ADGS Advisory, Inc. Signed Merger Agreement with Quality Online Education Group Inc.

Rhea-AI Summary

ADGS Advisory, Inc. (OTC PINK:ADGS) has announced its acquisition of Quality Online Education Group Inc. (QOEG), a leading provider of online English lessons in China. The acquisition, finalized on August 31, 2020, will enhance ADGS's presence in the growing e-Learning sector and facilitate its expansion into new markets. QOEG intends to go public in the U.S. OTC Markets, aiming to enhance its educational offerings. This merger positions ADGS to leverage AI-integrated teaching strategies to meet the demand for English education, a critical skill in the global economy.

Positive

• Acquisition of Quality Online Education Group is expected to enhance ADGS's presence in the e-Learning market.
• QOEG's plans for U.S. public offering may increase visibility and attract investment.
• The merger allows ADGS to utilize AI and innovative teaching methods to improve educational outcomes.

Negative

• Integration challenges and potential dilution from future financing operations.
• Dependence on the ability to close transactions and market acceptance of ADGS's products.

TORONTO, ON / ACCESSWIRE / August 31, 2020 / ADGS Advisory, Inc (OTC PINK:ADGS) CEO Xijin Wu is pleased to announce that we acquire Quality Online Education Group Inc. (QOEG), a leading e-Learning company that specializes in providing real-time online small group classes English lessons to students in China, and plans to expand it's operations to other markets as the business continues to scale up in the future.

Xuye Wu, President and CEO of QOEG noted that, "We are looking forward to taking the Company public on the OTC Markets in the U.S. We believe this will further our goals to continue expanding our education programs and build-out our e-Learning platform.

The two companies signed the final Merger Agreement at 11:36AM on August 31, 2020.

Many parents find that their domestic education system does not provide sufficient preparation for students to excel in their command of English. They often look to private tutoring to supplement in-class education, ensuring their children are in the best possible position to succeed in their domestic academic careers as well as in the global economy, where English plays a vital role in their future success."

About Quality Online Education Group Inc

Based in Canada, "Quality Online Education Group, Inc." (QOEG) is a leading e-Learning company that provides comprehensive online English lessons to students China and expanding to other markets where English education is lacking. The Company is a pioneer and industry leader in providing real-time online small group classes. Our students achieve noticeable and quantifiable results, by our delivery of quality education from our passionate teachers and teaching assistants based in North America and the Philippines. With our AI system, we have combined Education and Entertainment ("Edu-tainment") as part of our teaching strategy. It is our mission to develop confidence in our students so they can reach their goals through an enjoyable yet efficient learning experience!

About ADGS Advisory, Inc.

ADGS Advisory, Inc.is a public company currently trading on the OTC Markets (ADGS). ADGS was originally incorporated in Delaware.

*Safe Harbor Statement Information in this press release may contain ‘forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the ‘Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to the ability to close transactions being contemplated, risks related to sales, acceptance of ADGS Advisory, Inc.'s products, increased levels of competition, changes, dependence on intellectual property rights and other risks detailed from time to time in ADGS Advisory, Inc. periodic reports filed with the regulatory authorities.

Investor Information: ADGSContact@gmail.com

SOURCE: ADGS Advisory, Inc.

View source version on accesswire.com:
https://www.accesswire.com/604101/ADGS-Advisory-Inc-Signed-Merger-Agreement-with-Quality-Online-Education-Group-Inc

FAQ

What is the purpose of ADGS's acquisition of Quality Online Education Group?

The acquisition aims to enhance ADGS's presence in the e-Learning sector and expand its educational offerings.

When was the merger agreement between ADGS and QOEG signed?

The merger agreement was signed on August 31, 2020, at 11:36 AM.

How will the acquisition impact ADGS's future operations?

The acquisition is expected to provide ADGS with new growth opportunities in the online education market, particularly in expanding QOEG's operations.

What are the expected benefits of QOEG going public?

Going public may enhance QOEG's visibility and attract more investments, facilitating further expansion of its educational programs.

What challenges might ADGS face after the acquisition?

Integration challenges and market acceptance of its products pose potential risks following the acquisition.