TORONTO, ON–(September 22, 2016) – Lingo Media Corporation (TSX VENTURE: LM) (OTCQB: LMDCF) (“Lingo Media” or the “Company“), an EdTech company that is ‘Changing the way the world learns English’ through innovative online and print-based technologies and solutions, is pleased to announce the appointment of 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., Mr. Glorieux is an entrepreneurial leader with 16 years of experience in propelling double and triple-digit growth in business-to-business, international software sales.
Prior to joining Lingo Media, Mr. Glorieux was Sales Director, Global Resellers for Rosetta Stone, the market leading $218 million global education-technology developer of language, literacy and brain-fitness software where he built a global strategy, secured partner contracts and specifically led key growth initiatives in emerging markets. Mr. 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.
Michael Kraft, President & CEO of Lingo Media, stated, “We are pleased to have Laurent join the Lingo Media team to lead our growth effort in Asia, North America and the Middle East. Laurent brings to the team a vast and deep understanding of the EdTech industry, building global sales organizations and cultivating channel relationships in markets with major growth potential. Laurent’s transition will be seamless given his entrepreneurial background and successes at Rosetta Stone and Tell Me More S.A. Our team welcomes Laurent and looks forward to working with him.”
Mr. Glorieux commented, “Lingo Media is at a critical inflection point given its growth opportunities in Asia, North America and the Middle East. My 16-year career in Ed-Tech and language software sales allows me to bring many long-term relationships with individuals and enterprises that are potential clients for Lingo Media. Together with the Lingo Media team, we are executing a specific go-to-market strategy to generate new customers and to build the business.”
Lingo Media is a global EdTech company that is ‘Changing the way the world learns English’, developing and marketing products for learners of English through various life stages, from classroom to boardroom. By integrating education and technology, the company empowers English language educators to easily transition from traditional teaching methods to digital learning.
Lingo Media provides both online and print-based solutions through two distinct business units: ELL Technologies and Lingo Learning. ELL Technologies provides online training and assessment for English language learning, while Lingo Learning is a print-based publisher of English language learning programs in China.
Lingo Media has formed successful relationships with key government and industry organizations internationally, with a particularly strong presence in Latin America and China, and continues to both extend its global reach and expand its product offerings.
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Portions of this press release may include “forward-looking statements” within the meaning of securities laws. These statements are made in reliance upon Sections 21E and 27A of the Securities Exchange Act of 1934, which involve known and unknown risks, uncertainties or other factors that could cause actual results to differ materially from the results, performance, or expectations implied by these forward-looking statements. These statements are based on management’s current expectations and involve certain risks and uncertainties. Actual results may vary materially from management’s expectations and projections and thus readers should not place undue reliance on forward-looking statements. Lingo Media has tried to identify these forward-looking statements by using words such as “may,” “should,” “expect,” “hope,” “anticipate,” “believe,” “intend,” “plan,” “estimate” and similar expressions. Lingo Media’s expectations, among other things, are dependent upon general economic conditions, the continued and growth in demand for its products, retention of its key management and operating personnel, its need for and availability of additional capital as well as other uncontrollable or unknown factors. No assurance can be given that the actual results will be consistent with the forward-looking statements. Except as otherwise required by US Federal securities laws, Lingo Media undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changed circumstances or any other reason. Certain factors that can affect the Company’s ability to achieve projected results are described in the Company’s filings with the Canadian and United States securities regulators available on www.sedar.com orwww.sec.gov/edgar.shtml.
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For further information, contact:
Michael Kraft, President & CEO
Tel: (+1) 416-927-7000 Ext. 23
Toll Free: 1-866-927-7011
To learn more, visit us at www.lingomedia.com