Proactiveinvestors USA & Canada Lingo Media Corporation https://www.proactiveinvestors.com Proactiveinvestors USA & Canada Lingo Media Corporation RSS feed en Mon, 22 Jul 2019 15:26:27 -0400 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Lingo Media Corp is on a mission to change the way the world learns English ]]> https://www.proactiveinvestors.com/companies/news/223429/lingo-media-corp-is-on-a-mission-to-change-the-way-the-world-learns-english-223429.html Lingo Media Corporation (CVE:LM) (OTCMKTS:LMDCF) is an education technology company with an ambitious mission to change the way the world learns English.

With over 1.6 billion people globally learning the language, English-as-a-second-language (ESL) products and services are an estimated US$56 billion industry, according to data from Ambient Insight. What’s more, digital ESL applications are booming in both market value and popularity, democratizing access to the world’s most popular language.

Against this backdrop, Lingo has developed a software-as-a-service learning platform with a complete suite of products that seamlessly blends education and technology by way of 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.

Lead product ELL Technologies offers materials and lessons for a consumer base of academic institutions, governments and corporations.

A major differentiating feature of the product is Lingo’s speech recognition technology that allows users to analyze pronunciation and simulate real-life conversation scenarios. Users can record and compare themselves with native speakers to match their pronunciation.

Lingo Learning is a print-based publisher of English language learning programs in China, where Lingo has a particularly strong presence.

Inflection points

The EdTech company’s business model is to establish blue-chip alliances with academic intuitions around the world.

A major multimillion-dollar contract is with Colombia’s National Training Service, SENA, where Lingo is developing a digital content library. The contract hit a number of major milestones for Lingo as a significant partnership with a leading government body in Latin America.

Nearby in Peru, the company has a distribution partnership with Telefonica Group, a dominant telecommunications firm in the region. It also has alliances with education publisher Gale Cengage and language assessment tool provider iTEP.

In September 2018, ELL Technologies secured a sales contract with FOCUS Your Mind Colombia to implement its new online English language learning program, one of several agreements in the country.

It also recently secured a new distribution partnership with JPH Consultoria Academica in Guatemala.

Lingo has also invested in a new Learning Management System (LMS) to include access to the full content library configured to individual client requirements through a chat functionality. It also completed development of a resource allocation functionality feature for the LMS for teachers.

Outlook

Lingo will continue to focus on developing innovative software and content geared towards the growing global demand for English language learning products. Its recent investment in a new Learning Management System is positioning ELL Technologies for growth in 2019. In the coming quarters, it will be focused on driving business growth through both existing and new customers.

Geographically, Lingo is looking to Latin America and Asia as major markets. The company plans to enter the regions via strategic distribution initiatives.

“We believe that our strategic assets, management team, and growing distribution channels will allow us to scale sales and growth to deliver value to shareholders,” Gali Bar-Ziv, CEO of Lingo Media said recently.

“The company is advancing strategic distribution initiatives for our suite of online training solutions and also pursuing M&A opportunities in the EdTech space.”

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

 

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Fri, 05 Jul 2019 08:58:00 -0400 https://www.proactiveinvestors.com/companies/news/223429/lingo-media-corp-is-on-a-mission-to-change-the-way-the-world-learns-english-223429.html
<![CDATA[News - Lingo Media 1Q revenue jumps on strong global demand for English language learning products ]]> https://www.proactiveinvestors.com/companies/news/221238/lingo-media-1q-revenue-jumps-on-strong-global-demand-for-english-language-learning-products-221238.html Lingo Media Corporation (CVE:LM) (OTCMKTS:LMDCF) posted financial results Thursday that showed a jump in revenue in the first quarter on strong global demand for English language learning products.

For the quarter ended March 2019, the Toronto-based education technology company posted a 39.3% jump in revenue to C$111,964, compared to C$80,355 in the same period a year ago.

The revenue boost came from marketing and sales of the new  Learning Management System (LMS) which includes access to the full content library configured to individual client requirements.

READ: Lingo Media's 2Q net profit soars on the back of new contracts, lowered costs

Significantly, Lingo added a chat functionality to the new Learning Management System. It also completed development of a resource allocation functionality feature for the LMS for teachers.

“The investment that we have been making in our new Learning Management System is positioning ELL Technologies for 2019 and beyond. As we look ahead to upcoming quarters, we are focused on driving the growth of our business through both existing and new customers,” said Lingo Media CEO Gali Bar-Ziv.

Focus on Latin America and Asia

Bar-Ziv said the English language learning company will continue to focus on Latin America and Asia through strategic distribution initiatives. He indicated that the company was also pursuing merger and acquisition opportunities in the growing EdTech sector.

The company is gaining traction in Asia, in particular, where more people are looking to take accredited language courses to work or study internationally.

During the quarter, the company inked a distribution pact with JPH Consultoria Academica in Guatemala.

Lingo also advanced the development of its teacher methodology course. 

The loss for the first quarter narrowed to C$314,522, compared to C$544,093 in the same period a year ago.

Bar-Ziv said the company would continue to focus on developing “innovative software and content” to meet the “growing global demand” for English language learning products from both corporate and educational customers.

Lingo Media provides both online and print-based solutions through its two 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.

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

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Thu, 30 May 2019 10:45:00 -0400 https://www.proactiveinvestors.com/companies/news/221238/lingo-media-1q-revenue-jumps-on-strong-global-demand-for-english-language-learning-products-221238.html
<![CDATA[News - Lingo Media announces distribution agreement with WARP Worldwide in China ]]> https://www.proactiveinvestors.com/companies/news/200230/lingo-media-announces-distribution-agreement-with-warp-worldwide-in-china-200230.html Lingo Media Corporation’s (CVE:LM) said on Thursday that its subsidiary, ELL Technologies Ltd., has signed a distribution agreement with education technology firm WARP Worldwide.

Under the deal, WARP will market, distribute and sell ELL Technologies’ English language learning products and programmes in China.

“We are excited to be working alongside our new distributor WARP as we continue expanding our footprint in Asia,” said Gali Bar-Ziv, chief operating officer of Lingo Media. 

“The market opportunity and demand for English language learning continues to grow in China and we are committed to increasing our sales coverage.”

READ: Lingo Media Corp hails new joint venture with iTEP International; to offer new product

Grace Arp, president of WARP, said the products will help the company make “world-class North American educational opportunities and services” more accessible to its members and partners in China. 

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Thu, 05 Jul 2018 10:28:00 -0400 https://www.proactiveinvestors.com/companies/news/200230/lingo-media-announces-distribution-agreement-with-warp-worldwide-in-china-200230.html
<![CDATA[News - Lingo Media seals another sales contract in Colombia ]]> https://www.proactiveinvestors.com/companies/news/198107/lingo-media-seals-another-sales-contract-in-colombia-198107.html English language learning solutions provider Lingo Media Corporation (CVE:LM) has furthered its presence in Colombia with another sales contract.

It comes just weeks after the group secured a deal with the municipality of Floridablancain the Latin American country. The firm has now secured three contracts in Colombia.

READ: Bravo! Lingo Media boosts language lineup with new online Spanish course

Under the contract, which was secured through the distribution partnership with E-Training SAS, the municipality is buying the Campus English language learning program produced by Lingo's wholly-owned subsidiary, ELL Technologies

Today's contract is with the Unidades Tecnológicas de Santander (UTS) in Colombia -  a higher education institution in the metropolitan area of Bucaramanga with six campuses and more than 20,000 students, Longo Media said.

ELL’s Campus is an online program designed for young adults from junior middle school through to undergraduates (ages 13 to 22 years) and extends to adult learners as well.

"Our deal with UTS is another sales contract that we’ve secured in Colombia in recent weeks through our distribution partnership with E-Training SAS,” said Gali Bar-Ziv, the chief operating officer of Lingo Media.

“We continue to focus on building our business and market presence in Colombia, in addition to Peru and Mexico as more and more higher education institutions and government agencies are interested in using our English language learning tools and programs.”

May was a busy month for the edtech company. It also expandedits footprint in Japan, with its subsidiary securing a sales contract with a leading university for one of its education programs - the third contract resulting from the group's partnership with Gale.

READ: Lingo Media expands footprint in Japan as it wins university contract

It also told investors it had strengthened its offering, with the addition of a comprehensive online Spanish course, consisting of eight levels, 72 units and 792 lessons.

With 594 hours of online learning and 80 hours of testing, it’s also compliant with the Common European Framework of Reference for Languages (CEFR or MCER in Spanish), recognized as one of the highest standards for second language learning in the world.

Shares in Toronto added over 5% to C$0.10.

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Fri, 01 Jun 2018 08:41:00 -0400 https://www.proactiveinvestors.com/companies/news/198107/lingo-media-seals-another-sales-contract-in-colombia-198107.html
<![CDATA[News - Bravo! Lingo Media boosts language lineup with new online Spanish course ]]> https://www.proactiveinvestors.com/companies/news/197220/bravo-lingo-media-boosts-language-lineup-with-new-online-spanish-course-197220.html English language learning solutions provider Lingo Media Corporation (CVE:LM) has strengthened its offering, with the addition of a comprehensive online Spanish course.

“Spanish is the second-most spoken native language in the world,” said Gali Bar-Ziv, chief operating officers of Lingo. “Adding an online Spanish course to our suite of product offerings marks a significant milestone.”

The Spanish course consists of eight levels, 72 units and 792 lessons. With 594 hours of online learning and 80 hours of testing, it’s also compliant with the Common European Framework of Reference for Languages (CEFR or MCER in Spanish), recognized as one of the highest standards for second language learning in the world.

