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EpicQuest Education Group International Limited (NASDAQ: EEIQ) is a provider of comprehensive education solutions for both domestic and international students seeking university and college degrees in the US, Canada, and the UK. The company operates and owns several educational institutions and collaborates with prestigious universities worldwide to offer a diverse range of academic programs.
At the heart of EpicQuest Education are EduGlobal College and Davis University. EduGlobal College, located in British Columbia, Canada, offers English proficiency educational programs aimed at international students who aspire to pursue academic degrees. The college is also approved to run co-op diploma programs, blending academic education with real-world work experience. Davis University, a career training institution based in Toledo, Ohio, focuses on practical education to provide marketable skills to its graduates. The university offers various associate and bachelor's degree programs and has recently expanded its online education efforts, gaining approval from the Higher Learning Commission.
EpicQuest Education also has a significant presence at Miami University Regional campuses in Ohio, where it provides residential, recreational, and study abroad facilities for students. Additionally, the company has established new subsidiaries focused on sports-related entertainment and kinesiology education, broadening its academic offerings and integrating physical health studies with career training opportunities.
The company’s strategic plan of internationalization is evident in its various partnerships and recruiting efforts. EpicQuest Education recently opened a recruiting office in Sri Lanka to attract students from Southeast Asia and the Middle East. This effort aims to expand the student base and increase enrollment at its institutions. Additionally, collaborations with universities like Northumbria University in the UK enable credit transfers, offering students greater flexibility in their academic pursuits.
EpicQuest Education's recent achievements highlight its commitment to growth and diversification. For instance, the company's foundational programs at Peking University and Shanghai Jiao Tong University are designed to prepare students for eventual degree programs at Davis University. These initiatives are expected to increase enrollment and revenue, providing additional revenue streams beyond its existing operations in the US and Canada.
The company’s focus on sports-related entertainment also presents new revenue opportunities. EpicQuest Education’s subsidiary entered into an agreement with the Argentine Football Association to host exhibition matches, leveraging the global sports industry's growth potential.
Overall, EpicQuest Education Group International Limited is committed to providing high-quality education while expanding its global footprint through strategic partnerships and innovative academic programs. For more information, please visit www.epicquesteducation.com.
EpicQuest Education Group, listed on Nasdaq under the ticker EEIQ, received a notification from Nasdaq on June 24, 2024, regarding non-compliance with the minimum bid price requirement. The company's stock has traded below $1.00 per share for 30 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2). EpicQuest has until December 23, 2024, to regain compliance by maintaining a closing bid price of at least $1.00 per share for 10 consecutive business days. If the company fails to meet this deadline, it may qualify for additional time to rectify the deficiency by meeting other Nasdaq listing standards. The immediate listing of EEIQ shares remains unaffected by this notice.
EpicQuest Education (NASDAQ: EEIQ) announced an operational update for its wholly-owned Davis University, emphasizing its foundational programs in China and sponsored soccer matches with the Argentine Men's National Football Team. A renewed agreement with Peking University will raise student enrollment from 50 to 80 students, effective July 28, 2024, through July 31, 2025. Additionally, a new agreement with Shanghai Jiao Tong University aims for up to 50 students starting in September 2024. These programs are expected to generate over $5 million for the fiscal year ending September 30, 2025.
EpicQuest's sports entertainment segment, involving exhibition matches with the Argentine team, has been rescheduled for October 2025 to March 2026. This segment seeks to tap into the growing global sports market, projected to reach $680 billion by 2028. The company anticipates revenue from broadcasting rights, sponsorships, ticket sales, and merchandise.
EpicQuest Education (NASDAQ: EEIQ) announced a new Cooperation Agreement with Shanghai Jiao Tong University, effective May 8, 2024, to December 31, 2026. This agreement intends to establish a foundational program for students to gain admission into Davis University's bachelor's degree programs. The program is projected to generate at least $3.4 million in revenue per year starting in 2025.
Each class will include about 50 students, with an annual tuition of $33,800, and will expand to 100 students by 2025. The foundational program replicates a similar setup with Peking University, which expects to see a significant increase in enrollments. The agreement supports EpicQuest's strategy of internationalization and sustainable revenue growth.
EpicQuest Education Group International (NASDAQ: EEIQ) provided a corporate update through an interview with Global Market Bulletin, highlighting strong growth metrics and initiatives for new revenue streams. The company focuses on practical education, enrollment growth, pathway programs, and collaborations to optimize academic journeys. Recent developments include Davis University's reputation, EduGlobal College's elite program for Chinese students, recruiting efforts in Sri Lanka, increased international student enrollment, and new STEM programs attracting students from China and India. The company aims for sustainable growth through internationalization, diverse recruitment strategies, and a student-centric approach. Plans include entering the sports education and entertainment segment and making strategic acquisitions. EpicQuest Education emphasizes internationalization for its operated colleges to become global service providers of higher learning.
EpicQuest Education Group International (EEIQ) has announced agreements with Saint Paul International Academy and Hetu Education Technology to increase enrollment and revenue at its owned schools, EduGlobal College and Davis University. These partnerships aim to recruit students globally for online dual degree programs, improve academic programs, and enhance student recruitment strategies. The company expects these initiatives to drive growth and revenue at its educational institutions.
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