Dallas, Texas (August 4, 2011) – StockGuru Shines its Spotlight on Lingo Media Corporation (TSX VENTURE:LM) (OTCBB:LMDCF) (“Lingo Media”), a leader in online and print-based English language learning solutions and the iGroup (Asia Pacific) Limited (“iGroup”), a leading distributor of digital and print research information in the Asia Pacific region with 26 offices spanning 13 countries. The Company announced yesterday the signing of an agreement that will significantly widen Lingo Media’s marketing and distribution reach in 15 Asia Pacific markets. The Company closed on August 3, 2011, at $07413, trading in a fifty-two week range of $0.99 – 0.385.
Under the terms of the agreement, the iGroup will exclusively represent Lingo Media for an initial 3 year term in the marketing and sales of its products and services to students, academics, educators, librarians, research professionals, scientists and institutional customers in healthcare, government, research, and corporate markets in the following countries: Australia, China, Hong Kong, Indonesia, Japan, Korea, Macau, Malaysia, Myanmar, New Zealand, Philippines, Singapore, Taiwan, Thailand, and Vietnam. The Lingo Media products to be sold by iGroup will include those of its wholly-owned subsidiaries ELL Technologies and Parlo, which offer reading, writing and listening along with spoken English solutions.
Michael Kraft, President & CEO of Lingo Media, said: “This wide-ranging agreement with the iGroup, a highly successful company with deep roots in Asia Pacific, represents another significant distribution milestone in our strategy of selling our products globally in partnerships with companies with wide marketing and sales networks. After more than 3 years of product development internally and through external acquisitions, Lingo Media has entered a promising new stage where we are driving revenue. We are confident that this strategic distribution partnership will enhance our top line sales along with a bottom-line for the benefit of our shareholders. This deal with the iGroup follows our recent agreement with Chinese computer giant, Lenovo, to install Lingo software on millions of computers sold in China. We are hitting our distribution milestones to be followed by revenue milestones as we pursue our mission of Changing the Way the World Learns English.”
Pote N. Lee, CEO of the iGroup, said: “As the Asia Pacific region continues to develop the world’s most advanced information technology, the iGroup is confident that our partnership with the Lingo Media will significantly enhance the range of services we offer to institutions and individuals in the fields of science, medicine, and academia. Lingo Media, a pioneer in the training and teaching of English on-line and by conventional text book publishing in China, understands the needs of our markets. The iGroup’s sales and distribution networks are going to significantly broaden the reach of Lingo Media’s products as English becomes a pillar of business success in the global economy. This partnership with Lingo Media is a win-win for both companies as we grow our businesses in Asia Pacific.”
About The iGroup
For over twenty five years, the iGroup (Asia Pacific) Limited and its subsidiaries have worked with publishers and libraries to bring research information to the desks of academics, students, educators, scientists and research professionals. The iGroup is a leading distributor of print and digital research information in the Asia Pacific region, including books, research databases, ebooks and ejournals with an estimated 1,000 institutional customers. The iGroup consists of several companies prominent in the Asia Pacific information industry with a total staff force of approximately 600 people with 26 offices in 13 countries. It represents many of the world’s best publishers, especially those publishing in the science, technology, medical and business fields.
About Lingo Media (TSX VENTURE:LM)(OTCBB:LMDCF)
Lingo Media Corporation (www.lingomedia.com) is a diversified online and print-based education products and services company focused on English language learning (“ELL”) on an international scale through its four distinct business units: ELL Technologies; Parlo; Speak2Me; and Lingo Learning. ELL Technologies is a globally-established ELL multi-media and online training company marketed under the Q Group brand (www.elltechnologies.com). Parlo is a fee-based online ELL training and assessment service (www.parlo.com). Speak2Me is a free-to-consumer advertising-based online ELL service in China (www.speak2me.cn). Lingo Learning is a print-based publisher of ELL 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 ELL offerings in China 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.
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
To view this StockGuru Spotlight, please visit: http://stockguru.com/category/latest-spotlights/
To get free alerts on this and other similar stocks, please register here:
What is the StockGuru Spotlight?
Many companies covered in The StockGuru Spotlight have positive increases in both volume and share price. While this is not true in all cases, StockGuru strives to cover companies in The StockGuru Spotlight that are worth of our readers’ attention.
StockGuru looks for potential break-out candidates in The StockGuru Spotlight. Many of these companies have had recent news and appear to be getting the attention of investors. StockGuru does not typically feature companies in The StockGuru Spotlight that are compensating StockGuru for this coverage. There are times when StockGuru covers a stock in The StockGuru Spotlight that had previously compensated Stockguru. Where that is the case, a proper disclosure is included below. StockGuru and its partners, employees and writers never hold shares, short positions, warrants or any other current position in a stock featured in The StockGuru Spotlight.
To feature a company in The StockGuru Spotlight please contact the Publisher at [email protected]. If our reader is a key person for a publicly traded company, StockGuru can consider that company for either a StockGuru Spotlight or a StockGuru Profile. Please contact the StockGuru Publisher John Pentony at this email address: [email protected].
Stockguru.com (“SG”) provides its members with the latest news, press releases, and trade alerts for all the companies highlighted on the site StockGuru.com. SG utilizes information believed to be reliable herein prepared all material. The information contained herein is not guaranteed by SG to be accurate, and should not be considered to be all-inclusive. The owner, publisher, editor and their associates are not responsible for errors and omissions. SG encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and SG makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies or the information contained herein. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. SG is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on http://www.Stockguru.com or mentioned herein.
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected”, “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and SG undertakes no obligation to update such statements. StockGuru is occasionally compensated for coverage. When this is the case, SG clearly indicates this with a disclosure of all compensation received in the past and present. Additionally SG also discloses any anticipated compensation in the future. Compensation is typically in cash. Sometimes a company pays SG in restricted shares. Pentony Enterprise and its associated companies does not take free trading shares for any reason at anytime. StockGuru is not a registered investment adviser or a broker-dealer. StockGuru makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.
John Pentony, Publisher, Stockguru.com
Tel: +1 469 252 3031
e-mail: [email protected]