Lingo Media Reports Net Income of $631,730 or $0.023 per Share for Third Quarter 2015

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TORONTO, ON--(November 30, 2015) - Lingo Media Corporation (LM:CA) (LMDCF) ("Lingo Media" or the "Company"), an EdTech company that is 'Changing the way the world learns English' through innovative online and print-based technologies and solutions announces its financial results for the third quarter ended September 30, 2015. The Company reported revenue of $1.2 Million and net comprehensive income of $631,730 or $0.023 per share for the quarter. All figures are reported in Canadian Dollars and are in accordance with International Financial Reporting Standards unless otherwise noted.

Michael Kraft, President & CEO of Lingo Media, stated, "Q3-15 is the fourth consecutive profitable quarter for the Company representing revenue growth of 441% and a significant increase in profitability year-over-year for the quarter. It is noteworthy that the revenue and profit in this quarter was almost entirely derived from the rapidly growing digital-learning software division. The legacy text book publishing income is generated throughout the year but is recorded seasonally in Q2 and Q4 as royalty revenues."

Operational Highlights

Michael Kraft continued, "In line with our sales strategy, we have successfully launched our ELL Technologies' suite of software products into the government, educational institution and corporate markets. While Latin America remains our initial market focus, demand is emerging from other regions. The Company is pursuing strategic partnerships for global distribution as part of its plan as the EdTech market for English language learning continues to grow worldwide."

Financial Highlights for the Third Quarter Ended September 30, 2015

Financial Highlights for the Nine Month Period Ended September 30, 2015

The unaudited interim financial statements for the period ended September 30, 2015 and Management Discussion & Analysis are available at www.sedar.com.

About Lingo Media (TSX VENTURE: LM) (OTCQB: LMDCF)

Lingo Media is an EdTech company that is 'Changing the way the world learns English' through the combination of education with technology. The Company provides online and print-based solutions through its two distinct business units: ELL Technologies and Lingo Learning. ELL Technologies is a global English language learning online training and assessment company. 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.

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To learn more, visit us www.lingomedia.com

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



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