Earlier this week, Lingo Media
Corporation (OTCQB: LMDCF) (TSX-V: LM), an EdTech company using innovative
online and print-based technologies and solutions to change the way the world
learns English, announced that it will be presenting at the upcoming World
Outlook Financial Conference 2016, which will be held January 29-30 at the
Westin Bayshore Hotel in Vancouver. The company will also host a booth at the
conference in order to provide attendees with an opportunity to meet and speak
with the Lingo management team.
The World Outlook Financial
Conference is sponsored by MoneyTalks, a popular radio show hosted by Michael
Campbell. For over three decades, MoneyTalks has been offering unique and
valuable insight to Canadian investors, and the show currently boasts more than
half a million weekly listeners. The conference is expected to be attended by
hundreds of pre-qualified, high net worth investors and active market
participants looking to meet with exhibitors. Lingo will have an additional
opportunity to reach these investors as one of four top-performing companies
invited to make presentations at the conference’s VIP Small-Cap Luncheon.
In recent quarters, Lingo has
recorded strong financial growth on the back of an aggressive expansion
campaign throughout Latin America. During the quarter ended September 30, 2015,
the company achieved its fourth consecutive profitable quarter, along with a
441 percent year-over-year increase in total revenue. This growth is
particularly noteworthy, because it was derived primarily from Lingo’s rapidly
expanding digital-learning software division. The company’s legacy textbook
publishing income, which stems from exclusive agreements with key government
and industry partners in China’s expansive education market, is recorded
seasonally, in Q2 and Q4, as royalty revenues.
Moving forward, Lingo plans to
build on its recent progress by expanding its presence throughout Latin America
while actively pursuing opportunities in other regions around the globe. This
strategy is expected to play a key role in the company’s efforts to continue
promoting sustainable returns in the months to come.
“While Latin America remains our
initial market focus, demand is emerging from other regions,” Michael Kraft,
president and chief executive officer of Lingo, stated in a news release. “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.”
For more information on the
company, visit www.lingomedia.com
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