Lingo Media Corp. (LMDCF.OB) Acquires ELL Technologies
Lingo Media Corp., a leading educational products and services company focused on English language learning in China, announced today that it has acquired all issued and outstanding shares of UK-based ELL Technologies Limited, a developer and provider of English language instruction solutions, distributed in 11 markets in Asia and Europe. The purchase will expand the Lingo product line, and extend its reach into 10 new countries, generating increased revenue. ELL Technologies currently markets its proprietary English language instruction products in China, Korea, Malaysia, Mongolia, the Philippines, Vietnam, Denmark, the Netherlands, Slovakia, Turkey, and the U.S. Their portfolio offers a full…