Ludwig Enterprises, Inc. Continues Support of EB-5 Foreign Investor Program
POMPANO BEACH, Fla., Oct. 18, 2012 /PRNewswire/ -- Ludwig Enterprises, Inc. (OTC: LUDG) Board of Directors to continue to support of the EB-5 qualified foreign investor program. The U.S. Congress recently enacted S.3245 extending parts of the EB-5 program for an additional three year period. Under the program a foreign investor could invest in a license for one or a pool of Ludwig's US (domestic) market areas. Currently Ludwig has designated (25) twenty-five opportunities for EB-5 Investors i.e. Detroit, Chicago, New York, Los Angeles etc. The US Citizenship and Immigration Services (USCIS) requires each qualifying foreign investor to invest ($1,000,000) one million U.S. dollars in designated urban areas and provide a minimum of (10) ten full time jobs. Qualifying foreign investors would be USCIS eligible for a two-year visa for themselves, their spouse and their family followed by Conditional Permanent Resident status.
Based upon the foreign language focus of Ludwig's content this union of educated and business savvy foreign nationals seeking U.S. residency for themselves and their families seems to be a natural and beneficial business union.
The US Citizenship and Immigration Services (USCIS) designation allowing foreign nationals to invest in U.S. businesses is termed the EB-5 Immigrant Investor program. This program is a pathway for investors seeking liberty to bring foreign capital into and grow the United States economy. There are no quota backlogs at this time. The Investor does not need a sponsor to enjoy the residency life style in the United States.
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.
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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