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Davis College's Key Strides in Recruitment and Programming Expected to Result in Increased Revenue Generation
MIDDLETOWN, Ohio, Oct. 10, 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 an operations update for Davis College that encompass the school's progress in its international recruitment, collaborative programming and regulatory approvals
Diane Brunner, President of Davis College, commented, "We are pleased to see strong progress in our recruiting at Davis College with nearly a three-fold increase in international student enrollment for the current academic quarter as compared to the year-ago period. This is consistent with our mission of internationalization which offers students an enriched intercultural educational experience while increasing our enrollment. Also, our agreement with a premier recruitment agent in China diversifies our own recruiting efforts which we believe will deepen Davis College's recognition in all of Southeast Asia."
"We are committed to offer our students a wide range of educational programing which is exemplified by our collaboration with Peking University, a preeminent educational institutional in China. We are also pleased to have received notice from the Higher Learning Commission that enables us to offer a wide range of online courses that provides optimal flexibility for our students to experience our elite career-oriented professional training. Our core mission of internationalization helps Davis College students reach their full potential and better prepare them for careers in the global economy."
International Enrollment: A Big Surge for the First Academic Quarter of 2023
As of September 30, 2023, Davis has enrolled 102 international students for the first academic quarter of 2023 (from August 21 to November 3). This compares with 35 international students that were enrolled at Davis in this same academic quarter in 2022, which represents a 191% increase, and 18 international students that were enrolled in this same academic quarter in 2021. The substantial increase in international enrollment for the first academic quarter of 2023 includes 50 international students through the agreement with Chongqing Technology and Business Institute and 42 international students through EEIQ's foundational programs in China.
International Recruitment: Agreement with the Leading Recruiter in China
On July 1, 2023, Davis entered into an agreement with Beijing New Oriental Vision Overseas Consulting Co., Ltd. ("New Oriental Consulting") whereby New Oriental Consulting will act as a non-exclusive recruiting agent for Davis for a period of three years. New Oriental Consulting is the largest recruitment agent for students in China and recruits for top colleges and universities in the US and around the world.
Collaborative Programming: Training Program at Peking University
On August 10, 2023, Davis entered into an agreement with Peking University School of Education for a two-year continuing education and training program. During the first two years of the program, Davis College students take course work on the main campus of Peking University; the remainder of the course work is to be taken on Davis; campus in Toledo, Ohio, leading to the attainment of degrees. The education program with Peking University, a preeminent university in China, began on September 1, 2023, with an enrollment to be capped at 50 Davis College students. Peking University is regarded as one of the largest and highest ranked universities in China.
Regulatory Approval: Higher Learning Commission Accredits Online Education
On September 12, 2023, the Higher Learning Commission (HLC) approved Davis College for all of its education courses and programs that are offered online. HLC indicated that since Davis has met the threshold requirement for online education, it does not need to seek further online education approvals from HLC. The HLC is an independent corporation is one of seven regional accreditors in the US that accredits degree-granting post-secondary educational institutions.
Posted In: EEIQ
