Lingo Media Reports 2014 First Quarter Results

NEWS RELEASE TRANSMITTED BY Marketwired 
FOR: Lingo Media Corporation 
TSX VENTURE SYMBOL:  LM
OTCBB SYMBOL:  LMDCF 
MAY 27, 2014 
Lingo Media Reports 2014 First Quarter Results 
TORONTO, ONTARIO--(Marketwired - May 27, 2014) - 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 first quarter
ended March 31, 2014. All figures are reported in Canadian Dollars, and are in
accordance with International Financial Reporting Standards unless otherwise
noted. 
Operational Highlights 
/T/ 
--  Print-Based English Language Learning:  
--  completed renewal of co-publishing agreements for additional seven 
years for PEP Primary English and Starting Line programs with 
People's Education Press and Peoples Education Electronic & 
Audiovisual Press, China's State Ministry of Education's publishing 
arm 
--  Online English Language Learning:  
--  launched the redesigned ELL Technologies' suite of products 
including Scholar, Business, Master and Kids which incorporate the 
new user interface, learning management system and the multi-browser 
delivery system for desktops and tablets 
/T/ 
Financial Highlights for the First Quarter Ended March 31, 2014 
/T/ 
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First Quarter Ended March 31                            2014           2013 
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Revenue                                        $     236,051  $     137,754 
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Operating expenses                                   275,444        351,609 
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Amortization, share-based payments and                                      
 depreciation                                        133,150        120,315 
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Finance charges, taxes and foreign exchange         (119,677)        42,853 
----------------------------------------------------------------------------
Total expenses                                       288,917        514,777 
----------------------------------------------------------------------------
Net loss                                             (52,866)      (377,023)
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Total comprehensive loss                            (181,565)      (398,951)
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--  Revenue for the first quarter ended March 31, 2014 totalled $236,051 
compared to $137,754 for the same period in 2013.  
--  Operating expenses for Q1 2014 totalled $275,444 as compared to $351,609 
for Q1 2013. 
--  Net loss for the first quarter ended March 31, 2014 was $52,866 compared 
to a net loss of $377,023 for the first quarter ended March 31, 2013. 
This reduction in net loss is primarily attributable to an increase in 
revenue of $98,297 and a reduction in operating expenses of $76,165 and 
foreign exchange gain. 
--  Total comprehensive loss for the first quarter of 2014 totalled $181,565 
or $0.00 loss per share based on 21.4 million shares outstanding 
compared to a total comprehensive loss for the first quarter of 2013 of 
$398,951 or $0.02 loss per share based on 20.9 million shares 
outstanding.  
/T/ 
The unaudited financial statements for the quarter ended March 31, 2014 and
Management Discussion & Analysis are available at www.sedar.com. 
About Lingo Media (TSX VENTURE:LM) (OTCBB:LMDCF) 
Lingo Media Corporation (www.lingomedia.com) 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. 
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 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 
-30-
FOR FURTHER INFORMATION PLEASE CONTACT: 
Lingo Media
Michael Kraft, President & CEO
(416) 927-7000 Ext. 23
Toll Free: (866) 927-7011
(416) 927-1222
mkraft@lingomedia.com 
INDUSTRY:  Computers and Software - Software, Education and Training -
Education Aids and Products, Education and Training - Schools and Courses,
Colleges/Universities, Education and Training - Training/Online, Media and
Entertainment - Books and Publishing, Media and Entertainment - Television 
SUBJECT:  ERN 
-0-
-0- May/27/2014 20:24 GMT
 
 
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