EpicQuest Education's Davis College Receives HLC Approval For Two New STEM Programs Expected To Lead To A Substantial Revenue Increase From India And China
Portfolio Pulse from Benzinga Newsdesk
EpicQuest Education Group International Limited (NASDAQ: EEIQ) announced that Davis University received HLC approval for two new STEM programs, expected to significantly increase revenue from students in India and China. The company plans to double the number of students from China and sees India as a significant revenue source, especially with the US being a top choice for Indian students. The recent opening of a recruiting office in Sri Lanka aims to attract students from Southeast Asia and the Middle East. Previously, HLC approved Davis University's online programs, indicating no further approvals are needed for online education.
February 27, 2024 | 1:49 pm
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EpicQuest Education's approval for new STEM programs is expected to significantly increase revenue, especially from India and China, with strategic recruitment and online program approvals.
The approval of new STEM programs by the HLC is a significant development for EEIQ, likely to attract a larger number of international students, particularly from India and China. This is expected to lead to a substantial increase in revenue from tuition and service fees. The strategic opening of a recruiting office in Sri Lanka to target students from Southeast Asia and the Middle East further supports this positive outlook. Additionally, the previous approval of Davis University's online programs by the HLC indicates a solid foundation for the company's educational offerings, potentially increasing its attractiveness to international students.
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