Davis College Signs MOU with Isabela State University of the Philippines as it Furthers its Mission of Internationalization

Rhea-AI Summary

On August 9, 2022, Elite Education Group International Limited (NASDAQ: EEIQ) announced a non-binding Memorandum of Understanding (MOU) between Davis College and Isabela State University of the Philippines (ISU). This partnership aims to enhance scientific research, conduct faculty exchanges, and foster student mobilization. The collaboration supports joint conferences, training workshops, and research publications. This initiative aligns with Davis College's goal of internationalizing its educational offerings and expanding its global presence.

Positive

• MOU with Isabela State University aims to enhance educational collaboration.
• Focus on faculty exchanges and student mobilization will broaden education opportunities.
• Internationalization aligns with Elite Education's growth strategy.

Negative

• None.

MIDDLETOWN, Ohio, Aug. 9, 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 Davis College signed a non-binding Memorandum of Understanding (the "MOU") with Isabela State University of the Philippines ("ISU"). The signing ceremony on August 4, 2022 included Diane Brunner, President of Davis College, and ISU President, Dr. Ricmar P. Aquino.

The purpose of the MOU between the two parties is to work on areas of scientific research and academic ventures, especially of faculty exchanges and student mobilization. The MOU also enables the exchange of information and academic materials, the organizing of joint conferences, distant or virtual training workshops, joint research activities, and publications. The MOU is non-binding and any future cooperation is subject to the availability of funds and the approval by the parties of definitive agreements.

With today's announcement, Davis College is continuing its mission of internationalization through cross-border academic collaborations with international colleges and universities to offer its students a more global learning experience and to internationalize its student base. A vital component of Elite Education Group International's growth plan is to build cross-border relationships and make strategic acquisitions around the globe to establish Elite Education Group International as a truly international service provider of higher learning.

Diane Brunner, President of Davis College, commented, "We are honored and enthusiastic to be collaborating with Isabela State University in promoting educational opportunities between the two institutions. This second potential collaboration with institutions of higher learning in the Philippines augments our efforts to optimally service our students with an international educational experience. We believe that the broadened internationalization at Davis College offers lifelong enrichment and better prepares our students for jobs in the global marketplace."

About Isabela State University

Isabela State University ("ISU") is a public university with its main campus located in the province of Isabela, Philippines. ISU is mandated to provide advanced instruction in the arts, agricultural and natural sciences as well as in technological and professional fields. The university has eleven campuses grouped into four constituent clusters in which component smaller campuses are placed under each constituent campus. ISU's mission is to develop globally competitive human, technological resources and services through quality instruction, innovative research, responsive community engagement and viable resource management programs for inclusive growth and sustainable development. ISU offers Ph.D., masters and bachelor degree programs in a wide range of academic studies. For more information, please visit https://isu.edu.ph/.

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

View original content to download multimedia:https://www.prnewswire.com/news-releases/davis-college-signs-mou-with-isabela-state-university-of-the-philippines-as-it-furthers-its-mission-of-internationalization-301601988.html

SOURCE Elite Education Group International Limited

FAQ

What is the MOU between Davis College and Isabela State University?

The MOU is a non-binding agreement aimed at enhancing scientific research, facilitating faculty exchanges, and promoting student mobilization.

When was the MOU between Davis College and ISU signed?

The MOU was signed on August 4, 2022.

How does the MOU impact Elite Education Group International Limited (EEIQ)?

The MOU supports Elite Education's growth strategy by fostering international collaborations and expanding educational opportunities.

What are the goals of the collaboration between Davis College and ISU?

The collaboration aims to facilitate joint research activities, organize conferences, and exchange academic materials.

What is the significance of the MOU for Davis College?

The MOU enhances Davis College's mission of internationalization and expands its global learning experience for students.