POMPANO BEACH, Fla.,
July 9, 2012 /PRNewswire/
-- Ludwig Enterprises, Inc. (OTC: LUDG) C.E.O. Patrick
Greenish announces that Ludwig Enterprises has been meeting and
exceeding expectations relative to license agreements and
technology growth.
During the first two quarters of 2012 the company has executed
license agreements for deployment of Ludwig Enterprises (LUDG) the
"The One"™ radio technology in Canada, Mexico and the Caribbean. The company has already received
its first $100,000 payment. License
revenue from non-US operations, post deployment, is projected to
approximate $46,000,000.
License Income during the first half of 2012 has exceeded
operational expenses putting the company financially in the
black.
The U.S. Patent and Trademark Office on April 25, 2012 issued Ludwig Enterprises patent #
8,166,190 "Method and system for multiple data channel
transfer using a single data stream". The company is expecting one
or more patents to be issued to LUDG during the next year.
The One™ radio by Ludwig is focusing on the new
multicultural landscape of the United
States and will enfranchise those cultures holding global
buying power in excess of $1.5
trillion.
The company is in discussions with multiple broadcasters.
Additional information will be forthcoming when permitted by all
parties.
ABOUT LUDWIG ENTERPRISES, INC.
The One™ radio is a very unique way of achieving a
nationwide radio network with digital HD quality audio, without
costly satellite infrastructure, allowing Ludwig to give its market
easy access without monthly service fees with a two way format that
revolutionizes demographic advertising and enhances the listening
experience with "50 HD quality digital audio channels with enhanced
video, signage, text, educational, social networking and
interactive capabilities."
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.