MIDDLE TOWN, Ohio, December 20, 2022 /PRNewswire/ — EpicQuest Education Group International Limited EEIQ(the “Company” or “EpicQuest Education”), a provider of comprehensive education solutions for domestic and international students interested in college and university programs in the United States, Canada and Great Britain, announced today that on November 10, 2022the company expanded its international growth strategy with the signing of a non-binding memorandum of understanding (“MOU”) with ICBT Campus of Sri Lanka (“ICBT”). The MOU articulates specific partnership programs and collaborative activities between Davis College and EduGlobal College, the company’s two majority-owned colleges, and ICBT.

“With this MOU, we continue our strategic growth plan to enter international education markets. We intend to develop numerous collaborative programs with reputable higher education institutions where we can create meaningful opportunities to enhance our students’ educational experience,” he said Jianbo Zhang, Chairman and CEO of EpicQuest Education. “In the meantime, we are also exploring the potential to set up an operational hub in Sri Lanka to facilitate our expansion into the South East Asia Market to leverage our educational program and unique learning culture Vietnam, Thailand, Malaysia and India. Our management team is on site in Sri Lanka to help us execute our strategic growth goal of internationalizing our student recruitment and academic program for both Davis College and EduGlobal College.”

The purpose of the MOU is to create opportunities for a formal partnership for the first year of franchising of Davis College The Associate Degree Academic Program and the EduGlobal College University Path Founding Program, both to be conducted at the ICBT. Both programs would allow ICBT to issue internal standard certificates and transcripts to students completing those respective first years of study…