MIDDLETOWN, Ohio, Dec. 20,
2022 /PRNewswire/ -- EpicQuest Education Group
International Limited (NASDAQ: EEIQ), (the "Company" or
"EpicQuest Education"), 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 on
November 10, 2022, the Company
expanded its international growth strategy with its signing of a
non-binding Memorandum of Understanding ("MOU") with ICBT Campus of
Sri Lanka ("ICBT"). The MOU
articulates specific partnership programs and collaboration
activities between Davis College and
EduGlobal College, the Company's two colleges in which it has
controlling interests, and ICBT.
"With this MOU, we are continuing to implement our strategic
growth plan to enter international educational markets. We intend
to develop numerous collaborative programs with renowned higher
education institutions where we can achieve meaningful
opportunities to enhance our students' educational experience,"
said Jianbo Zhang, Chairman and CEO
of EpicQuest Education. "In the meantime, we are also looking into
the potential of establishing an operating hub in Sri Lanka to facilitate our expansion into the
Southeast Asia market to leverage
our educational programming and unique culture of learning to
include Viet Nam, Thailand, Malaysia and India. Our leadership team is on the ground in
Sri Lanka to help us to execute
upon our strategic growth goal to internationalize our student
recruiting and academic programming for both Davis College and EduGlobal College."
The purpose of the MOU is to establish opportunities for a
formal partnership for franchising the first year of Davis College's Associate Degree academic program
and EduGlobal College's university pathway foundation program, both
of which are to be delivered at ICBT. Both programs would enable
ICBT to issue standard internal certificates and transcripts to
students who complete these respective first year studies in
Sri Lanka. In addition, students
who complete the first year of study of the Davis College Associate Degree program at ICBT will
be offered guaranteed placement for the second year of the
Associate Degree program at Davis
College in the US and university placement to complete their
undergraduate degrees.
A vital component of EpicQuest Education's strategic growth plan
is to have Davis College and EduGlobal
College become increasingly involved with international
collaborations in order to leverage their distinct academic
programming and unique culture of learning. The Company is intent
upon offering 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 provider
of higher learning.
About Davis College
Davis College was founded in 1858
and is a private, two-year career training college located in
Toledo, Ohio. Davis College offers a specialized professional
career training curriculum in the fields of business, medical, and
early childhood education. The college's 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 numerous
four-year US universities for 'transfer pathway' programs that pave
the way for students from two-year colleges to gain admission while
being able to transfer their course credits. 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 EduGlobal College
EduGlobal College is a private college located in the Metro
Vancouver area, British Columbia,
Canada. EduGlobal College provides English language programs
for international students who are seeking academic and career
advancement and specializes in English for Academic Purposes (EAP)
programs (also known as English as a Second Language, or ESL,
programs) that focus on helping international students acquire the
advanced competencies in academic English that will be necessary
for them to complete their degree programs. In tandem with its EAP
program, EduGlobal College offers first-year university courses and
a Master's Academic Preparation Program to help prepare
international students who have completed a bachelor's degree and
aspire to pursue graduate studies at a Canadian university.
EduGlobal College also offers students an innovative model for
bridging the gap between private and public sector post-secondary
education in Canada through its
pathway program. EduGlobal College is approved by The Private
Training Institutions Branch (PTIB) of the Ministry of Advanced
Education and Skills Training in the Province of British Columbia, Canada. For more
information, please visit https://eduglobalcollege.com/.
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
also acquired a 70% equity ownership position in Ameri-Can
Education Group Corp. that owns 100% of the stock of 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, 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 of Ohio. 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 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 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
info@epicquestedu.com
https://www.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