EpicQuest Education CFO and Board Member Provide Corporate Update in Global Market Bulletin Interview
EEIQ’s Mission of Internationalization Expected to Result in Strong FYE Operating Metric
MIDDLETOWN, Ohio, May 7, 2024 /PRNewswire/ -- EpicQuest Education Group International Limited (NASDAQ: EEIQ), (“EpicQuest Education”, “EEIQ” or the “Company”), a provider of higher education for domestic and international students in the US, Canada and the UK, today announced that its Chief Financial Officer, Zhenyu Wu, and Board of Director’s member, Craig Wilson, provided Company updates in a recent interview with Global Market Bulletin (GMB), which is a leading provider of financial news and economic information for investors including stock market updates, analyst investing reports and executive video interviews.
The GMB webcast with CFO Zhenyu Wu and Independent Board Member Craig Wilson can be viewed at Global Market Bulletin at its YouTube channel: EpicQuest Education (Nasdaq: EEIQ): Transforming Global Education.
“Craig and I are glad to have provided a corporate update in our interview with Global Market Bulletin where we conveyed strong growth metrics for our owned and operated colleges,” said Zhenyu Wu, CFO of EpicQuest Education. “Our mission of internationalization underpins our growth strategy and we are pleased to have shared an array of initiatives that we have undertaken that we believe will be very successful as new revenue streams for the Company.”
Among the take-aways from the interview are:
• The Company continues to be focused on providing a great return on investment for its students because of its focus on practical, career-focused education.
• The Company’s enrollment metrics are growing as compared to the national trend which has shown a decrease in student enrollment in higher education.
• Pathway and collaborative programs are a vital element of the Company’s providing options to its students to optimize their academic journeys.
• Davis University’s heightened status and reputation, along with its four-year Bachelor’s degree in Business will help in both its domestic and international recruiting and offers a career path into many professions.
• EduGlobal College’s ‘Canada Top 3 Elite’ Program provides a turnkey approach and offers a spectrum of academic programs and services for Chinese students who want to transfer to Canadian universities: these include a solid English foundation, help with the transfer process, career planning, comprehensive life services and long-term residency advisory consultations.
• The Company’s recruiting office in Sri Lanka comprises a brand new team and aligns with its mission of internationalization as it provides an important overseas hub for recruiting from China, India, Malaysia, the Philippines and Singapore.
• Davis University’s new STEM programs in Data Science and Computer Engineering continue to attract international students, especially those from China and India who continue to view the US as the most attractive overseas study abroad country. Overseas study from India has increased by 35% for the 2022-23 academic year and the Company views India as a highly attractive recruitment market.
• The Company’s premier foundational program at preeminent Peking University increased 300% midway through the recruiting season, with an expected 8x increase by September 2024 as compared to the year-ago period. This represents an additional revenue stream for the Company and it will also help direct new students into its two schools, Davis University in Ohio and EduGlobal College in Vancouver.
• Board member Craig Wilson added that the Company has sustainable growth through a strategy of internationalization, and that it engages early in the process with its foundational programs and international collaborations to ensure enrollment at the Company’s two campuses. The Company’s recruiting is diverse and effective, but the key is the Company’s messaging of a one-stop holistic approach that provides options to students to help them do what is best for them.
• Board member Craig Wilson summarized that students are the Company’s customers and a student-centric approach combined with EEIQ’s growth strategy of internationalization will be successful in the long-term.
• CFO Zhenyu Wu concluded the interview by discussing the Company’s growth strategy which includes entering the sports education and entertainment segment and making strategic acquisitions where appropriate. CFO Zhenyu Wu added that the Company has diversified sources of revenue and a highly experienced management team that will lead to strong growth in student enrollment growth and growth in the value of the Company.
EpicQuest Education’s Mission of Internationalization
The Company believes that internationalization is a key element of its strategic growth plan. EpicQuest Education’s growth plan is to have its operated colleges, Davis University and EduGlobal College, become increasingly focused on international recruiting and enhanced globalized learning to its students as well as pathways to achieve university degrees. The Company’s strategic growth plan is to achieve international expansion and establish EEIQ as a truly international service provider of higher learning.
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 University degrees in the US, Canada and the UK. The Company owns and operates EduGlobal University, based in British Columbia, Canada, which focuses on English proficiency educational programming for students pursuing academic degrees. The Company operates and is a 70% owner of Davis University, a career training University 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. EpicQuest Education recently established a wholly owned subsidiary, Gilmore Inv LLC, in Ohio, that will offer international educational programs related to kinesiology and recreation education. The Company also established a company in Ohio, SouthGilmore LLC that has been formed to organize sports-related entertainment projects, which is 40% owned by Gilmore. 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
Investor Relations:
Precept Investor Relations LLC
David Rudnick
+1 646-694-8538
Source: EpicQuest Education Group International Limited
EpicQuest Education’s EduGobal College Approved for Two New Co-Op Programs
EduGlobal’s PTIB-Approved Programs Tripled and All Academic Programs Increased by 50%
MIDDLETOWN, Ohio, April 22, 2024 /PRNewswire/ -- EpicQuest Education Group International Limited (NASDAQ: EEIQ), (“EpicQuest Education”, “EEIQ” or the “Company”), a provider of higher education for domestic and international students in the US, Canada and the UK, today announced that on March 28, 2024, two new cooperative (“co-op”) diploma programs at EduGlobal College (“EduGlobal”) have been approved by Private Training Institutions Branch (“PTIB”) of British Columbia, which regulates private training institutions. The co-op program entails students alternating between attending academic semesters at EduGlobal with working at paid, full-time jobs, and are scheduled to commence for the Fall semester in September 2024.
