EpicQuest Education's First Year International Program at Davis University Approved by Northumbria University for Credit Transfer

Rhea-AI Summary

EpicQuest Education Group International Limited (NASDAQ: EEIQ) collaborates with Northumbria University to expand educational opportunities for Davis University students targeting international students planning to study in the UK. The collaboration aims to increase revenue for Davis and enhance transfer pathways for students, aligning with EEIQ's mission of internationalization.

Insights

Market Research Analyst

The recent announcement by EpicQuest Education Group International Limited (EEIQ) regarding the credit transfer approval with Northumbria University represents a strategic move to enhance the company's appeal to international students, particularly those from high-volume regions such as China and India. This development is likely to have a positive effect on EEIQ's revenue streams, as it could lead to an increase in enrollment numbers from students seeking flexible education pathways in the UK.

From a market perspective, the decision to facilitate credit transfers aligns with the growing trend of global education mobility. It positions EEIQ favorably in a competitive market where international students are actively looking for institutions that offer seamless transitions between different educational systems. This is increasingly important as the UK remains a top destination for international students, second only to the US.

The ability to attract international students is crucial for educational institutions, especially given the financial contributions these students make through tuition and other expenses. The announcement may also reflect positively on the company's stock as investors often look favorably upon strategies that could lead to revenue growth and market expansion.

Financial Analyst

EEIQ's collaboration with Northumbria University is indicative of the company's proactive approach to capitalizing on the lucrative market of international education. By providing a clear pathway for credit transfer, EEIQ is not only enhancing its service offering but also potentially increasing its tuition revenue. This is particularly significant as international students often pay higher tuition fees, which can have a substantial impact on the financial health of educational providers.

Investors should monitor the uptake of this new credit transfer option as an indicator of EEIQ's ability to execute its strategic growth plan effectively. The success of such initiatives can serve as a bellwether for the company's future performance in the international student market. Furthermore, the three-year recognition period for credit transfer to Northumbria provides a tangible timeline for evaluating the impact of this agreement on the company's financial results.

It is also worth noting that such partnerships can enhance the perceived value and reputation of EEIQ's educational offerings, potentially leading to a virtuous cycle of increased demand and revenue growth over the long term.

Education Industry Analyst

The strategic partnership between EEIQ and Northumbria University is a significant development within the international education industry. Credit transfer agreements like this are a key factor in the decision-making process for students planning to study abroad. By offering a clear and recognized transfer pathway, EEIQ is likely to become more attractive to potential students, thereby strengthening its position in the market.

It is important to consider the broader implications of such agreements on the international education landscape. With the UK being a highly sought-after study destination, EEIQ's alignment with Northumbria could serve as a precedent for other institutions seeking to tap into the international student market. The recognition of EEIQ's courses by a reputable UK university may also lead to increased credibility and brand strength for EEIQ, which can have long-term benefits for student recruitment and retention.

Analysts should also examine the potential challenges EEIQ may face, such as ensuring the quality and compatibility of its coursework with Northumbria's standards, which is critical for maintaining the integrity of the credit transfer agreement and the satisfaction of stakeholders.

The Collaboration is Expected to Contribute to EEIQ's Revenue as it Targets International Students Who Plan to Attend University in the UK

MIDDLETOWN, Ohio, March 12, 2024 /PRNewswire/ -- EpicQuest Education Group International Limited (NASDAQ: EEIQ), ("EpicQuest Education", "EEIQ" or the "Company"), a provider of higher education for domestic and international students in the US, Canada and the UK, today announced that on March 6, 2024, Davis University ("Davis") received a letter of recognition signifying approval from Northumbria University ("Northumbria") for the transfer of credits of first year international coursework for Davis students. The transfer of credits earned at Davis for course credit at Northumbria expands educational opportunities for Davis students, and it increases revenue for Davis since it targets students who plan to study in the UK to pursue their degree programs.

