TORONTO, March 23,
2023 /CNW/ - Everybody Loves Languages Corp.
("ELL") (TSXV: ELL) (OTC: LMDCF) (FSE: LIMA), www.everybodyloveslanguages.com,
an edtech language learning edutainment and content
development company, announces that it has engaged the
services of Red Cloud Securities Inc. ("Red Cloud") to provide
services as a market maker in compliance with the policies and
guidelines of the TSX Venture Exchange and other applicable
legislation. Under the agreement, Red
Cloud will receive a fee of C$5,000 plus applicable taxes per month. The
initial term of the agreement is three (3) months from the date of
execution with an option to renew.
The Company also announces that its board of directors has
approved the grant of 1,960,000 incentive stock options ("Options")
to directors, employees, and consultants of the Company of which
900,000 option are granted to the officers and directors. The
Options will have an exercise price of $0.08 per share and will vest quarterly over 18
months. The Options will have a 5-year term from the date of the
grant.
About Everybody Loves Languages
Corp. (TSX-V: ELL; OTC: LMDCF; FSE: LIMA):
Everybody Loves Languages Corp. is an edtech language-learning
and content development company empowering language educators to
easily transition from traditional teaching methods to digital
learning by integrating education, edutainment, and technology.
The company provides online and print-based solutions through
two distinct business units: Everybody Loves Languages Inc.
and Lingo Learning Inc. Everybody Loves Languages is a
state-of-the-art technology platform that delivers personalized
learning experiences in classrooms and online. Its programs provide
innovative SaaS-based eLearning solutions, including online and
offline content, a learning management system, assessments,
real-time reports, speech recognition technology, and white-label
tools. At the same time, Lingo Learning is the content
development arm and co-publishes print-based English language
learning materials in China.
Everybody Loves Languages has established successful
relationships with key government and industry organizations
internationally, with a presence in LATAM and China, and continues to expand its product
offerings and extend its market reach.
Follow Everybody Loves Languages on social media:
Facebook: https://www.facebook.com/everybodyloveslanguages
Twitter: twitter@elltechnologies
YouTube: Everybody Loves Languages (ELL)
LinkedIn:
https://www.linkedin.com/company/elltechnologies
Portions of this press release may include "forward-looking
statements" within the meaning of securities laws. These
statements 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.
Everybody Loves Languages 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. Everybody Loves Languages'
expectations depend 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 and other uncontrollable or unknown factors.
No assurance can be given that the actual results will follow
the forward-looking statements. Except as otherwise required by
securities laws, Everybody Loves Languages undertakes no obligation
to publicly update or revise any forward-looking statements,
whether because 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 securities
regulators available on www.sedar.com.
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
SOURCE Everybody Loves Languages Corp.