Enrollment Expected to Reach at Least
138 Students in 2025 Reinforcing the Internationalization of EEIQ's
Mission
MIDDLETOWN, Ohio, April 12,
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 that
Davis College, which is 70%-owned by
the Company, and Chongqing Technology and Business Institute
("CTBI"), signed a Supplementary Agreement (the "Agreement")
whereby CTBI students will attend Davis
College, and upon completion of course requirements, will
receive Diplomas and Associate Bachelor degrees. The term of the
Agreement will last through June 2025
and can be renewed thereafter. The Agreement updates the Master
Agreement signed by the two parties in November 2022 and effectuates a Memorandum of
Understanding that was signed in June
2022.
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Diane Brunner President of
Davis College, commented, "Our
agreement with Chongqing Technology and Business Institute
reinforces our commitment to create an international academic
experience at Davis College. We believe
that the internationalization of Davis
College will create academic synergies and an enriched
intercultural educational experience for our students. We continue
to focus on developing new career training programming that will
expand our students' options in today's challenging job
market."
As per the Agreement, a cohort of 46 student will enroll in the
CTBI and Davis College joint program
each year for a period of three years leading to a Diploma and
Associate Bachelor's degree in Interior Design. CTBI students
entering Davis College will consist of
46 students to enter the program each year. Therefore, at least 46
CTBI students will be enrolled in the program in September of 2023,
at least 96 CTBI students will be enrolled in the program in
September of 2024, and at least 138 CTBI students will be enrolled
in the program in September of 2025. As part of the Agreement's
bilateral exchange activities, CTBI will send a team of faculty and
staff members to visit Davis College in
August 2023.
With this Agreement, EEIQ continues to execute upon its
strategic growth plan of internationalization. As
previously announced, the Company has signed six Memoranda of
Understanding with institutions of higher learning to
internationalize its academic programming and enhance its students'
academic experience. In addition, EEIQ recently announced news
regarding international recruiting in LATAM and improved metrics at
international high schools which reinforces the
internationalization of its student demographic thereby creating a
higher level of diversity and inclusiveness. The Company expects
that the numerous MOUs that it has entered into will also culminate
in agreements for educational partnerships and exchanges with
international colleges and universities. The Company's goal is to
establish EpicQuest Education as a truly international service
provider of higher learning.
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, 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 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 https://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 is a 70% owner of and operates
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 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 expected number of students to be enrolled at
Davis College over the next three
years, and 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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