Lingo Media Shareholders Approve All Matters at Annual Meeting & Elect Robert Martellacci as a New Director

TORONTO, Dec. 12, 2017 – Lingo Media Corporation (TSX-V:LM) (OTCQB:LMDCF) (“Lingo Media” or the “Company”), a global provider of digital and print-based English language learning solutions, announces that all matters were approved at the Company’s annual and special shareholders meeting held on December 8, 2017 (the “Annual Meeting”).

The shareholders elected Messrs. Robert Martellacci, Hon. Jerry Grafstein, Martin Bernholtz, Tommy Weibing Gong, and Michael Kraft as directors of the Company at its annual and special meeting. Mr. Gerbrand Nijman did not stand for re-election and the Company would like to thank him for his support and contributions during his term as a director.

Robert Martellacci is the founder and president of Canada’s leading EdTech strategy, news and events company, MindShare Learning Technology since 2002 and President and Co‑Founder, C21 Canada—Canadians for 21st Century Learning & Innovation. He brings more than 30 years of expertise to the K-12, post-secondary and lifelong learning environments. Mr. Martellacci draws on his experience as a university administrator, where he specialized in sport marketing, public relations and business development at York University.  As a passionate lifelong learner, Robert augmented his expertise as a Phi Delta Kappa graduate of Pepperdine University Master’s in Education Technology which inspired the creation of the MindShare Learning Report – Canada’s Leadership, Learning & Technology eMagazine. His international scope includes Australia, the Middle East, South America, the United Kingdom and the United States and his board appointment to ASPIC (Applications Service Provider Industry Consortium) Americas Committee reflects his global connectiveness and leadership in the industry.

“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 & CEO of Lingo Media.

Shareholders approved the reappointment of RSM Canada, Chartered Professional Accountants (formerly Collins Barrow Toronto LLP) as auditors.  Also, shareholders approved the amendment of Lingo Media’s stock option plan, to increase the number of stock options issuable under the plan by 2,997,204 common shares to 7,105,838 common shares.

The directors held a board meeting subsequent to the Annual Meeting and reappointed Michael Kraft as President & CEO, Khurram Qureshi as Chief Financial Officer and Gali Bar-Ziv as Chief Operating Officer. In addition, the board of directors has approved the grant of 2,740,000 incentive stock options to directors and officers of the Company. The options have an exercise price of $0.20 per share and are all subject to time release vesting provisions in addition to certain performance milestones for stock options issued to management. All options carry a three-year term.

The details of the matters approved at the Annual Meeting are set forth in Lingo Media’s Information Circular dated December 8, 2017 and posted on SEDAR at www.sedar.com.

About Lingo Media (TSX-V:LM) (OTCQB:LMDCF)

Lingo Media is a global provider of best-in-class digital and print-based English language learning solutions that are ‘Changing the way the world learns English.’

Developed for learners of English at every level, Lingo Media’s ELL Technologies products combine a vast content library with proprietary technology. ELL Technologies’ intuitive dashboards enable students to track and manage their progress, and allow teachers to organize and interact with students, providing ongoing support. Lingo Media’s Lingo Learning division is a print-based publisher of English language learning programs in China.

Lingo Media’s product and program are marketed through established sales channels to key education, government and business organizations in Latin America and China and continues to extend its global reach and expand its product offerings.

Follow Lingo Media On:                                                                 

Facebook: https://www.facebook.com/LingoMedia
Twitter:     @LingoMediaCorp
YouTube:   https://www.youtube.com/lingomedialm
LinkedIn:  https://www.linkedin.com/company/lingo-media-corporation
RSS:         http://feeds.feedburner.com/LingoMedia

For further information, contact:
Lingo Media 

Michael Kraft, President & CEO
Tel: 416 927-7000 Ext. 23
Toll Free: 866 927-7011
Email: mkraft@lingomedia.com
To learn more, visit us at www.lingomedia.com

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 or www.sec.gov/edgar.shtml.

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