READ: Lingo Media wins second municipal government contract in Colombia

Some interesting facts about Spanish: it’s frequently ranked as the most studied language in the US, the third-most used language on the internet. It ranks in the top three most studied languages in the world. In short, clearly there’s a market.

“This provides institutions with the flexibility to seamlessly localize the course into the native language of their choice for improved learner outcomes, while also allowing the Company to expand our sales pipeline in targeted territories by offering to existing and future clients,” said Bar-Ziv.

The course complements Lingo’s lineup of English, Portuguese, French and Mandarin courses, in addition to a library of lessons already offered by the company.

Lingo shares were flat at C$0.10 on Thursday afternoon.

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Thu, 17 May 2018 12:02:00 -0400 https://www.proactiveinvestors.com/companies/news/197220/bravo-lingo-media-boosts-language-lineup-with-new-online-spanish-course-197220.html
<![CDATA[News - Lingo Media expands footprint in Japan as it wins university contract ]]> https://www.proactiveinvestors.com/companies/news/196665/lingo-media-expands-footprint-in-japan-as-it-wins-university-contract-196665.html Shares in English language learning solutions provider Lingo Media Corporation (CVE:LM) soared Wednesday as it expanded its footprint in Japan, with its subsidiary securing a sales contract with a leading university for one of its education programs.

It is the third contract resulting from the group's partnership with Gale.

The latter has the rights to market, distribute and sell ELL's scholar program to the higher education library market under the Gale Lingo brand.

ELL Technologies will provide its Gale Lingo program to Seinan Gakuin University in Fukuoka, Japan.

With nine faculties, colleges and research institutes, and a population of about 8,500 students, Seinan Gakuin University is consistently ranked as one of the leading, privately financed universities in western Japan.

"This contract expands our footprint into Japan as we execute on our distribution partnership with Gale and our reach into Asia," said Gali Bar-Ziv, chief operating officer of Lingo Media.

"We are looking forward to working with Seinan Gakuin University as we implement Gale Lingo into the university library system."

Lingo shares in Toronto added 14.29% to stand at C$0.12.

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Wed, 09 May 2018 10:42:00 -0400 https://www.proactiveinvestors.com/companies/news/196665/lingo-media-expands-footprint-in-japan-as-it-wins-university-contract-196665.html
<![CDATA[News - Lingo Media wins second municipal government contract in Colombia ]]> https://www.proactiveinvestors.com/companies/news/196432/lingo-media-wins-second-municipal-government-contract-in-colombia-196432.html English language learning solutions provider Lingo Media Corporation (CVE:LM) has secured a sales contract with the municipality of Floridablanca in Colombia.

Under the contract, which was secured through the distribution partnership with E-Training SAS, Floridablanca Municipality is purchasing the Campus English language learning program produced by Lingo's wholly-owned subsidiary, ELL Technologies.

READ Lingo Media bags contracts with Chulalongkorn University and Thammasat University​

Floridablanca is a municipality in the metropolitan area of Bucaramanga in Colombia with 16 schools and more than 30,000 students.

“This is our second municipal government contract in Colombia,” said Gali Bar-Ziv, the chief operating officer of Lingo Media.

“Colombia is seeking to systematically improve its citizens’ English language skills, which provides us with a continued opportunity to capture market share and drive future growth. This deal is a reflection of our growing market penetration in Colombia and Latin America in general,” Bar-Ziv added.


 

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Thu, 03 May 2018 17:48:00 -0400 https://www.proactiveinvestors.com/companies/news/196432/lingo-media-wins-second-municipal-government-contract-in-colombia-196432.html
<![CDATA[News - Lingo Media bags contracts with Chulalongkorn University and Thammasat University ]]> https://www.proactiveinvestors.com/companies/news/195699/lingo-media-bags-contracts-with-chulalongkorn-university-and-thammasat-university-195699.html Learning products developer Lingo Media Corporation (CVE:LM) has secured sales contracts with two leading universities in Thailand.

The contracts were secured by Lingo's ELL Technologies subsidiary for its Gale Lingo program, through its distribution partnership with Gale, a part of Cengage Learning.

READ: Lingo Media completes first installation in alliance with HP​

The contracts are the first resulting from Lingo's partnership with Gale, which provides Gale the rights to market, distribute and sell ELL Technologies' scholar program to the higher education library market under the Gale Lingo brand.

"These sales contracts extend our footprint into Thailand as we expand our distribution partnership with Gale," said Gali Bar-Ziv, the chief operating officer of Lingo Media.

Shares in Lingo Media were 4.4% higher at C$0.12.

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Tue, 24 Apr 2018 13:24:00 -0400 https://www.proactiveinvestors.com/companies/news/195699/lingo-media-bags-contracts-with-chulalongkorn-university-and-thammasat-university-195699.html
<![CDATA[News - Lingo Media completes first installation in alliance with HP ]]> https://www.proactiveinvestors.com/companies/news/195178/lingo-media-completes-first-installation-in-alliance-with-hp-195178.html Lingo Media Corporation (TSX-V:LM, OTC:LMDCF) today announced its subsidiary, ELL Technologies Ltd, has completed the installation of the first ELL Learning Access Point (LAP), a device that merges wireless access with learning.

Targeted to university students, the device, loaded with education software, creates a wireless network without the need to connect to an internet provider. Lingo provides digital and print-based English language learning solutions through its business unit, ELL Technologies. The installation enables offline learning for ELL Technologies’ Campus English language learning program.

The company entered a strategic alliance with HP Inc (NYSE;HPQ) in 2017 for the education market in Latin America.

“We are pleased to announce the first installation of the LAP device under our partnership with HP and are very excited to be a part of this innovative classroom-focused initiative to merge high-speed ubiquitous wireless access with blended learning,” said Gali Bar-Ziv, chief operating officer of Lingo Media.

“With the best-in-class Learning Access Point solution, we expect to continue to expand the market for our digital learning solutions throughout Mexico and Latin America.”

The project was completed at the at the Universidad Autonoma de Chiapas in Mexico.

 

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Tue, 17 Apr 2018 10:15:00 -0400 https://www.proactiveinvestors.com/companies/news/195178/lingo-media-completes-first-installation-in-alliance-with-hp-195178.html
<![CDATA[News - EdTech group Lingo Media Corp welcomes new director ]]> https://www.proactiveinvestors.com/companies/news/188681/edtech-group-lingo-media-corp-welcomes-new-director-188681.html Education technology group Lingo Media Corp (TSE:LM) announced the election of new director Robert Martellacci.

The English language focused firm said all matters at its annual and special shareholders meeting held on December 8 had been passed.

Martellacci is the founder and president of Canada's leading EdTech strategy, news and events company, MindShare Learning Technology.

He is also president and co-founder of C21 Canada - Canadians for 21st Century Learning and Innovation.

"We are very pleased to welcome Robert as a new member to the board. He has extensive experience and knowledge as a leader in the EdTech sector and will be a very strategic addition to Lingo Media," said Michael Kraft, president and chief executive of Lingo Media.

The directors held a board meeting after the annual meeting and reappointed Kraft as president and chief executive, Khurram Qureshi as chief financial officer and Gali Bar-Ziv as chief operating officer.

Earlier shareholders had elected Robert Martellacci, Jerry Grafstein, Martin Bernholtz, Tommy Weibing Gong and Michael Kraft as directors of the company.

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Tue, 12 Dec 2017 19:17:00 -0500 https://www.proactiveinvestors.com/companies/news/188681/edtech-group-lingo-media-corp-welcomes-new-director-188681.html
<![CDATA[News - Lingo Media Corp and Kickwheel call off merger but still plan to collaborate ]]> https://www.proactiveinvestors.com/companies/news/186752/lingo-media-corp-and-kickwheel-call-off-merger-but-still-plan-to-collaborate-186752.html The marriage between Lingo Media Corp (TSE:LM)  and Kickwheel Company, formerly Vested Finance Inc, has been abandoned in favor of a looser arrangement.

“Based on current market conditions, both parties decided not to proceed with the merger as planned; however, we still expect to continue to work closely with Kickwheel to broaden the reach of our best-in-class English-language learning products throughout their network of US-based universities and colleges," said Michael Kraft, president and chief executive officer of Lingo Media.

"At the same time, we plan to continue to strengthen our growing presence in Latin America and Asia, as we secure new sales contracts, gain traction and grow market share."

Joe Ross, chief executive of Kickwheel, said Kickwheel still believed strongly in the potential of cross-selling opportunities for both companies.

Shares in Lingo fell two cents to C$0.18 on the news.

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Fri, 03 Nov 2017 17:57:00 -0400 https://www.proactiveinvestors.com/companies/news/186752/lingo-media-corp-and-kickwheel-call-off-merger-but-still-plan-to-collaborate-186752.html
<![CDATA[Media files - Lingo Media and KickWheel merger nears completion ]]> https://www.proactiveinvestors.com/companies/stocktube/8256/lingo-media-and-kickwheel-merger-nears-completion-8256.html Wed, 18 Oct 2017 13:32:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/8256/lingo-media-and-kickwheel-merger-nears-completion-8256.html <![CDATA[News - Lingo Media and Kickwheel Company merger moving towards completion ]]> https://www.proactiveinvestors.com/companies/news/185745/lingo-media-and-kickwheel-company-merger-moving-towards-completion-185745.html The merger of equals between Lingo Media Corp (TSE:LM)  and Kickwheel Company, formerly Vested Finance Inc, is moving towards completion.

Lingo Media shares resumed trading again today (October 17).

