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Lingo Media Corp
Symbol LM
Shares Issued 35,529,192
Close 2018-04-23 C$ 0.115
Market Cap C$ 4,085,857
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Lingo Media subsidiary closes two sales contracts

2018-04-24 10:08 ET - News Release

Mr. Michael Kraft reports

LINGO MEDIA CLOSES INITIAL SALES CONTRACTS WITH GALE, A PART OF CENGAGE LEARNING

Lingo Media Corp.'s wholly owned subsidiary, ELL Technologies Ltd., has secured sales contracts with two leading universities in Thailand for its Gale Lingo program, through its distribution partnership with Gale, a part of Cengage Learning.

These are the first sales contracts resulting from Lingo's partnership with Gale, which provides Gale the rights to market, distribute and sell ELL Technologies' scholar program to the higher education library market under the Gale Lingo brand.

"These sales contracts extend our footprint into Thailand as we expand our distribution partnership with Gale," said Gali Bar-Ziv, chief operating officer of Lingo Media. "We look forward to working with these educational institutions as we implement Gale Lingo into their college and university library systems."

ELL Technologies will provide its Gale-Lingo program to Chulalongkorn University and Thammasat University, both of which are located in Bangkok, Thailand. With 19 faculties, colleges and research institutes, and a current population of 38,000 students, Chulalongkorn University is ranked as a top university in Thailand. Thammasat University is ranked fifth with more than 25 faculties, colleges and research institutes, and approximately 36,000 students.

About Lingo Media Corp.

Lingo Media is a global provider of best-in-class digital and print-based English-language learning solutions that are changing the way the world learns English.

Developed for learners of English at every level, Lingo Media's ELL Technologies products combine a vast content library with proprietary technology. ELL Technologies' intuitive dashboards enable students to track and manage their progress, and allow teachers to organize and interact with students, providing continuing support. Lingo Media's Lingo Learning division is a print-based publisher of English-language learning programs in China.

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