subslover
10 months ago
The company changed BOD and IMO could be a new pump soon based upon this.
Visionary Education Technology Holdings Group Inc. Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency
TORONTO, ON, June 15, 2023 /PRNewswire/ -- Visionary Education Technology Holdings Group Inc. (the "Company") (NASDAQ: VEDU), a private education provider headquartered in Canada, with market partners in China, today announced that the Company has received a written notification (the "Notification Letter") from the Nasdaq Stock Market LLC ("Nasdaq") on June 14, 2023, notifying the Company that it is not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rules for continued listing on the Nasdaq.
Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of US$1.00 per share, and Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement shall be determined to exist if the deficiency continues for a period of 30 consecutive business days. Based on the closing bid price of the Company's common shares for the 30 consecutive business days from May 1, 2023 to June 13, 2023, the Company no longer meets the minimum bid price requirement.
The Notification Letter is only a notification of deficiency, not of imminent delisting, and has no current effect on the listing or trading of the Company's securities on the Nasdaq Capital Market. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided 180 calendar days, or until December 11, 2023, to regain compliance with Nasdaq Listing Rule 5550(a)(2). To regain compliance, the Company's common shares must have a closing bid price of at least US$1.00 for a minimum of 10 consecutive business days. In the event the Company does not regain compliance by December 11, 2023, the Company may be eligible for additional time to regain compliance or may face delisting.
The Company's business operations are not affected by the receipt of the Notification Letter. The Company intends to monitor the closing bid price of its common shares and may, if appropriate, consider implementing available options, including, but not limited to, implementing a reverse share split of its outstanding common shares, to regain compliance with the minimum bid price requirement under the Nasdaq Listing Rules.
About Visionary Education Technology Holdings Group Inc.
jedijazz
1 year ago
NEWS: Visionary Education Technology Holdings Group Inc. Build Canada’s Top Virtual Production Education and Training Brand
Visionary Education Technology Holdings Group Inc.
Fri, March 17, 2023 at 8:00 AM EDT
Visionary Education Technology Holdings Group Inc.
Toronto, Canada, March 17, 2023 (GLOBE NEWSWIRE) -- Visionary Education Technology Holdings Group Inc. (the “Company”) (NASDAQ: VEDU), an education provider headquartered in Toronto, Canada, with marketing partners in China, today announced that the Company will cooperate with the John Hughes Institute to build a “Virtual Production and Education Training Center” in Toronto, creating Canada’s top virtual production and education brand.
The virtual production industry has become a global sensation, and the demand in specialized talent in this field has increased significantly. As a result, schools and training institutions that offer virtual production education and talent development programs have grown increasingly popular.
To meet the growing demand in visual production talents in Canada and North America, ensure the quality of education and the fulfillment of employment opportunities, as well as provide students with exceptional practical experiences in this field, the Company is joining forces with the John Hughes Institute, founded by Hollywood’s visual effects master and Oscar-winning filmmaker John Hughes, to build the “Virtual Production and Education Training Center” in the Visionary Education Group Building Complex ( 95 Moatfield drive, Toronto, Ontario). The center will employ highly talented and professional faculty members, employ state of the art technologies and equipment, and utilize our modern facilities to create Canada’s top virtual production education and training brand. This will serve to train more virtual production professionals in North America, providing professional services and conducting multi-faceted cooperation for students and industry corporations to meet the rapidly growing market demand. The center is scheduled to be put in use in July 2023, with a daily traffic capacity of up to 2000 students. VEDU plans to train thousands of students annually.
With this initiative, the Company is on track to launch its vocational education programs for film and media production, strategically integrating an eco-system of teaching, training practice and direct connection with the Hollywood production industry, promoting the development of North America and Canada’s film and animation industry, and supporting the continued growth of the local economy.
About Visionary Education Technology Holdings Group Inc.
Visionary Education Technology Holdings Group Inc., headquartered in Toronto, ON, Canada, is a private education provider that offers high-quality education and industrial resources to students around the world. The Company aims to provide access to secondary, college, undergraduate and graduate and vocational education to students in Canada. Through technological innovations, that fulfill industrial standards, more people can learn, grow and succeed, to release their full career potential. As a fully integrated provider of educational programs and services in Canada, the Company has been serving, and will continue to serve, both Canadian and international students and contribute to the industry. For more information, visit the Company’s website at https://ir.visiongroupca.com/.
Safe Harbor Statement
Certain statements made in this release are “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions ) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: the ability to manage growth; ability to identify and integrate other future acquisitions; ability to obtain additional financing in the future to fund capital expenditures; fluctuations in general economic and business conditions; costs or other factors adversely affecting our profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic; and other factors listed in the Company’s Annual Report on Form 20-F for the year ending March 31, 2022 and in other filings made by the Company with the Securities and Exchange Commission from time to time. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Such information speaks only as of the date of this release.