Originally launched as the Schoold app in 2016 and newly branded as The College Fair powered by Kickwheel, the app continues to gain momentum with 1.2 million downloads.

"The combination of these two complementary companies creates a global platform for engaging, recruiting and coaching students," said Michael Kraft, president and chief executive of Lingo Media.

"The resulting operational efficiencies and scale are abundant, including numerous opportunities to cross-sell and market both companies' products and services to their respective client bases.

"For example, we will be able to market our ELL Technologies English language learning resources to students in Kickwheel's network of 3,000 plus colleges and universities.

"As a result, we expect to expand Lingo's footprint into the United States, driving adoption of our products in the U.S. post-secondary education market."

The education industry is 9% of US gross domestic product (second only to health care) and global digital language-learning spending is currently US$4.5bn and is expected to grow to US$9bn by 2020.

The US postsecondary marketing and recruiting spending is US$14bn and will grow to US$18bn by 2020.

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Tue, 17 Oct 2017 12:13:00 -0400 https://www.proactiveinvestors.com/companies/news/185745/lingo-media-and-kickwheel-company-merger-moving-towards-completion-185745.html
<![CDATA[News - Lingo Media and Schoold to tie the knot in all-stock merger ]]> https://www.proactiveinvestors.com/companies/news/182340/lingo-media-and-schoold-to-tie-the-knot-in-all-stock-merger-182340.html The merger of equals between Lingo Media Corp (TSE:LM) and Vested Finance Inc, developer of the Schoold mobile college marketplace app, is to go ahead.

The two education technology specialists have entered a definitive agreement to merge through a one-for-one all-stock transaction.

Assuming shareholders agree, the merged company will take on a new name, yet to be determined.

The company is also seeking permission from shareholders to increase the size of the board from six to seven directors.

Schoold intends to complete a financing and convertible debt for minimum aggregate gross proceeds of $4,700,000, $850,000 of which has already been raised.

Schoold is expected to issue convertible debt and subscription receipts ultimately convertible into Lingo shares at a minimum price of $0.40 per Lingo share; Lingo shares currently trade at C$0.325.

The merger brings together the proven student-focused English language learning capabilities of Lingo and the app-based mobile messaging and coaching services of Schoold.

Lingo said the combination of the two complementary companies creates a global platform for engaging, recruiting and coaching students, as well as helping colleges to ensure international students succeed in English.

The operational efficiencies and scale that are expected to result from the merger include the ability to provide best-in-class English language learning resources to students through Schoold's network of more than 3,000 universities.

"This is the right combination for students and our college and university clients," said Michael Kraft, president and chief executive officer (CEO) of Lingo Media.

"It brings together proven language, engagement and engineering expertise in a platform that anticipates the needs of tomorrow's undergraduates. This will enable the new combined company to better serve a fast-growing need in higher education for cost-effective ways to find and serve more engaged, better qualified students from all over the world -- to drive our growth and shareholder value," he added.

Joe Ross, the CEO of Schoold, indicated the combination would be welcomed by higher education institutions.

“When it comes to finding and retaining engaged learners -- especially those for whom English is a second language -- colleges need help of the kind Lingo and Schoold are best qualified to provide," Ross said.

Lorne Abony, the chairman and controlling shareholder of Schoold, said the deal would accelerate the individual commercial success of each company.

"By combining technology platforms and the ability to engage a broad range of both domestic and international students, the new company will have even more to offer university programs that face increasing competition for applicants," Abony said.

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Fri, 11 Aug 2017 15:59:00 -0400 https://www.proactiveinvestors.com/companies/news/182340/lingo-media-and-schoold-to-tie-the-knot-in-all-stock-merger-182340.html
<![CDATA[News - Lingo Media expects definitive agreement on Schoold merger within a week ]]> https://www.proactiveinvestors.com/companies/news/181876/lingo-media-expects-definitive-agreement-on-schoold-merger-within-a-week-181876.html Lingo Media Corp (TSE:LM) updated again on its planned merger with college marketplace app Schoold, saying it expects a definitive agrement to be finalised within a week.

As revealed at the beginning of last month, the parties had agreed to extend the term of their letter of intent (LOI) to July 31 this year.

That extension was needed to provide sufficient time to complete the definitive agreements between the parties, Lingo Media had said.

The deal is expected to be a "merger of equals" in which shareholders of each will acquire 50% of the resulting company.

Upon executing a definitive agreement, Lingo Media will provide more specific details of the transaction, including a private placement financing to be completed concurrently with its closing, it said.

Edtech group Lingo Media provides both on-line and print-based solutions through two distinct business units - ELL Technologies and Lingo Learning.

ELL Technologies provides on-line training and assessment for English language learning, while Lingo Learning is a print-based publisher of English language learning programs in China.

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Wed, 02 Aug 2017 13:47:00 -0400 https://www.proactiveinvestors.com/companies/news/181876/lingo-media-expects-definitive-agreement-on-schoold-merger-within-a-week-181876.html
<![CDATA[News - Lingo Media and Schoold extend merger LOI further ]]> https://www.proactiveinvestors.com/companies/news/180228/lingo-media-and-schoold-extend-merger-loi-further-180228.html Lingo Media Corp (TSE:LM) updated on its planned merger with college marketplace app Schoold - saying  they  have agreed to extend the term of their previously announced letter of intent (LOI) until the end of July.

The extension is needed to provide sufficient time to complete the definitive agreements between the parties,. Lingo said in a brief regulatory statement.

"Both companies have each recently achieved significant commercial milestones, including two long-term university contracts for Schoold and the strategic alliance between HP and Lingo Media," Lorne Abony, Schoold's chairman and controlling shareholder, told investors.

"With the focus that was required to close these high-priority deals for each company now behind us, we look forward to concluding the merger."

Michael Kraft, chief executive at Lingo Media, added: "With these exciting commercial developments spanning Latin America and the United States, we are positioning the merged entity for greater cross-selling opportunities and synergies."

As revealed in March, shareholders of each party will acquire 50 % of the resulting entity.

Upon completion of a definitive agreement, Lingo will issue more specific details of the deal, including a private placement financing to be completed concurrently with the closing of the transaction.

More follows.

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Mon, 03 Jul 2017 08:42:00 -0400 https://www.proactiveinvestors.com/companies/news/180228/lingo-media-and-schoold-extend-merger-loi-further-180228.html
<![CDATA[Media files - Lingo Media inks deal with tech giant HP to tap into Latin America education market ]]> https://www.proactiveinvestors.com/companies/stocktube/7717/lingo-media-inks-deal-with-tech-giant-hp-to-tap-into-latin-america-education-market-7717.html Thu, 29 Jun 2017 08:48:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/7717/lingo-media-inks-deal-with-tech-giant-hp-to-tap-into-latin-america-education-market-7717.html <![CDATA[News - Lingo Media marks another distribution milestone with new Latin America tie-up ]]> https://www.proactiveinvestors.com/companies/news/179907/lingo-media-marks-another-distribution-milestone-with-new-latin-america-tie-up-179907.html EdTech group Lingo Media Corp (TSE:LM) continues to expand it product distribution - striking a deal to sell its English language learning programs in Latin America.

The company has entered a strategic alliance with HP Inc for the education market in Latin America.

HP will marketing and sell ELL Technologies' full suite of English programs directly to its existing customer base of educational institutions.

"With governments throughout Latin America putting significant emphasis on English and Math, we see the need and opportunity to partner with one of the leading online training and assessment providers in ELL Technologies," said Enrique Ortiz, of HP Latin America.

He added: "We are excited about the partnership and see a great future for HP and ELL Technologies to work together."

Chief operating officer at Lingo Media Gali Bar-Ziv added: "This strategic alliance with a world technology leader in HP with their focus and dedication to the education sector is another significant distribution milestone for the company.

"We expect to grow our sales throughout the Latin America region with this strategic partnership, benefitting substantially from HP's vast marketing channels and network."

Lingo Media provides both online and print-based solutions through two business units.

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.

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Tue, 27 Jun 2017 09:12:00 -0400 https://www.proactiveinvestors.com/companies/news/179907/lingo-media-marks-another-distribution-milestone-with-new-latin-america-tie-up-179907.html
<![CDATA[News - Lingo Media and Schoold app developer extend merger LOI ]]> https://www.proactiveinvestors.com/companies/news/178871/lingo-media-and-schoold-app-developer-extend-merger-loi-178871.html Lingo Media Corp (TSE:LM) updated on its planned merger with college marketplace app Schoold - saying  they  have agreed to extend the term of their previously announced letter of intent (LOI) until the end of June.

The extension is required to provide time to complete the audited financial statements of Schoold, to complete due diligence by both parties, and for the negotiation of a final definitive agreement between the parties.

As revealed in March, shareholders of each party will acquire 50 % of the resulting entity.

Upon completion of a definitive agreement, Lingo will issue more specific details of the deal, including a private placement financing to be completed concurrently with the closing of the transaction.

Michael Kraft, of Lingo Media, said in March: "We look forward to joining forces with Schoold and benefiting from Joe Ross's leadership and experience in the technology and education sectors."

The Schoold app connects prospective students with colleges and universities and is available worldwide on iPhone, Android and Kindle devices.

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Tue, 06 Jun 2017 16:17:00 -0400 https://www.proactiveinvestors.com/companies/news/178871/lingo-media-and-schoold-app-developer-extend-merger-loi-178871.html
<![CDATA[News - Lingo Media welcomes telecoms professional as director ]]> https://www.proactiveinvestors.com/companies/news/178667/lingo-media-welcomes-telecoms-professional-as-director-178667.html Lingo Media Corp (CVE:LM) has appointed telecoms executive Gerbrand Nijman as a director as it expands its international markets.

