EpicQuest Education Signs Agreement to Strengthen and Expand its International Programs in South America

Rhea-AI Summary

EpicQuest Education (Nasdaq: EEIQ) announced on October 29, 2025 that Davis University entered an amended Transfer Articulation Agreement with The Center of Advanced Studies (CAS) to establish credit-transfer pathways for international students. The Agreement, contingent on Davis receiving accreditation to offer an Associate of Arts degree, permits students at SISINTEL, S.A. in Guayaquil and Cuenca, Ecuador to transfer credits into Davis University to pursue a Bachelor of Science in Business and Associate degrees.

The Agreement also allows for possible future CAS program sites in Sri Lanka, Myanmar, and Japan. EpicQuest said this aligns with its internationalization strategy to expand enrollment, global programming, and diversified revenue growth across Davis University and EduGlobal College.

Insights

Higher education international partnerships analyst

Amended articulation deal expands Davis University pathways into Ecuador and other CAS sites; accreditation is a gating item.

EpicQuest Education’s Davis University amended Transfer Articulation Agreement with The Center of Advanced Studies creates explicit credit-transfer routes from SISINTEL, S.A. in Guayaquil and Cuenca, Ecuador, into Davis degree programs, and allows for additional CAS sites in Sri Lanka, Myanmar and Japan to be added later. The arrangement makes program delivery local to participating students and formally links those credits to Davis’ Associate and Bachelor of Science in Business pathways, subject to Davis receiving accreditation to grant an Associate of Arts degree.

The business mechanism is straightforward: broadened articulation agreements can increase international enrollments and diversify revenue by recruiting students who start locally and transfer credits to Davis. Key dependency and risk: the Agreement is contingent on accreditation, which directly controls whether the pathway can operate as described. There are no disclosed financial terms, enrollment targets, or timelines, so the near-term revenue impact is unquantified.

Concrete items to watch over the next 6–12 months include whether Davis secures the stated accreditation, any announced enrollment or revenue figures tied to the program, and formal activation of the Cuenca and Guayaquil sites; the addition of the optional CAS sites in Colombo, Yangon and Tokyo would be a separate milestone if triggered.

Davis University's Global Academic Programs are Central to its Mission of Internationalization and Results in Diversified Revenue Growth

TOLEDO, Ohio, Oct. 29, 2025 /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 Davis University ("Davis") recently entered into an amended Transfer Articulation Agreement (the "Agreement") with The Center of Advanced Studies ("CAS"), that operates international study programs. The amended Agreement, which is contingent on Davis receiving accreditation to provide an Associate of Arts degree, establishes a pathway for international students to earn Bachelor of Science in Business and Associate degrees at EEIQ's Davis University. Under the Agreement, students may transfer academic credits earned at SISINTEL, S.A., an educational institutional in Guayaquil and Cuenca, Ecuador, which partners with CAS' International Studies Program.

"Davis University's programs around the world are a vital component of our internationalization strategy as it extends our academic reach and diversifies our growing revenue stream on a global basis," commented Diane Brunner, President of Davis University. "The agreement with CAS enables us to place our programs in a key South American market which facilitates students being able to access our programs in their home country and achieve academic degrees in a cost-effective manner. This agreement represents another step forward in connecting global learners and fostering international collaboration in higher education."

The updated Agreement between Davis and CAS establishes a transfer pathway for students to enter into Davis programs held at the CAS' International Studies Program at the SISINTEL, S.A. Advanced University Program International Institute located in Cuenca and Guayaquil, Ecuador. Additional CAS international studies program sites that may be added at a later time as per the Agreement include Nawaloka College of Higher Studies, in Colombo, Sri Lanka; The American University of Yangon, Yangon, Myanmar; and, Kanda Institute of Foreign Languages, in Tokyo, Japan.

EpicQuest Education's Strategy of Internationalization

EpicQuest Education believes that its collaborative programs for Davis University and EduGlobal College, its two owned and operated institutions of higher learning, are a key element of its internationalization strategy to expand its student enrollment and academic programming. The Company's strategy provides enhanced globalized learning and enriched multicultural experiences that can help students reach their full potential and better prepare them for careers in the global economy. Further, EpicQuest Education's strategic growth plan has increased its international student enrollment in recent periods which can lead to strong and sustainable financial results.

About Davis University

Davis University ("Davis") was founded in 1858 and is a private career-training University located in Toledo, Ohio. Davis offers a specialized professional career training curriculum in numerous fields, and its mission is to provide marketable skills that enhance the employability of its graduates. Davis offers coursework flexibility to ensure program success as well as externship opportunities that provide its student population with real-world skill sets prior to graduation. In addition to offering numerous associates degrees, and a bachelor's degree in business, Davis has agreements with several four-year US universities for 'transfer pathways' that pave the way for its associate degree students to gain admission with the ability to transfer earned course credits. 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. For more information, please visit www.davisuniversity.edu/.

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 College, 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 ("Gilmore"), 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 in this release include, without limitation, the ability of Davis to receive accreditation for delivery of an Associate of Arts in Liberal Arts and Sciences degree and the ability of the Company to place students in its academic programs abroad. 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.

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 in this press release include, without limitation, the Company's estimates on the increase in student enrollment from the Agreement. 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
+1 513-649-8350
info@epicquesteducation.com

Investor Relations:
Precept Investor Relations LLC
David Rudnick
+1 646-694-8538
david.rudnick@preceptir.com

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SOURCE EpicQuest Education Group International Limited

FAQ

What does the October 29, 2025 agreement mean for EEIQ (EpicQuest Education) students in Ecuador?

It creates a transfer pathway allowing students at SISINTEL in Guayaquil and Cuenca to transfer credits into Davis University toward a Bachelor of Science in Business or an Associate degree, subject to Davis accreditation for an Associate of Arts.

Is the Davis–CAS transfer agreement for EEIQ effective immediately?

The amended Agreement is contingent on Davis receiving accreditation to provide an Associate of Arts degree, so full implementation depends on that accreditation.

Which international sites are included in the EEIQ and CAS agreement announced October 29, 2025?

Initially SISINTEL sites in Guayaquil and Cuenca, Ecuador; the Agreement allows additional CAS sites later including locations in Sri Lanka, Myanmar, and Japan.

How does the October 29, 2025 agreement support EpicQuest Education’s (EEIQ) strategy?

EpicQuest said the Agreement advances its internationalization strategy by expanding global program access, supporting enrollment growth, and diversifying revenue across its institutions.

Will the Davis–CAS pathway change tuition or degree requirements for EEIQ students?

The announcement describes a credit-transfer pathway; any changes to tuition or specific degree requirements were not disclosed and remain subject to Davis accreditation and program terms.

Can EEIQ investors expect immediate financial impact from the Davis–CAS transfer agreement?

The release links the Agreement to long-term international enrollment growth but does not provide immediate financial figures or timelines for revenue impact.