QIS Update #9- 2016 - Lingo Media establishes sales channel and Fairmont Resources shareholder increases holdings 2016 - May 20th 2016
Included in this update:
- Fairmont Resources shareholder increases holdings to 11.18%
- Lingo Media to establish North American sale channel
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Fairmont Resources Inc. (FMR:TSX-V)
Current Price: $0.06 (coverage commenced February 18/16 - $0.025)
Douglas Eickmeier, a shareholder of Fairmont Resources Inc., has announced that he owns, directly and indirectly, 2,537,500 common shares of the company, representing 11.18% of the issued and outstanding common shares of the company.
From April 25, 2016 to May 6, 2016, Mr. Eickmeier acquired, directly and indirectly, a total of 382,000 common shares of the company at a total cost of $30,815.00 through on-market purchases on the TSX Venture Exchange. Immediately prior to the completion of the transactions, Mr. Eickmeier owned 2,255,500 common shares of the company, representing 9.94% of the issued and outstanding common shares of the company. Immediately after completion of the transactions, Mr. Eickmeier owned 2,537,500 common shares of the company, representing 11.18% of the issued and outstanding common shares of the company.
The acquisition by Mr. Eickmeier of the common shares of the company was made for investment purposes. Mr. Eickmeier may increase or reduce its investment in the company according to market conditions or other relevant factors.
For further information and to obtain a copy of the early warning report filed under applicable Canadian securities laws, please see the company's profile on the SEDAR website at www.sedar.com.
QIS Capital: The addition of a shareholder exceeding the 10% threshold adds credibility to the company’s Canadian operations and its proposed acquisition of a producing granite supplier in Spain. Fairmont is currently completing a small round of financing to meet the acquisition requirements and is also speaking with major capital institutions to finance the acquisition and start-up costs. Anyone interested in the current placement should contact QIS Capital as soon as possible at 250-377-1182. The placement is open to accredited investors only.
Lingo Media Corporation (LM:TSX-V)
Current Price: $0.78 (coverage commenced March 22/16 - $0.76)
Lingo Media Corporation has announced that it has retained Christophe Pralong to initiate the marketing and sales of its ELL Technologies’ suite of products in the North American market. Mr. Pralong has more than 15 years of experience in marketing, sales, and sales management in the EdTech sector. He spent 13 years at global language learning software company Tell Me More Ltd. as VP & Managing Director for US & Canada. After Rosetta Stone acquired Tell Me More in 2013, he served as Sales Director, US Higher Education, Adult Education & Libraries for 2 years.
Lingo Media recognizes that there is significant potential in North America despite the challenges of a highly fragmented market and the requirement to service many segments with diverse needs. With the right channel strategy and solid execution under Mr. Pralong’s leadership, the Company believes its products will achieve market acceptance and adoption.
According to a 2014 study from Ambient Insight, the North American market for digital English Language Learning remains the world’s second largest (behind China), with an annual spend of approximately $350 million, despite many non-English speaking countries having greater needs and a higher motivation to learn English. While the latter countries exhibit a higher revenue growth rate, the large-scale digitization initiatives in the academic segments (K-12, higher education, adult education) and specialized forms of English training for the corporate and government sectors, make North America significant in terms of market size.
“We are very pleased to have Christophe provide us with market insight and access as part of our expansion into the North American market. He brings tremendous experience and in-depth understanding of how to establish long term sales channels in the region,” said Gali Bar-Ziv, Lingo Media COO.
While at Tell Me More, Mr. Pralong built and expanded the North American sales and marketing operation over a 13-year period, from a staff of 3 to a staff of 25, and significantly increased sales year over year. He managed all aspects of the operation, including sales, marketing, services, training, IT, administration, finance and HR. Mr. Pralong built channel partners and the direct sales team for the education sector (K-12, higher education, adult education and private language schools), enterprises (corporate learning for Fortune 2000 companies and small and medium businesses) and government (state, federal and military).
“I am impressed with the proven pedagogy, innovative learning techniques, and the extensive range of English learning solutions that ELL Technologies has developed and successfully launched in Latin America. I am excited to help the Company break new ground in exploring the market and the sales potential for its English digital solutions, and to build distribution channels through my market knowledge and access in North America,” said Mr. Pralong.
Disclaimer: This article is for informational purposes only. The information contained within this article should not be construed as offering investment advice. Those seeking direct investment advice should consult a qualified, registered, investment professional. BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. The company profiled assumes no liability for the information presented. This is not a direct or implied solicitation to buy or sell securities. Readers are advised to conduct their own due diligence prior to considering buying or selling any stock. The author(s) owns directly or indirectly 188,000 shares of Fairmont Resources Inc. and 5,500 shares of Lingo Media Corporation. QIS Capital may have a financial relationship with these companies and may trade in the stocks mentioned. No stock exchange has approved or disapproved of the information contained herein. Copyright © 2003 - 2016 QIS Capital Corporation.