"I am thrilled to be joining Lingo Media, one of the global leaders in the language learning sector," said Nijman.

"My focus will be to enhance customers' experience, drive international growth and increase shareholder value."

Nijman is the chief financial officer and executive director of Global Telecom Holding  S.A.E, which is an Egypt listed company and member of the VEON Group.

VEON is a NASDAQ and Euronext Amsterdam listed global provider of connectivity, which has been a significant shareholder of Lingo Media since 2008.

His CV also includes AEGON, where he served as Senior Vice President and Head of Investor Relations, ING and KPN International.

"Gerbrand is a well-respected executive in the telecom sector with significant management experience in operations and investor relations," said Michael Kraft, President & CEO of Lingo Media.

"His wealth of knowledge and expertise will be a very helpful resource on our board as we build out our business in international markets."

Lingo Media shares were unchanged in Toronto at 24 cents.

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Thu, 01 Jun 2017 15:04:00 -0400 https://www.proactiveinvestors.com/companies/news/178667/lingo-media-welcomes-telecoms-professional-as-director-178667.html
<![CDATA[News - Lingo Media Corp invests in digital for future growth ]]> https://www.proactiveinvestors.com/companies/news/178503/lingo-media-corp-invests-in-digital-for-future-growth-178503.html Lingo Media Corp (CVE:LM) said its first quarter saw it invest around $875,000 in its digital content, to position the company for future growth.

The three months to end March contained a number of operational highlights, including  striking a software licensing contract for ELL Technologies' programs with a new distributor group in Peru, it added.

READ - Lingo Media Corp expects Schoold deal within 30 days READ - Lingo Media looking to be top of the class in 2017

The group also extended the publishing royalty contract by three years with People's Education Press in China till August 2022.

Summing up, Michael Kraft, president and chief executive of Lingo, said: "Our on-the-ground presence with a new strategic hire in Mexico City is gaining significant traction, aggressively signing up distributors, managing sales channels and advancing our sales pipeline throughout Mexico and Central America.

"At the same time, we continue our efforts through various initiatives to expand our sales in Peru and Colombia.

"We are on the right track with a very deep and active sales pipeline. Management also remains excited about the proposed merger with Schoold, announced at the end March, and will be providing an update in the coming weeks."

The firm's cash position increased to $300,042 compared to $84,303 as at the year-end, and its book value increased by $1.7mln to $6.4million or 18 cents a share, compared to end March last year.

Net profit for the period came in at $3,945  compared to $50,830 in the same period last year, on revenue of $597,977.

Income before amortization, share-based payments, depreciation, finance charges and taxes was $328,359 against $493,936 in 2016.

Lingo Media provides both on-line and print-based solutions through two distinct business units -  ELL Technologies and Lingo Learning.

ELL Technologies provides on-line training and assessment for English language learning, while Lingo Learning is a print-based publisher of English language learning programs in China.

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Tue, 30 May 2017 11:42:00 -0400 https://www.proactiveinvestors.com/companies/news/178503/lingo-media-corp-invests-in-digital-for-future-growth-178503.html
<![CDATA[News - Lingo Media Corp expects Schoold deal within 30 days ]]> https://www.proactiveinvestors.com/companies/news/177170/lingo-media-corp-expects-schoold-deal-within-30-days-177170.html Lingo Media Corp (CVE:LM) expects to finalise terms of its merger with college app Schoold within 30 days, according to Michael Kraft, chief executive.

Framed as a 'merger of equals', the combination brings together Schoold’s profiles of over 3,000 universities together with Lingo Media’s English language learning platform.

“We anticipate entering into definitive deal terms over the next 30 days," he added.

"We believe we are on the right track with a very deep and active sales pipeline combined with market acceptance of our products achieved over the past 18 months,” said Kraft.

Lingo posted a loss of C$36,000 |(C$633,000 profit ) in the final quarter of 2016 on revenues of C$736,000 (C$1.28mln).

For the full year, there was a profit of C$64,000 (C$2.52mln) on sales of C$3.2mln (C$4.9mln).

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Tue, 02 May 2017 15:00:00 -0400 https://www.proactiveinvestors.com/companies/news/177170/lingo-media-corp-expects-schoold-deal-within-30-days-177170.html
<![CDATA[News - Lingo Media is set to merge with college app Schoold ]]> https://www.proactiveinvestors.com/companies/news/175318/lingo-media-is-set-to-merge-with-college-app-schoold-175318.html Lingo Media Corp (TSE:LM) revealed it is set to enter the US higher education market via a merger with Vested Finance Inc - the developer of the huge mobile college marketplace app, Schoold

The firms are  working to finalise a definitive agreement within the next 30 to 60 days, which is anticipated to be a 'merger of equals', it told investors.

Joe Ross, chief executive officer of Schoold, which features profiles of over 3,000 universities and has served over 1mln students, said: "Millions of learners across the globe aspire to learn English for the specific purpose of becoming qualified to study in English.

A premier Edtech company..

"Together Schoold and Lingo Media will be the premier education technology company providing best-in-class English language learning resources and connecting students everywhere with higher education opportunities in the United States."

Michael Kraft, of Lingo Media, added: "We look forward to joining forces with Schoold and benefiting from Joe Ross's leadership and experience in the technology and education sectors."

The Schoold app connects prospective students with colleges and universities and is available worldwide on iPhone, Android and Kindle devices.

Details to come..

Upon completion of a definitive agreement, Lingo will issue more specific details of the deal, including a private placement financing to be completed concurrently with the closing of the transaction.

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Thu, 23 Mar 2017 17:50:00 -0400 https://www.proactiveinvestors.com/companies/news/175318/lingo-media-is-set-to-merge-with-college-app-schoold-175318.html
<![CDATA[News - Lingo Media looking to be top of the class in 2017 ]]> https://www.proactiveinvestors.com/companies/news/171682/lingo-media-looking-to-be-top-of-the-class-in-2017-171682.html “English represents hope for a better future, a future where the world has a common language to solve its common problems.”

This quote from a recent TED Talk Lesson goes some way to explaining why Lingo Media Corporation (CVE:LM) is so invested in finding new ways to teach the English language to people around the globe.

English is spoken by more than 1.5bn people around the world, with an estimated 500mln speaking it as their first language. On top of that, there are a further 2bn who are brushing up on their English skills to try and add to that total.

The appetite from non-English speaking countries to take up the language is obviously there, and Lingo is developing innovative teaching methods to help feed this.

What does it do?

To put it in its most simple form: Lingo is an education through technology (edtec) firm which develops products that help people of any age learn the English language.

Edtec is a hot topic on Wall Street at the moment with US companies in that space raising more than US$1bn in funding from investors last year.

Lingo has two divisions: a publishing arm and an online arm.

The publishing business, Lingo Learning, produces more traditional, print-based textbooks and other materials, primarily for the Chinese state ministry of education.

The connections in China leave the group well-placed to benefit from the surge in interest from the country which, according to analysts, is set to become the largest English-speaking country in the world by the end of this year.

Lingo has even opened an office in Beijing to help the firm meet demand from Chinese customers.

The online arm, ELL Technologies, is more like what you’d expect from a 21st century edtec group and offers online training and assessment programmes.

ELL also has a virtual conversation tool, which means users can hone their speaking skills with a virtual avatar before starting to practice in real life.

Lingo’s products have had a pretty decent effect as well. An estimated 20mln learners in more than ten countries have “significantly improved” their English language skills thanks to Lingo’s tech.

Classroom and boardroom

When you hear education, it’s easy to think of those old school days sat in a classroom.  But while K-12 (kindergarten through to 12th grade) is one of Lingo’s key markets without a doubt, it’s not the only one.

The number of adults who want to improve their English to help them find jobs or conduct business with foreign companies where English could be a mutual language is on the rise.

Lingo can adapt its suite of products to suit anyone from a five-year-old to a 60-year-old chief executive.

Third quarter results

Lingo’s third quarter results released at the beginning of December didn’t quite hit the high standards it has set itself in recent years.

The company reported a loss of US$0.016 per share for the three months to end September, compared to the US$0.023 profit it posted for the same period in 2015.

“The decline in our third quarter results was directly attributable to ELL Technologies’ revenues that were a short-term timing issue rather than a long-term business-related issue,” said President and chief executive Michael Kraft.

Lingo had posted seven consecutive profitable quarters in the run-up to these results, and Kraft said he was confident that the underlying business was still in excellent shape.

“While our third quarter sales results didn’t meet our expectations, we believe as strongly in our business today and the opportunity as we ever have before, because we are speaking with the customers on the ground, we understand their needs, and we see the long-term market opportunity for English language learning.”

Putting their money where their mouth is

While it might be easy for Kraft to tell investors that he’s confident in the company’s outlook for 2017 and beyond, it’s another thing to actually show it.

But that’s exactly what he and other directors have done in recent weeks.

Between them, they bought over 300,000 Lingo shares in the days following the earnings release, ploughing more than US$60,000 of their own cash into the business in the process.

The share price

The past year has been a rocky one for Lingo’s share price. It came into 2016 valued at around C$0.90 a pop, and peaked in the spring at a shade over C$1.

It’s been on the wane since then though and now stands at C$0.22, giving the company a market capitalisation of roughly C$7.5mln.

It’s worth bearing in mind that even with the fall during 2016, the stock is still worth twice as much as it was this time two years ago.

