EpicQuest Education Announces a New Revenue Stream Through Davis University’s High School Acceleration and Pathway Programs

EpicQuest Education Group International Limited (Nasdaq: EEIQ) said its owned and operated Davis University (“Davis”) has entered into agreements with four Canadian high schools to allow high school students to enroll in Davis’ first-year online courses in its Bachelor of Science in Business program. The initiative is designed to support high school accelerated and university pathway programs.

Agreements with Canadian high schools

Davis University President Diane Brunner said the agreements could create a new revenue stream for the company, noting that each student may take a significant number of courses at Davis. She also described the program as a recruitment pool for Davis’ full-time degree offerings.

Brunner said the agreements provide Canadian high school students an opportunity to experience college-level academics, accelerate their college degrees, improve their admissions profiles, and potentially earn transferable college credits to Davis’ partner universities while saving on future tuition costs. She added that Davis’ “practical, results-driven learning experiences” could help students align their academic experiences with future career goals.

Potential scope beyond coursework

In addition to the pathway programs, the agreements may include the exchange of teachers and the exploration of further academic program collaborations. The company said separate agreements may be developed to address specific programs described in the agreements and the financial arrangements for each activity.

The company also stated that the agreements may be subject to compliance with the Canadian Ministry of Higher Education and relevant U.S. educational government agencies.

Company background

Davis University

Davis University, founded in 1858, is a private career-training university in Toledo, Ohio. The company said Davis offers a specialized professional career-training curriculum across multiple fields, with a mission focused on providing marketable skills to enhance graduate employability. Davis provides coursework flexibility and externship opportunities intended to give students real-world skill sets prior to graduation.

Davis offers associate degrees and a bachelor’s degree in business. The company said Davis has “transfer pathways” agreements with several four-year U.S. universities to help associate degree students gain admission with the ability to transfer earned course credits, and it also has articulation agreements with several international schools for the transfer of credits to attend Davis. Davis is accredited by The Higher Learning Commission and the Ohio State Board of Career Colleges and Schools, with programs authorized by the Ohio Board of Higher Education.

EpicQuest Education Group International Limited

EpicQuest Education Group International Limited provides education solutions for domestic and international students seeking college and university degrees in the U.S., Canada, and the UK. The company said it owns and operates EduGlobal College in British Columbia, Canada, which focuses on English proficiency educational programming for students pursuing academic degrees.

EpicQuest Education also operates and is a 70% owner of Davis University. The company further described recruiting relationships with Miami University Regional campuses, and said it maintains facilities there that include residential accommodations, a full-service cafeteria, recreational facilities, shuttle buses, and an office providing study abroad and post-study services; it noted these facilities are not owned, maintained, operated, or part of Miami University.

EpicQuest Education also said it is a recruiting agent for the University of the West of Scotland (through The Education Group (London) Ltd) and Coventry University in the UK. The company recently established a wholly owned subsidiary, Gilmore Inv LLC (“Gilmore”), in Ohio to offer international educational programs related to kinesiology and recreation education. It also established SouthGilmore LLC in Ohio, formed to organize sports-related entertainment projects, which is 40% owned by Gilmore.

Forward-looking statements

The company included a safe harbor statement noting that statements in the press release may be forward-looking, including statements about Davis’ ability to work with high school collaborators to achieve the goals set out in the agreements. It said such statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied. The company said it has no obligation to update or revise forward-looking statements after the date of the release or after the dates on which such statements otherwise are made.