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Lingo Media Reports Third Quarter Results




TORONTO, ONTARIO — (Marketwired) — 11/29/13 — Lingo Media Corporation (TSX VENTURE: LM)(OTCBB: LMDCF) (“Lingo Media” or the “Company”), an ESL industry acquisition company that is -Changing the way the world learns English-, announces its financial results for the third quarter ended September 30, 2013. All figures are reported in Canadian Dollars, and are in accordance with International Financial Reporting Standards unless otherwise noted.

During the quarter, the Company earned revenues of $130,139 and total comprehensive loss of $ 323,227. The reduction in revenue is primarily due to Lingo Media-s revenue recognition policy related to its print-based business as it records the majority of its revenues in the second and fourth quarters. The operating expenses reduced from $508,158 to $256,643 for the comparable period, an overall reduction of 49%.

The financial statements for the period ended September 30, 2013 and Management Discussion & Analysis are available at .

About Lingo Media (TSX VENTURE: LM)(OTCBB: LMDCF)

Lingo Media Corporation () is an ESL industry acquisition company that is -Changing the way the world learns English-, focused on English language learning (“ELL”) on an international scale through its four distinct business units: ELL Technologies; Parlo; Speak2Me; and Lingo Learning. ELL Technologies is a globally-established ELL multi-media and online training company. Parlo is a fee-based online ELL training and assessment service. Speak2Me is a free-to-consumer advertising-based online ELL service in China. Lingo Learning is a print-based publisher of ELL programs in China. Lingo Media has formed successful relationships with key government and industry organizations, establishing a strong presence in China-s education market of more than 300 million students. The Company continues to expand its ELL offerings and is extending its reach globally.

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Portions of this press release may include “forward-looking statements” within the meaning of securities laws. Forward-looking statements contained in this press release are made pursuant to the safe harbour provisions of the Private Securities Litigation Reform Act of 1995. 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. Certain factors that can affect the Company-s ability to achieve projected results are described in the Company-s filings with the Canadian and United States securities regulators available on or .

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.

Contacts:
Lingo Media Corporation
Michael Kraft
President & CEO
(416) 927-7000 Ext. 23 or Toll Free: (866) 927-7011
(416) 927-1222 (FAX)





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