TORONTO, ONTARIO--(Marketwire - Nov. 28, 2012) -Lingo Media Corporation(TSX VENTURE:LM)(OTCBB:LMDCF) ("Lingo Media" or the "Company"), an ESL industry acquisition company that is Changing the way the world learns English, is pleased to announce it has been awarded the silver prize as Outstanding SME at the Canada China Business Excellence Awards. The award was formally conferred on Tuesday November 27, 2012 at a ceremony in Montreal, Canada, attended by dignitaries including His Excellency the Right Honourable David Johnston, Governor General of Canada, and His Excellency Zhang Junsai, Ambassador of People's Republic of China. The Outstanding SME award officially recognizes the enterprise that best exemplifies the innovative inclusion of China in its growth and overall strategies.
Lingo Media was selected over many other applicants based on its exceptional achievements in the China marketplace. In business just over a decade in the English language learning industry, the Company has already co-published more than 400 million text books and supplemental learning products in China through a milestone partnership with China's State Ministry of Education's, People's Education Press. In addition, Lingo Media has successfully transitioned into digital media with the acquisitions of Speak2Me Inc., a free-to-consumer advertising-based online English language learning service in China; Parlo Corporation, a fee-based online English language training and assessment service; and ELL Technologies Limited, a globally-established English language multi-media and online training company.
"We are honoured to receive this important award that stimulates entrepreneurship while it recognizes our hard work in the China marketplace," says Michael Kraft, President & CEO of Lingo Media. "Going forward, I am confident that our unique approach to technology, proven ability to deliver superior learning solutions, and strong business relationships will secure our position as a top tier provider of both print and digital-based products and services for English language learning in China and abroad."
In the winner selection process, consideration was also given to an SME's future plans. For Lingo Media, this includes leveraging the expansion of our online applications in China, continuing to bring accessible services to the market with advanced technology that allow self assessment, and the development of a pioneering speech recognition tool and robotic tutors to help students to eradicate accents.
"Lingo Media's innovative China strategies have culminated in the success of the company's growth and have significantly improved the firm's competitive edge," says Sarah Kutulakos, Executive Director of the Canada China Business Council. "Its extraordinary commitment and outstanding accomplishment is applauded and admired by the award adjudicators, industry peers and the entire CCBC membership."
About Lingo Media (TSXVENTURE:LM)(OTCBB:LMDCF)
Lingo Media Corporation (www.lingomedia.com) is an ESL industry acquisition company that is Changing the way the world learns English, focused on English language learning on an international scale through its four distinct business units: ELL Technologies; Parlo; Speak2Me; and Lingo Learning. ELL Technologies is a globally-established English language multi-media and online training company marketed under the Q Group brand (www.elltechnologies.com). Parlo is a fee-based online English language training and assessment service (www.parlo.com). Speak2Me is a free-to-consumer advertising-based online English language learning service in China (www.speak2me.cn). 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 continues to expand its English language learning offerings and is extending its reach globally.
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.