EpicQuest Education Group International Limited EEIQ today announced that its recently established Ohio company, SouthGilmore LLC (“SouthGilmore”), has agreed with the Argentine Football Association (the “AFA”), for the Argentina Men’s National Soccer Team to play two exhibition matches in China.
As previously announced, EpicQuest Education established a wholly-owned subsidiary, Gilmore Inv LLC, that will offer international educational programs related to kinesiology and recreation education that both Davis University and EduGlobal College will offer.
SouthGilmore has been formed to organize sports entertainment projects and is 40% owned by Gilmore, with EpicQuest Education maintaining control of SouthGilmore’s Board of Managers and heading its management team.
Per the agreement between SouthGilmore and the AFA, the Argentina Men’s National Soccer Team has agreed to play two matches in China between March 18 – 26, 2024.
The deal also included scheduling press conferences and extensive promotional activities to publicize these matches.
“We believe that the soccer exhibition games with the Argentine Men’s National Team will lead to additional sports entertainment projects, a new and potentially dynamic revenue stream for the Company,” said Zhenyu Wu, CFO of EpicQuest Education.
“We anticipate that the exhibition matches will also serve as a firm foundation for our new education programs related to kinesiology and recreation education, where we see wide-ranging synergies. We believe that the new business segment will have a positive impact on the Company’s top-line results in future reporting periods. We look forward to seeing star soccer player Lionel Messi take the field in China!”
Price Action: EEIQ shares closed lower by 4.26% at $1.80 on Wednesday.
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