The Collaboration is Expected to Contribute to
EEIQ's Revenue as it Targets International Students Who Plan to
Attend University in the UK
MIDDLETOWN, Ohio, March 12,
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 6, 2024, Davis University
("Davis") received a letter of recognition signifying approval from
Northumbria University ("Northumbria") for the transfer of credits
of first year international coursework for Davis students. The
transfer of credits earned at Davis for course credit at
Northumbria expands educational opportunities for Davis students,
and it increases revenue for Davis since it targets students who
plan to study in the UK to pursue their degree programs.
"We are pleased with to have received recognition from
Northumbria for the transfer of credits for our first-year
international coursework as it facilitates options for our students
to pursue their academic journeys," commented Diane Brunner, President of Davis University.
"Our students have flexibility to remain at Davis for our two- or
four-year degree programs, and our transfer pathways to top
universities around the world gives optimal flexibility to Davis
students for their future careers. As the UK is an important
international destination for study abroad students, we are glad to
advance this opportunity for our students in addition to other
schools with whom we collaborate in the US, Europe and Asia."
The recognition by Northumbria stipulates that Davis students
who complete its first-year international course with a 'B'
average, and who apply to the Northumbria program using normal
admissions standards, are eligible for acceptance into eight
Northumbria programs. The recognition of the transfer of credits by
Davis students is valid for admission to Northumbria for the 2024 –
2025, 2025 – 2026 and 2026 – 2027 academic years.
The US remains the most popular destination for study abroad
students with the highest number of international students from
around the world. Following the US, the UK is the second most
popular destination as it is deemed to have highly reputed colleges
and universities, and tuition fees can be lower than such fees are
in the US. In terms of country of origin, China and India comprise the most students who study
abroad and importantly, these two countries continue to be the
Company's primary overseas recruitment target groups.
With the newly announced transfer of credits recognition with
Northumbria, the Company is further expanding its core mission of
internationalization that spans the spectrum from recruitment to
enrollment to the option to transfer credits earned at EpicQuest
Education's schools to colleges and universities around the
world.
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 Northumbria University
Northumbria University ("Northumbria") is a public
university primarily located in Newcastle, England's northernmost metropolitan
borough. Northumbria has been a university since 1992 with origins
in Rutherford College, founded in
1877. The university is organized into four faculties, Arts, Design
and Social Sciences; Business and Law; Engineering and Environment;
and, Health and Life Sciences. Northumbria works in
partnership with higher education institutions across the world and
has approximately 37,000 students from 137 countries.
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
info@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