POMPANO BEACH, Fla.,
June 20, 2011 /PRNewswire/ -- Ludwig
Enterprises, Inc. (LUDG:OTC Markets) Board of Directors announces a
Reverse Stock Split of one hundred to one (100:1) for its sole
class of stock. The Board of Directors met (06/20/2011) and voted
to recommend the action. A special shareholders meeting was held
(06/20/2011) consisting of shareholders holding in excess of 50%+
of the company's stock. The action was voted on and approved with
the effective date to be July 5th,
2011 at 12:01 AM.
Ludwig currently is seeking to raise capital for its proposed
new radio network. This action is intended to assist in its fund
raising activities.
The Reverse Split is proportional. No rights of any shareholder
will be altered or diminished. All fractional shares resulting from
the split will be rounded up to the nearest whole number. This
action will result in a decrease of the issued number of shares
from 271,254,396 to approximately 2,713,108 common shares.
As of this date, the company has no outstanding warrants,
options or management compensation agreements payable in stock.
For any questions please send e-mails to
Investor_Relations@Ludwigent.com or send mail correspondences to
Ludwig Enterprises, Inc., Investor Relations Dept., 1702 "A"
Street, Sparks, Nevada, 89431.
Stock certificates may be exchanged by contacting the Transfer
Agent, Standard Registrar and Transfer Company, Inc., 12528 South
1840 East, Draper Utah, 84020.
Please note the Transfer Agent will charge shareholder a fee for
issuance of a new certificate.
ABOUT THEONE™ - "TheOne™" radio is designed to be a
mobile or fixed based multi-channel, multi-purposed digital 2-way
communication device. The primary service is audio but enhanced
with video, signage, text, educational and social networking
features.
ABOUT LUDWIG ENTERPRISES, INC. – Ludwig Enterprises, Inc.,
(LUDG:OTC) has patented a revolutionary new method of radio
broadcasting. This technology attaches fifty new digital channels
to an existing digital television broadcast signal.
The One™ radio programming will include twenty-four
hour a day programs in such languages as Chinese, Pakistani,
Russian, Hebrew and many others. Additionally, there will be a
limited number of specialty channels focusing on twenty-four hour a
day old time radio programs, readings of local and national news
papers (without commentary) and specialty music channels including
jazz and Techno music.
ADDITIONAL INFORMATION about Ludwig Enterprises, Inc. as well as
corporate structure and stock capitalization can be viewed on the
Company's Web site www.ludwigent.com. Capitalization and
filing information may also be viewed at: www.otcmarkets.com.
SAFE HARBOR
Forward-looking statements made in this release are made
pursuant to the "safe harbor" provision of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements
made by Ludwig Enterprises, Inc. are not a guarantee of future
performance. This news release includes forward-looking statements,
including with respect to the future level of business for the
parties. These statements are necessarily subject to risk and
uncertainty. Actual results could differ materially from those
projected in these forward-looking statements as a result of
certain risk factors that could cause results to differ materially
from estimated results. Management cautions that all
statements as to future results of operations are necessarily
subject to risks, uncertainties and events that may be beyond the
control of Ludwig Enterprises, Inc. and no assurance can be given
that such results will be achieved. Potential risks and
uncertainties include, but are not limited to, the ability to
procure, properly price, retain and successfully complete projects,
and changes in products and competition.
For Investor Relations information,
Contact:
investor_relations@ludwigent.com
OR
Patrick Greenish
President Ludwig Enterprises,
Inc.
786-235-9026
president@ludwigent.com
SOURCE Ludwig Enterprises, Inc.