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."
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,
President Ludwig Enterprises, Inc.
SOURCE Ludwig Enterprises, Inc.