Toronto, Canada, July 23, 2015 – Lingo Media Corporation (TSX-V: 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 that its subsidiary, ELL Technologies Ltd. (“ELL Technologies”), has entered into an agreement to provide services to Sistema Corporativo Proulex-Comlex (“Proloux”), a subsidiary of the University of Guadalajara, Mexico.
Students who complete ELL Technologies’ online English language programs (Scholar, Campus, or Master) will receive a certificate of completion endorsed by Proloux including a seal of approval. The partnership allows ELL Technologies to offer its courses along with the Proloux certification. This certification provides employers, professional associations and other accredited institutions of higher education throughout Latin America beyond Mexico, with a written validation of proven effectiveness of the courses.
“As part of our strategy to enter the Latin American market, it was crucial that we partnered with a recognized university as a validation of our unique learning products and services,” stated Gali Bar-Ziv, President & CEO of ELL Technologies. “Our working relationship with the second largest academic institution in Mexico, the University of Guadalajara and its subsidiary Proloux, advances our position within the Latin American market as it presents immense growth opportunities for our company.”
The partnership enables ELL Technologies to offer for sale multiple options including assessments of the students’ written and speaking skills by the University of Guadalajara’s professionals, in addition to certificates of completion.
Students attending English Language Training (“ELT”) classes in Latin America accounted for approximately 14% of worldwide revenues, or $321 million in 2013. Growth has been very rapid in the region, and represents a particularly strong opportunity moving forward relative to other geographic regions. The remaining market for ELT is largely concentrated in Europe, the Middle East and Africa (45% of revenues or $1.036 billion) and the Asia Pacific region (35% of revenues or $825 million).
About Lingo Media (TSX-V: LM; OTC BB: LMDCF)
Lingo Media (www.lingomedia.com) is an EdTech company that is ‘Changing the way the world learns English‘ through the combination of education with technology. The Company is focused on online and print-based technologies and solutions through its two distinct business units: ELL Technologies and Lingo Learning. ELL Technologies is a global English language learning online training and assessment company creating new learning platforms (www.elltechnologies.com). 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, establishing a strong presence in China’s education market of more than 300 million students. The Company is extending its global reach, with an initial market expansion into Latin America and continues to expand its product offerings and technology applications.
For further information, please contact:
Michael Kraft, President & CEO
Tel: (416) 927-7000 Ext. 23
Toll Free: (866) 927-7011
Fax: (416) 927-1222
To learn more, visit: www.lingomedia.com