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Prospector
Profile
07.1096
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| Lingo Media, Inc. |
NAICS |
611710 |
| 151 Bloor Street West, #703
Toronto, Ontario, Canada M5S 1S4 |
Description |
Educational Support Services |
| (+1) 416-927-7000 |
Employees |
138 |
| http://www.lingomedia.com/s/Home.asp |
Revenue |
(mil) |
1.5740 |
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Income |
(mil) |
-0.7480 |
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Assets |
(mil) |
2.8840 |
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Liability |
(mil) |
1.5070 |
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(for the year ended 2006-12-31) |
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Category:
Loss/Deficit
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Event:
Lingo Media, Inc. reported a net loss of $748,924 on revenues of $1,255,060 for the year ended December 31, 2006, higher than the net loss reported last year of $725,732 on revenues of $783,250. As a result of its recurring losses, the Company has an accumulated deficit of $3,977,401 at December 31, 2006.
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Intellectual Property:
The Company owns the trademarks, Lingo Media, EnglishLingo and EnglishNihao, in Canada and China. In addition, certain materials are copy righted. [SEC Filing 20-F 06-29-07]
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Description:
The Company is a publisher of English language learning programs, incorporating print, audio, video, and CD-based products for students and teachers from pre-school through university.
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Officers:
Michael Kraft (Pres., CEO & Dir.); Khurram Qureshi (CFO & Dir.); Bailing Xia (Dir.); John P. Schram (Dir.); Nereida Flannery (Dir.); Richard J.G. Boxer (Dir.); Scott Remborg (Dir.)
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Auditor:
Mintz & Partners LLP
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Securities:
Common Stock-Symbol LNGME.OB; OTC BB; LMD.V; CSX;
32,578,170 common shares outstanding as of December 31, 2006.
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