TORONTO, ON–(Marketwired – July 13, 2015) – Lingo Media Corporation (TSX VENTURE: LM) (OTCQB: LMDCF) (“Lingo Media” or the “Company“), an EdTech industry company that is ‘Changing the way the world learns English’ combining education with technology, announces all matters were approved at the Company’s annual general meeting of shareholders (the “AGM”) held in Toronto on July 9, 2015.
The shareholders re-elected Messrs. Hon. Jerry Grafstein, Martin Bernholtz, Michael Kraft, Scott Remborg and Tommy Weibing Gong as directors of the Company and Hasan Helmy did not stand for election.
In addition, shareholders also approved the reappointment of Collins Barrow Toronto LLP, Chartered Accountants as auditors.
Subsequent to the AGM, the directors held a board meeting and reappointed Michael Kraft as President & CEO, Khurram Qureshi as Chief Financial Officer and Gali Bar-Ziv as Chief Operating Officer.
The details of the matters approved at the AGM are set forth in Lingo Media’s Information Circular dated June 8, 2014 and posted on SEDAR at www.sedar.com.
About Lingo Media (TSX VENTURE: LM) (OTCQB: LMDCF)
Lingo Media (www.lingomedia.com) is an ESL EdTech industry acquisition company that is ‘Changing the way the world learns English‘ combining 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 an emerging international English language learning multi-media, 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.
Follow Lingo Media On:
Facebook: https://www.facebook.com/LingoMedia
Twitter: https://twitter.com/LingoMediaCorp
RSS: http://feeds.feedburner.com/LingoMedia
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.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
For further information, contact:
Lingo Media
Michael Kraft
President & CEO
Tel: (416) 927-7000 Ext. 23
Toll Free: (866) 927-7011
Fax: (416) 927-1222
Email: mkraft@lingomedia.com
To learn more, visit: www.lingomedia.com
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