Everybody Loves Languages Reports Financial Results for the Third Quarter Ended September 30, 2023
TORONTO, ON / ACCESSWIRE / November 29, 2023 – Everybody Loves Languages Corp. (ELL) (TSX-V:ELL)(OTC PINK:LMDCF)(FSE:LIMA), an edtech language learning edutainment and content development company, has announced its financial results for the third quarter ended September 30, 2023. The company reported its figures in Canadian Dollars and in accordance with International Financial Reporting Standards.
During the nine-month period ended September 30, 2023, Everybody Loves Languages saw positive developments in its Junior program, which was promoted in August and implemented in several schools. Additionally, the company expanded its sales resources for Brazil, anticipating growth in users and exposure to the program’s benefits. Furthermore, the company remains dedicated to investing in its solutions, particularly its Hollywood Movies offering, to maintain a competitive advantage in multiple markets.
Gali Bar-Ziv, President & CEO of Everybody Loves Languages, expressed optimism about the company’s progress, stating, We have started promoting our Junior program in August and have implemented in a number of schools. In addition, we have added sales resources for Brazil. We expect to see the results and growth in users as more distributors and clients are exposed to the benefits of the program. Furthermore, we continue to invest in our solutions to ensure a competitive advantage with the Hollywood Movies in multiple markets.
Interested parties can access the unaudited condensed interim financial statements for the quarter ended September 30, 2023, and the Management Discussion & Analysis on the official SEDAR website.
Everybody Loves Languages Corp. (TSX-V: ELL; OTC: LMDCF; FSE: LIMA) is an edtech language-learning and content development company that empowers language educators to transition from traditional teaching methods to digital learning. The company integrates education, edutainment, and technology to provide online and print-based solutions through its business units, Everybody Loves Languages Inc. and Lingo Learning Inc.
The Everybody Loves Languages platform offers personalized learning experiences and 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. On the other hand, Lingo Learning focuses on co-publishing print-based English language learning materials in China.
With a presence in Latin America (LATAM) and China, Everybody Loves Languages has successfully established partnerships with key government and industry organizations. The company continues to expand its product offerings and market reach to cater to the needs of language educators worldwide.
Follow Everybody Loves Languages on social media for the latest updates and developments.
This press release may contain forward-looking statements, which involve known and unknown risks, uncertainties, or other factors that may cause actual results to differ materially from the results, performance, or expectations implied by these statements. Management of Everybody Loves Languages has based these statements on their current expectations and identified certain risks and uncertainties. However, the company does not guarantee that the actual results will align with the forward-looking statements. The company does not assume responsibility for updating or revising any forward-looking statements unless required by securities laws.
Neither the TSX Venture Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this release.
With its recent financial results and expansion efforts, Everybody Loves Languages is poised for continued growth in the edtech industry. Language educators and learners can look forward to the company’s innovative solutions that bridge the gap between education, edutainment, and technology, making language learning more accessible and engaging than ever before.
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Press Contact:
Name: Marketing Department
Email: marketing@everybodyloveslanguages.com
Phone: +1-XXX-XXX-XXXX
Website: www.everybodyloveslanguages.com
