Quality Online Education Group Releases Corporate Update
Rhea-AI Summary
Quality Online Education Group Inc. (QOEG) has announced its updated corporate strategy, focusing on capital management and operational expansion. The company has successfully changed its name and ticker symbol, enhancing its brand identity. Plans include a new product line targeting Tier 2 and Tier 3 cities in China and expanding B2B partnerships. The company has doubled its office space in Tianjin and is moving to a larger space in Dalian. Additionally, QOEG aims to become fully SEC reporting and prepare for an up-listing to the OTCQB. The company has received multiple awards in 2021, indicating growth potential.
Positive
- Successful rebranding with a new name and ticker symbol enhancing corporate identity.
- Introduction of a new product line for Tier 2 and Tier 3 cities in China planned for June.
- Expansion of office space in Tianjin and upcoming move to a tripled office in Dalian.
- Completion of filings for a Reg D private placement and plans for a Reg A+ offering.
- Recognition through multiple awards received in 2021, boosting market reputation.
Negative
- None.
News Market Reaction – QOEG
On the day this news was published, QOEG declined 10.19%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Discusses Capital Management, Operational Expansion Plans, Recaps Awards Received in 2021
TORONTO, ON / ACCESSWIRE / June 3, 2021 / Quality Online Education Group Inc. (OTC PINK:QOEG), (the "Company"), a leading-edge online education provider in the Asia Pacific region, recently updated its corporate strategy, including its near-term capital management and operational expansion plans, and recapping the awards that the Company has received to date in 2021.
The foremost achievement is the Company's successful corporate name and ticker symbol change to Quality Online Education Group Inc., (QOEG), on May 14, 2021.
"This has been a watershed moment for us to celebrate as a company, as a brand, and as a corporate entity," said Edward Wu, Chief Executive Officer of QOEG. "To officially unveil our identity as Quality Online Education Group Inc. speaks to our executive team's vision and commitment to be an e-Learning industry pioneer, providing the best online English education to students in China and around the world. Our team has worked diligently and tirelessly towards this momentous change, and we couldn't be prouder to reach this milestone."
Quality Online Education Group is working to position itself as a pioneering leader in the growing, yet relatively untapped, education sector in Tier 2 and Tier 3 cities in China. In June, the product development team will be introducing a new product line dedicated for these sectors, in coordination with a major product re-branding initiative by the marketing team.
The Company is also continuing to drive its B2B business through partnerships with after-school tutoring centers, public schools, book clubs, and other online education companies, similar to its announcement with 91laoshi.com in April.
To support its expected growth, the Company doubled its office space in Tianjin, China earlier this year and is planning to move into a new workspace in Dalian, China, which is triple the size of the current office, in several weeks. The Company's academic operations center is expanding to multiple cities in the Philippines as well.
In addition, QOEG worked hard to complete the clean-up and necessary filings to file for a Reg D private placement in March, which is currently in progress. Subsequently, the Company is then planning to file a Reg A+ offering in the early summer. Pending approval from the SEC, the Company expects to become fully SEC reporting and which will allow them to then begin to prepare for up-listing to the OTCQB trading tier.
The Company received several awards in the first half of 2021. In January, Quality Online Education Group was named one of "30 Most Reputable Companies of the Year 2021" by the Silicon Review, followed by "Most Outstanding Online E-Learning Platform 2021" from Corporate Vision, and most recently, CIO Coverage Magazine's "10 Best Innovative Companies to Watch in 2021".
"We sincerely and humbly thank the publications for the recognition and accolades. We're excited about QOEG's corporate strategy, which we believe will result in further exponential growth," concluded Mr. Wu, Chief Executive Officer.
About Quality Online Education Group, Inc.
Quality Online Education Group, Inc. ("QOEG"), which is based in Canada and is a leading e-Learning company that provides comprehensive online English lessons to students in China and will be expanding to other markets where English education is sought after. The Company is a pioneer and industry leader in providing real-time online small group classes. Our students achieve noticeable and quantifiable results, by our delivery of quality education from our passionate team of teachers and teaching assistants, based in North America and the Philippines. With our AI system, we have combined Education and Entertainment ("Edu-tainment") as part of our teaching strategy. It is our mission to develop confidence in our students so they can reach their goals through an enjoyable yet efficient learning experience! For more information, please visit: www.qualityonline.education
Safe Harbor Statement
Safe Harbor Statement Information in this press release may contain ‘forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the ‘Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to the ability to close transactions being contemplated, risks related to sales, acceptance of Quality Online Education Group Inc.'s products, increased levels of competition, changes, dependence on intellectual property rights and other risks detailed from time to time in Quality Online Education Group Inc., periodic reports filed with the regulatory authorities.
CONTACT:
Quality Online Education Group Inc.
Edward Wu, CEO
Contactus@qoeg.ca
Investor Relations
PCG Advisory, Inc.
Kirin Smith, President
646.823.8656
Ksmith@pcgadvisory.com
SOURCE: Quality Online Education Group Inc.
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