The Award Recognizes the Company's Internationalization Strategy that Exports its Academic Programs and Pioneers Initiatives that Integrate AI into Higher Education TOLEDO, Ohio, Jan. 9, 2026 /PRNewswire/ -- EpicQuest Education Group International Limited (Nasdaq: EEIQ), ("EpicQuest Education," or the "Company"), a provider of higher education for domestic and international students in the US, Canada and the UK, today announced that it has been awarded the CES Speed Award for Global Branding at CES 2026, ...

Davis University's First Graduate Program to be Offered Internationally with Potential to Generate Revenue of At Least $2 Million Over the Next Four Years "The global launch of Davis University's Masters of Science program reflects our commitment to a truly global vision of education, and it is a central pillar of our internationalization strategy," said Diane Brunner, President of Davis University. "By extending our academic footprint across continents, we are not only expanding access to world-class educa ...

Core Insights - EpicQuest Education Group International Limited has reported a significant increase in enrollment for its foundational programs, with a 218% rise over the past two years and a 52% increase from the previous academic year [1][2] - The company anticipates that these foundational programs will generate over $5 million in revenue for the 2025-2026 academic year [1][2] Enrollment Growth - Enrollment in foundational programs at Davis University reached 175 students for Fall 2025, up from 115 in Fall 2024 and 55 in Fall 2023, indicating strong demand [2] - The retention rate for students in these programs is nearly 100%, suggesting a sustainable revenue stream for the company [2] Strategic Focus - EpicQuest Education emphasizes internationalization as a key element of its growth strategy, aiming to enhance globalized learning and international recruitment at its colleges [4] - The foundational programs are positioned at prestigious universities in China, such as Shanghai Jiao Tong University and The Chinese University of Hong Kong (Shenzhen), further enhancing the company's academic partnerships [3] Company Overview - EpicQuest Education provides comprehensive education solutions for both domestic and international students, operating institutions like EduGlobal College in Canada and Davis University in Ohio [5] - The company has established a recruiting relationship with Miami University Regional campuses and is also a recruiting agent for universities in the UK [5]

Core Insights - EpicQuest Education Group International Limited is focusing on international student recruitment as a key element of its strategic growth plan, particularly through its Davis University Associate Degree programs [2][5] - The enrollment of international students at Davis University has shown significant growth, with a 5x increase from 51 students in 2023 to 267 students in 2025 [2][3] - The number of educational institutions collaborating with Davis University has increased from one to three, with expectations to reach five in the next academic year, potentially doubling international student enrollment for 2026 [3] Enrollment Metrics - For the 2023 academic year, Davis University enrolled 51 international students, which increased to 101 for 2024, and further to 267 for 2025, indicating a rapid growth trajectory [2] - The growth rate in international Associate Degree student enrollment is 500% over two years [2] Strategic Collaborations - The number of collaborating educational institutions for Davis University's Associate Degree programs has expanded from one to three, with plans to increase to five in the upcoming year [3] - This strategic collaboration is aligned with the US government's support for career-oriented education, which emphasizes the need for education to meet modern workforce demands [3] Company Overview - EpicQuest Education provides comprehensive education solutions for both domestic and international students seeking higher education in the US, Canada, and the UK [6] - The company operates Davis University, a career training institution in Toledo, Ohio, and EduGlobal University in British Columbia, Canada [7]

Core Viewpoint - EpicQuest Education Group International Limited is actively participating in the H.C. Wainwright 27th Annual Global Investment Conference, highlighting its commitment to international education solutions and strategic growth plans [1][2][4]. Group 1: Company Overview - EpicQuest Education provides comprehensive education solutions for both domestic and international students seeking university degrees in the US, Canada, and the UK [5]. - The company owns EduGlobal University in British Columbia, Canada, and operates Davis University in Toledo, Ohio, where it holds a 70% ownership stake [5]. - EpicQuest Education has established a recruiting relationship with Miami University Regional campuses and is a recruiting agent for the University of the West of Scotland and Coventry University in the UK [5]. Group 2: Strategic Growth Plan - The company's strategic growth plan focuses on internationalization, aiming to enhance globalized learning and international recruitment at its operated colleges [4]. - EpicQuest Education recently established a wholly owned subsidiary, Gilmore Inv LLC, in Ohio to offer international educational programs related to kinesiology and recreation education [5]. - Additionally, the company formed SouthGilmore LLC in Ohio to organize sports-related entertainment projects, which is 40% owned by Gilmore [5]. Group 3: Conference Participation - The management team of EpicQuest Education will present virtually at the H.C. Wainwright conference from September 8-10, 2025, and will be available for one-on-one meetings with registered attendees [1][3]. - The presentation will be accessible on-demand through the conference portal and the company's website starting at 7:00 AM on September 8, 2025 [2].

