checkAd

     1392  0 Kommentare Lingo Media Reports Second Quarter 2017 Results

    TORONTO, ON--(Marketwired - August 25, 2017) - Lingo Media Corporation (TSX VENTURE: LM) (OTCQB: LMDCF) (FRANKFURT: LIMA) ("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, announces its financial results for the second quarter ended June 30, 2017. All figures are reported in Canadian Dollars and are in accordance with International Financial Reporting Standards unless otherwise noted.

    "We are excited about the merger transaction with Schoold and embarking on a $550 billion new category in the US higher education industry for Lingo Media. We have identified significant opportunities to cross-sell our respective products and services. With the collaboration between the management of Lingo and Schoold, we are confident we can deliver revenue and costs synergies and deliver value for our shareholders. We look forward to closing the merger," said Michael Kraft, President & CEO of Lingo Media.

    Operational Highlights

    • entered into a strategic alliance with HP Inc. (NYSE: HPQ) for Latin American to market and sell ELL Technologies' suite of learning programs to HP's customer base, channel partners and through their education portal
    • continued to market and sell, English For Success, a series of lessons and activities derived from ELL Library as a premium solution for governments and educational institutions
    • completed the development of ELL Technologies' new online Mandarin course
    • advanced the Spanish localization of English For Success program

    Corporate Highlights

    • appointed Gerbrand Nijman, who is the CFO and a member of the board of directors of Global Telecom Holding S.A.E. (a subsidiary of VEON Group) to the board of Lingo Media
    • advanced due diligence and negotiations with Schoold on a merger transaction and a definitive merger agreement was signed post the quarter-end

    "We have invested more than $1.5 million over the past six-months in our digital content library to drive sales growth. In addition, we are expanding our market reach within Latin America through our existing channel partners and our recent partnership with HP Inc.," added Michael Kraft.

    Seite 1 von 5



    Verfasst von Marketwired
    Lingo Media Reports Second Quarter 2017 Results TORONTO, ON--(Marketwired - August 25, 2017) - Lingo Media Corporation (TSX VENTURE: LM) (OTCQB: LMDCF) (FRANKFURT: LIMA) ("Lingo Media" or the "Company"),an EdTech company that is 'Changing the way the world learns English' through innovative …