TORONTO, May 03, 2018 (GLOBE NEWSWIRE) -- Lingo Media Corporation (TSX-V:LM) (OTC:LMDCF) (FSE:LIMA) (“Lingo Media” or the “Company”) a global provider of digital English Language Learning solutions is pleased to announce that its wholly-owned subsidiary, ELL Technologies Ltd., (“ELL”), has secured a sales contract with the municipality of Floridablanca in Colombia. Under the contract, which was secured through the distribution partnership with E-Training SAS, Floridablanca Municipality is purchasing ELL’s Campus English language learning program.
Floridablanca is a municipality in the metropolitan area of Bucaramanga in Colombia with 16 schools and more than 30,000 students. ELL’s Campus is a program designed for young adults from junior middle school through to undergraduates (ages 13 to 22 years) and extends to adult learners as well.
“This is our second municipal government contract in Colombia,” said Gali Bar-Ziv, COO of Lingo Media. “Colombia is seeking to systematically improve its citizens’ English language skills, which provides us with a continued opportunity to capture market share and drive future growth. This deal is a reflection of our growing market penetration in Colombia and Latin America in general.”
About Lingo Media
Lingo Media is a global provider of best-in-class digital and print-based English language learning solutions that are ‘Changing the way the world learns English’.
Developed for learners of English at every level, Lingo Media’s ELL Technologies products combine a vast content library with proprietary technology. ELL Technologies’ intuitive dashboards enable students to track and manage their progress, and allow teachers to organize and interact with students, providing ongoing support. Lingo Media’s Lingo Learning division is a print-based publisher of English language learning programs in China.
Lingo Media’s product and program are marketed through established sales channels to key education, government and business organizations in Latin America and China and continues to extend its global reach and expand its product offerings.
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For further information, contact:
Lingo Media
Michael Kraft, President & CEO
Tel: (+1) 416-927-7000 Ext. 23
Toll Free: 1-866-927-7011
Email: mkraft@lingomedia.com
To learn more, visit us at www.lingomedia.com
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.
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