Shares in English language learning solutions provider Lingo Media Corporation (CVE:LM) soared Wednesday as it expanded its footprint in Japan, with its subsidiary securing a sales contract with a leading university for one of its education programs.
It is the third contract resulting from the group's partnership with Gale.
The latter has the rights to market, distribute and sell ELL's scholar program to the higher education library market under the Gale Lingo brand.
ELL Technologies will provide its Gale Lingo program to Seinan Gakuin University in Fukuoka, Japan.
With nine faculties, colleges and research institutes, and a population of about 8,500 students, Seinan Gakuin University is consistently ranked as one of the leading, privately financed universities in western Japan.
"This contract expands our footprint into Japan as we execute on our distribution partnership with Gale and our reach into Asia," said Gali Bar-Ziv, chief operating officer of Lingo Media.
"We are looking forward to working with Seinan Gakuin University as we implement Gale Lingo into the university library system."
Lingo shares in Toronto added 14.29% to stand at C$0.12.