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Mon, 16 Jan 2017 10:15:00 -0500 https://www.proactiveinvestors.com/companies/news/171682/lingo-media-looking-to-be-top-of-the-class-in-2017-171682.html
<![CDATA[News - Lingo Media says Q3 earnings downturn an anomaly; sales pipeline stronger than ever ]]> https://www.proactiveinvestors.com/companies/news/169992/Lingo-Media-says-Q3-earnings-downturn-an-anomaly-sales-pipeline-stronger-than-ever-169992.html Lingo Media (TSXV:LM) connected with stakeholders on a conference call to provide a corporate update and review third quarter earnings this past Friday, explaining that timing issues were mostly responsible for numbers that fell short of what investors in the provider of digital and print solutions to the English language study market had come to expect following seven straight quarters of profitability.

On Wednesday, Lingo Media reported a loss of $0.016 per share for the third quarter ended September 30, a drop from the $0.023 per share profit realized in the same quarter a year earlier.  Lingo Media shares fell on the news, trading as low as $0.185, which compares with a 52-week high of $1.19 set earlier this year.

Lingo Media President and CEO Michael Kraft said on the call that the company signed contracts in Peru and Mexico during the quarter but other sales in the pipeline were taking longer to close than expected and had left the quarter’s financials looking weaker than management was anticipating.

Kraft stressed that the earnings disappointment was not something investors should project forward.  “The decline in our Q3 results were directly attributable to ELL Technologies revenues that were a short-term timing issue rather than a long-term business-related issue,” he said, referring to the wholly owned subsidiary that focuses on digital language learning tools.

“While our Q3 sales results did not meet our expectations, we believe as strongly in our business today and the opportunity as we ever have before, because we are speaking with the customers on the ground, we understand their needs, and we see the long-term market opportunity for English language learning.”

Lingo Media customers, Kraft explained, include “ministries of education, ministries of labour, other government agencies and higher educational institutions.  The sales cycle can be somewhat longer, making it difficult to control every quarter that the sale will be recognized.”

Kraft said that in 2016 over $2.5 billion will be spent globally on digital English language learning products and that the market is highly fragmented, thus making for very large opportunities for leading-edge companies such as Lingo Media.  Kraft pointed out that the Lingo Media sales pipeline is the strongest it has ever been.

One conference call participant voiced concern that receivables had grown to $2.57 million, but Lingo Media CFO Khurram Qureshi expressed confidence that these would appear as cash in the Lingo Media treasury in short order.  “We expect to collect all of our receivables,” he commented, adding that two particularly large receivables would likely be converted into cash before the end of December.

In a sign of conviction that future quarters will indeed bring better performance, filed reports show Kraft and other management and directors having purchased over 300,000 Lingo Media shares in the open market since the earnings were released.

Lingo Media closed Monday at $0.22, 4.76% above Friday’s opening price prior to the conference call.

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Mon, 05 Dec 2016 17:58:00 -0500 https://www.proactiveinvestors.com/companies/news/169992/Lingo-Media-says-Q3-earnings-downturn-an-anomaly-sales-pipeline-stronger-than-ever-169992.html
<![CDATA[News - Lingo Media to hold corporate update call Dec. 2 ]]> https://www.proactiveinvestors.com/companies/news/169846/lingo-media-to-hold-corporate-update-call-dec-2-169846.html Lingo Media Corp. (CVE:LM) will host a conference call for investors on Friday, Dec. 2, at 2 p.m. ET (1900 GMT) to provide a corporate update.

The EdTech provider will be hosting and moderating a question-and-answer period on the call. Participants will be able to submit questions via e-mail before or during the call.

Lingo Media shares were up 7.1% to C$0.22 on Thursday.

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Thu, 01 Dec 2016 14:28:00 -0500 https://www.proactiveinvestors.com/companies/news/169846/lingo-media-to-hold-corporate-update-call-dec-2-169846.html
<![CDATA[News - Lingo Media reports improved assets in Q3, confident over sales ]]> https://www.proactiveinvestors.com/companies/news/169626/lingo-media-reports-improved-assets-in-q3-confident-over-sales-169626.html Lingo Media (CVE:LM) reported improved assets with its third quarter earnings on Monday and also said it was confident it would fulfill its sales pipeline.

The edTech company reported total assets of C$6.9mln in the three months to Sept 30 versus C$5.2mln at the end of 2015.

But revenue declined to C$152,657 in the latest period versus C$1.2mln in the same period a year ago.

“The Company had a decline in revenue in its Online English Language Learning division during the third quarter of 2016. Lingo Media has established a qualified sales team headed by Laurent Glorieux who recently joined the company and has developed a sales pipeline which did not convert into sales contracts during the quarter. The nature of our business is such that revenues are recognized upon signing of a contract, delivery of the software and customer acceptance and sign-off. The lower level of revenue in Q3-16 is a result of delays in signing sales contracts and delivery of the software,” it said in a statement.

“The Company is confident that it can close a significant portion of its sales pipeline but cannot forecast the exact timing of such closings and delivery. The high level and aging of the accounts receivable is attributed to one major customer upgrading and implementing new computer systems and another customer awaiting project completion and sign off which has resulted in delayed collections,” the company added.

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Mon, 28 Nov 2016 14:45:00 -0500 https://www.proactiveinvestors.com/companies/news/169626/lingo-media-reports-improved-assets-in-q3-confident-over-sales-169626.html
<![CDATA[News - Lingo Media extends footprint in Peru ]]> https://www.proactiveinvestors.com/companies/news/167648/lingo-media-extends-footprint-in-peru-167648.html Lingo Media Corporation (CVE:LM) has secured another contract in Latin America, this time with Peru's Ministry of Education.

This contract is another sales and distribution milestone for the company as it adds to its portfolio of ministerial clients in Latin America, the company said.

The implementation will be carried out across Peru through Euroidiomas, a leading language center headquartered in Lima, Peru.

Euroidiomas has adopted the ‘English for Success’ platform, developed by Lingo subsidiary ELL Technologies, as part of its comprehensive online learning solution for a 12-month teacher development program.

Leonardo Mercado, academic director of Euroidiomas, praised the “unique format and vast amount of content” on ELL’s platform.

“It is the ideal English language learning product and platform to serve as the cornerstone for this intensive study program and for other projects," he said.

Overall, 2,000 English teachers from Peru's 24 states will be using the learning platform starting in October 2016.

“The Peruvian Ministry of Education invests heavily in the training of its teachers and students and we are confident that our commitment to learning outcomes will ensure very positive results for this teacher training program. We will work hard to ensure the successful delivery of our products and services to all parties involved and use this project as another building block in our quest to expand our market share in Peru," said Gali Bar Ziv, chief operating officer of Lingo Media.

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Wed, 19 Oct 2016 08:39:00 -0400 https://www.proactiveinvestors.com/companies/news/167648/lingo-media-extends-footprint-in-peru-167648.html
<![CDATA[News - Lingo Media appoints Glorieux as senior sales director ]]> https://www.proactiveinvestors.com/companies/news/166333/lingo-media-appoints-glorieux-as-senior-sales-director-166333.html Education technology group Lingo Media Corporation (CVE:LM) has appointed Laurent Glorieux, MBA, as senior sales director leading the company's growth strategy in Asia, North America and the Middle East.

Formerly Sales Director, Global Resellers at Rosetta Stone and Sales Director at Tell Me More S.A., Glorieux is an entrepreneurial leader with 16 years of experience in propelling double and triple-digit growth in business-to-business, international software sales.

At Global Resellers at Rosetta Stone, the market leading $218mln global education-technology developer of language, literacy and brain-fitness software where he built a global strategy, Glorieux secured partner contracts and specifically led key growth initiatives in emerging markets.

Glorieux also led an enterprise and education sales team in Latin America and the Caribbean achieving 50%+ sales increase in just one year. In 2007, he was Sales Director at Tell Me More S.A., a global language learning company with a robust suite of SaaS-based language learning products and services, which was acquired by Rosetta Stone in 2014.

Lingo Media shares were 5% higher at C$0.42 on Thursday.

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Thu, 22 Sep 2016 10:29:00 -0400 https://www.proactiveinvestors.com/companies/news/166333/lingo-media-appoints-glorieux-as-senior-sales-director-166333.html
<![CDATA[News - Lingo Media reports improved balance sheet and $1mln library investment ]]> https://www.proactiveinvestors.com/companies/news/129838/lingo-media-reports-improved-balance-sheet-and-1mln-library-investment-129838.html Education technology group Lingo Media Corporation (CVE:LM) saw revenues of C$1,549,397 and a net profit of C$631,183 or C$0.02 per share in the second quarter ended June.

The group invested over C$1mln in its digital content library, and seemed to have significantly improved the balance sheet since the start of the year.

In the second quarter it reported a foreign exchange gain of C$132,633 compared to a loss of C$215,571 for previous quarter, which negatively impacted the group’s financial results by C$348,204 compared to the previous period.

Chief executive Michael Kraft said the group was able to generate significant cash during the period, which allowed it to invest C$1,081,157 towards development of our digital content library

For the half year ended June 2016, cash and cash equivalents increased to C$1.5mln compared to C$409,000 at the end of last year.

Lingo Media’s book value increased by C$3mln to C$7mln or C$0.21 per share.

During the period the group focused on expanding its sales network, which included new partnerships with Telefonica in Peru and Gale Cengage globally.

The group said it was making progress in opening new markets beyond Latin America including Asia, where it said it was beginning to generate incremental revenues.

 

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Tue, 30 Aug 2016 15:41:00 -0400 https://www.proactiveinvestors.com/companies/news/129838/lingo-media-reports-improved-balance-sheet-and-1mln-library-investment-129838.html
<![CDATA[News - Lingo Media strikes deal for future teachers in Mexico ]]> https://www.proactiveinvestors.com/companies/news/129678/lingo-media-strikes-deal-for-future-teachers-in-mexico-129678.html Education technology group Lingo Media Corporation (TSX:LM) has continued its good run - securing a sales contract with  Universidad Da Vinci in Mexico.

