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Lingo Media Corporation

Lingo Media Corp bids farewell to board director

The company thanked Martin Bernholtz for his past service and wished him success for the future

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The company develops and markets English language learning products and services for both corporate and educational customers

Lingo Media Corporation (CVE:LM) (OTCMKTS:LMDCF) said that Martin Bernholtz had stepped down from the group's board of directors, effective immediately.

In a brief statement, the firm said it was for personal reasons, and Lingo Media thanked Bernholtz for his past service and wished him success for the future.

Earlier this month, the English-language learning company revealed it had swunbg to a profit in the fourth quarter of 2018 due to strategic alliances with global partners.

READ: Lingo Media swings to profit in 4Q thanks to new strategic alliances in Colombia

The Toronto-based education technology company posted a profit of around C$120,000 in the three months, compared to a loss of $5.8 million or $0.17 per share during the year-ago quarter.  

The company develops and markets English-language learning products and services for both corporate and educational customers.

Contact Giles at [email protected]

Follow him on Twitter@Gile74

Quick facts: Lingo Media Corporation

Price: $0.14

Market: TSX-V
Market Cap: $4.97 m
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