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LINGO MEDIA CORPORATION

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Lingo Media : Everybody Loves Languages Bolsters its Offerings with the Ola App for English

06/17/2021 | 01:44pm EDT

English-language learning students can practice speech and perfect pronunciation from the comfort of their own homes with Ola.

Toronto, Canada, June 17, 2021- Lingo Media Corporation (TSXV: LM) (OTC: LMDCF) (FSE: LIMA) ('Lingo Media') subsidiary, ELL Technologies Ltd.,DBA as Everybody Loves Languages ('Everybody Loves Languages' or the 'Company'), an EdTech company that is 'building a multilingual world' through innovative online technologies and solutions, announced the release of Ola, a mobile app developed to help English-language learners perfect their speaking skills. Ola provides over 200 hours of speaking practice and is offered to all Everybody Loves Languages' English students.

Using one of the largest digital content libraries in the world, the Ola app delivers effective and practical learning exercises for users who are on the go. The app's speech recognition technology allows students to analyze pronunciation and simulate real-life conversation scenarios with characters modeled using audio from native English speakers.

'With Ola, Everybody Loves Languages strengthens its track record as an innovator in English-language learning,' said Gali Bar-Ziv, President & CEO of Lingo Media. 'Ola, which means wave in Spanish, represents the continuous endeavor and fluidity of language-learning. The app uses AI-based feedback to support students in mastering a new language. It caters to the convenience that modern learners expect from their mobile devices, allowing them to learn from wherever they are.'

The app launched with two major features, Speak2Me and Studio. Using Speak2Me, students can select their skill level, choose an avatar, and have a dialogue with their virtual conversation partner, Lucy. The second feature, Studio, allows students to perfect their pronunciation skills and expand their vocabulary through repetition of simple phrases. Both features provide students with color-coded feedback, indicating where they did well and where they can improve. 'For many students, speaking is the most dreaded part of learning a new language,' said Mark Beyer, Director of Pedagogy at Everybody Loves Languages. 'The issue is further complicated with online learning, where students can't always find opportunities to practice with their peers. The Ola App helps students with self-study, providing them with additional support while also allowing teachers to monitor their progress via our LMS.'

Bolstered by decades of expertise within the product innovation team at Everybody Loves Languages, Ola leads the industry with its comprehensive approach to learning beyond the classroom. For more information about the Ola App, visit olalearn.com.

About Everybody Loves Languages

ELL Technologies Ltd., also known as Everybody Loves Languages, is a language-learning company based in Toronto, Canada. With over 25 years of experience in EdTech, ELL is on a mission to build a multilingual world, using state-of-the-art technology and first-class language-learning content and methodology. Its programs provide innovative SaaS-based eLearning solutions including assessments, online and offline content, real-time reports, speech recognition technology and white-label tools. Through more than 2,500 hours of content in English, Spanish, Mandarin, French and Portuguese, ELL aims to connect people around the world not just through languages, but through the journey of learning them.

Follow Everybody Loves Languages On:

Facebook: https://www.facebook.com/ELLTechnologies/
LinkedIn: https://ca.linkedin.com/company/elltechnologies
Twitter: https://twitter.com/ELLTechnologies

About Lingo Media (TSXV: LM) (OTC: LMDCF) (FSE: LIMA)

Lingo Media is a global EdTech company that is 'Changing the way the world learns languages', developing and marketing products for learners of new languages through various life stages, from classroom to boardroom. By integrating education and technology, the company empowers language educators to easily transition from traditional teaching methods to digital learning.

Lingo Media provides both online and print-based solutions through two distinct business units: Everybody Loves Languages and Lingo Learning. Everybody Loves Languages provides online training and assessment for language learning, while Lingo Learning is a print-based publisher of English language learning programs in China.

Lingo Media has established successful relationships with key government and industry organizations internationally, with a presence in Latin America, Chinaand the U.S., and continues to both extend its global reach and expand its product offerings.

Follow Lingo Media On:

Facebook: https://www.facebook.com/LingoMedia
Twitter: https://twitter.com/LingoMediaCorp
YouTube: https://www.youtube.com/lingomedialm
LinkedIn: https://www.linkedin.com/company/lingo-media-corporation
RSS: http://feeds.feedburner.com/LingoMedia

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:

Lingo Media:
Nathalia Nascimento
Director of Marketing
Tel: 226-929-0203
Email: investor@lingomedia.com

To learn more, visit us at www.lingomedia.com

Disclaimer

Lingo Media Corporation published this content on 17 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 June 2021 17:43:08 UTC.


ę Publicnow 2021
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Financials
Sales 2020 2,10 M 1,68 M 1,68 M
Net income 2020 1,11 M 0,89 M 0,89 M
Net cash 2020 1,12 M 0,90 M 0,90 M
P/E ratio 2020 2,50x
Yield 2020 -
Capitalization 3,02 M 2,41 M 2,41 M
EV / Sales 2019 1,88x
EV / Sales 2020 0,73x
Nbr of Employees -
Free-Float 87,6%
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Managers and Directors
Gali Bar-Ziv President, Chief Executive Officer & Director
Khurram R. Qureshi Chief Financial Officer, Secretary & Treasurer
Michael Paul Kraft Chairman
Tommy Weibing Gong Independent Non-Executive Director
Jerahmiel Samson Grafstein Independent Non-Executive Director