EpicQuest Education Announces Fiscal Year End 2022 Financial Results

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[{"type":"text","content":"MIDDLETOWN, Ohio, Jan. 23, 2023 /PRNewswire/ -- EpicQuest Education Group International Limited (NASDAQ: EEIQ), (the \"Company\" or \"EpicQuest Education Group International\"), a provider of comprehensive education solutions for domestic and international students interested in college and university programs in the US, Canada and the UK, today announced its financial results for the twelve months ended September 30, 2022.\n\n \n \n \n \n \n \n\n \n\"We are pleased to report a 19% increase in revenue for fiscal year 2022 as compared to fiscal year 2021. We saw in-person attendance continue to normalize at the English Language Program at the regional campuses of Miami University relative to our strategic pivot to remote learning in previous periods attributable to the disruptive effects of the Covid-19 pandemic. While our operating performance was stronger than that in the previous fiscal year, the Company is still in the process of recovering from the significant impact of Covid-19 over the past two and a half years. As our acquired colleges contribute to our financial results in future periods, and as we realize cost synergies, we are optimistic that our financial performance will improve over time,\" commented Jianbo Zhang, Chairman and Chief Executive Officer of EpicQuest Education. \n\"We are committed to our growth strategy of international expansion. Davis College entered into seven educational relationships with international universities in 2022, and we expanded our recruiting efforts to further internationalize our student body. We believe that our strategic plan will optimally grow the company and lead to superior educational outcomes for our students. Davis College and EduGlobal College both offer a cost-effective and practical education for our students, and combined with our pathway programs, enable advanced degrees and expanded career options,\" continued CEO Jianbo Zhang.\n\"We continue to engage in vigorous marketing and recruitment activities for all of our educational programs. Since January 2023, we have held more than 70 online promotional and training sessions, including business training with partners and live broadcast activities for potential students. We have also increased the number and variety of online activities that include online guidance classes and online service training sessions to spur stude...

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