|By Marketwired .||
|October 19, 2016 12:25 AM EDT|
TORONTO, ON--(Marketwired - October 19, 2016) - Lingo Media Corporation (TSX VENTURE: LM) (OTCQB: LMDCF) ("Lingo Media" or the "Company"), an EdTech company that is 'Changing the way the world learns English' through innovative online and print-based technologies and solutions is pleased to announce its wholly-owned subsidiary ELL Technologies Ltd. ("ELL Technologies") has secured a contract with Peru's Ministry of Education ("MOE"). This contract is another sales and distribution milestone for the Company as it adds to its portfolio of ministerial clients in Latin America. The implementation will be carried out nationwide through Euroidiomas, a leading language center headquartered in Lima, Peru. Euroidiomas has adopted ELL Technologies' English for Success platform as part of its comprehensive online learning solution for a 12-month teacher development program. Overall, 2,000 English teachers from Peru's 24 states will be using the learning platform starting in October 2016.
Gali Bar Ziv, COO of Lingo Media stated: "This contract is another strong endorsement of our digital learning platform and comprehensive content solutions. The Peruvian Ministry of Education invests heavily in the training of its teachers and students and we are confident that our commitment to learning outcomes will ensure very positive results for this teacher training program. We will work hard to ensure the successful delivery of our products and services to all parties involved and use this project as another building block in our quest to expand our market share in Peru."
Leonardo Mercado, Academic Director of Euroidiomas commented, "With ELL Technologies' English For Success unique format and vast amount of content, it is the ideal English language learning product and platform to serve as the cornerstone for this intensive study program and for other projects."
About Lingo Media (TSX VENTURE: LM) (OTCQB: LMDCF)
Lingo Media is a global EdTech company that is 'Changing the way the world learns English', developing and marketing products for learners of English through various life stages, from classroom to boardroom. By integrating education and technology, the company empowers English language educators to easily transition from traditional teaching methods to digital learning.
Lingo Media provides both online and print-based solutions through two distinct business units: ELL Technologies and Lingo Learning. ELL Technologies provides online training and assessment for English language learning, while Lingo Learning is a print-based publisher of English language learning programs in China.
Lingo Media has formed successful relationships with key government and industry organizations internationally, with a particularly strong presence in Latin America and China, and continues to both extend its global reach and expand its product offerings.
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Portions of this press release may include "forward-looking statements" within the meaning of securities laws. These statements are made in reliance upon Sections 21E and 27A of the Securities Exchange Act of 1934, which involve known and unknown risks, uncertainties or other factors that could cause actual results to differ materially from the results, performance, or expectations implied by these forward-looking statements. These statements are based on management's current expectations and involve certain risks and uncertainties. Actual results may vary materially from management's expectations and projections and thus readers should not place undue reliance on forward-looking statements. Lingo Media has tried to identify these forward-looking statements by using words such as "may," "should," "expect," "hope," "anticipate," "believe," "intend," "plan," "estimate" and similar expressions. Lingo Media's expectations, among other things, are dependent upon general economic conditions, the continued and growth in demand for its products, retention of its key management and operating personnel, its need for and availability of additional capital as well as other uncontrollable or unknown factors. No assurance can be given that the actual results will be consistent with the forward-looking statements. Except as otherwise required by US Federal securities laws, Lingo Media undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changed circumstances or any other reason. Certain factors that can affect the Company's ability to achieve projected results are described in the Company's filings with the Canadian and United States securities regulators available on www.sedar.com or www.sec.gov/edgar.shtml.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
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