Lingo Media Corporation (Lingo Media) is a diversified print and online education product and services company. As of December 31, 2008, the Company operated two segments: Online English Language Learning and Print-Based English Language Learning. The Company’s subsidiary, Speak2Me Inc. (Speak2Me), is a new media company focused on interactive advertising in China through its Internet-based English language learning platform. In Canada, Lingo Media, through its 70.33% subsidiary, A+ Child Development (Canada) Ltd. (A+), specialized in early childhood cognitive development programs, which distributed educational materials along with its curriculum. Lingo Media earns royalty revenues from its customer, People’s Education Press (PEP), a Chinese State Ministry of Education publisher. PEP prints and sells Lingo Media’s English language learning programs to provincial distributors in China.