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
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SOURCE EpicQuest Education Group International Limited