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

Lingo Media Corporation

March 24, 2010 08:00 ET

Lingo Media Appoints Michael O'Connor to Its Board of Directors

TORONTO, ONTARIO--(Marketwire - March 24, 2010) - Lingo Media Corporation (TSX VENTURE:LM)(OTCBB:LMDCF) ("Lingo Media"), a leader in online and print-based English language learning solutions, is pleased to announce the appointment of Michael O'Connor to its Board of Directors.

"We are pleased to have Michael O'Connor join our board and welcome him to our team," said Michael Kraft, President & CEO of Lingo Media. "With a strong background in finance and mergers and acquisitions, Michael is a tremendous resource on which the Lingo Media management team can rely on."

Michael O'Connor possesses over twenty years of experience in economics, finance and mergers and acquisitions in telecommunications and transportation. He began his career at the Economic Council of Canada/School of Policy Studies Queens University conducting studies of Government's Impact on Competitiveness in these two sectors. Mr. O'Connor went on to be the founder of the Center for Economic and Financial Analysis, a division of the Science Applications International Corporation (SAIC), based in San Diego California and Virginia, SAIC is one of the largest consultancy companies in the U.S. with over 45,000 employees.

Mr. O'Connor built a private sector practice focusing on Mergers and Acquisitions in telecommunications and transportation as well as designing and implementing sophisticated financial planning tools in support of major equity and debt raises in the U.S. and internationally. After briefly working as a consultant with Orascom Telecom Holding S.A.E. in 1998, Mr. O'Connor joined the management team as one of the founding members of the Executive Committee. Since the beginning of this endeavour, Mr. O'Connor has led all business development efforts and M&A activities on behalf of Orascom Telecom. This has also included all Greenfield mobile license acquisitions. The total value of these transactions has been well in excess of US $30 billion. Weather Investments S.p.A., the parent company of Orascom Telecom, now boasts more than 110 million subscribers. This growth began with an acquisition in Egypt of only 250,000 mobile subscribers. In 2008 as Orascom Telecom's representative in Canada, Mr. O'Connor led the efforts in the auction for nationwide AWS spectrum. These efforts culminated in the largest and most expansive award of spectrum across Canada following payment of $442 million. The operation launched in late 2009 across two major urban centers in Canada.

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. Lingo Learning Inc., a print-based publisher of ELL programs in China. Speak2Me (www.speak2me.com/advertising), an online ELL community. Parlo, a fee-based language training platform (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 300 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. 

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.

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