EpicQuest Education Announces Bold Strategy as it Hosts the World Cup Argentina Soccer Team Led by Lionel Messi for a Major Revenue Boost
MIDDLETOWN, Ohio, Feb. 1, 2024 /PRNewswire/ -- EpicQuest Education Group International Limited (NASDAQ: EEIQ), ("EpicQuest Education", "EpicQuest", "EEIQ" or the "Company"), a provider of higher education for domestic and international students in the US, Canada and the UK, today announced a corporate strategy update as a result of it having recently established two subsidiaries that operate in the sports-related entertainment and the sports, kinesiology and fitness academics fields.
- "We believe that the sports-related entertainment sector holds vast potential for EpicQuest to participate in on a global scale.
- Our new 40%-owned sports-related entertainment subsidiary was formed to organize sports entertainment projects which adds an entirely new and exciting dimension to the Company," said Zhenyu Wu, Chief Financial Officer of EpicQuest Education.
- "We expect that our previously announced soccer exhibition matches in China with the World Cup Argentina Men's Soccer Team will generate substantial revenue for the Company while creating synergies with the new sports, kinesiology and fitness programming that will be offered by Davis University.
- These new entities represent a new strategic direction for the Company which it expects to further diversify its revenue stream and lead to higher corporate growth.