MIDDLETOWN, Ohio,Dec. 13, 2022/PRNewswire/ -- EpicQuest Education Group International Limited (NASDAQ:EEIQ), (the "Company" or "EpicQuest Education"), a provider of comprehensive education solutions for domestic and international students interested in college and university programs in the US,Canadaand the UK, today announced that onDecember 1, 2022, Ameri-Can Education Group Corp. ("Ameri-Can") completed its acquisition ofDavis College。OnNovember 26, 2021, EpicQuest Education acquired 70% of Ameri-Can which, at that time, held the right to the underlying equity ofDavis Collegein the form of a$1 millionloan, which was converted into 100% of the common stock ofDavis College。
"This transaction is in full alignment with the sustainable growth strategies of EpicQuest Education asDavis College, with its long history in post-secondary education since 1858, is devoted to student learning and the engagement of both domestic and international students," Mr.Jianbo Zhang, CEO and Board Chair of EpicQuest Education, commented.
Diane Brunner, President ofDavis College, said, "The conversion of the Ameri-Can loan into shares ofDavis Collegeconstitutes a change of control and the Higher Learning Commission Board of Trustees has approved the extension of our accreditation pursuant to this event. We are pleased to see this transpire and will continue to focus on the further internationalization of both our academic programs and recruitment plans that align with EpicQuest Education's international expansion strategy. We entered into five potential international collaboration in 2022 which reflect our commitment to EpicQuest Education's mission of diversity, inclusion and internationalization," Ms. Brunner continued.
"Looking ahead to 2023, our objective is to continue to develop relationships with colleges around the world to create an enriched academic experience atDavis College。We believe that the broadened internationalization atDavis Collegewill create academic synergies and create an intercultural educational experience that will better prepare our students for the global economy,"Diane Brunnerconcluded.
About Davis College
Davis Collegewas founded in 1858 and is a private, two-year career training college located inToledo, Ohio。Davis Collegeoffers a specialized professional career training curriculum in the fields of business, medical, and early childhood education. The college's mission is to provide marketable skills that enhance the employability of its graduates.Davis Collegeoffers 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,Davis Collegehas agreements with numerous four-year US universities for 'transfer pathway' programs that pave the way for students from two-year colleges to gain admission while being able to transfer their course credits.Davis Collegeis accredited by The Higher Learning Commission and the Ohio State Board of Career Colleges and Schools with programs authorized by theOhioBoard of Higher Education. For more information, please visithttps://www.daviscollege.edu/。
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 education solutions for domestic and international students interested in university and college degree programs in the US,Canadaand the UK. The Company has acquired 80% of the equity of EduGlobal College, based inBritish Columbia, Canada,重点是英语水平的教育programming for students pursuing academic degrees. The Company has also acquired a 70% equity ownership position inDavis College, a career training college located inToledo, Ohio。In addition, the Company has a recruiting relationship with the regional campuses ofMiami University of Ohio("the MU 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 ofMiami University。The Company also acts as a recruiting agent for the University of the West ofScotland(through The Education Group (London) Ltd) andCoventryUniversity, both of which are located in theUnited Kingdom。For more information, please visithttps://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 athttp://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
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https://www.epicquesteducation.com/
Investor Relations:
Precept Investor Relations LLC
David Rudnick
+1 646-694-8538
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Source: EpicQuest Education Group International Limited
SOURCE EpicQuest Education Group International Limited
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