For more information, please contact:
Visionary Education Technology Holdings Group Inc.
Investor Relations Department
Email: ir@farvision.ca
Ascent Investors Relations LLC
Tina Xiao
President
Phone: +1 917-609-0333
Email: tina.xiao@ascent-ir.com
jedijazz
1 year ago
$VEDU (NASDAQ: VEDU)-Toronto, Canada, March 13, 2023 (GLOBE NEWSWIRE) -- Visionary Education Technology Holdings Group Inc. (the "Company") (NASDAQ: VEDU), an education provider headquartered in Toronto, Canada, with marketing partners in China, today announced that the Company has signed a formal agreement with Asian Olympic Foundation and Beijing Association for the Promotion of Olympics Related Culture, to jointly establish the Olympic University of Canada.
In order to elevate a global view of the Olympic Culture, help Canada’s development of national education, and train sport talents, champions and management team members for the Olympic Games, the Company is dedicated to promoting the Olympic spirit and the game. This Agreement is specific to building an Olympic University, the world's second of its kind, in Toronto, Canada and 5 Olympic International Schools.
In future, the Olympic University will gather global champions and sport talent, develop a vibrant educational system that provides Olympic Games champions and retired athletes to be part of a new alumni. On campus, the Olympic University plans to build a World Championship Center, a Games’ Training Camp and an Olympic Cultural ecosystem. Thus, the combination of the three centers will create an education-research-production center. This plan has received strong support from the public.
The Olympic University and Olympic International High School program has been formally submitted to the International Olympic Committee (IOC). It is expected to receive approvals from the IOC, first for establishing the Olympic International High School, on April 2023, and followed with the approval of Olympic University on July 2023. The Company plans to establish the headquarter of the Olympic University on its property at 95 and 105 Moatfield Drive, Toronto, Ontario. The twin buildings and the campus are already under the Company’s ownership.
The Beijing Association for the Promotion of Olympics Related Culture is a member of the global family under the IOC. It was established in 2006, under the approval of the IOC and Beijing municipal government. Their mission is to carry forward the Olympic spirit, publicize the Olympic ideology, actively exchange and cooperate with other international organizations and national Olympic Committees and jointly develop the technology, education, equipment, facilities and talents, within a standardized ecosystem.
Asian Olympic Foundation is an organization registered in Hong Kong, China and supported by Olympic Council of Asia. The Foundation has set its main goal developing the Olympic culture, art, education, sports, science and technology, and promoting and elevating the international sports of the Olympic Games.
Ms. Fan Zhou, Chief Executive Officer of the Company, commented, “With the strong support of the public sector at large, the Company has been focusing on education, gathering outstanding educational talents from North America and the world, and developing an international educators eco system for Canada. We are actively expanding and exploring through various international cooperation with world’s top institutes and schools. We intend to converge global educational resources on a culture-diversified Canadian platform. The mission of the Company is the Pursuit of Excellence. Fully developed international education in Canada is to fulfill dreams of students around the world. The Company’s aim is for students to receive a better education.
It is our great honor to have the opportunity to cooperate with Asian Olympic Foundation and Beijing Association for the Promotion of Olympics Related Culture, to co-found and operate the Olympic University and Olympic International High School in Canada. This is a major strategic move and expansion of the Company. We are building up a world-class educational system, and contributing to a greater social and economic benefit. This will have major benefits to the community and the Company itself.
Olympic International High School plans to enroll the first class of students in September 2023; Olympic University Canada plans to enroll the first batch of students in March 2024.
Ms. Zhou believes Olympic University and Olympic International High School will not only promote the development of the Company, but also bring great support to the development to the sports industry. In future, through these sport international events , study tours, research, summer and winter camps, sport-related health industries will empower Canada’s education and international sport industry.
About Visionary Education Technology Holdings Group Inc.
Visionary Education Technology Holdings Group Inc., headquartered in Toronto, ON, Canada, is a private education provider that offers high-quality education and industrial resources to students around the world. The Company aims to provide access to secondary, college, undergraduate and graduate and vocational education to students in Canada. Through technological innovations, that fulfill industrial standards, more people can learn, grow and succeed, to release their full career potential. As a fully integrated provider of educational programs and services in Canada, the Company has been serving, and will continue to serve, both Canadian and international students and contribute to the industry. For more information, visit the Company’s website at https://ir.visiongroupca.com/.
Safe Harbor Statement
Certain statements made in this release are “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions ) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: the ability to manage growth; ability to consummate the agreement with the Asian Olympic Foundation and Beijing Association for the Promotion of Olympics Related Culture, ability to identify and integrate other future acquisitions; ability to obtain additional financing in the future to fund capital expenditures; fluctuations in general economic and business conditions; costs or other factors adversely affecting our profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic; and other factors listed in the Company’s Annual Report on Form 20-F for the year ending March 31, 2022 and in other filings made by the Company with the Securities and Exchange Commission from time to time. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Such information speaks only as of the date of this release.
