TORONTO, Nov. 5, 2021 /CNW/ - Lingo Media
Corporation (TSX-V: LM) (OTC: LMDCF) (FSE: LIMA) ("Lingo Media") an
EdTech company that is 'Building a multilingual world' through
innovative online and print-based technologies and solutions,
announces its intention to file a Form 15F with the U.S. Securities
and Exchange Commission ("SEC") to terminate the
registration of all classes of its registered securities under
Section 12(g) of the Securities Exchange Act of 1934, as amended
(the "Exchange Act"), as well as to terminate its reporting
obligations under the Exchange Act. As a result of filing the Form
15F, Lingo Media's obligations to file reports under the Exchange
Act will be suspended immediately and are expected to terminate 90
days after the filing, barring any objection by the SEC.
Lingo Media is undertaking this filing to reduce administrative
burden and compliance costs and intends to continue to publish its
periodic reports, annual and interim results and communications as
required by applicable law on SEDAR and its website
at http://www.lingomedia.com.
About Lingo Media (TSX-V:LM; OTC:LMDCF; FSE:LIMA)
Lingo Media is a global EdTech company that is 'Building a
multilingual world', developing and marketing products for
learners of new languages through various life stages, from
classroom to boardroom. By integrating education and technology,
the company empowers language educators to easily transition from
traditional teaching methods to digital learning.
Lingo Media provides both online and print-based solutions
through two distinct business units: ELL Technologies Ltd.,
d/b/a Everybody Loves Languages and Lingo Learning Inc.
Everybody Loves Languages provides online training and
assessment for language learning, while Lingo Learning is a
print-based publisher of English language
learning programs in China.
Lingo Media has established successful relationships with key
government and industry organizations internationally, with a
presence in Latin America,
China and the U.S., and continues
to both extend its global reach and expand its product
offerings.
Follow Lingo Media On:
Facebook: https://www.facebook.com/LingoMedia
Twitter:
https://twitter.com/LingoMediaCorp
YouTube: https://www.youtube.com/lingomedialm
LinkedIn:
https://www.linkedin.com/company/lingo-media-corporation
RSS:
http://feeds.feedburner.com/LingoMedia
Portions of this press release may include "forward-looking
statements" within the meaning of securities laws. These
statements are made in reliance upon Sections 21E and 27A of the
Securities Exchange Act of 1934, which 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. Lingo Media 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. Lingo Media's expectations,
among other things, are dependent 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 as well as other uncontrollable
or unknown factors. No assurance can be given that the actual
results will be consistent with the forward-looking statements.
Except as otherwise required by US Federal securities laws, Lingo
Media undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result 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 and United States
securities regulators available
on www.sedar.com or www.sec.gov/edgar.shtml.
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
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content:https://www.prnewswire.com/news-releases/lingo-media-plans-to-file-a-form-15f-to-deregister-in-the-us-under-the-1934-securities-exchange-act-301417892.html
SOURCE Lingo Media Corporation