POMPANO BEACH, Fla., July 31, 2012 /PRNewswire/ -- Ludwig Enterprises, Inc. (OTC: LUDG) Board of Directors announces Ludwig Enterprises, Inc. and New World Global, Inc. have reached a fundamental agreement for deployment of Ludwig's new digital technology in South Korea.
New World Global, Inc. has agreed to purchase licensing rights for a five-year renewable term. The licensing agreement is for the patented technology owned by Ludwig for transmission of 50 audio channels over South Korea's new ATSC digital TV networks. Over 48 million persons live within the licensed area. Licensing fees are being finalized according to a schedule dependent on activations and agreed benchmarks.
About New World Global, Inc.
New World Global, Inc. is a US based technology company. The company was formed in 2008 whereupon it acquired a larger technology company. The company has developed a unique electronic methodology focused at the consumer market.
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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