in our mission to
internationalize our schools. Our international approach to our
academic programming that includes the knowledge and skills needed
for the current global job market is a natural fit for today's
international high school students. Further, we believe that our
relationships with numerous colleges and universities around the
globe perfectly align with students who value multicultural
experiences and an international curriculum," said Jianbo Zhang, Chairman and CEO of EpicQuest
Education.
"We believe that our recruiting for the study abroad program at
Miami University Regionals, practical
skills instruction at Davis College and
English proficiency training at EduGlobal College occupy distinct
growth niches given their focus on international markets. We
believe that our international strategy can effectively counter the
recent headwinds in college enrollment attributable to the current
labor shortage and the lingering effects of the pandemic. Our
unique educational opportunities for both domestic and
international students can produce superior educational and
employment outcomes for our students. We believe that our
international growth strategy will continue to evolve and that it
will be beneficial for all of our stakeholders," CEO Jianbo Zhang concluded.
In addition to the year-over-year increase in international high
school recruiting, EpicQuest Education was also successful in
directing its focus towards this recruiting channel. The Company's
applications from international high schools for the 2023 academic
year accounted for 61% of Miami
University Regionals and Davis
College student applications as compared to only 30% for the
2022 academic year. The application period typically runs from the
beginning of October to the end of March, but due to the impact of
the pandemic, the application cycle for international schools for
the first half of 2023 will continue until the end of May. In
addition, EEIQ expects more applications from this channel over the
next couple of months.
Consistent with its international growth strategy, the Company
has determined that international high schools will become its
premier recruitment channel going forward, and EEIQ plans to engage
directly with its potential international high school customers and
deploy primary service products that enrich their educational
experience that include an array of support services; the Company
believes that this will help to ensure the long-term development of
the international high school channel. The Company also believes
that this will result in stronger enrollment metrics that are in
sync with its mission of internationalization. The role of
third-party intermediaries will also be diminished which will
afford more direct and accurate communications with students and
their parents.
The Company believes that its international study abroad service
platform is unique in both its dimension and scale. Its primary
service products include pre-entry preparatory classes, campus
guidance and one-on-one tutoring to help students maximize their
academic gains during the study abroad process. The Company's
operating subsidiaries also provide admission planning and
applications services with a focus on essay and applications
services for international school and university cooperative
programs; post-study abroad services include advising as to
post-graduate program opportunities.
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 is a 70% owner and operates
Davis College, a career training
college located in Toledo, Ohio.
In addition, the Company has a recruiting relationship with the
Miami University Regionals (the
Middletown and Hamilton 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, 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
ir@eei-global.net
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