Lingo Media Corporation
TSX VENTURE : LM
OTC Bulletin Board : LMDCF

Lingo Media Corporation

September 15, 2009 07:00 ET

Lingo Media Acquires Parlo.com

TORONTO, ONTARIO--(Marketwire - Sept. 15, 2009) - Lingo Media Corporation (TSX VENTURE:LM)(OTCBB:LMDCF) ("Lingo Media" or the "Company") a leader in online and print-based English language learning solutions is pleased to announce the strategic acquisition of Parlo.com's ("Parlo") assets.

The Company plans to relaunch Parlo.com as the platform for its new, fee-based, English training and assessment business in China and then globally target corporations, governments and educational and training institutions.

Founded in 2000, Parlo is an integrated language and cultural immersion portal that provides subscribers with online language courses in English, Spanish and Italian. Parlo also offers experiential features, including music, literature and native-speaker interaction for a personalized, multi-dimensional cultural learning experience.

This fee-based training solution will provide interactive lessons with a virtual teacher as well as online assessments and comprehensive reporting management system to gauge employee and student skill levels and progress.

"This is an important new milestone for the Company," said Michael Kraft, CEO of Lingo Media. "The acquisition of Parlo will provide us with a springboard for leveraging the knowledge that we have acquired in the English language learning market into our new subscription-based platform in China and beyond."

Lingo Media will continue to expand its free-to-consumer English language learning online service and its unique Conversational Advertising™ platform through its Speak2Me Inc. subsidiary available at www.speak2me.cn.

About Lingo Media (TSX VENTURE:LM)(OTCBB:LMDCF)

Lingo Media Corporation (www.lingomedia.com) is a diversified online and print-based education products and services corporation focused on English language learning ("ELL") on an international scale through its Lingo Learning Inc. subsidiary, a print-based publisher of ELL programs in China, Speak2Me (www.speak2me.com/advertising), an online ELL community, and Parlo, which today is an integrated language and cultural immersion portal (www.parlo.com). Lingo Media has formed successful relationships with key government and industry organizations, establishing a strong presence in China's education market of 250 million students. The Company continues to broaden its presence in China as well as other major English language learning markets, to provide access to world-class English learning solutions on a global scale.

To learn more, visit www.lingomedia.com.

Portions of this press release may include "forward-looking statements" within the meaning of securities laws. Forward-looking statements contained in this press release are made pursuant to the safe harbour provisions of the Private Securities Litigation Reform Act of 1995. 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. 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 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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