Lingo Media Corporation issued a press release summarizing milestones they achieved during 2008. From the press release:
2008 was an evolutionary year for the Company as we achieved many key milestones and accomplishments, which established Lingo Media into a diversified online and print-based education company. We completed the integration of our newly acquired Speak2Me subsidiary including the conversion of its CD-ROM-based English language learning platform onto a web-based advertising supported platform. We believe our investment has positioned Speak2Me for significant growth through its Conversational Advertising(tm) platform. We expanded our product offerings available through Lingo Learning, our China-based publishing business. We successfully completed an equity financing of $5 million through a private placement of our common stock with Orascom Telecom.
Press release: 2008 A Year in Review