Elite Education Group International Limited (EEIQ) announced a non‑exclusive agency agreement with Veritas Global Uni (Pvt) Ltd. to serve as the recruitment agent for Davis University’s online Master of Science in Management and Graduate Foundational Program. The partnership targets prospective students in China, Hong Kong, Singapore, the Middle East, and Southeast Asia, with Sri Lanka excluded from the scope.
EEIQ holds a 70% stake in Davis University, and the new agreement expands the company’s reach into high‑growth markets that have historically been under‑served by its existing recruitment channels. By partnering with Veritas, EEIQ gains a local partner capable of navigating regional regulatory requirements and cultural nuances, potentially accelerating enrollment and revenue generation for the two programs. The deal represents a new revenue stream and aligns with EEIQ’s strategy to diversify student recruitment beyond traditional Chinese and Indian markets.
EEIQ has faced financial challenges, reporting a net loss and operating loss for fiscal 2025, with a negative return on equity of –57.33%. Revenue is heavily concentrated in Davis University, and a 1‑for‑16 reverse stock split effective February 17 2026 reduced the company’s outstanding shares. The partnership therefore represents a material development for EEIQ’s international expansion efforts.
Veritas Global Uni (Pvt) Ltd. is a recruitment and manpower solutions provider that primarily connects UAE businesses with talent from India, Nepal, and Ghana. While its specific experience in international student recruitment is limited, the firm is positioned to navigate regional regulatory requirements and cultural nuances, making it a suitable partner for EEIQ’s expansion into the targeted markets.
The agreement is non‑exclusive and is expected to accelerate enrollment and revenue generation for Davis University’s online programs. It signals EEIQ’s commitment to tapping high‑growth markets and diversifying its student base, thereby strengthening its competitive position in the global higher‑education recruitment landscape.
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