Ludwig Enterprises, Inc. to Joint Venture Ethnic Dating / Social
Networking Site
POMPANO BEACH, Fla.,
Oct. 17, 2012 /PRNewswire/
-- Ludwig Enterprises, Inc. (LUDG.OTC) Board of Directors
announces a Joint Venture Agreement with Worthington Financial
Services, Inc. owner and operator of www.MakeMeACouple.com. Online
dating is a fast growing dynamic industry. Almost 20% of all new
relationships are started online. During the past year 17% of all
marriages were started online. Reuters calculated the annual
revenue from dating web sites to be in excess of One Billion Dollars.
Both Ludwig and Makemeacouple.com target the 38 million
foreign-born residents of the US. This community unlike many
previous immigrant groups trends towards a preservation of their
cultural and linguistic heritage. The Joint Venture between Ludwig
and Makemeacouple.com is intended to assist this niche group in
meeting, dating and become a family unit all the while maintaining
their connection with their parents, family and friends in their
motherland via daily radio programs provided by Ludwig.
Makemeacouple.com should be successful because it has found an
unsatisfied market need. The site is a place for persons of like
cultural characteristics to meet as well as a place where a person
of one ethnic background can find someone from another culture. As
an example a lady of Columbian heritage could be sought after both
by person from Columbia but also
by men from other countries. The same logic applies to persons of
religious faiths. A person of one faith may find someone of the
same faith from his or her county of birth or a different country
possibly even a slightly different cultural heritage.
There are 54 million single people in the United States.
The average dating site user pays over $200 a year in fees. A site like E-harmony is
estimated to have over 20 million users, Match.com is estimated to
have over 15 million users. (These sites are not affiliated with
Ludwig or makemeacouple.com)
To be successful, this joint venture between Ludwig and
Makemeacouple.com does not need to be the biggest web site, but to
provide a specialized product to an un-served market.
During the introductory period the site has been accepting
members without charge. Current membership consists of residents of
both the U.S. and foreign countries.
ABOUT THE ONE™ - The One™ 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 and educational and social networking
features.
ABOUT LUDWIG ENTERPRISES, INC. – Ludwig Enterprises, Inc.,
(LUDG:OTC), has patented a revolutionary 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 more. Additionally there will be a limited number of
specialty channels focusing on old-time radio, readings of local
and national newspapers and wire services news (without
comment).
ABOUT WORTHINGTON FINANCIAL SERVICES, INC. – Worthington
Financial Services, Inc. is a boutique business incubator focusing
on immerging and untapped or underserved markets. Worthington
Financial Services, Inc. currently owns in excess of 50% of LUDG.
Worthington does not participate in the day-to-day management or
operations of LUDG.
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:
http://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.