Lingo Media Announces Company Name Change to Everybody Loves Languages Corp.

TORONTO, Oct. 13, 2022 /CNW/ - Lingo Media Corporation (TSXV: LM) (OTC: LMDCF) (FSE: LIMA) ("Lingo Media" or the "Company"), www.lingomedia.com, an edtech language-learning edutainment and content development company, is pleased to announce that it has filed a notice of name change to Everybody Loves Languages Corp. with the TSX Venture Exchange. As part of the name change, effective at the start of trading on October 17, 2022, Everybody Loves Languages Corp. will commence trading on the TSX Venture Exchange under the new symbol "ELL" and continue to trade on the OTC Markets under LMDCF and on the Frankfurt Stock Exchange under LIMA.  

Management of the Company believes that it is beneficial for the Company to change its name as it is expanding its product offerings through its Everybody Loves Languages Ltd. and Everybody Loves Languages Inc. subsidiaries, in addition to the positive messaging associated with its branding. This name change will help streamline both communications with customers as well as with the investment community.

In addition to the corporate name change, the Company has launched a newly redesigned website at www.everybodyloveslanguages.com. The new corporate website features a streamlined, modern design, and improved functionality to reflect the Company's evolution and the positive energy the new name implies. With a pleasing mix of images, graphics, and content, the new site simplifies ELL's product features and benefits and includes a list of its leadership team and its board under the investor section.

"We have been looking to rebrand the company with a name that represents the passion and commitment that we have for language learning," said Gali Bar-Ziv, President and CEO of Everybody Loves Languages Corp. "Everybody Loves Languages embodies our dedication to delivering language learning solutions to schools, colleges and universities, and corporations that are engaging, impactful and goal oriented."

Everybody Loves Languages' new CUSIP number is 30042G101 and its new ISIN number is CA30042G1019. Certificates representing common shares of the Company will not be affected by the name and symbol change and will not need to be exchanged. No further action is required by existing shareholders with respect to the name change and there is no change in the share capital of the Company.

About Everybody Loves Languages Corp. (TSX-V:ELL; OTC:LMDCF; FSE:LIMA):

Everybody Loves Languages Corp.("ELL") is an edtech language-learning and content development company empowering language educators to easily transition from traditional teaching methods to digital learning by integrating education, edutainment, and technology.

The company provides online and print-based solutions through two distinct business units: Everybody Loves Languages Inc. and Lingo Learning Inc. is a state-of-the-art technology platform that delivers personalized learning experiences in classrooms and online. Its programs provide innovative SaaS-based eLearning solutions, including online and offline content, a learning management system, assessments, real-time reports, speech recognition technology, and white-label tools. At the same time, Lingo Learning Inc. is the content development arm publishing print-based English language learning materials in China. 

Everybody Loves Languages Corp. has established successful relationships with key government and industry organizations internationally, with a presence in LATAM and China, and continues to extend its market reach and expand its product offerings. 

For more information about Everybody Loves languages, visit: www.everybodyloveslanguages.com

Follow Everybody Loves Languages on social media:                                                                                    

Facebook:   https://www.facebook.com/everybodyloveslanguages
Twitter:      @elltechnologies
YouTube:  Everybody Loves Languages (ELL)
LinkedIn:   https://www.linkedin.com/company/elltechnologies

Portions of this press release may include "forward-looking statements" within the meaning of securities laws. These statements 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.  Everybody Loves Languages 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. Everybody Loves Languages' expectations depend 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 and other uncontrollable or unknown factors. No assurance can be given that the actual results will follow the forward-looking statements. Except as otherwise required by securities laws, Everybody Loves Languages undertakes no obligation to publicly update or revise any forward-looking statements, whether because 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 securities regulators available on www.sedar.com.

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

Corporate Communications, Li Lu, Tel: [phone], Email: [email protected]; Media Relations, Dwain Schenck, Tel: [phone], Email: [email protected]