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EEIQ: Company Optimistic About Growth Strategy & Enrollment Trends

By M. Marin



Furthering international strategy with new agreements, operating hub…

EpicQuest Education Group International Limited (NASDAQ:EEIQ) has launched several new measures over the past few quarters to diversify and boost revenue and expand its presence in key markets. The company provides a broad range of educational solutions for domestic and international students who are interested in pursuing college, university and career training programs in the company’s key target markets.

Through recent investments, EEIQ owns and operates (O&O) Davis College and EduGlobal College as part of its O&O strategy to exert greater control over the programming it offers and to expand its career-focused programs and services. In addition to its career training offerings, Davis College also plans to offer a four-year baccalaureate degree program pending receiving regulatory approvals.

… Agreements enhance international offerings at Davis College & EduGlobal College…

EpicQuest aims to enhance the international program offerings at both Davis College and EduGlobal College to offer its students opportunities for global learning and to attract a geographically diverse student base. EpicQuest has formed many agreements in recent months to advance this goal, including a recent agreement for Davis College and EduGlobal College with ICBT Campus of Sri Lanka.

… Sri Lanka key hub to expand marketing & recruitment efforts in Southeast Asia markets

The presence in Sri Lanka also furthers EpicQuest's goal to build its footprint in certain target new markets. The company is establishing an operating hub in Sri Lanka to facilitate further expansion into the Southeast Asia market.

The company's growth plan also includes expanding to additional U.S. and UK universities. In November 2022, the company entered into an agreement with The Education Group, agreeing to recruit students from China for admission to the University of the West of Scotland at the university's London campus.

Reflecting the initiatives aimed at broadening its global reach, EpicQuest expects that over time roughly half of revenue will be generated from recently initiated operations such as those at Davis College and EduGlobal. The company also has had a ten-year recruiting relationship with the regional campuses of Miami University (MU) of Ohio 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. EEIQ is optimistic about enrollment trends. EEIQ views the on-campus arrival for the Fall 2022 term at MU of students admitted in prior years and China's indications about easing travel restrictions as positive indicators.

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