As part of a State-run initiative, the university has started training more than 1,250 future teachers in ten states.

These teachers in training will learn English using ELL Technologies' state-of-the-art learning platform 'English for Success', Lingo Media said.

Released this spring and including more than 1,000 hours of content, English for Success has already been approved by government ministries in Mexico, Peru and Colombia.

Chief operating officer Gali Bar Ziv told investors: "We are very pleased to have partnered with the Universidad Da Vinci in Mexico.

"The university's educational standard has been recognized by organizations and national agencies such as SEP, the Inter-Institutional Committees for the Evaluation of Higher Education and the National Council of Science and Technology.

"We look forward to expanding our relationship and programs with the Universidad Da Vinci."

It comes after Last week, Lingo announced that it had secured a sales contract with a leading financial education institute in Peru.

In July, Telefónica Educación Digital, a distribution partner of ELL Technologies in Peru, signed an inter-institutional agreement with CERTUS, to promote digital education to their students through the delivery and implementation of its Scholar program, a virtual English-language teaching platform.

Also this month, it struck a deal with the Universidad de San Martín de Porres in Peru.

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Wed, 24 Aug 2016 09:42:00 -0400 https://www.proactiveinvestors.com/companies/news/129678/lingo-media-strikes-deal-for-future-teachers-in-mexico-129678.html
<![CDATA[Media files - Lingo Media Corporation boss outlines progress in Latin America ]]> https://www.proactiveinvestors.com/companies/stocktube/5423/lingo-media-corporation-boss-outlines-progress-in-latin-america-5423.html Fri, 19 Aug 2016 14:26:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/5423/lingo-media-corporation-boss-outlines-progress-in-latin-america-5423.html <![CDATA[News - Lingo Media partners with leading Peru education institute ]]> https://www.proactiveinvestors.com/companies/news/129430/lingo-media-partners-with-leading-peru-education-institute-129430.html Education technology group Lingo Media Corporation (TSX:LM) announced that its wholly-owned subsidiary, ELL technologies Ltd has secured a sales contract with a leading financial education institute in Peru.

In July, Telefónica Educación Digital, a distribution partner of ELL Technologies in Peru, signed an inter-institutional agreement with CERTUS, to promote digital education to their students through the delivery and implementation of its Scholar program, a virtual English-language teaching platform.

“This contract is a resounding example of what this partnership can achieve and it is a strong endorsement of our software, to be adopted by CERTUS, a leader in Peru’s education sector,” said chief operating officer Gali Bar-Ziv.

“Nowadays in the commercial and business world, the importance of language learning, especially English, has ceased to be an alternative and has become a necessity of professional formation. The alliance will enable us to access quality education with an appropriate environment at a reasonable price,” said CERTUS general manager Ines Althaus.

CERTUS has more than 25,000 students across campuses in Lima, Arequipa and Chiclayo.

 

 

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Wed, 17 Aug 2016 16:36:00 -0400 https://www.proactiveinvestors.com/companies/news/129430/lingo-media-partners-with-leading-peru-education-institute-129430.html
<![CDATA[News - Lingo Media adds to growing list of university clients ]]> https://www.proactiveinvestors.com/companies/news/129254/lingo-media-adds-to-growing-list-of-university-clients-129254.html Education technology group Lingo Media Corporation (CVE:LM, OTCQB:LMDCF) continues to do well in Latin America - striking a deal with the Universidad de San Martín de Porres in Peru.

The sales contract was struck by subsidiary ELL Technologies Ltd via distribution partner Telefónica, which inked the agreement for the institution, which has more than 20,000 students and two campuses at capital Lima and Chiclayo.

The students will use ELL Technologies 's Scholar English learning and training solution.

Chief operating officer of Lingo Media Gali Bar-Ziv said: "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."

Lingo Media provides both online and print-based solutions through two 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 programmes in China. 

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Thu, 11 Aug 2016 08:58:00 -0400 https://www.proactiveinvestors.com/companies/news/129254/lingo-media-adds-to-growing-list-of-university-clients-129254.html
<![CDATA[News - Lingo Media revenue rises 16% in Q1 ]]> https://www.proactiveinvestors.com/companies/news/126580/lingo-media-revenue-rises-16-in-q1-126580.html Lingo Media Corporation (CVE:LM) reported a 16% gain in revenue in the first quarter versus a year ago, the company said on Tuesday.

Revenue for the three months ended March 31 totalled C$756,858 as compared with C$651,627 in the same period of 2015.

Meanwhile, operating expenses fell. Operating expenses for the period ended March 31, totalled C$262,922 compared with C$319,463 in 2015.

Net profit for the first quarter was recorded at C$50,830.

The company also said that since the end of the first quarter, loans payable of C$580,000 were repaid in full and retired.

"Our revenue growth was in excess of 16% over Q1 2015, reflecting growth in both our digital learning market in Latin America and our publishing royalty business in China. While profitability was down from last year, it was due to a net foreign exchange loss of $125,586, resulting in total comprehensive income of $111,787 for the quarter vs. $146,598 last year," said Michael Kraft, President & CEO of Lingo Media.

"We look forward to providing shareholders with further updates as we continue to build the business with strategic distribution partnerships with Telefonica and Cengage Gale and execute on new market expansion opportunities in North America and beyond," he added.

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Tue, 31 May 2016 17:02:00 -0400 https://www.proactiveinvestors.com/companies/news/126580/lingo-media-revenue-rises-16-in-q1-126580.html
<![CDATA[Media files - Lingo Media COO talks latest deals with Gale and Telefónica ]]> https://www.proactiveinvestors.com/companies/stocktube/4943/lingo-media-coo-talks-latest-deals-with-gale-and-telefnica-4943.html Tue, 17 May 2016 13:23:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/4943/lingo-media-coo-talks-latest-deals-with-gale-and-telefnica-4943.html <![CDATA[News - Sound strategy and a shrewd bet place Lingo Media at the head of the pack in fast-growing digital ESL market ]]> https://www.proactiveinvestors.com/companies/news/125941/sound-strategy-and-a-shrewd-bet-place-lingo-media-at-the-head-of-the-pack-in-fast-growing-digital-esl-market-125941.html Two game-changing agreements announced in the space of three weeks last month is the type of momentum most companies can only dream of, but for Lingo Media Corporation (CVE:LM; OTCQB:LMDCF) it is both reality and part of a larger overall plan that is falling perfectly into place.

Hot on the heels of an agreement with Telefónica Educación Digital SLU, part of the Spanish telecommunications group that ranks among the 50 top public companies in all of Europe, Lingo Media inked a distribution partnership with Gale, the library reference arm of one of the world’s largest education publishing companies, Cengage Learning.

It is exactly the type of leap forward the company was targeting when it made the bold decision to rebuild virtually from scratch its digital technology platform for students learning English as a second language. The whole idea was to position Lingo Media ahead of the curve, ready to capitalize on technology and learning trends as they evolved.

“About two years ago we made the decision that we were going to develop a brand new system, even though it might not immediately have any rate of return,” explains Gali Bar-Ziv, Lingo’s chief operating officer.

“We committed a tremendous amount of resources to building a suite of capabilities in terms of both content and the technology back-end. The result is that we are able to offer the marketplace a very flexible and solution-oriented product.” 

Bar-Ziv uses analogies to get his point across, explaining that airlines use booking platforms that have been around since the 1980s, and that math curriculums in developed countries often date to a similar vintage.

When it comes to teaching communication skills, that just won’t do, as even though every language is based on certain vocabulary and grammatical concepts, change at more advanced levels is virtually constant. And that’s to say nothing about the challenge of not only piquing interest in language learners, but maintaining it once the novelty of gaining prowess in a new tongue begins to wear off.

Lingo Media saw that the solutions lay in two pillars that could also form its competitive advantage: technology and content.

On the technology side, the company’s objective is to offer products based on technologies no more than a year or two old. At that rate, users enjoy the types of interaction they are used to with other digital content encountered in their spare time, or at work. To use older systems, says Bar-Ziv, is to be “always chasing the next patch, rather than looking forward to innovation.”

The second pillar is content. With everything having been developed in the last 18 months, topics are current, as is vocabulary. No mention of phonographs, typewriters or Perry Como in Lingo’s learning modules. More like computer programming and ITunes.

The structure of the content library actually sounds as if it has similarities to that famous Apple Inc. (NASDAQ:AAPL) music service, in that users can access the system and take from it only what they want, thus making for customized lesson plans that achieve focused objectives.

“We build our lessons based on levels, skills and particular topics,” says Bar-Ziv. “They can therefore be configured to meet the particular needs of any institution. If you want 100 hours, we can configure a course for 100 hours. If you want 200 hours on one level, we can do that, too. Or we can focus on certain skills.”

Bar-Ziv says that many competing products are structured more like a book, taking the user simply from Point A to Point Z, with few options for tailored learning along the way.

It is the modern platform and content, he says, and the inherent flexibility for serious learners that is convincing groups like Telefónica and Gale that Lingo Media is the company to partner with in the industry.

From a corporate standpoint, the two agreements, plus others that came before them, position Lingo Media to take faster advantage of a rapidly growing market in which profit margins tend to be very high. Product development requires significant outlays, but once the platform and content are there, it is like having a warehouse full of product that never runs out and does not have to be re-stocked.

