TORONTO, ON--(Marketwired - August 11, 2016) - Lingo Media Corporation (TSX VENTURE: LM) (OTCQB: LMDCF) ("Lingo Media" or the "Company"),an EdTech company that is 'Changing the way the world learns English' through innovative online and print-based technologies and solutions, is pleased to announce that its wholly-owned subsidiary, ELL Technologies Ltd. ("ELL Technologies"), has secured a sales contract with Universidad de San Martín de Porres.
Telefónica Educación Digital S.L.U. ("Telefónica"), a distribution partner of ELL Technologies, has signed an agreement with the Universidad de San Martín de Porres, an institution with over 20,000 students and having its two main campuses in Lima and Chiclayo, Peru. The University will use ELL Technologies' Scholar English learning and training solution.
"Our partnership with Telefónica is progressing as anticipated and we are pleased to add the Universidad de San Martín de Porres to our growing list of university clients. Telefónica is making great strides in Peru and we are excited with the prospects of adding additional educational institutes throughout the country," said Gali Bar-Ziv, COO of Lingo Media.
About Lingo Media (TSX-V: LM; OTCQB: LMDCF)
Lingo Media is a global EdTech company that is 'Changing the way the world learns English', developing and marketing products for learners of English through various life stages, from classroom to boardroom. By integrating education and technology, the company empowers English language educators to easily transition from traditional teaching methods to digital learning
Lingo Media provides both online and print-based solutions through two distinct business units: ELL Technologies and Lingo Learning. ELL Technologies provides online training and assessment for English language learning, while Lingo Learning is a print-based publisher of English language learning programs in China.
Lingo Media has formed successful relationships with key government and industry organizations internationally, with a particularly strong presence in Latin America and China, and continues to both extend its global reach and expand its product offerings.
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Portions of this press release may include "forward-looking statements" within the meaning of securities laws.These statements are made in reliance upon Sections 21E and 27A of the Securities Exchange Act of 1934, which involve known and unknown risks, uncertainties or other factors that could cause actual results to differ materially from the results, performance, or expectations implied by these forward-looking statements. 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. Lingo Media has tried to identify these forward-looking statements by using words such as "may," "should," "expect," "hope," "anticipate," "believe," "intend," "plan," "estimate" and similar expressions. Lingo Media's expectations, among other things, are dependent upon general economic conditions, the continued and growth in demand for its products, retention of its key management and operating personnel, its need for and availability of additional capital as well as other uncontrollable or unknown factors. No assurance can be given that the actualresults will be consistent with the forward-looking statements. Except as otherwise required by US Federal securities laws, Lingo Media undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changed circumstances or any other reason. 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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