EpicQuest Education Announces New Recruiting Initiatives

Rhea-AI Summary

EpicQuest Education Group International Limited (NASDAQ: EEIQ) announced new initiatives for its owned and operated schools, including the launch of 'Canada's Top 3 Elite Training Program' by EduGlobal College and a collaboration between Davis University and Hetu Education Technology Co., Ltd. The company expects these initiatives to increase enrollment and revenue. The programs aim to provide academic transition, English proficiency courses, career planning, and life services for international students seeking higher education opportunities in Canada.

Insights

Market Research Analyst

Understanding the strategic moves of EpicQuest Education Group International Limited (EEIQ) involves analyzing market trends and consumer behavior within the education sector. The launch of 'Canada's Top 3 Elite Training Program' by EduGlobal College and the Memorandum of Understanding between Davis University and Hetu Education Technology Co., Ltd. represent targeted efforts to grow international student enrollment, a key revenue driver for educational institutions.

The emphasis on comprehensive education solutions, including language proficiency and academic transition programs, aligns with the increasing demand for global education experiences. These initiatives are likely to enhance the value proposition of EEIQ's offerings and could result in a competitive advantage in the lucrative market of international education. It's crucial to monitor the enrollment and revenue metrics in subsequent quarters to gauge the effectiveness of these strategies.

Financial Analyst

From a financial perspective, EEIQ's new initiatives are aimed at revenue growth through increased enrollment. The direct correlation between student numbers and revenue streams in the education industry suggests that successful implementation of these programs could lead to a positive financial outlook. However, it's important to consider the investment costs associated with these initiatives and the time frame for the expected return on investment.

Investors should also be aware of the potential risks such as geopolitical tensions or changes in international student visa policies that could impact enrollment from specific regions. The company's focus on diversifying its student base and expanding academic programming is a strategic move to mitigate such risks and stabilize revenue growth.

Education Industry Consultant

EEIQ's approach to internationalization is an industry-recognized strategy for expanding market reach and diversifying student demographics. The collaboration with Hetu Education Technology to offer summer credit courses is particularly noteworthy, as it taps into the growing trend of short-term study experiences preferred by many students.

The provision of comprehensive life services and professional immigration consultation by EduGlobal College not only supports student retention but also aligns with the broader trend of educational institutions acting as holistic service providers. This trend reflects a shift in student expectations, where value-added services can be a deciding factor in institution selection. The long-term success of these initiatives will depend on their execution and the institution's ability to maintain high academic standards while scaling up.

The New Initiatives are Expected to Increase Enrollment at Both of its Owned and Operated Schools

MIDDLETOWN, Ohio, Jan. 16, 2024 /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 that EduGlobal College launched its 'Canada's Top 3 Elite Training Program', and that Davis University entered into a Memorandum of Understanding with Hetu Education Technology Co., Ltd., located in Xinjiang, China. The Company anticipates that the new initiatives for its two owned and operated schools will help to bolster its revenue in the coming periods.

"We believe that these new bold recruiting initiatives continue to build on the success of our international recruiting. Our new program offered by EduGlobal College offers a comprehensive and unique solution for students who want to pursue higher education and job opportunities in Canada. In addition, the new collaboration that Davis University has entered into has the potential to provide a steadily growing stream of new students for Davis. Our growth strategy of internationalization has led us to increase our focus on recruiting from different regions in the world which we expect to increase enrollment and revenue going forward," commented EpicQuest Education CEO Jianbo Zhang. 

EpicQuest Education's EduGlobal College ("EduGlobal") officially launched its 'Canada's Top 3 Elite Training Program' at a special event at the Capital Club, a private club serving high-level business people in China which is located on the 50th floor of the Capital Building in Beijing. Over 150 participants, either in person or online, joined us for the live event. The Program provides a seamless academic transition for students in China who aspire to further their studies at top universities in Canada. Upon meeting the admissions and requisite course requirements at EduGlobal, students will have the opportunity to transfer to top universities in Canada.

EduGlobal is renowned for providing the very best of English proficiency courses, providing international students with the linguistic skill set needed in an academic setting. The Program provides students with a solid English language foundation that prepares students for academic studies and first-year courses that may be transferred to Canadian universities while also providing career planning and paid internship and employment services. The Program also offers comprehensive life services which allows students to focus on their academic journey. After graduation, students with the intention of long-term residence in Canada can also receive professional immigration consultation and services, including assistance with visa extensions, work visa applications, permanent residency applications, and legal and procedural advice from EduGlobal partners.

In addition, EpicQuest Education's Davis University ("Davis") entered into an Articulation Agreement with Hetu Education Technology Co., Ltd. ("Hetu"), through Hetu's JNC Summer School ("JNC"), for JNC to (1) recruit non-degree students to take either in person or online courses during the summer at Davis, and (2) to recruit students to transfer to the Associate and Bachelor's Degree programs of Davis. JNC was founded by Hetu and is one of the first educational programs in China to offer summer credit courses to international students. The growth of summer courses offered to these students recruited by JNC is expected to be sustainable and significant.

EEIQ's strategic plan is to achieve sustainable growth through a strategy of internationalization. This refers to Davis College and EduGlobal College, our owned and operated colleges, as well as our recruiting relationship with Miami University Regionals. To achieve its strategic goals, the Company is focused on broadening our academic programming and diversifying and growing its student base. EEIQ believes that its strategy of internationalization, which also includes working collaborations around the world, brings out the very best in academia and student achievement.

About EpicQuest Education Group International Limited

EpicQuest Education Group International Limited ("EpicQuest Education" or 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. Forward-looking statements in this release include, without limitation, whether the Company's recruiting relationships will increase revenue and whether any increased revenue will be sustainable. 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
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

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SOURCE EpicQuest Education Group International Limited

FAQ

What are the new initiatives announced by EpicQuest Education Group International Limited (EEIQ)?

EpicQuest Education Group International Limited (EEIQ) announced the launch of 'Canada's Top 3 Elite Training Program' by EduGlobal College and a collaboration between Davis University and Hetu Education Technology Co., Ltd.

What is the ticker symbol for EpicQuest Education Group International Limited?

The ticker symbol for EpicQuest Education Group International Limited is EEIQ.

What is the purpose of the 'Canada's Top 3 Elite Training Program' launched by EduGlobal College?

The program aims to provide academic transition, English proficiency courses, career planning, and life services for international students seeking higher education opportunities in Canada.

What is the collaboration between Davis University and Hetu Education Technology Co., Ltd. about?

The collaboration aims to recruit non-degree students for summer courses at Davis University and to recruit students to transfer to the Associate and Bachelor's Degree programs of Davis.

What is EpicQuest Education Group International Limited's strategic plan?

EEIQ's strategic plan is to achieve sustainable growth through a strategy of internationalization, broadening academic programming, and diversifying and growing its student base.