With both Telefónica and Gale, vast sales teams will represent Lingo product in pre-determined markets, taking a cut of the profit but instantly giving Lingo reach that would have been impossible to develop on its own. In the case of Gale, the agreement even calls for co-branding product as Gale Lingo, with related marketing to begin in the second half of 2016.

“Our approach is to partner with established players that are very connected and to work with them exploring opportunities in specific markets,” explains Bar-Ziv. “We understand that to operate directly in a market you need to be physically present, and that is very challenging. Our business model is one of finding different partners and partnerships and collaborating closely.”

Bar-Ziv guards further corporate strategy details carefully, choosing his words with skill befitting the officer of a company teaching English to students everywhere from academic institutions to the military. He does offer a few tidbits, however, including a window on Lingo’s vision.

“Many companies look at what they have built and try to figure out how best to sell it,” he says. “The reason we feel well-positioned in this marketplace is because we are looking forward. We are looking forward to educational needs, to educational trends and where we feel technology is going. We build our solutions so that when we look ahead we are ready to serve those needs and trends and opportunities as they emerge. We are excited about the future and feel we are still just at the beginning.”

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Mon, 16 May 2016 15:00:00 -0400 https://www.proactiveinvestors.com/companies/news/125941/sound-strategy-and-a-shrewd-bet-place-lingo-media-at-the-head-of-the-pack-in-fast-growing-digital-esl-market-125941.html
<![CDATA[News - Lingo Media teams up with Gale to distribute Scholar ]]> https://www.proactiveinvestors.com/companies/news/124660/lingo-media-teams-up-with-gale-to-distribute-scholar-124660.html Lingo Media Corporation (CVE:LM) subsidiary ELL Technologies is teaming up with Gale, a provider of library resources and part of Cengage Learning in a commercial distribution partnership, the companies said on Monday.

Through the agreement, Gale will have exclusive international rights to market, sell and distribute ELL Technologies’ Scholar English language training program to university and college libraries, public libraries, and private schools.

The product will be co-branded as “Gale Lingo” and will be available in the second quarter of 2016.   

“This partnership with one of the largest and most established educational content, technology and services companies in the world is further validation of the efficacy of our software in improving learning outcomes,” commented Gali Bar-Ziv, chief operating officer of Lingo Media.

Gale has been a leading provider of research and education resources to libraries for 60 years and is committed to supporting the continued innovation and evolution of libraries and their users.

As Gale rolls out the Scholar program in many new international markets, Lingo Media maintains the distribution rights in North America, Latin America, Vietnam and the Caribbean.

“Gale has a tremendous international distribution network including a multinational sales force spanning Asia, Australasia, Europe, Middle East, Africa and Latin America. This partnership with Gale holds great potential to expand the market for the Scholar program internationally and is a significant distribution milestone for Lingo Media”, said Michael Kraft, President & CEO of Lingo Media.

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Mon, 11 Apr 2016 15:46:00 -0400 https://www.proactiveinvestors.com/companies/news/124660/lingo-media-teams-up-with-gale-to-distribute-scholar-124660.html
<![CDATA[News - Lingo Media will meet investors at MicroCap ]]> https://www.proactiveinvestors.com/companies/news/124566/lingo-media-will-meet-investors-at-microcap-124566.html Lingo Media Corporation (CVE:LM), an EdTech company, will be presenting to investors at the 2016 MicroCap Conference Toronto on Tuesday, April 12 at the Hilton Toronto. Management will also be available for one-on-one meetings with investors.

Companies will make short presentations in a formal setting, followed by a question and answer session.

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Thu, 07 Apr 2016 14:05:00 -0400 https://www.proactiveinvestors.com/companies/news/124566/lingo-media-will-meet-investors-at-microcap-124566.html
<![CDATA[News - Lingo Media Corporation signs Peruvian distribution deal ]]> https://www.proactiveinvestors.com/companies/news/124279/lingo-media-corporation-signs-peruvian-distribution-deal-124279.html Lingo Media Corporation (CVE:LM) has entered into a commercial distribution partnership in Peru with the digital education arm of Telefónica Group.

Online learning solutions provider Telefónica Educación Digital has been granted the rights to market, sell and distribute in Peru the complete English language training product suite of ELL Technologies, a subsidiary of educational technology firm Lingo Media.

“After a long evaluation process of ELL Technologies, we have determined that the solutions which ELL Technologies’ offers are some of the best-in-class eLearning online courses for English training available on the market in Peru,” said Marco Esparza Montejo, chief executive officer (CEO) of Telefónica Educación Digital in Peru.

Michael Kraft, president & CEO of Lingo Media, said the company was pleased to finalize the agreement with Telefónica, as it recognizes the company as a key strategic distribution partner in the Peruvian marketplace, that will help Lingo make significant inroads in this market.

“Telefónica will work with ELL Technologies to help grow our existing sales pipeline, as well as reach out to their own industry contacts. Both companies have previously worked together on select smaller projects and the experience was very constructive. We are excited about the opportunities that this new partnership offers,” Kraft said.

Lingo Media said Peru is a fast-growing market, with student enrollment rising and literacy improving, while government spending on education has more than quadrupled.

“Spending money is not enough by itself; it needs to be spent productively,” said Gali Bar-Ziv, chief operating officer of Lingo Media.

“This is where ELL Technologies excels and where it yields proven results for its customers,” Bar-Ziv added.

“We look forward to bringing greater access and improved learning outcomes for students and employees across Peru in conjunction with our new partner Telefónica,” Bar-Ziv concluded.

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Thu, 31 Mar 2016 09:17:00 -0400 https://www.proactiveinvestors.com/companies/news/124279/lingo-media-corporation-signs-peruvian-distribution-deal-124279.html
<![CDATA[News - Lingo Media expands Latin America sales with Ortiz hire ]]> https://www.proactiveinvestors.com/companies/news/124231/lingo-media-expands-latin-america-sales-with-ortiz-hire-124231.html Lingo Media (CVE:LM) an English-language education technology, said on Wednesday it has hired Luis Ortiz to spearhead the company's sales into Latin America.

Ortiz has more than 20 years of experience in sales and sales management in Latin America where he delivered significant sales growth for his previous employers, Wi-LAN Inc. and SMART Technologies.

Ortiz joins online and print provider Lingo Media's ELL Technologies division as Director of Sales, Latin America. He brings industry insight and sales expertise that will help deliver the company's cutting-edge suite of English language training solutions to channel partners, distributors, and direct sales clients throughout the region.

Most recently with SMART Technologies, Ortiz developed and implemented a successful channel programme for Latin America that led the company to double regional sales every year from 2005 until 2013. He also increased the channel network from 10 to more than 75 channel partners, covering 17 countries in the region.

Ortiz has significant experience negotiating large contracts directly with national governments and large institutions, including the largest education technology contract ever awarded by the federal government of Mexico.

Lingo Media shares were up 4% at C$0.79 - their highest in nearly three weeks.

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Wed, 30 Mar 2016 12:58:00 -0400 https://www.proactiveinvestors.com/companies/news/124231/lingo-media-expands-latin-america-sales-with-ortiz-hire-124231.html
<![CDATA[News - Lingo Media Corp set to launch English language app in Q2 ]]> https://www.proactiveinvestors.com/companies/news/123761/lingo-media-corp-set-to-launch-english-language-app-in-q2-123761.html 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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Wed, 16 Mar 2016 10:36:00 -0400 https://www.proactiveinvestors.com/companies/news/123761/lingo-media-corp-set-to-launch-english-language-app-in-q2-123761.html
<![CDATA[News - Lingo Media set for record 2015 results - QIS ]]> https://www.proactiveinvestors.com/companies/news/123388/lingo-media-set-for-record-2015-results-qis-123388.html Lingo Media (CVE:LM), the EdTech English language learning solutions specialist, is on track to deliver a record year of results in April, according to a note from QIS Capital.

The online and print tutor is 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.

Together with its Lingo Learning unit, a print-based publisher of English language learning programmes in China, Lingo Media has formed relationships with key government and industry organisations, establishing a strong presence in China's education market of more than 300 million students. The company is extending its global reach, with an initial market expansion into Latin America, and continues to expand its product offerings and technology applications.

"With its easily scalable online learning solutions, Lingo Media is ideally positioned to take advantage of the large market for teaching English in Latin America and China. Furthermore, with such a vast potential market worldwide, there are many other geographic areas that would make ideal future expansion targets," the independent researcher said.

Lingo traded unchanged on Monday at C$0.80.

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Mon, 07 Mar 2016 14:18:00 -0500 https://www.proactiveinvestors.com/companies/news/123388/lingo-media-set-for-record-2015-results-qis-123388.html
<![CDATA[News - Lingo Media welcomes TSX Venture plaudit ]]> https://www.proactiveinvestors.com/companies/news/123003/lingo-media-welcomes-tsx-venture-plaudit-123003.html Edtech firm Lingo Media Corporation (CVE: LM, OTCQB: LMDCF) has been recognised as a 2016 TSX Venture 50 firm and has been ranked No.1 in the Diversified Industries category.

Lingo Media achieved the greatest appreciation in both share price, gaining 745%, and in market capitalization, gaining 992%, amongst all 2016 TSX Venture 50 companies.

This is an annual ranking of the top 10 companies listed on the TSX Venture Exchange (TSXV) in each of five major industry sectors – Clean Technology, Diversified Industries, Mining, Oil & Gas and Technology & Life Sciences.

"It is a testament to our corporate vision and determination that we are generating results and exceeding expectations," said Michael Kraft, President and chief executive of Lingo Media.

