Elite Education Group International Ltd. Provides Update as to its UK Expansion

Rhea-AI Summary

Elite Education Group International Limited (Nasdaq: EEIQ) announced an expansion into the UK, signing an agreement with The Education Group to recruit Chinese students for University of the West of Scotland. The Company will also represent Coventry University starting the 2021-2022 academic year. This strategic move aims to diversify its recruiting efforts beyond the US and enhance its educational offerings for Asian students. The Chairman, Jianbo Zhang, noted the importance of this expansion to realize sustained growth through strategic initiatives.

Positive

• Expansion into the UK market increases student recruitment opportunities.
• Agreement with reputable universities enhances the company's educational offerings.
• The company aims to diversify its recruiting strategies across different regions.

Negative

• None.

MIDDLETOWN, Ohio, Nov. 3, 2021 /PRNewswire/ -- Elite Education Group International Limited (Nasdaq: EEIQ) (the "Company" or "Elite Education Group"), a provider of comprehensive, one-stop education solutions for Chinese university students interested in study abroad programs in the US and other countries, today provided an update as to its expansion plans in the United Kingdom. The Company has entered into an agreement with The Education Group (London) Ltd whereby the Company has agreed to recruit students from China for admission to the University of the West of Scotland. The Company has also been operating as a recruiting agent for admission to Coventry University for the 2021-2022 academic year.

"We are pleased to announce our working with these two premier UK universities which is consistent with our business expansion strategy to expand our recruiting efforts in the US, the UK and other countries. An important part of our mission is to offer the students that we recruit from China and other Asian countries with robust academic options that suit their preferences in their quest to study abroad. In addition to our current recruiting activities in the United States, these two excellent universities are representative of our plan to diversify across regions and employ an array of strategic initiatives to fuel our growth," commented Jianbo Zhang, Chairman and Chief Executive Officer of Elite Education Group.

The agreement of representation with The Education Group (London) Ltd ("TEG") was executed on October 18, 2021 with our subsidiary, Quest Holding International LLC. TEG is a service partner of the University of the West of Scotland in support of the university's London Campus which includes marketing and student admissions related activities, development and management of recruiting agents, and academic delivery of foundation courses and pre-sessional English. Also, we have been representing Coventry University as an international recruitment agent since April 2021.

University of West of Scotland ("UWS") has four campuses across the west and southwest of Scotland and one campus in Central London. UWS offers a range of career-focused undergraduate, postgraduate and research degree opportunities across its four academic schools that serve approximately 17,000 students from more than 70 countries. UWS is recognized as a top 600 university worldwide by Times Higher Education (2020 World University Rankings).

Coventry University ("CU") has two principal campuses, one in the center of Coventry, England, where the majority of its operations are located, and one in Central London which focuses on business and management. CU also governs other higher education institutions, CU Coventry, CU Scarborough and CU London. CU has more than 29,000 undergraduate and 6,000 postgraduate students. CU is ranked first in the Midlands (Central England) among modern universities according to The 2021 Guardian University Guide.

The Company is intent upon capitalizing upon its growth synergies as it diversifies by region, academic discipline and operating modalities. It believes that its unique positioning in the higher education field will enable it to further scale its operations to realize sustained growth. Elite Education will continue to pursue transformational opportunities to create value by achieving synergies through highly focused management and operational attentiveness.

About Elite Education Group International Limited

Elite Education Group International Limited, through its subsidiary Quest Holding International LLC, provides comprehensive, one-stop education solutions for Chinese students who are interested in study abroad programs in the US and other countries. We develop specific education goals for each student enrolled in our program and provide a safe and structured environment to enable students to pursue their academic goals. Our primary study abroad agreement is with Miami University of Ohio (Regional Campuses), and we maintain residential facilities, a full-service cafeteria, recreational facilities, shuttle buses and an office for the Middletown and Hamilton campuses that provides a wide range of study abroad and post-study services for our students. These facilities are not owned, maintained, operated or are part of MU. 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. Forward-looking statements in this press release include, without limitation, the Company's ability to expand its recruiting activities in United Kingdom. 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 prospectus filed pursuant to Rule 424(b)(4) 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 is the recent announcement by Elite Education Group (EEIQ) regarding UK expansion?

Elite Education Group announced its UK expansion through partnerships with the University of the West of Scotland and Coventry University for student recruitment.

When was the agreement with The Education Group signed by Elite Education Group (EEIQ)?

The agreement with The Education Group was signed on October 18, 2021.

How many students does the University of the West of Scotland serve?

The University of the West of Scotland serves approximately 17,000 students from over 70 countries.

What is the focus of Coventry University?

Coventry University focuses on business and management and has over 29,000 undergraduate and 6,000 postgraduate students.