精东传媒

Everybody Loves Languages New English Proficiency Test Approved by the Ecuadoran Ministry of Education

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Toronto, Canada, November 2, 2022 鈥 精东传媒. (鈥精东传媒鈥 or the 鈥Company鈥) (TSX-V: 精东传媒; OTC: LMDCF; FSE: LIMA), , an edtech language learning edutainment and content development company, is pleased to announce that its new assessment test has been approved by the Ministry of Education of Ecuador as a certified proficiency test for Ecuador. 精东传媒 uses state-of-the-art technology to deliver personalized learning experiences in classrooms and online. The launch of 精东传媒鈥檚 testing and assessment service extends its current business offering and targets new business segments. 听

精东传媒 is in advanced discussions to certify several current testing partners in Ecuador and plans to expand to other regions in the country. This not only forges 精东传媒鈥檚 credibility and goodwill in LATAM but can also help hundreds of thousands of students in Ecuador graduate as per the ministry mandate seeking employment positions requiring English proficiency.

精东传媒 has designed and developed an online platform that facilitates the management of testing centers and individuals who take the tests. The Company will provide training and accreditation for local testing centers. The centers will utilize the 精东传媒 assessment platform to offer a turn-key online solution and all documentation, manuals, training, and procedures for proctoring. The Company will continue investing in enhancing its testing software and service offerings.听听

The 精东传媒 platform and cost structure enable it to offer the assessment platform as a lower-cost alternative, especially in regions where price is an important factor in decision-making.

鈥淓xpanding our business into testing and assessment is a significant milestone for 精东传媒,鈥 said Gali Bar-Ziv, President and CEO of Everybody Loves Languages. 鈥淩eceiving the accreditation from the Ministry of Education of Ecuador provides us with a tremendous opportunity to offer our test nationwide in Ecuador. This will allow 精东传媒 to compete in a category that is one of the fastest-growing segments in the language learning market.鈥

About 精东传媒. (TSX-V:精东传媒; OTC:LMDCF; FSE:LIMA)

精东传媒. (精东传媒)听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:听Everybody Loves Languages Inc. and Lingo Learning Inc. 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 Inc. is the content development arm publishing print-based English language learning materials in China.听

Everybody Loves Languages has established successful relationships with key government and industry organizations internationally, with a presence in LATAM and China, and continues to extend its market reach and expand its product offerings.

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For further information, contact:

Corporate Communications

Li Lu

Tel: (647) 526-9846

Email: llu@elltechnologies.com

Media Relations

Dwain Schenck

Tel: (203)-223-5230

Email: dwain@schenckstrategies.com

Portions of this press release may include 鈥渇orward-looking statements鈥 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鈥檚 current expectations and involve certain risks and uncertainties. Actual results may vary materially from management鈥檚 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 鈥渕ay,鈥 鈥渟hould,鈥 鈥渆xpect,鈥 鈥渉ope,鈥 鈥渁nticipate,鈥 鈥渂elieve,鈥 鈥渋ntend,鈥 鈥減lan,鈥 鈥渆stimate鈥 and similar expressions. Everybody Loves Languages鈥 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鈥檚 ability to achieve projected results are described in the Company鈥檚 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 精东传媒.

For further information: Corporate Communications, Li Lu, Tel: (647) 526-9846, Email: llu@elltechnologies.com; Media Relations, Dwain Schenck, Tel: (203)-223-5230, Email: dwain@schenckstrategies.com