Davis College Participates in Toledo's Annual International Festival

Rhea-AI Summary

Elite Education Group International Limited (Nasdaq: EEIQ) announced on June 25, 2022, that Davis College participated in Toledo's annual international festival, showcasing diverse cultures. The event aimed to raise awareness of educational opportunities, where Davis College representatives interacted with prospective students and distributed promotional materials. Elite Education has recently acquired controlling equity in Davis College and EduGlobal College, enhancing its educational offerings in the U.S. and Canada. The company's mission focuses on providing comprehensive education solutions for students worldwide.

Positive

• Acquisition of 80% equity in EduGlobal College in British Columbia, Canada, enhancing English proficiency programs.
• Acquisition of controlling equity position in Davis College, increasing presence in Toledo, Ohio.

Negative

• None.

MIDDLETOWN, Ohio, June 30, 2022 /PRNewswire/ -- Elite Education Group International Limited (Nasdaq: EEIQ), (the "Company" or "Elite Education Group International"), 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 June 25, 2022, Davis College joined the international community of Toledo in celebrating the area's global cultures and traditions.

The event was held in Levis Square in downtown Toledo area and featured a wide variety of performances, vendors and local organizations. Davis College employees interacted with prospective students and members of the community, raising awareness of the programs and opportunities available through Davis College's versatile academic offerings. Davis College representatives also handed out flyers, booklets and other promotional material to help in its local recruiting efforts and to communicate the compelling mission of Davis College to offer cost-effective professional development programming for its students.

President Diane Brunner of Davis College, commented, "In light of the pandemic, it is beyond exciting to be able to participate in-person at local events again. At Davis College, we are continuously working to connect to people in the greater Toledo area, and as evidenced by our numerous cross-border collaborations, to build bridges with students and colleges from around the world. It was a pleasure to share the mission of Davis College at the festival as we continue to work to expand the strong community that we have built."

About Davis College

Davis College was founded in 1858 and is a private, two-year career training college located in Toledo, Ohio. It 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. Davis College offers a specialized professional career training curriculum in the fields of business, medical, and early childhood education. In late September 2021, The Ohio State Board of Career Colleges and Schools approved three new Davis College programs in Music Performance, Data Science, and Computer and Electrical Engineering Technology. 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.

To internationalize its academic programming and foster a global experience for its students, Davis College recently announced partnerships for a variety of bilateral academic activities with Holy Cross of Davao College of the Philippines, Anhui Business College located in Wuhu, Anhui Province, China, and Chongqing Technology and Business Institute, located in Chongqing, China. For more information, please visit https://www.daviscollege.edu/.

About Elite Education Group International Limited

Elite Education Group International Limited ("Elite 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 recently 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 recently 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 located in Oxford, 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.eei-global.net.

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:

Elite Education Group International Limited
+1 513-649-8350
ir@eei-global.net

Investor Relations:

Precept Investor Relations LLC

David Rudnick
+1 646-694-8538
david.rudnick@preceptir.com

Source: Elite Education Group International Limited

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SOURCE Elite Education Group International Limited

FAQ

What was the announcement from Elite Education Group on June 30, 2022?

Elite Education Group announced that Davis College participated in Toledo's international festival on June 25, 2022, promoting its educational programs.

What are the recent acquisitions by Elite Education Group International?

Elite Education Group recently acquired 80% of EduGlobal College in Canada and gained controlling equity in Davis College in the U.S.

How does Davis College contribute to Elite Education Group's offerings?

Davis College provides career training programs and has signed partnerships for international academic collaboration, enhancing Elite Education's educational solutions.

What is the significance of the Toledo festival for Elite Education Group?

The Toledo festival allowed Davis College to promote its programs and connect with prospective students, enhancing community engagement.