EpicQuest Education Announces Davis College and EduGlobal College Updates

Rhea-AI Summary

EpicQuest Education Group International Limited (NASDAQ: EEIQ) provided updates regarding its institutions, Davis College and EduGlobal College. Davis College's MOU with PSB Academy allows credit recognition for its business students. A new Certificate Program for Venture Start-Ups launched with ten international enrollees. EduGlobal College received Education Quality Assurance designation in British Columbia, enhancing its appeal to international students. These developments align with the company's mission of internationalization and improving educational offerings.

Positive

• Davis College's updated MOU with PSB Academy allows credit recognition for students' programs.
• Launch of Certificate Program for Venture Start-Ups with ten international students enrolled.
• EduGlobal College received Education Quality Assurance designation, improving its recruitment potential.

Negative

• None.

MIDDLETOWN, Ohio, Oct. 12, 2022 /PRNewswire/ -- EpicQuest Education Group International Limited (NASDAQ: EEIQ), ( "EpicQuest Education" or the "Company"), a provider of comprehensive education solutions for domestic and international students interested in college and university programs in the US, Canada and the UK, announced today several updates as to its owned and operated colleges, Davis College (70% equity ownership of Ameri-Can Education Group Corp. which has the right to the underlying equity of Davis College) and EduGlobal College (80% equity ownership).

EpicQuest Education Provides Updates as to its Owned and Operated Colleges

Davis College: Update of Memorandum of Understanding with PSB Academy of Singapore

As an update to the non-binding Memorandum of Understanding ("MOU") that EpicQuest Education signed with PSB Academy ("PSB") on July 15, 2020, PSB confirmed that it will recognize the credits earned by Davis College students from the business or economics programs of Davis College. Further, PSB will grant them entry to selected programs at PSB which can lead to PSB undergraduate business administration degrees. PSB Academy is a private educational institution that offers certificates, diplomas, bachelor's and master's degree programs in Singapore.

Davis College: Certificate Program for Venture Start-Ups

Davis College has developed a Certificate Program for Venture Start-Ups for the Fall Semester. So far, ten students have enrolled for the program. The program started on September 30, 2022, and will last for four weeks. The program incorporates round-table discussions, team building, market valuation and SWOT analysis, and business plans which aims to prepare entrepreneurs to start their own businesses. In this cohort, our students are from Iceland, Iran, China and Nigeria. Davis College plans upon developing additional certificate programs that equip students with the knowledge and the practical skills that they need to meet the specific needs of today's global marketplace.

Davis College: International Recruitment

For the quarter starting in late August, Davis College has broadened its recruitment strategy as it has currently enrolled a total of 37 international students, including 24 from China, who have chosen Davis College for their study abroad programs. With this progress, Davis College is beginning to execute on its mission to recruit students from abroad to internationalize its student base.

"We are proud to report substantial progress at Davis College to implement our mission of internationalization through cross-border academic collaborations and a broadened recruitment strategy to enable a further internationalization of the college. We are intent upon creating a global learning experience that can lead to good careers in the global marketplace as well as lifelong enrichment for our students," commented Diane Brunner, President of Davis College.

EduGlobal College: Education Quality Assurance Designation

EduGlobal College has been approved for Education Quality Assurance (EQA) designation in British Columbia, Canada through May 31, 2023. Among other accreditations, it enables EduGlobal College to host international students on study permits and allows the college to participate in overseas recruitment and partnership events organized by the federal Department of Global Affairs Canada. The EQA designation is available to public and private institutions in British Columbia that meet or exceed institutional quality assurance standards set by the province of British Columbia.

Mr. Sylvester Chen, Chief Executive Officer of EduGlobal College, stated, "We are pleased to have receive this highly important designation as it enables us to effectively promote awareness of our English for Academic Purposes program and the articulated university credit transfer pathways. We believe the designation will bolster our mission to attract a diverse student body from China, India, LATAM, the ASEAN countries and other regions and internationalize our campus."

About Davis College

Davis College was founded in 1858 and is a private, two-year career training college located in Toledo, Ohio. Davis College offers a specialized professional career training curriculum in the fields of business, medical, and early childhood education. 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. Davis College 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. For more information, please visit https://www.daviscollege.edu/.

About EduGlobal College

EduGlobal College is a private college located in the Metro Vancouver area, British Columbia, Canada. EduGlobal College provides English language programs for international students who are seeking academic and career advancement and specializes in English for Academic Purposes (EAP) programs (also known as English as a Second Language, or ESL, programs) that focus on helping international students acquire the advanced competencies in academic English that will be necessary for them to complete their degree programs. In tandem with its EAP program, EduGlobal College offers first-year university courses and a Master's Academic Preparation Program to help prepare international students who have completed a bachelor's degree and aspire to pursue graduate studies at a Canadian university. EduGlobal College also offers students an innovative model for bridging the gap between private and public sector post-secondary education in Canada through its pathway program. EduGlobal College is approved by The Private Training Institutions Branch (PTIB) of the Ministry of Advanced Education and Skills Training in the Province of British Columbia, Canada. For more information, please visit https://eduglobalcollege.com/.

About EpicQuest Education Group International Limited

EpicQuest Education Group International Limited ("EpicQuest 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 has 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 has also acquired the right to a 70% 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 of 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 https://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
ir@eei-global.net

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

FAQ

What recent updates did EpicQuest Education Group (EEIQ) announce?

EpicQuest Education announced updates regarding its Davis College and EduGlobal College, including a new MOU with PSB Academy and the launch of a new certificate program.

How many international students are currently enrolled at Davis College as of October 2022?

As of October 2022, Davis College has enrolled a total of 37 international students, including 24 from China.

What is the significance of the Education Quality Assurance (EQA) designation for EduGlobal College?

The EQA designation allows EduGlobal College to host international students on study permits and participate in recruitment events, enhancing its marketability.

What new program is being offered by Davis College?

Davis College has developed a Certificate Program for Venture Start-Ups that started on September 30, 2022.

When was the MOU between Davis College and PSB Academy signed?

The MOU between Davis College and PSB Academy was signed on July 15, 2020.