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Lingo Media Shareholders Approve All Matters at AGM(July 19, 2012)
TORONTO, ONTARIO -- (Marketwire) -- 07/19/12 -- Lingo Media Corporation (TSX VENTURE:LM)(OTCBB:LMDCF) ("Lingo Media" or the "Company"), an ESL industry acquisition company that is Changing the way the world learns English, announces all matters were approved at the Company's annual general meeting of shareholders held in Toronto on June 28, 2012.
The shareholders re-elected Messrs. Anton Telegin, Hon. Jerry Grafstein, Michael Kraft, Scott Remborg and Tommy Weibing Gong as directors of the Company. Anthony Lacavera, Ashesh Shah, Michael O'Connor, and Michael Stein did not stand for re-election and Lingo Media wishes to thank them for their support and contributions during their terms as directors. In addition, shareholders also approved the reappointment of Collins Barrow Toronto LLP, Chartered Accountants as auditors.
The directors held a board meeting post the AGM and reappointed Michael Kraft as President & CEO, Khurram Qureshi as Chief Financial Officer and Gali Bar-Ziv as Chief Operating Officer.
The details of the matters approved at the Meeting are set forth in Lingo Media's Information Circular dated May 29, 2012 and posted on SEDAR at www.sedar.com.
About Lingo Media (TSX VENTURE:LM)(OTCBB:LMDCF)
Lingo Media Corporation (www.lingomedia.com) is an ESL industry acquisition company that is Changing the way the world learns English, focused on English language learning ("ELL") on an international scale through its four distinct business units: ELL Technologies; Parlo; Speak2Me; and Lingo Learning. ELL Technologies is a globally-established ELL multi-media and online training company marketed under the Q Group brand (www.elltechnologies.com). Parlo is a fee-based online ELL training and assessment service (www.parlo.com). Speak2Me is a free-to-consumer advertising-based online ELL service in China (www.speak2me.cn). Lingo Learning is a print-based publisher of ELL 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 continues to expand its ELL offerings and is extending its reach globally.
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.
Lingo Media Corporation
President & CEO
(416) 927-7000 Ext. 23 or Toll Free: (866) 927-7011
(416) 927-1222 (FAX)
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