Great News Lingo Media to license Editions English program
Ticker Symbol: C:LM
Lingo Media to license Editions English program
Lingo Media Corp (C:LM)
Shares Issued 27,379,177
Last Close 5/20/2015 $0.22
Thursday May 21 2015 - News Release
Mr. Michael Kraft reports
LINGO MEDIA TO EXPAND INTO GLOBAL EDUCATION MARKETS WITH A NEW DIGITAL ENGLISH LANGUAGE LEARNING LIBRARY
Lingo Media Corp. is set to significantly expand its digital English language learning library through a new licensing agreement secured by its subsidiary ELL Technologies. Under the terms of the agreement, the Company will digitize and globally distribute the best-selling general English program in Canada, currently only in print form.
The licensing agreement for the print-based English language learning program called 'Connecting Doors' was signed with Editions Grand Duc, a division of Groupe Educalivres Inc., a Canadian publisher and distributor of educational materials. Once digitization of the program is complete, Lingo Media will release it as a subscription-based service under the brand name 'ELL Campus' to international markets, initially within Asia and Latin America.
"This is another important milestone in our growth initiative," says Michael Kraft, President & CEO of Lingo Media. "ELL Campus and our digital language learning portfolio will provide us with an opportunity to significantly expand our markets internationally and increase our recurring revenue base."Lingo Media's state-of-the-art learning management system is a key feature, allowing the company to market and sell ELL Campus directly to distributors, academic institutions, governments and corporations. Its two leading-edge technology tools, Lesson Builder and Course Builder empower educators, enabling them to easily transition from pure classroom, paper-based teaching to the online world. Those who purchase the Company's programs will be able to easily create, convert, edit, and arrange lessons and courses as they see fit. Lingo Media will retain all rights to user-generated content in order to continuously expand its digital library. Formative assessments and data gathering functionality will further allow the Company to adapt and continuously improve content and program iterations to address any specific problem areas, and ultimately to make the learning experience more accessible, efficient and measurable.
"We are very optimistic about our opportunity to penetrate the Latin American market with our expanded online content combined with our innovative learning platform and technology tools,"says Kraft."We have already started our market expansion and have entered into advanced discussions with Latin American distributors and end users who see the value in our growing suite of English language learning programs."
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