POMPANO BEACH, Fla., June 6, 2012 /PRNewswire/ -- Ludwig Enterprises, Inc. (OTC: LUDG) Board of Directors announces it has developed a revolutionary enhancement that will be added to "The One" radio. This technology allows users to have instant connectivity to social media contacts while in close proximity to each other.
Currently a person using a social media or a dating site must meet a match on-line. With Ludwig's technology if one of the person's matches comes close in proximity to the user then both the user and matched party are notified. If both parties accept they are then connected via a private communication link and can meet then and where they are instantaneously.
Management believes this new social media technology will dramatically increase the sales of "The One." Based upon current valuation methodology Ludwig's Social Media technology should add valuation in excess of $30 Million.
Ludwig Enterprises, Inc., is a subscriber based radio service targeting niche radio markets. Ludwig uses "The One" radio, which utilizes a patented technology in order to receive digitally broadcast content focused on the ethnic, senior and youth markets.
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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SOURCE Ludwig Enterprises, Inc.