Core Insights - EpicQuest Education Group International Limited (EEIQ) has established a foundational program in collaboration with Jishi Holdings at the Chinese University of Hong Kong, Shenzhen, effective until August 31, 2027, which represents a distinct revenue stream for the company [1][2] - The company has already admitted 20 students into this new program, with plans to enroll up to 60 students, highlighting the demand for its educational offerings [2] - EEIQ's strategic growth plan focuses on internationalization, aiming to enhance globalized learning and expand its international recruitment efforts [3] Company Overview - EpicQuest Education provides comprehensive education solutions for domestic and international students seeking university degrees in the US, Canada, and the UK [5] - The company operates Davis University in Toledo, Ohio, and EduGlobal University in British Columbia, Canada, and has recruiting relationships with several universities in the UK [5] - EEIQ has recently established subsidiaries in Ohio to offer international educational programs related to kinesiology and recreation education [5] Educational Focus - The foundational programs at Davis University are designed to equip students with the necessary skills for bachelor's degree programs and facilitate pathways to other US universities [2] - The Chinese University of Hong Kong, Shenzhen, where the new program is established, emphasizes bilingual education and interdisciplinary exploration, particularly in fields like computer science and artificial intelligence [4]

Core Viewpoint - EpicQuest Education Group International Limited has successfully closed a registered direct offering, raising approximately $3.7 million through the sale of 5,068,494 ordinary shares at a price of $0.73 per share [1][2]. Group 1: Offering Details - The offering was facilitated by FT Global Capital, Inc. as the exclusive placement agent [2]. - The gross proceeds from the offering are approximately $3.7 million before deducting fees and expenses [2]. - The net proceeds will be utilized for working capital and general corporate purposes [2]. Group 2: Company Overview - EpicQuest Education provides higher education solutions for both domestic and international students in the US, Canada, and the UK [1][4]. - The company owns EduGlobal University in British Columbia, Canada, focusing on English proficiency programs [4]. - EpicQuest is a 70% owner of Davis University in Toledo, Ohio, which specializes in career training [4]. - The company has recruiting relationships with Miami University Regional campuses and is a recruiting agent for the University of the West of Scotland and Coventry University in the UK [4]. - Recently, EpicQuest established a subsidiary, Gilmore Inv LLC, in Ohio to offer international educational programs related to kinesiology and recreation education [4].

Core Viewpoint - EpicQuest Education Group International Limited has entered into a securities purchase agreement for the sale of 5,068,493 ordinary shares at a price of $0.73 per share, aiming to raise approximately $3.7 million for working capital and general corporate purposes [1][2]. Group 1: Offering Details - The offering is being facilitated by FT Global Capital, Inc. as the exclusive placement agent, with the closing expected around August 26, 2025, pending customary closing conditions [2]. - The gross proceeds from the offering are anticipated to be approximately $3.7 million before deducting fees and expenses [2]. Group 2: Company Overview - EpicQuest Education provides higher education solutions for domestic and international students in the US, Canada, and the UK, operating EduGlobal University in British Columbia and holding a 70% stake in Davis University in Toledo, Ohio [4]. - The company has established a subsidiary, Gilmore Inv LLC, in Ohio to offer international educational programs related to kinesiology and recreation education, and formed SouthGilmore LLC for sports-related entertainment projects [4].

