English-language learning group Lingo Media Corp (CVE: LM) has secured another contract in Colombia - this time with Bogota-based Focus Your Mind for a new online training program, sending shares up.
The deal has been secured via Lingo Media's subsidiary's (ELL Technologies) distributor and means Focus Your Mind has purchased licences to work towards launching the new program called Focus Campus.
Focus Your Mind has developed a pedagogy and learning model and has a chain of 33 learning institutions across Latin America.
Focus Campus is designed to create an immersive English language learning experience through culture that goes beyond the Real Scene product line currently used by Focus Your Mind students.
"We are very pleased to have entered into a strategic alliance with Focus Your Mind," said Gali Bar-Ziv, the chief excecutive of ELL Technologies.
"ELL Technologies has the opportunity to increase our penetration much further into their student base of 120,000+ users and to develop other programs in partnership with and for Focus Your Mind, such as using Winnie's World for their pre-school market.
"Recently, we have secured several sales contracts in Colombia as our ongoing sales and marketing efforts with our distributor network are starting to pay off."
Pedro Chia Diaz, general administrative manager of Focus Your Mind, added: "After thoroughly testing and running trials with ELL Technologies' suite of software, it became apparent that by integrating their technology and our content from Real Scene into our curriculum, the outcomes for our users would be greatly enhanced. We are looking forward to the start of a long-lasting relationship."
Lingo Media shares in Toronto shot up nearly 43%% to C$0.15.