Lingo Media Corporation (LM:TSX-V) - May 2nd 2017
Original Price: $ 0.76
Current Price: $ 0.235
Lingo Media Corporation (LM:TSX-V) combines education with technology (EdTech) to develop and market English language learning (ELL) solutions in both online and print based formats. The company now offers over 2,000 hours of interactive learning through a number of product offerings that are currently marketed in Columbia, Peru, and Mexico through a network of distributors.
Lingo Media has announced a number of important contracts and distribution partnerships over the past year which are expected to have a positive impact on financials moving forward. As at December 31, 2016, the company had positive working capital of $2.98 million or $0.08 per share and no long-term debt outstanding.
With its easily scalable online learning solutions, Lingo Media is ideally positioned to take advantage of the large market for teaching English in Latin America. Furthermore, with such a vast potential market worldwide, there are many other geographic areas that would make ideal future expansion targets.
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