For more information, please contact:
Visionary Education Technology Holdings Group Inc.
Investor Relations Department
Email: ir@farvision.ca
Ascent Investors Relations LLC
Tina Xiao
President
Phone: +1 917-609-0333
Email: tina.xiao@ascent-ir.com
budfoxfun
1 year ago
News Out! Visionary Education Technology Holdings Group Inc Building Olympic University in Canada
Visionary Education Technology Holdings Group Inc.
Mon, March 13, 2023 at 7:00 AM CDT
In this article:
Toronto, Canada, March 13, 2023 (GLOBE NEWSWIRE) -- Visionary Education Technology Holdings Group Inc. (the "Company") (NASDAQ: VEDU), an education provider headquartered in Toronto, Canada, with marketing partners in China, today announced that the Company has signed a formal agreement with Asian Olympic Foundation and Beijing Association for the Promotion of Olympics Related Culture, to jointly establish the Olympic University of Canada.
In order to elevate a global view of the Olympic Culture, help Canada’s development of national education, and train sport talents, champions and management team members for the Olympic Games, the Company is dedicated to promoting the Olympic spirit and the game. This Agreement is specific to building an Olympic University, the world's second of its kind, in Toronto, Canada and 5 Olympic International Schools.
In future, the Olympic University will gather global champions and sport talent, develop a vibrant educational system that provides Olympic Games champions and retired athletes to be part of a new alumni. On campus, the Olympic University plans to build a World Championship Center, a Games’ Training Camp and an Olympic Cultural ecosystem. Thus, the combination of the three centers will create an education-research-production center. This plan has received strong support from the public.
The Olympic University and Olympic International High School program has been formally submitted to the International Olympic Committee (IOC). It is expected to receive approvals from the IOC, first for establishing the Olympic International High School, on April 2023, and followed with the approval of Olympic University on July 2023. The Company plans to establish the headquarter of the Olympic University on its property at 95 and 105 Moatfield Drive, Toronto, Ontario. The twin buildings and the campus are already under the Company’s ownership.
The Beijing Association for the Promotion of Olympics Related Culture is a member of the global family under the IOC. It was established in 2006, under the approval of the IOC and Beijing municipal government. Their mission is to carry forward the Olympic spirit, publicize the Olympic ideology, actively exchange and cooperate with other international organizations and national Olympic Committees and jointly develop the technology, education, equipment, facilities and talents, within a standardized ecosystem.
Asian Olympic Foundation is an organization registered in Hong Kong, China and supported by Olympic Council of Asia. The Foundation has set its main goal developing the Olympic culture, art, education, sports, science and technology, and promoting and elevating the international sports of the Olympic Games.
Ms. Fan Zhou, Chief Executive Officer of the Company, commented, “With the strong support of the public sector at large, the Company has been focusing on education, gathering outstanding educational talents from North America and the world, and developing an international educators eco system for Canada. We are actively expanding and exploring through various international cooperation with world’s top institutes and schools. We intend to converge global educational resources on a culture-diversified Canadian platform. The mission of the Company is the Pursuit of Excellence. Fully developed international education in Canada is to fulfill dreams of students around the world. The Company’s aim is for students to receive a better education.
It is our great honor to have the opportunity to cooperate with Asian Olympic Foundation and Beijing Association for the Promotion of Olympics Related Culture, to co-found and operate the Olympic University and Olympic International High School in Canada. This is a major strategic move and expansion of the Company. We are building up a world-class educational system, and contributing to a greater social and economic benefit. This will have major benefits to the community and the Company itself.
Olympic International High School plans to enroll the first class of students in September 2023; Olympic University Canada plans to enroll the first batch of students in March 2024.
Ms. Zhou believes Olympic University and Olympic International High School will not only promote the development of the Company, but also bring great support to the development to the sports industry. In future, through these sport international events , study tours, research, summer and winter camps, sport-related health industries will empower Canada’s education and international sport industry.
About Visionary Education Technology Holdings Group Inc.
Visionary Education Technology Holdings Group Inc., headquartered in Toronto, ON, Canada, is a private education provider that offers high-quality education and industrial resources to students around the world. The Company aims to provide access to secondary, college, undergraduate and graduate and vocational education to students in Canada. Through technological innovations, that fulfill industrial standards, more people can learn, grow and succeed, to release their full career potential. As a fully integrated provider of educational programs and services in Canada, the Company has been serving, and will continue to serve, both Canadian and international students and contribute to the industry. For more information, visit the Company’s website at https://ir.visiongroupca.com/.
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