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

Lingo Media Corporation

April 24, 2008 09:20 ET

Lingo Media Appoints Industry Veteran Anthony Lacavera as Director

Tech Pioneer to Chair Online Language Learning Portal Subsidiary Speak2Me Inc.

TORONTO, ONTARIO--(Marketwire - April 24, 2008) - Lingo Media Corporation (TSX VENTURE:LM)(OTCBB:LMDCF) ("Lingo Media") a leader in the development of proprietary print-based and online language learning products is pleased to announce the appointment of industry veteran Mr. Anthony Lacavera as a Director of the Company and Chairman of Lingo Media's wholly-owned subsidiary, Speak2Me Inc., which designs and markets a state-of-the-art online English language learning portal.

In 1998, Mr. Lacavera co-founded Globalive Communications Corp., becoming President and Chief Executive Officer in 1999.

"Tony is a well-respected pioneer and a true visionary in the web-based technologies, software and telecom sectors," said Michael Kraft, CEO of Lingo Media. "His wealth of knowledge and expertise will be instrumental in the commercialization of our interactive Speak2Me platform and in the execution of our aggressive business plans. His responsibilities will include strategic planning for Speak2Me and to help maximize revenue growth throughout all of our product and marketing initiatives."

Under Mr. Lacavera's leadership, Globalive has successfully launched more than 18 products in over 30 countries and earned several prestigious recognitions including being ranked the fastest-growing company in Canada in the 16th annual rankings of Profit Magazine.

"This is an exciting time for Lingo Media and Speak2Me," said Mr. Lacavera. "I am thrilled to be part of the global commercialization of Speak2Me's unique platform. The recent online launch in China, already one of the fastest growing online communities, targets that country's tremendous growth and revenue potential. Plans are in place to access other global growth markets."

Mr. Lacavera also serves as co-founder and Chairman of several of Globalive's present and past portfolio companies, including Enunciate Conferencing, OneConnect Services, Cohere Conferencing, Cellwand Communications, and most recently as the initial director and principal executive officer of Yak Communications (NASDAQ:YAKC) acquired by Globalive in November 2006. In 2006, Lacavera was named to the celebrated Top 40 Under 40 list. Mr. Lacavera received a B.A.Sc. (Honours) in Computer Engineering from the University of Toronto in 1997.

Globalive was also named one of Canada's 50 Best Managed Companies for three consecutive years, being ranked in the Deloitte Technology Fast 50, and winning a place in Canadian Business Magazine's Top 30 Workplaces in Canada.

About Speak2Me

Speak2Me Inc. offers a groundbreaking online service designed to address the rapidly growing need for conversational English learning around the world. Using robust speech recognition technology, Speak2Me provides more than 300-targeted language lesson modules involving interactive conversations with a virtual teacher. A unique social-network infrastructure also allows students to form study groups, creating an environment that, along with contests and prizes, engenders co-operation and competition, just as in a conventional classroom. Recently launched in China - the largest market in the world for English Language Learning (ELL) - Speak2Me is a free, advertising-based portal and is available at www.speak2me.cn.

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

Lingo Media Corporation is a diversified print and online education product and services corporation.

Lingo Media's Speak2Me Inc. subsidiary is a new media company that focuses on interactive advertising in China via its Internet-based English Language Learning portal.

In China, Lingo Media continues to expand its legacy business via its subsidiary Lingo Media Learning Inc. ("Lingo Learning"), a print-based publisher of English Language Learning programs in China since 2001. Lingo Learning has an established presence in China's education market of 200 million students. To date, it has published 197 million units from its library of more than 300 program titles in China.

In Canada, Lingo Media focuses on early childhood cognitive development, through its subsidiary A+ Child Development Ltd. ("A+"), which distributes educational materials along with its unique curriculum. A+ has been operating in Canada for over ten years through its four offices in Calgary, Edmonton, Toronto and Vancouver. Lingo Media plans to introduce A+'s learning system and products to parents of pre-school children in China.

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.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE.

Contact Information