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

Lingo Media Corporation

February 02, 2010 16:23 ET

Lingo Media Retains Alliance Advisors, LLC

TORONTO, ONTARIO--(Marketwire - Feb. 2, 2010) - Lingo Media Corporation (TSX VENTURE:LM)(OTCBB:LMDCF) ("Lingo Media") a leader in online and print-based English language learning products in China is pleased to announce that is has retained Alliance Advisors, LLC ("Alliance Advisors") to conduct its investor relations and media awareness programs.

Alliance Advisors headquartered in New York, NY is a focused and dedicated organization that acts as a premier informational resource for institutional investors, hedge funds, buy and sell-side analysts, small to large brokerage firms and accredited investors. Alliance Advisors helps their client companies package their corporate information in a clear, concise and consistent manner while facilitating introductions to the right investors at the most opportune time.

Alliance Advisors will immediately initiate a proactive and targeted investor relations campaign. The Alliance Advisors team will be advising Lingo Media in all facets of public financial communications. The customized investor relations plan will include the proper positioning of the Company's corporate message, as well as building long-term investor relationships with key members of the professional investment community. Alliance Advisors will also provide Lingo Media with premier information resources to institutional investors, hedge funds, independent portfolio managers, buy-side and sell-side analysts, small to large retail brokerage firms, and accredited individual investors.

The consulting agreement between the Company and Alliance Advisors is effective from February 1, 2010 for a period of one year. Alliance Advisors will receive an average monthly payment of $7,000. In addition, Lingo Media has granted Alliance Advisors incentive stock options (the "Stock Options") to purchase 100,000 common shares of the Company at $1.75 per share. The Stock Options will vest in accordance with Lingo Media's stock option plan and expire on or before February 1, 2015.

Alliance Advisors currently has no direct or indirect interest in securities of Lingo Media, or any right or intent to acquire such an interest other than the exercise of the Stock Options.

Alliance Advisors' appointment as an investor relations consultant of Lingo Media and the granting of the Stock Options are subject to regulatory approval of the TSX Venture Exchange.

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 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.

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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