TORONTO, ON–(August 17, 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 that its wholly-owned subsidiary, ELL Technologies Ltd. (“ELL Technologies“), has secured a sales contract with CERTUS, the leading banking, business and finance educational institution in Peru.
In July 2016, Telefónica Educación Digital S.L.U. (“Telefónica“), a distribution partner of ELL Technologies in Peru signed an inter-institutional agreement with CERTUS, to promote digital education to their students through the delivery and implementation of Scholar program, a virtual English-language teaching platform. Among the 800 educational institutes in Peru, CERTUS is a differentiator in the higher education sector with its deployment of the latest technologies to enhance the educational experience for all its staff and students. CERTUS has more than 25,000 students across campuses in Lima, Arequipa and Chiclayo.
“Our partnership with Telefonica in Peru is based on their commitment to promoting and advancing the digital transformation of education in Peru,” commented Gali Bar-Ziv, COO of Lingo Media. “This contract is a resounding example of what this partnership can achieve and it is a strong endorsement of our software, to be adopted by CERTUS, a leader in Peru’s education sector.”
“Telefónica promotes digital education and offers its support to institutions to meet the new challenges that have an impact on learning by establishing collaborative spaces that contribute to the digital transformation of education in Peru,” said José Olaechea, Manager of Education & Health at Telefonica. “Telefónica is committed to the digital revolution and to the development of innovative services with its sights on becoming a ‘Onlife Telco’.”
Inés Althaus, General Manager of CERTUS, stated, “Nowadays in the commercial and business world, the importance of language learning, especially English, has ceased to be an alternative and has become a necessity of professional formation. The alliance will enable us to access quality education with an appropriate environment at a reasonable price.”
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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