TORONTO, Nov. 19, 2021 /CNW/ - Lingo Media
Corporation (TSXV: LM) (OTC: LMDCF) (FSE: LIMA) ("Lingo Media") an EdTech
company that is 'Building a multilingual world' through innovative
online announces the results of its Annual Meeting of Shareholders
(the "Annual Meeting") held in Toronto on November
16, 2021.
At the Annual Meeting, the shareholders have re-elected Messrs.
Gali Bar-Ziv, Michael Kraft, Robert
Martellacci, Laurent Mareschal, Hon. Jerry Grafstein and Tommy Weibing Gong as directors of the
Company.
In addition, shareholders also approved the re-appointment of
RSM Canada LLP, Chartered Professional Accountants as
auditors.
The directors held a board meeting subsequent to the Annual
Meeting and re-appointed Gali
Bar-Ziv as President & CEO and Khurram Qureshi as Chief Financial Officer. In
addition, the Board appointed Khurram
Qureshi as a Director. Mr. Qureshi brings over 25 years of
experience in the field of accounting and corporate finance. He
qualified as a Chartered Professional Accountant in 1990 and has
held senior positions with several small to medium-size public
companies. Mr. Qureshi has been a key member on several merger and
acquisition teams. He is a senior partner at CQK Chartered
Accountants LLP.
Michael Kraft notified the
Company of his intention to retire from the Company's board of
directors for personal reasons, effective immediately. Mr. Kraft
did not advise the Company of any disagreement on any matter
relating to its operations, policies, or practices. The board of
directors and management of Lingo Media would like to thank Mr.
Kraft for his services and contributions over the years.
More specific details of the matters approved at the Meeting are
set forth in Lingo Media's Information Circular dated October 12, 2021 and posted on SEDAR
at www.sedar.com.
About Lingo Media (TSX-V: LM) (OTC: LMDCF) (FSE:
LIMA)
Lingo Media is a global EdTech company that is 'Building a
multilingual world', 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: ELL Technologies Ltd.,
d/b/a Everybody Loves Languages and Lingo Learning Inc.
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,
China and 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
To learn more, visit us at www.lingomedia.com
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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.
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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
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SOURCE Lingo Media Corporation
