MIDDLETOWN, Ohio, Sept. 12,
2022 /PRNewswire/ -- EpicQuest Education Group
International Limited ("EpicQuest Education" or the "Company")
(NASDAQ: EEIQ), 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 both
Davis College ("Davis") and EduGlobal
College ("EduGlobal") signed non-binding Memorandums of
Understandings (MOUs) with ICBT Campus of Sri Lanka ("ICBT"); the MOUs have a term of
five years effective August 30, 2022.
In addition, Davis and EduGlobal have entered into agency
recruitment agreements ("Agency Agreements") with ICBT that
designates ICBT as their exclusive recruiting agent in Sri Lanka for a term of three years effective
September 1, 2022.
"We are pleased to enter into these agreements with ICBT as we
seek to further realize our goals of diversity, inclusion and
internationalization. We are committed to expand our educational
ecosystem through our numerous potential collaborations to provide
an enriched intercultural educational experience for our students.
The agreements also reflect synergies between Davis College and EduGlobal College where we can
effectuate collaborations and relationships with international
colleges and universities to the benefit of both of our schools,"
said Jianbo Zhang, Chairman and
Chief Executive Officer of EpicQuest Education.
The purpose of the MOU between Davis and ICBT will be to
mutually benefit from academic collaborations including the
potential (1) exchange of academic staff for the purposes of
teaching and research, (2) exchange / study abroad programs for
students, (3) participation in joint seminars, lecturers, training,
and academic meetings, (4) exchange of research materials in fields
of mutual interest, (5) research / consulting contracts, and (6)
exploring potential program collaborations. The purpose of the MOU
between EduGlobal and ICBT is to explore opportunities for a formal
partnership in the areas of (1) English for academic purpose
pathway, (2) academic bridging programs, (3) student recruitment,
and (3) teaching and research opportunities. The MOUs are
non-binding and any future cooperation is subject to the
availability of funds and the approval by the parties of definitive
agreements.
The Agency Agreements between Davis and EduGlobal, and ICBT,
designates ICBT as the two colleges' exclusive recruiting agent in
Sri Lanka whereby ICBT will engage
in a wide range of activities to recruit prospective students to
the two schools. Such activities include publicity activities that
provide information about academic programming, assistance with
applications and visas, and other services that could help
prospective students with the matriculation process.
EpicQuest Education is intent to have its operated colleges,
Davis College and EduGlobal College,
become increasingly involved with international collaborations in
order to offer enhanced globalized learning to its students as well
as pathway programs to achieve advanced university degrees. A vital
component of the Company's growth plan is to build cross-border
relationships and to make strategic acquisitions around the globe
to establish EpicQuest Education as a truly international service
provider of higher learning.
About ICBT Campus, Colombo,
Sri Lanka
ICBT Campus ("ICBT"), also known as International
College of Business and Technology, conducts internationally
recognized educational programs in association with universities
and educational service providers around the world. ICBT has the
largest number of students in the private higher education sector
and delivers certificate, diplomas, pre-university programs,
undergraduate programs, masters level programs including doctorate
level programs in association with universities and educational
service providers in Australia,
Belgium, India, Thailand, Sweden and the UK. ICBT has eight branches in
Sri Lanka with its the main campus
located in Bambalapitiya, Colombo,
Sri Lanka.
About EpicQuest Education Group International
Limited
EpicQuest Education Group International Limited ("EpicQuest
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 has 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 has
also 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 of
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.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. 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@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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