Jeff Romonko, Campus Director of EduGlobal College, commented, “With today’s increasing trend of college-age people foregoing college for full-time jobs, we believe that EduGlobal’s new co-op programs are ideal for students who may not ordinarily pursue higher education as it provides them with a great hybrid approach and a high return on investment. Given this dynamic, we are very pleased to have received the approvals from the PTIB since it also gives us the opportunity to dramatically expand the student population that we serve.”
“As tuition costs can deter or delay students from achieving their academic goals, co-op programs can keep students on track to achieve their degrees in a timely fashion. In addition, co-op programs can result in students receiving full-time employment offers at these same firms as soon as students complete their academic programs. We are very pleased to offer the two new co-op programs since it reinforces our value proposition of providing skills-based educations at both EduGlobal and Davis University,” concluded EduGlobal Campus Director Jeff Romonko.
The two co-op programs are for a two-year Business Studies Diploma and a one-year Business Studies Certificate. Both programs require students to alternate semesters between attending academic semesters with placement at paid, full-time jobs. The two new programs adds to the program that EduGlobal had been offering, and both programs are designed with international students in mind, featuring a blend of delivery methods to accommodate different time zones and learning preferences. This format supports EduGlobal College’s strategy to make quality Canadian education accessible to students from around the globe.
EduGlobal’s co-op programs are a cornerstone of our commitment to career readiness, integrating classroom studies with real-world work experience. This approach not only enhances learning but also significantly improves EduGlobal’s graduates' employability and integration into the Canadian business environment. The Company believes that the new co-op programs are in perfect alignment with its core mission of providing practical educational programming to help students secure sustainable, well-paying jobs.
About EduGlobal College
EduGlobal College is a private college located in the Metro Vancouver area, British Columbia. 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, and a co-op program where students alternate between attending academic semesters at EduGlobal with working at paid, full-time jobs. 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. For more information, please visit https://eduglobalcollege.com/.
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 University degrees in the US, Canada and the UK. The Company owns and operates EduGlobal University, based in British Columbia, Canada, which focuses on English proficiency educational programming for students pursuing academic degrees. The Company operates and is a 70% owner of Davis University, a career training University 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. EpicQuest Education recently established a wholly owned subsidiary, Gilmore Inv LLC, in Ohio, that will offer international educational programs related to kinesiology and recreation education. The Company also established a company in Ohio, SouthGilmore LLC that has been formed to organize sports-related entertainment projects, which is 40% owned by Gilmore. 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
Investor Relations:
Precept Investor Relations LLC
David Rudnick
+1 646-694-8538
Source: EpicQuest Education Group International Limited
EpicQuest Education’s Expects Heightened Revenue from Robust Increase in its Foundational Program Metrics
Admission to the Premier Program at Peking University Increased More Than 300% and is Expected to be 8x Last Year’s Enrollment by September 2024
MIDDLETOWN, Ohio, April 16, 2024 /PRNewswire/ -- EpicQuest Education Group International Limited (NASDAQ: EEIQ), (“EpicQuest Education”, “EEIQ” or the “Company”), a provider of higher education for domestic and international students in the US, Canada and the UK, today announced bolstered metrics related to its foundational programs for EpicQuest Education’s Davis University (“Davis”) and EduGlobal College (“EduGlobal”) programs. As a course of study for students to acquire the skills needed for their programs, foundational programs can also increase international enrollment at both Davis and EduGlobal.
Jianbo Zhang, Chief Executive Officer of EpicQuest Education, commented, “We are pleased to have developed foundational programs that are essential for many international students to ensure the success of their academic journeys. Our foundational program at Peking University, China’s preeminent institution of higher learning, is consistent with our standard of excellence and globalized learning experience at our two schools in the US and Canada.”
“Our foundational programs align with our mission of internationalization, which is a vital element to our strategic growth plan. We plan to develop foundational programs in several regions of the world where we engage in active recruitment. They also represent an additional revenue stream for the Company while also helping to direct students into Davis and EduGlobal,” said Chief Financial Officer Zhenyu Wu.
The Company’s premier foundational program is based at Peking University, and for the Fall 2024 foundational program intake, the Company currently has more than 50 students registered with its target to have at least 100 students registered by September 2024. This compares with only 12 students that were enrolled in the Company’s foundational program in September 2023, though recruiting for this new Company program only began in August 2023. This represents an increase of more than 300% midway through the recruiting season with an expected eight-fold increase by September 2024 as compared to the same period last year.
