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

Lingo Media Corporation
Ambow Education Holding Ltd.
NYSE : AMBO

June 30, 2011 07:30 ET

Lingo Media Signs Contract With A Leading Provider of Educational and Career Enhancement Services in China, Ambow Education

TORONTO, CANADA and BEIJING, CHINA--(Marketwire - June 30, 2011) - Lingo Media Corporation (TSX VENTURE:LM)(OTCBB:LMDCF) ("Lingo Media") a leader in online and print-based English language learning solutions and Ambow Education Holding Ltd. (NYSE:AMBO) ("Ambow") a leading national provider of educational and career enhancement services in China, are pleased to announce the signing of a contract for the Q Scholar software program.

Under the terms of the agreement, Ambow will purchase site licenses for Q Scholar along with online placement tests, online assessments, printed textbooks, and online technical support.

The licenses will be purchased at a price range of $35.00 to $90.00 based on both the length and number of licenses purchased. Lingo Media will also provide on-site pedagogical training for Ambow's educators.

Michael Kraft, President & CEO of Lingo Media, said: "This is a strategic contract for our ELL Technologies division as it builds a footprint in the English language learning industry in China. We are excited to partner with Ambow, one of the leading and mostly recognized education companies in China. We are confident that Ambow's students and educators will find our Q Scholar product meets their educational needs and exceeds their expectations. We expect to sell a significant number of licenses through this long-term contract, which is another distribution milestone in the growth of our company as we pursue our mission of Changing the Way the World Learns English."

Jianguo Xue, Vice President, of Ambow, said: "We are delighted that this contract with Lingo Media, which has a long record of success in the rapidly growing English-language sector, will empower us to offer an exciting new tool to enhance the quality of our educational and career training services across China. ELL Technologies' Q Scholar software will enable us to offer more services that make our learning platform an even more powerful leader in the national quest to create better schools in China".

About Ambow Education Holding Ltd. (NYSE:AMBO)

Ambow Education Holding Ltd. (NYSE:AMBO) is a leading national provider of educational and career enhancement services in China, offering high-quality, individualized services and products. Ambow has two business divisions: "Better Schools," which includes K-12 schools and tutoring centers; and "Better Jobs," which includes colleges and career enhancement centers. With its extensive network of regional service hubs complemented by a dynamic proprietary learning platform and distributors, Ambow provides its services and products to students in 30 out of the 31 provinces and autonomous regions within China.

About ELL Technologies Limited

ELL Technologies Limited markets and sells its products under the Q Group brand. ELL Technologies specializes in the development, production, and marketing of innovative solutions for learners of English as a Foreign Language (EFL) and English as a Second Language (ESL). ELL Technologies' commitment to academic and technological excellence has led to many successful alliances with learning institutions, language schools, ministries of education, leading publishers and professional e-learning organizations across the globe. ELL Technologies is now a leading global developer of English language learning multimedia solutions for corporate, institutional, and retail markets.

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 company focused on English language learning ("ELL") on an international scale through its four distinct business units: ELL Technologies; Parlo; Speak2Me; and Lingo Learning. ELL Technologies is a globally-established ELL multi-media and online training company marketed under the Q Group brand (www.elltechnologies.com). Parlo is a fee-based online ELL training and assessment service (www.parlo.com). Speak2Me is a free-to-consumer advertising-based online ELL service in China (www.speak2me.cn). Lingo Learning is a print-based publisher of ELL programs in China. Lingo Media has formed successful relationships with key government and industry organizations, establishing a strong presence in China's education market of more than 300 million students. The Company continues to expand its ELL offerings in China and is extending its reach globally.

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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