Dallas, Texas (November 30, 2011) – StockGuru Shines its Spotlight on Lingo Media Corporation (TSX-V: LM)(OTCBB: LMDCF) a leader in online and print-based English language learning solutions, announced yesterday its financial results for the third quarter ended September 30, 2011. All figures are reported in Canadian Dollars, and are in accordance with International Financial Reporting Standards unless otherwise noted. The Company closed on November 29, 2011, at $0.35, trading in a fifty-two week range of $0.99 – 0.35.
Product Development Milestones:
|Loss from Operations||$||(987,983||)||$||(951,927||)|
|Total Comprehensive Loss||$||(999,551||)||$||(1,047,165||)|
The financial statements for the nine months ended September 30, 2011 and accompanying Management Discussion & Analysis are available at www.sedar.com.