Lingo Media Corp. (LMDCF) Issues Update on ELL Technologies Acquisition
Lingo Media Corp. today updated shareholders on its recent acquisition of ELL Technologies Ltd., marketed under the Q Group brand. ELL Technologies distributes its multi-media and online training products to 11 markets, including China, Korea, Malaysia, Mongolia, the Philippines, Vietnam, Denmark, the Netherlands, Slovakia, Turkey and the United States. Michael Kraft, president and CEO of Lingo Media, said the acquisition strengthens the Lingo Media’s portfolio of educational products, and creates a central spot for English training. “Through the acquisition of ELL Technologies we have further positioned ourselves in the English education industry with a full product suite of interactive, online…