EVERYBODY LOVES LANGUAGES - LMDCF STOCK NEWS

Everybody Loves Languages Corp. (TSX-V: ELL; OTC: LMDCF) reported financial results for Q2 2024. Revenue increased to $991,288 from $967,747 in Q2 2023. Net profit was $350,278 ($0.01 EPS) compared to $383,837 in Q2 2023. The company saw improvements in its Online English Language Learning segment, launching new features and expanding distribution in South America and Korea.

For the six-month period, revenue was $1,141,265, down from $1,214,794 in 2023. However, the company turned a net profit of $49,817 compared to a loss of $38,998 in the same period last year. ELL continued to invest in product development, particularly for English AcadeMe and English AcadeMe Junior.

Everybody Loves Languages Corp. (TSX-V: ELL; OTC: LMDCF; FSE: LIMA), an edtech language learning and content development company, has announced the grant of restricted share units (RSUs) on August 6, 2024. The company's board of directors approved the grant of 1,900,000 RSUs to certain directors, officers, employees, and consultants, with 1,185,000 RSUs specifically allocated to directors and officers. These RSUs will vest according to the prescribed period under the RSU plan, which was previously approved by shareholders on February 20, 2024. This move is part of the company's strategy to align interests and incentivize key personnel.

Everybody Loves Languages (ELL) reported its Q1 2024 financial results, showing a decrease in revenue to $149,977 from $247,047 in Q1 2023. Operating and development expenses reduced to $492,225 from $632,105, but the net loss narrowed to $300,461 from $422,835. ELL launched 130 new lessons for English AcadeMe, enhanced reporting for AcadeMe Junior, and adapted EFS and Campus Premium for mobile. Additionally, ELL entered an exclusive distribution agreement with Trendi-Trend & Innovation for the Colombian school market and continued developing content for Grades 3-6 in China.

Everybody Loves Languages Corp. (OTC: LMDCF) announced the launch of its first Hollywood film-based language learning program, English For Success+ (EFS+), aimed at enhancing engagement in language education. The AcadeMe program allows students to interact with movie scenes, dramatically improving language practice. EFS+ offers over 2,000 hours of lessons and advanced data analytics, catering to diverse educational needs. CEO Gali Bar-Ziv highlighted the program's innovative edge in the edtech market, as ELL continues to expand its offerings to meet growing institutional demand.

Lingo Media Corporation (TSX-V: LM; OTC: LMDCF) announced its plan to file a Form 15F with the SEC to deregister all classes of its registered securities. This move aims to reduce administrative and compliance costs, suspending its reporting obligations under the Exchange Act. The termination of these obligations is expected to finalize 90 days post-filing, contingent on SEC's feedback. Despite this deregistration, Lingo Media will continue to publish periodic reports and results on SEDAR and its website, maintaining transparency with its stakeholders.