MIDDLETOWN, Ohio, September 12, 2022 /PRNewswire/ — EpicQuest Education Group International Limited (“EpicQuest Education” or the “Company”) (NASDAQ: EEIQ), a provider of comprehensive education solutions for domestic and international students interested in college and university programs in the United States , Canada and the United Kingdom, announced today that the two Davis College (“Davis”) and EduGlobal College (“EduGlobal”) have signed non-binding memorandums of understanding with ICBT Campus of Sri Lanka (“ICBT”); memorandums of understanding have a term of five years from August 30, 2022. In addition, Davis and EduGlobal have entered into recruitment agency agreements (“Agency Agreements”) with ICBT which designate ICBT as their exclusive recruitment agent in Sri Lanka for a period of three years from September 1, 2022.
“We are pleased to enter into these agreements with ICBT as we seek to further achieve our goals of diversity, inclusion and internationalization. We are committed to expanding our educational ecosystem through our many potential collaborations to provide a intercultural educational enrichment to our students.The agreements also reflect the synergies between Davis College and EduGlobal College where we can establish collaborations and relationships with international colleges and universities for the benefit of both of our schools,” said Jianbo ZhangCEO of EpicQuest Education.
The purpose of the MoU between Davis and ICBT will be to mutually benefit from academic collaborations, including the potential for (1) exchange of academic personnel for teaching and research purposes, (2) exchange programs/ study abroad for students, (3) participation in joint seminars, lectures, trainings and academic meetings, (4) exchange of research materials in areas of mutual interest, (5) research/consulting contracts and (6) exploring potential program collaborations. The purpose of the MOU between EduGlobal and ICBT is to explore possibilities for a formal partnership in the areas of (1) English for Academic Purposes, (2) Academic Bridging Programs, (3) student recruitment and (3) teaching and research. Opportunities. MoUs are non-binding and any future cooperation is subject to the availability of funds and the parties’ approval of definitive agreements.
The agency agreements between Davis and EduGlobal, and ICBT, designate ICBT as the exclusive recruiting agent for both colleges in Sri Lanka whereby ICBT will engage in a wide range of activities to recruit prospective students to both schools. These activities include advertising activities that provide information about academic programming, assistance with applications and visas, and other services that may help prospective students through the enrollment process.
EpicQuest Education intends to have its colleges operated, Davis College and EduGlobal College, increasingly engage in international collaborations to provide enhanced globalized learning for its students as well as pathway programs to obtain advanced academic degrees. A key part of the company’s growth plan is to build cross-border relationships and make strategic acquisitions around the world to establish EpicQuest Education as a truly international provider of higher education services.
About the ICBT Campus, Colombia, Sri Lanka
ICBT Campus (“ICBT”), also known as the International College of Business and Technology, offers internationally recognized educational programs in association with universities and educational service providers around the world. ICBT has the largest number of students in the private higher education sector and offers certificates, diplomas, pre-university programs, undergraduate programs, master’s programs, including doctoral programs in association with universities and educational service providers in Australia, Belgium, India, Thailand, Sweden and the UK. ICBT has eight branches in Sri Lanka with its main campus located in Bambalapitiya, ColomboSri Lanka.
About EpicQuest Education Group International Limited
EpicQuest Education Group International Limited (“EpicQuest Education” or the “Company”), through its subsidiaries Quest Holding International LLC and Highrim Holding International Limited, provides comprehensive educational solutions to domestic and international students interested in academic and colleges in the United States, Canada and the UK. The Company acquired 80% of the capital of EduGlobal College, based in British Columbia, Canada, which focuses on educational English proficiency programs for students pursuing a college education. The Company also acquired the right to hold a majority stake in Davis Collegea vocational training school located in Toledo, Ohio. In addition, the Company maintains a recruiting relationship with the regional campuses of Miami University of Ohio (“the UM Regional Campuses”), where it has residential facilities, a full-service cafeteria, recreational facilities, shuttles, and a Regional Campus Office that offers study at the abroad and post-study services to its students; such facilities are not owned, maintained, operated or part of University of Miami. The Company also acts as a recruiting agent for the University of Western Scotland (via The Education Group (London) Ltd) and Coventry University, both located in the UK. For more information, 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 than amended. Forward-looking statements include statements about 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 any future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that may be forward-looking statements. You can identify these forward-looking statements by the use of words such as “may”, “will”, “anticipate”, “assume”, “should”, “indicate”, “believe”, “intend”, “” expect”, “estimate”, “continue”, “plan”, “indicate”, “project”, “could”, “intend”, “target”, and other similar words and phrases from the future tense.
All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary statement, including, without limitation, the risks and uncertainties described in our most recent Form 20-F and otherwise in our reports and documents with the SEC. These reports are available upon request from the Company or the Securities and Exchange Commission, including on the SEC’s website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any forward-looking statements after the date hereof or after the respective dates on which such statements are otherwise made.
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Source: EpicQuest Education Group International Limited
SOURCE EpicQuest Education Group International Limited