The Company has been operating another foundational program in Beijing for the past two years, and it plans to launch two foundational programs with top universities in Shanghai starting in August 2024. The Company believes that the new programs will significantly increase the number of students enrolled into Davis and EduGlobal. The tuition cost for the Company’s foundational programs increased 30% as compared to the year-ago period, and the two-year foundational programs can potentially add $5 million annually to the Company’s revenue while also spurring foundational program students to complete their academic studies at Davis and EduGlobal.
EpicQuest Education’s Mission of Internationalization
The Company believes that internationalization is a key element of its strategic growth plan. EpicQuest Education’s growth plan is to have its operated colleges, Davis University and EduGlobal College, become increasingly focused on international recruiting and enhanced globalized learning to its students as well as pathways to achieve university degrees. The Company’s strategic growth plan is to achieve international expansion and establish EEIQ as a truly international service provider of higher learning.
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 University degrees in the US, Canada and the UK. The Company owns and operates EduGlobal University, based in British Columbia, Canada, which focuses on English proficiency educational programming for students pursuing academic degrees. The Company operates and is a 70% owner of Davis University, a career training University 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. EpicQuest Education recently established a wholly owned subsidiary, Gilmore Inv LLC, in Ohio, that will offer international educational programs related to kinesiology and recreation education. The Company also established a company in Ohio, SouthGilmore LLC that has been formed to organize sports-related entertainment projects, which is 40% owned by Gilmore. 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 in this press release include, without limitation, the ability of the Company to increase enrollment in its foundational programs, and the increased revenue expected from such programs. 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
Investor Relations:
Precept Investor Relations LLC
David Rudnick
+1 646-694-8538
Source: EpicQuest Education Group International Limited
EpicQuest Education’s Davis University Student Association Among World-Class Universities Including Ivy League Schools Invited to Attend the First International Student Congress in China
EEIQ’s Successful Internationalization Strategy Leads to Davis University’s Prominence Among the World’s Elite Universities
MIDDLETOWN, Ohio, March 28, 2024 /PRNewswire/ -- EpicQuest Education Group International Limited (NASDAQ: EEIQ), (“EpicQuest Education”, “EEIQ” or the “Company”), a provider of higher education for domestic and international students in the US, Canada and the UK, today announced today that its Chinese student association has been invited to attend the first International Student Congress to be held in China in August of 2024; the first time that that the organization will hold its annual meeting in China.
Diane Brunner, President of Davis University, commented, “We believe that the participation of Davis’ Chinese student association in this global event reflects our increased focus on international recruiting and enhanced globalized education. Internationalization is a key element of our strategic plan, and integral to our operating philosophy as also witnessed by our numerous internationalization collaborations. We anticipate that our new recruiting office in Sri Lanka that covers the Southeast Asia and Middle East student market will further our mission to provide career focused programs that ensure our students gain marketable skills to be used in the workplace.”
The universities invited to attend the International Student Congress in China include the best in the world. These include all of the Ivy League schools as well as MIT and Stanford among many other top schools in the US. UK universities include Oxford and Cambridge among many others, and the most prominent universities from Canada, Europe and Asia are also being invited to attend.
EpicQuest Education’s Mission of Internationalization
The Company believes that internationalization is a key element of its strategic growth plan. EpicQuest Education’s growth plan is to have its operated colleges, Davis University and EduGlobal College, become increasingly focused on international recruiting and enhanced globalized learning to its students as well as pathways to achieve university degrees. The Company’s strategic growth plan is to achieve international expansion and establish EEIQ as a truly international service provider of higher learning.
About Davis University
Davis University (“Davis”) is a private career-training university located in Toledo, Ohio. Davis 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 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 to its offering numerous two-year Associates degree programs and a four-year Bachelor of Science in Business degree, Davis has agreements with several four-year US universities for ‘transfer pathways’ that pave the way for its associate degree students to gain admission with the ability to transfer earned course credits. Davis University is accredited by The Higher Learning Commission and the Ohio State Board of Career University and Schools with programs authorized by the Ohio Board of Higher Education. For more information, please visit https://davisuniversity.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 University degrees in the US, Canada and the UK. The Company owns and operates EduGlobal University, based in British Columbia, Canada, which focuses on English proficiency educational programming for students pursuing academic degrees. The Company operates and is a 70% owner of Davis University, a career training University 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. EpicQuest Education recently established a wholly owned subsidiary, Gilmore Inv LLC, in Ohio, that will offer international educational programs related to kinesiology and recreation education. The Company also established a company in Ohio, SouthGilmore LLC that has been formed to organize sports-related entertainment projects, which is 40% owned by Gilmore. 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
Investor Relations:
Precept Investor Relations LLC
David Rudnick
+1 646-694-8538
Source: EpicQuest Education Group International Limited
- EpicQuest Education’s First Year International Program at Davis University Approved by Northumbria University for Credit Transfer
- EpicQuest Education’s Davis University Receives HLC Approval for Two New STEM Programs Expected to Lead to a Substantial Revenue Increase from India and China
- EpicQuest Education Announces Bold Strategy as it Hosts the World Cup Argentina Soccer Team Led by Lionel Messi for a Major Revenue Boost
- EpicQuest Education Announces Current Enrollment Metrics