Financial Performance - Total revenues for the six months ended March 31, 2025, increased to $5,367,405, up 29% from $4,162,650 in the same period of 2024[3] - Gross profit for the same period rose to $3,416,170, compared to $2,403,421, reflecting a gross margin improvement[3] - Net loss attributable to common stockholders decreased to $231,942 for the six months ended March 31, 2025, from $3,207,372 in the prior year, indicating a significant reduction in losses[3] - The company reported a segmented loss of US$1,963,101 for the six months ended March 31, 2025, compared to a segmented loss of US$4,143,558 in the same period of 2024[105] - The company recorded other income of US$1,890,840 for the six months ended March 31, 2025, significantly higher than US$493,554 in the same period of 2024, primarily due to a gain from settlement of student-deposit refunds[103] Assets and Liabilities - Total current assets decreased to $2,456,327 as of March 31, 2025, down 43% from $4,291,475 as of September 30, 2024[2] - Total liabilities decreased to $8,904,800 as of March 31, 2025, down 28% from $12,413,406 as of September 30, 2024[2] - The company reported an accumulated deficit of $15,190,620 as of March 31, 2025, compared to $14,958,678 as of September 30, 2024[2] - Cash and cash equivalents, along with restricted cash, decreased to $673,053 as of March 31, 2025, from $1,488,754 at the beginning of the year[7] - As of March 31, 2025, total assets located in the U.S. and Canada were US$18,618,515, representing 93% of the company's total assets[105] Cash Flow and Financing - The company experienced a net cash used in operating activities of $2,294,857 for the six months ended March 31, 2025, compared to $10,068,519 in the prior year[7] - The company raised US$800,000 through a private placement by issuing 400,000 units at US$2.00 each during the year ended September 30, 2024[80] - The company has a loan payable of US$409,956 with an annual interest rate of 2%, extended to November 15, 2026[79] - The company plans to implement cost reduction initiatives and actively seek additional equity financing to address liquidity concerns[14] Strategic Initiatives - Management is exploring strategic partnerships with universities to introduce new educational programs and increase revenue sources[14] - The Company incorporated a wholly owned subsidiary, Gilmore INV LLC, on November 17, 2023, in Ohio[16] - Gilmore owns 40% of SouthGilmore LLC, which was incorporated on November 20, 2023, in Ohio[16] Revenue Recognition and Expenses - The Company recognizes revenue from education services over time as students receive services, with deferred revenue released based on semester terms, typically three months[33] - Costs of services primarily consist of tuition fees paid to partnered education institutions and salaries for instructors, charged based on semester terms[36] - General and administrative expenses decreased to US$4,509,893 for the six months ended March 31, 2025, from US$5,850,927 in the same period of 2024[102] Goodwill and Impairment - The Company has not recorded any impairment losses for the six months ended March 31, 2025, and 2024[47] - Goodwill is tested annually for impairment as of September 30, with no impairment losses reported for the periods presented[50] - As of March 31, 2025, the Company performed a qualitative assessment of its goodwill under RIL's operation and concluded that there were no indicators of impairment[52] - As of September 30, 2024, the Company performed a quantitative assessment of its goodwill under DU's operation and concluded that there were no indicators of impairment[53] Deferred Revenue and Prepaid Expenses - The ending balance of deferred revenue decreased to US$1,993,629 as of March 31, 2025, down from US$5,332,194 as of September 30, 2024[78] - Total prepaid expenses decreased from US$1,305,935 on September 30, 2024, to US$554,428 on March 31, 2025[69] - The Company prepaid US$7.5 million for soccer games as part of a total agreement of US$15 million with the Argentine Football Association[73] Stock and Equity - During the six months ended March 31, 2025, the company issued 495,000 common shares valued at US$422,140 for services rendered[82] - The company granted 200,000 performance-based shares to executives, which became exercisable after meeting sales increase targets for the year ended September 30, 2024[93] - As of March 31, 2025, the company had 1,485,000 stock options outstanding with a weighted average exercise price of US$1.95[87]

Core Insights - EpicQuest Education Group International Limited reported a 29% increase in revenue for the first half of fiscal 2025 compared to the same period in the previous year, driven by the expansion of international programs [2][4] - The company achieved a gross margin improvement to 64% and reduced operating costs significantly, contributing to a notable decrease in operating loss and net loss [5][7][8] Financial Performance - Revenues for the first half of fiscal 2025 were $5.37 million, up from $4.16 million in the same period of fiscal 2024, marking a $1.21 million increase or 29.1% [4] - Gross profit increased to $3.42 million, a rise of $1.02 million or 42.5%, with costs of services rising only 10.8% [5] - Operating expenses decreased to $5.38 million, down $1.17 million or 17.9%, primarily due to a 22.9% reduction in general and administrative expenses [6] - The operating loss was reduced to $1.96 million, a decrease of $2.08 million or 52.7% compared to the prior year [7] - Net loss for the first half of fiscal 2025 was $0.16 million, significantly improved from a net loss of $3.52 million in the same period of fiscal 2024, representing a decrease of $3.36 million or 95.5% [8] Cash Flow and Liquidity - Net cash used in operating activities was $2.29 million, a significant reduction from $10.1 million in the same period of the previous year [11] - Net cash provided by investing activities was $1.50 million, up from $0.75 million in the prior year, attributed to proceeds from the sale of real estate properties [12] - As of March 31, 2025, the company had $0.33 million in cash and cash equivalents, a decrease of 71.3% from $1.15 million as of September 30, 2024 [10] Strategic Initiatives - The company is expanding its global recruitment initiatives, particularly in China, Southeast Asia, LATAM, Africa, and the Middle East [3] - EpicQuest Education continues to strengthen its partnerships with prestigious universities worldwide, enhancing its internationalization strategy [3]