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Lingo Media Corp set to launch English language app in Q2

Lingo Media Corporation, the tech company focused on education, has revealed plans to launch ELL Studio - a mobile app - in the second quarter of 2016.
Lingo Media Corp set to launch English language app in Q2
Subsidiary ELL Technologies has completed development of the app, which aids speech recognition and pronunciation.

Lingo Media Corporation (CVE:LM; OTC:LMDCF), the tech company focused on education, has revealed plans to launch ELL Studio -  a mobile app -  in the second quarter of 2016.

Subsidiary ELL Technologies has completed development of the app, which aids speech recognition and pronunciation

Lingo's chief operating officer Gali Bar-Ziv said: "In line with the company's commitment to Bring Your Own Device (BYOD) and to provide further accessibility to its customers around the world, we are pleased to release our first mobile app enabling our learners to practice their spoken English skills anywhere, anytime in the palm of their hand.

"With its personalised analysis of a learners' pronunciation, this innovative app takes speech recognition to the next level."

The app is free for current subscribers of ELL Technologies' courses and is available as a download on Android and iOS devices.

Lingo Media provides online and print-based solutions through its two distinct business units  ELL Technologies, which provides English language training online and Lingo Learning, a print-based publisher of English language learning programs in China.

Earlier this month QIS Capital said the group was on track to deliver a record year of 2015 results in April, saying it  was likely to report record sales for full year 2015 - and to better that in 2016.

"Lingo Media is on pace to record sales in the range of C$5mln with a corresponding net profit in the range of C$0.10 per share for the year. The company’s shares are trading at just 7 times this estimate despite a record year of growth. Management is confident that Lingo Media can deliver another record year in 2016," the note said.

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