TORONTO, ON–(June 01, 2017) – 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 Mr. Gerbrand Nijman as a Director of the Company. Mr. Nijman is the Chief Financial Officer and Executive Director of Global Telecom Holding S.A.E., (an Egypt listed company and a member of the VEON Group, a NASDAQ and Euronext Amsterdam listed global provider of connectivity, serving more than 235 million customers) who have been a significant shareholder of Lingo Media since 2008.
In June 2015, Mr. Nijman was appointed as CFO and Executive Director of Global Telecom Holding S.A.E. (“GTH”). GTH is an international telecommunications company, operating mobile networks in Algeria (“Djezzy”), Pakistan (“Jazz”) and Bangladesh (“Banglalink”). In May 2011, Mr. Nijman joined VEON as Group Director & Head of Investor Relations from AEGON, where he served as Senior Vice President and Head of Investor Relations. Prior to AEGON, which he joined in March 2007, he was Equity Sales Director in Telecommunications at ING and served as Head of Investor Relations at Celtel International, a leading mobile operator in Africa. Before Celtel, Mr. Nijman was Head of Investor Relations of Royal KPN, having previously been the CFO of KPN Wholesale and KPN International. Before joining KPN, he was CFO of the VERDER Group and a business controller with Unilever. Mr. Nijman has a master in Business Science from the University of Amsterdam and is a Chartered Accountant.
“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.”
“I am thrilled to be joining Lingo Media, one of the global leaders in the language learning sector,” said Mr Nijman. He added: “My focus will be to enhance customers’ experience, drive international growth and increase shareholder value.”
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. Forward-looking statements contained in this press release are made pursuant to the safe harbour provisions of the Private Securities Litigation Reform Act of 1995. 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. 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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