"We are pleased with to have received recognition from Northumbria for the transfer of credits for our first-year international coursework as it facilitates options for our students to pursue their academic journeys," commented Diane Brunner, President of Davis University. "Our students have flexibility to remain at Davis for our two- or four-year degree programs, and our transfer pathways to top universities around the world gives optimal flexibility to Davis students for their future careers. As the UK is an important international destination for study abroad students, we are glad to advance this opportunity for our students in addition to other schools with whom we collaborate in the US, Europe and Asia."

The recognition by Northumbria stipulates that Davis students who complete its first-year international course with a 'B' average, and who apply to the Northumbria program using normal admissions standards, are eligible for acceptance into eight Northumbria programs. The recognition of the transfer of credits by Davis students is valid for admission to Northumbria for the 2024 – 2025, 2025 – 2026 and 2026 – 2027 academic years.

The US remains the most popular destination for study abroad students with the highest number of international students from around the world. Following the US, the UK is the second most popular destination as it is deemed to have highly reputed colleges and universities, and tuition fees can be lower than such fees are in the US. In terms of country of origin, China and India comprise the most students who study abroad and importantly, these two countries continue to be the Company's primary overseas recruitment target groups.

With the newly announced transfer of credits recognition with Northumbria, the Company is further expanding its core mission of internationalization that spans the spectrum from recruitment to enrollment to the option to transfer credits earned at EpicQuest Education's schools to colleges and universities around the world.

EpicQuest Education's Mission of Internationalization

The Company believes that internationalization is a key element of its strategic growth plan. EpicQuest Education's growth plan is to have its operated colleges, Davis University and EduGlobal College, become increasingly focused on international recruiting and enhanced globalized learning to its students as well as pathways to achieve university degrees. The Company's strategic growth plan is to achieve international expansion and establish EEIQ as a truly international service provider of higher learning.

About Northumbria University

Northumbria University ("Northumbria") is a public university primarily located in Newcastle, England's northernmost metropolitan borough. Northumbria has been a university since 1992 with origins in Rutherford College, founded in 1877. The university is organized into four faculties, Arts, Design and Social Sciences; Business and Law; Engineering and Environment; and, Health and Life Sciences. Northumbria works in partnership with higher education institutions across the world and has approximately 37,000 students from 137 countries.

About Davis University

Davis University ("Davis") is a private career-training university located in Toledo, Ohio. Davis offers a specialized professional career training curriculum in numerous fields, and its mission is to provide marketable skills that enhance the employability of its graduates. Davis 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 to its offering numerous two-year Associates degree programs and a four-year Bachelor of Science in Business degree, Davis has agreements with several four-year US universities for 'transfer pathways' that pave the way for its associate degree students to gain admission with the ability to transfer earned course credits. Davis University is accredited by The Higher Learning Commission and the Ohio State Board of Career University and Schools with programs authorized by the Ohio Board of Higher Education. For more information, please visit https://davisuniversity.edu/.

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 University degrees in the US, Canada and the UK. The Company owns and operates EduGlobal University, 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 University 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. EpicQuest Education recently established a wholly owned subsidiary, Gilmore Inv LLC, in Ohio, that will offer international educational programs related to kinesiology and recreation education. The Company also established a company in Ohio, SouthGilmore LLC that has been formed to organize sports-related entertainment projects, which is 40% owned by Gilmore. 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.

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 collaboration did EpicQuest Education Group International Limited (EEIQ) announce?

EEIQ announced a collaboration with Northumbria University to expand educational opportunities for Davis University students targeting international students planning to study in the UK.

What is the significance of the collaboration for Davis University?

The collaboration aims to increase revenue for Davis University by targeting students planning to pursue their degree programs in the UK and enhancing transfer pathways for students.

What are the conditions for Davis students to be eligible for acceptance into Northumbria programs?

Davis students who complete the first-year international course with a 'B' average and apply to the Northumbria program using normal admissions standards are eligible for acceptance into eight Northumbria programs.

Which countries are the primary overseas recruitment target groups for EpicQuest Education Group International Limited?

China and India are the primary overseas recruitment target groups for EEIQ.

What is EpicQuest Education's strategic growth plan?

EEIQ's growth plan focuses on international recruiting, globalized learning, and establishing itself as an international service provider of higher learning.