Toronto, Canada, March 23, 2023 – Everybody Loves Languages Corp. (“ELL”) (TSX-V: 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 copublishes 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.