POMPANO BEACH, Fla.,
June 14, 2012 /PRNewswire/ -- Ludwig
Enterprises, Inc. (LUDG:OTC) Board of Directors announces it has
reached a 5 year renewable multi-million dollar licensing agreement
for deployment of Ludwig's Technology into the 115 million person
Mexican Market.
Multiple Mexican Television stations are by law scheduled to
turn off their analogue transmitters on December 31, 2015 as Mexican Television convert
to the ATSC broadcast standard. This standard is the foundation of
Ludwig's revolutionary technology.
Under terms of the agreement a Belizean International Business
group has agreed to purchase licensing rights to the patented
technology owned by Ludwig for the transmission of 50 audio
channels over the new digital TV networks within Mexico, called "TheOne™" radio. Initial
projections indicate that upon completion of network build-out,
post 2018, Ludwig should receive approximately $20 million per year in licensing fees.
Mexican operations will be managed by a fifteen-year-old
business group based in Belize,
Central America. The group was one
of the first communication companies to utilize voice over the
Internet in Mexico. The company
looks forward to again being the first to offer Digital Mobil
Handheld ATSC services in Mexico.
Headquarters for this project will be in Mexico City, Mexico.
ABOUT LUDWIG ENTERPRISES, INC. – Ludwig Enterprises,
Inc., (LUDG:OTC), is a Nevada
based technology company with regional offices in Pompano Beach, Florida. LUDG has patented a
revolutionary new method of radio broadcasting over unused digital
television spectrum. This technology attaches fifty new digital
radio channels to an existing digital television broadcast
signal.
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.
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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.