EpicQuest Education Announces Expansion of the Davis University Campus to Downtown Toledo

The New 17,000 Square Foot Classroom and Student Activities Space at 'Tower on the Maumee' Will Accommodate the Expected Growth in Enrollment Metrics at Davis

MIDDLETOWN, Ohio, July 9, 2024 /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 it recently expanded its Davis University campus to downtown Toledo, to accommodate an expected growth in enrollment metrics attributable to its internationalization strategy.

"We are excited to announce the expansion of Davis University into a new location in downtown Toledo. This strategic move will house our new upcoming programs and provide a vibrant learning environment in the heart of Toledo. The new campus is set to open for admissions in July 2024, welcoming students to a dynamic urban setting that fosters innovation and growth," said Diane Brunner, President of Davis University. "We are committed to grow the University and offer career-focused programs for both our domestic and international students in a continued tradition of excellence."

Davis University is the only institution of higher learning located in downtown Toledo, and Davis will host a ribbon cutting ceremony on July 9^th to celebrate its new learning environment.

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 EEIQ as a truly international service provider of higher learning.

"Our pathway and collaborative international programs are a vital element of the Company's strategic plan that provides options to our students that customizes their academic journeys," commented EpicQuest Education CFO Zhenyu Wu. "Our four-year Bachelor's Degree in Business supports both our domestic and international recruiting and offers a career path into many professions. Further, Davis University's new STEM programs in Data Science and Computer Engineering continue to attract international students who continue to view the US as the most attractive overseas study abroad country. We are confident that our student-centric approach combined with our growth strategy of internationalization will result in a strong return on investment for both our students and our shareholders."

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 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
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Investor Relations:
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Source: EpicQuest Education Group International Limited

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