1. EEIQ launches a foundational program with Chinese University of Hong Kong. 2. 20 students enrolled; aiming for 60 in new program. 3. Internationalization is core to EEIQ's growth strategy. 4. Partnerships with elite universities enhance revenue streams. 5. Program effective until August 31, 2027.
The establishment of a foundational program represents a new revenue source for EEIQ. Historically, announcements of strategic partnerships in education have led to positive market reactions.
This partnership signifies strategic growth potential, which is crucial for investor confidence. Increased enrollments and revenues may lead to a rise in stock prices.
The long-term nature of the partnership will generate consistent enrollment and revenue. Similar partnerships in education typically begin showing impact after 1-2 years, as they grow enrollment rates.
EEIQ's Foundational Programs in Students' Home Countries Constitute a Distinct Revenue Stream for the Company
TOLEDO, Ohio, Aug. 28, 2025 /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 its owned and operated Davis University ("Davis") entered into an agreement with Jishi Holdings (Guangdong) Co. Ltd., established by the School of Artificial Intelligence, the Chinese University of Hong Kong, Shenzhen, for the Company to establish a foundational program on the Shenzhen campus of the Chinese University of Hong Kong. The Agreement is effective until August 31, 2027.
Jianbo Zhang, Chief Executive Officer of EpicQuest Education, commented, "Although the program commenced just this month, we have already admitted 20 students with plans to enroll up to 60 students in this new program. Our foundational programs represent a distinct revenue stream for the Company, and they enable students to study in their home countries to gain the skills needed for study abroad. The agreement represents our fourth foundational program, and all of our programs are with first-class and internationally renowned universities."
EEIQ's Davis University foundational programs constitute a course of study for students to acquire the skills needed for Davis University's bachelor's degree programs as well as pathways for admission to other US universities. The Company also has foundational programs at other elite universities in China.
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 EpicQuest Education as a truly international service provider of higher learning.
About the Chinese University of Hong Kong, Shenzhen
The Chinese University of Hong Kong, Shenzhen (CHUK-Shenzhen) offers bilingual education in Chinese and English. The university offers a diverse range of disciplines across eight colleges and a graduate school. The school aims to build an interdisciplinary and innovative world-class platform for teaching and research. CHUK-Shenzhen focuses on cultivating core competencies in fields such as computer science and mathematics, encourages interdisciplinary exploration, and promotes the application of artificial intelligence technologies across a wide range of domains.
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 in this press release include, without limitation, the expected enrollment in its foundational programs, and the increased revenue expected from such programs. 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