EpicQuest Education Announces Launch of New Business Segment to Focus on Kinesiology and Recreation Education

Rhea-AI Summary

EpicQuest Education Group International Limited (NASDAQ: EEIQ) announced the launch of a new line of business offering international educational programs related to kinesiology and recreation education. The company established a wholly owned subsidiary, Gilmore Inv LLC, in Ohio, for this purpose. The new business segment represents a potential dynamic revenue stream and is part of the company's internationalization growth strategy. EEIQ expects to offer courses in kinesiology and recreational education beginning with its 2024 Fall programs.

Positive

• Expansion into new business segment
• Potential for dynamic revenue stream
• Internationalization growth strategy

Negative

• None.

EEIQ Expects to See Potential Synergies in New Fields Related to Fitness and Health

MIDDLETOWN, Ohio, Dec. 11, 2023  /PRNewswire/ -- EpicQuest Education Group International Limited (NASDAQ: EEIQ), ("EpicQuest Education", "EEIQ or the "Company"), a provider of comprehensive education solutions for domestic and international students seeking college and university degrees in the US, Canada and the UK, today announced the launch of a new line of business that will offer international educational programs related to kinesiology and recreation education. The Company established a wholly owned subsidiary, Gilmore Inv LLC ("Gilmore"), in Ohio, for the purposes of this business, and kinesiology and recreation education programs will be offered by both of its owned and operated institutions, Davis University and EduGlobal College.

EEIQ's New Business Segment Represents a New and Potentially Dynamic Revenue Stream

"We believe that our new educational programs in kinesiology and recreational education are an ideal fit with the degree and certificate courses offered in our professional healthcare school program," said Zhenyu Wu, Chief Financial Officer of EpicQuest Education. "We are highly attuned to key trends around the world and the fields of physiology, physical health and exercise are becoming increasingly important with its focus on fitness, nutrition and public health. We believe that this program equips our students with new career options, and this new initiative will extend our operations into new areas as well."

The academic programing for Gilmore is currently being developed and will be offered globally as part of the Company's internationalization growth strategy. EEIQ expects to offer courses in kinesiology and recreational education beginning with its 2024 Fall programs. In addition to offering new educational programming, the Company established Gilmore as a new stand-alone subsidiary since it believes that it could represent a dynamic and distinct revenue stream for the Company with potential synergies in the fitness and sports fields.

About EpicQuest Education Group International Limited

EpicQuest Education Group International Limited (the "Company") provides comprehensive education solutions for domestic and international students seeking university and college degrees in the US, Canada and the UK. The Company owns and operates EduGlobal College, based in British Columbia, Canada, which focuses on English proficiency educational programming for students pursuing academic degrees. The Company operates and is a 70% owner of Davis University, a career training college located in Toledo, Ohio. In addition, the Company has a recruiting relationship with the Miami University 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 is also 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 UK. For more information, please visit 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. Forward-looking statements in this release include, without limitation, the Company's ability to generate increased revenues from its recent collaborations.

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
info@epicquesteducation.com

Investor Relations:
Precept Investor Relations LLC
David Rudnick
+1 646-694-8538
david.rudnick@preceptir.com

 

Source: EpicQuest Education Group International Limited

 

 

 

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/epicquest-education-announces-launch-of-new-business-segment-to-focus-on-kinesiology-and-recreation-education-302010816.html

SOURCE EpicQuest Education Group International Limited

FAQ

What is the new business segment announced by EpicQuest Education Group International Limited (EEIQ)?

EEIQ announced the launch of a new line of business offering international educational programs related to kinesiology and recreation education.

What is the name of the wholly owned subsidiary established by EEIQ for the new business?

The wholly owned subsidiary established by EEIQ for the new business is Gilmore Inv LLC.

When does EEIQ expect to offer courses in kinesiology and recreational education?

EEIQ expects to offer courses in kinesiology and recreational education beginning with its 2024 Fall programs.

What are the potential benefits of the new business segment for EEIQ?

The new business segment represents a potential dynamic revenue stream and is part of the company's internationalization growth strategy.