EEIQ’s Internationalization Strategy Expected to Increase Student Enrollment and Amplify the Strong Academics at Davis College
MIDDLETOWN, Ohio, June 13, 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 that Davis College signed a non-binding Memorandum of Understanding (the “MOU”) with Urumqi Vocational University (“UVU”), located in Xinjiang, China, and a non-binding MOU with Hetu Technology Co, Ltd. (“Hetu”), also based in Xinjiang, China. The Company believes that the nonbinding MOUs will allow for separate strong collaborations with the two organizations.
EEIQ’s MOUs Expected to Generate a Positive ROI for the Company
Jianbo Zhang, Chairman and CEO of EpicQuest Education, commented, “We are pleased to enter into these two MOUs as we further our goal of internationalization. Our twelve potential global collaborations are vital to the academic success and broader career options that we provide to both of our college’s students, and we believe that the collaborations will ultimately lead to an increase in enrollment.”
“The two potential collaborations will enable EpicQuest Education to expand its international presence with overseas students as well as provide an enriched intercultural experience for our Davis College students. We look forward to the development of definitive agreements to provide our coursework to overseas students which would potentially increase our enrollment and achieve a positive ROI for the Company,” concluded CEO Jianbo Zhang.
The purpose of the MOU between Davis College and UVU is to collaborate on educational programs including student exchange and dual degree programs, academic and research exchange projects, and the exchange of faculty. The MOU will be effective for five years.
The purpose of the MOU between Davis College and Hetu is to develop a project for international students outside of the US to study American undergraduate courses in China taught by Davis College faculty. Also, academic transcripts for the courses completed in China will be jointly issued by Davis College and collaborating universities in China. Upon completion of the two-year program, students not only enhance their English proficiency and gain valuable international academic experience, but the program serves as a foundation for future academic studies at the collaborating university in China or universities in the US through their articulation agreements with Davis College. The MOU will be effective for five years.
The Company believes that its global collaborations are a key element of its mission of internationalization. A vital component of EpicQuest Education’s growth plan is to have its operated colleges, Davis College and EduGlobal College, become increasingly connected to international programs in order to offer enhanced globalized learning to its students as well as pathways to achieve university degrees. The Company’s strategic growth plan is to achieve growth in enrollment through international expansion and to establish EEIQ as an international service provider of higher learning.
