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.
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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