TORONTO, ON–(March 30, 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 hiring of Luis Ortiz. Mr. Ortiz comes to the Company with more than 20 years of experience in sales and sales management in Latin America where he has been instrumental in delivering significant sales growth for his previous employers, Wi-LAN Inc. and SMART Technologies.
Mr. Ortiz joins the Company’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. “We are very pleased to have such an experienced professional join the ELL Technologies team. Luis brings tremendous talent and a deep understanding of how to build out sales channels in Latin America,” said Gali Bar-Ziv, Lingo Media COO. “We are confident that Luis will provide great value to our prospects and customers.”
Most recently with SMART Technologies, Mr. Ortiz developed and implemented a successful channel program for Latin America that led the company to increase regional sales by over 100% per 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. Mr. 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.
“I am very excited to join the ELL Technologies team. The current and upcoming solutions offering by the company are market-leading technologies that become more relevant as the Latin American education market grows,” said Mr. Ortiz. “‘These solutions represent an outstanding revenue opportunity for distributors and I look forward to driving sales growth by increasing and strengthening our distributor network in the region.”
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.
To learn more, visit us at www.lingomedia.com
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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 or www.sec.gov/edgar.shtml.
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