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Thu, 25 Feb 2016 11:02:00 -0500 https://www.proactiveinvestors.com/companies/news/123003/lingo-media-welcomes-tsx-venture-plaudit-123003.html
<![CDATA[Media files - Digital language unit ELL driving performance, says Lingo Media chief ]]> https://www.proactiveinvestors.com/companies/stocktube/4474/digital-language-unit-ell-driving-performance-says-lingo-media-chief-4474.html Fri, 11 Dec 2015 13:26:00 -0500 https://www.proactiveinvestors.com/companies/stocktube/4474/digital-language-unit-ell-driving-performance-says-lingo-media-chief-4474.html <![CDATA[News - Lingo Media continues growth story as profitability continues ]]> https://www.proactiveinvestors.com/companies/news/119838/lingo-media-continues-growth-story-as-profitability-continues-119838.html Lingo Media (CVE:LM; OTC:LMDCF), the tech company focused on education, posted its fourth consecutive quarterly profit as it unveiled results for its third quarter for the three months to end September. Shares gained.

The firm also reported a 441% increase in revenue for the three months at C$1.2mln compared to C$222,000 in the same period of 2014.

Net income was a positive C$694,000 compared to a loss of C$179,000 a year ago.

Operating expenses were C$462,000 compared to C$272,000 a year ago.

Michael Kraft, president a chief executive of the group, which says it is "changing the way" the world learns English, told investors: "It is noteworthy that the revenue and profit in this quarter was almost entirely derived from the rapidly growing digital-learning software division.

"The legacy text book publishing income is generated throughout the year but is recorded seasonally in Q2 and Q4 as royalty revenues.”

In line with its strategy, the company has launched its ELL Technologies’ suite of software products into the government, educational institution and corporate markets.

"While Latin America remains our initial market focus, demand is emerging from other regions.

"The company is pursuing strategic partnerships for global distribution as part of its plan as the EdTech market for English language learning continues to grow worldwide," said Kraft.

In print based activity, the period saw the group co-publish its 550 millionth unit of 'PEP Primary English and Starting Line' programs with People’s Education Press in China.

Other highlights included its selection by Peruvian Navy to provide software licenses to ELL Technologies’ training products.

In September this year,  it released its pre-school program 'Winnie’s World' in HTML5 - the first title of its Kidsprogram and it has cross-platform, multi-browser capability, suitable for pre-readers as it does not need knowledge of the English language.

Shares of the Toronto, Ontario-based company added 5.9% in Toronto on Monday to stand at 72 Canadian cents..

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Mon, 30 Nov 2015 08:43:00 -0500 https://www.proactiveinvestors.com/companies/news/119838/lingo-media-continues-growth-story-as-profitability-continues-119838.html
<![CDATA[Media files - Lingo Media chief on digital drive and growth prospects ]]> https://www.proactiveinvestors.com/companies/stocktube/4266/lingo-media-chief-on-digital-drive-and-growth-prospects-4266.html Tue, 13 Oct 2015 15:55:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/4266/lingo-media-chief-on-digital-drive-and-growth-prospects-4266.html <![CDATA[News - Lingo Media hails new release of Winnie's World ]]> https://www.proactiveinvestors.com/companies/news/110896/lingo-media-hails-new-release-of-winnie-s-world-110896.html Lingo Media (CVE:LM; OTC:LMDCF), the tech company focused on education, has released its pre-school program 'Winnie’s World' in HTML5L, it told investors.

This is the first title of its Kidsprogram and has cross-platform, multi-browser capability, the group said.

This programme is suitable for pre-readers as it does not need knowledge of the English language.

Winnie’s World also includes lessons on eight different topics, including, numbers, family, colour, clothing, human body, classroom, food, and feelings.

Michael Kraft, the president and chief executive of Lingo Media, said: "Completing the redesign of Winnie’s World marks the achievement of yet another product development milestone and complements our product line to fulfil the needs of the entire student lifecycle.

"Its versatility to be used in a blended learning environment, such as in a classroom setting with a teacher or at home with or without a parent has led to an increase in student learning outcomes.

"The interactive gamification of the program allows students to practice and perfect their English without native English instructors that many countries presently lack, especially at the pre-school level.”

A recent study by the British Council highlights that nearly a quarter of primary schools do not have a teacher with more than a GCSE in modern languages, and almost half do not have access to teaching staff with specialist training in the teaching of languages to young children.

“We recognise the lack of competition in this expansive marketplace for proven pedagogically sound English software for pre-schoolers and are now positioned to aggressively market and sell Winnie’s World to the early childcare market,” added Kraft.

Last month, the company delivered record results in the second quarter of 2015. Revenue more than doubled to C$1.79mln from C$877,879 the year before, while net profit soared to C$979,103 from C$217,633 in the second quarter of last year.

Earnings per share this time round quadrupled to four cents.

The provider of innovative online and print-based technologies and solutions said the engine of growth was the increase in revenue from digital learning, which was an eye-popping 776% or thereabout, year-on-year.

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Thu, 17 Sep 2015 21:10:00 -0400 https://www.proactiveinvestors.com/companies/news/110896/lingo-media-hails-new-release-of-winnie-s-world-110896.html
<![CDATA[News - Lingo Media's growth spurt spurred by digital learning ]]> https://www.proactiveinvestors.com/companies/news/110393/lingo-media-s-growth-spurt-spurred-by-digital-learning-110393.html Lingo Media (CVE:LM; OTC:LMDCF), the technology company focused on the education sector, delivered record results in the second quarter of 2015.

Revenue more than doubled to C$1.79mln from C$877,879 the year before, while net profit soared to C$979,103 from C$217,633 in the second quarter of last year.

Earnings per share this time round quadrupled to four cents.

The provider of innovative online and print-based technologies and solutions said the engine of growth was the increase in revenue from digital learning, which was an eye-popping 776% or thereabout, year-on-year.

"In the quarter, digital revenue as a percentage of total revenue was greater than print-based revenue for the first time in our operating history. This is a direct result of our enhanced sales and marketing effort which led to securing new sales contracts in Colombia, Mexico, Peru and other Latin American markets," said Michael Kraft, president and chief executive officer of Lingo Media.

"The EdTech market for English language learning continues to present us with favourable sales growth opportunities in Latin America and globally,” he added.

Kraft told investors to expect more of the same in the second half in terms of revenue and earnings growth.

"We look forward to providing our shareholders with updates as we continue to achieve sales and earnings’ milestones,” Kraft declared.

Lingo Media has two distinct business units: ELL Technologies and Lingo Learning.

ELL Technologies is a global English language learning online training and assessment company, while Lingo Learning is a print-based publisher of English language learning programs in China.

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Fri, 28 Aug 2015 17:58:00 -0400 https://www.proactiveinvestors.com/companies/news/110393/lingo-media-s-growth-spurt-spurred-by-digital-learning-110393.html
<![CDATA[News - Lingo Media wins contract to teach English in Colombia’s coffee growing hotspot ]]> https://www.proactiveinvestors.com/companies/news/110185/lingo-media-wins-contract-to-teach-english-in-colombias-coffee-growing-hotspot-110185.html After winning a contract to provide English language instruction to the Peruvian navy, ELL Technologies, a subsidiary of Lingo Media (CVE:LM; OTC:LMDCF), has secured another South American client.

One of Colombia’s municipal governments in Palestina, Caldas Department, has picked ELL Technologies to help improve its citizens’ English communications ability, encouraging bilingualism as part of Colombian countrywide social and economic transformation.

As part of the contract, the Palestina municipal government has ordered licences of ELL Technologies’ Campus general English language learning programme – the first ever sale of the product anywhere in Colombia.

The Palestina municipality’s need for English instruction is significant, given that the Caldas department is set in the so-called ‘Triangle of Coffee’ area, where most of Colombia’s coffee is grown and exported.

Palestina’s airport is actually known as "Aeropuerto Internacional del Café", in reference to the importance of this commodity for its economy. It is no wonder then that the municipality is interested in improving its citizens’ English speaking and understanding ability.

Campus is a general English grammar and general communication learning system aimed at young adults from junior middle school through to undergraduates (ages 13 to 22 years). It is also suitable for adult learners, who tend to like the material’s focus on real world lessons that represent a wide variety of media genres and over 350 learning hours, including extensive interactive listening activities.

“Our team continues to work diligently on developing, refining and expanding our digital content library, programme applications and learning tools. With Campus completed and launched, we are able to provide a wider base of learners with a platform to further their language learning development,” said ELL Technologies President and CEO Gali Bar-Ziv.

The Organization for Economic Co-operation and Development (OECD) between 2007 and 2011 observed Colombia’s total education spending to have increased by over 43%.

In 2013, the Colombian government launched a major campaign to encourage Colombians to improve their foreign language skills, placing an emphasis on English and ratifying it with legislation – law number 1651 of 2013.

“We are very excited about the market opportunity for our products in Colombia and believe that the young adults’ market segment has significant growth potential. The Colombian government is arguably the biggest proponent of English language training in Latin America and is firmly committed to investing in the future of its people. Products and services provided by ELL Technologies will empower learners and provide increased quality of education and further accessibility,” said Lingo Media’s President and CEO, Michael Kraft.

English language skills are fundamental for economic growth and for individual professional advancement but Latin America is lagging behind. Individuals and businesses must remain globally competitive; in this context language instruction is critical and studies have shown that companies like Lingo Media have been the key to getting more people to learn English worldwide.

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Fri, 21 Aug 2015 16:32:00 -0400 https://www.proactiveinvestors.com/companies/news/110185/lingo-media-wins-contract-to-teach-english-in-colombias-coffee-growing-hotspot-110185.html