TORONTO, Feb. 25, 2016 /CNW/ - Lingo Media Corporation (TSX-V: LM; OTCQB: 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, is pleased to announce that it has been selected to the 2016 TSX Venture 50® and has been ranked #1 in the Diversified Industries category. Lingo Media achieved the greatest appreciation in both share price, gaining 745%, and in market capitalization, gaining 992%, amongst all 2016 TSX Venture 50® companies.
"We are honoured to be recognized as a 2016 TSX Venture 50® company and to be ranked #1 within the Diversified Industries sector. It is a testament to our corporate vision and determination that we are generating results and exceeding expectations," commented Michael Kraft, President & CEO of Lingo Media. "I would like to take this opportunity to thank our shareholders, customers and partners for their ongoing support and confidence in the Company. I would also like to commend our management team and staff for their focus, commitment and hard work. This TSX Venture 50® recognition adds to our expanding profile in the public markets and we are most appreciative of receiving this distinction," added Mr. Kraft.
The TSX Venture 50® is an annual ranking of the top 10 companies listed on the TSX Venture Exchange (TSXV) in each of five major industry sectors – Clean Technology, Diversified Industries, Mining, Oil & Gas and Technology & Life Sciences. The ranking is comprised of 10 companies from each of the five categories, selected based on a ranking formula with equal weighting given to market capitalization growth, share price appreciation, trading volume and analyst coverage. Visit the TSX Venture 50 website for the full list and video profiles of the 2016 honorees.
About Lingo Media (TSX-V: 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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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
SOURCE Lingo Media Corporation
For further information: Lingo Media, Michael Kraft, President & CEO, Tel: (416) 927-7000 Ext. 23, Toll Free: (866) 927-7011, Fax: (416) 927-1222, Email: firstname.lastname@example.org, To learn more, visit us on the web [ http://lingomedia.com/?utm=pr ]