Wednesday, March 24, 2010

Lingo Media Corp. (LMDCF.OB) Appoints Michael O’Connor to Board of Directors

Leading online and print-based English language-learning solutions provider Lingo Media Corp. has appointed Michael O’Connor to its Board of Directors.

With his appointment, Michael O’Connor brings over twenty years of experience in economics, finance and mergers and acquisitions in telecommunications and transportation. Beginning his career at the Economic Council of Canada/School of Policy Studies Queens University, Mr. O’Connor went on to be the founder of the Center for Economic and Financial Analysis, a division of the Science Applications International Corporation (SAIC). SAIC is now one of the largest consultancy companies in the U.S., with over 45,000 employees.

Mr. O’Connor built a private sector practice focusing on Mergers and Acquisitions in telecommunications and transportation as well as designing and implementing sophisticated financial planning tools. After a brief stint as a consultant with Orascom Telecom Holding S.A.E. in 1998, Mr. O’Connor joined the management team as one of the founding members of the Executive Committee. Since the beginning of this endeavor, Mr. O’Connor has led all business development efforts and M&A activities on behalf of Orascom Telecom. This has also included all Greenfield mobile license acquisitions. The total value of these transactions has been well in excess of US $30 billion.

Michal Kraft, President and CEO of Lingo Media, commented, “We are pleased to have Michael O’Connor join our board and welcome him to our team. With a strong background in finance and mergers and acquisitions, Michael is a tremendous resource on which the Lingo Media management team can rely on.”

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