Ludwig Issued Technology Patent to Build New National Radio Network
POMPANO BEACH, Fla., May 23, 2012 /PRNewswire/ -- Ludwig Enterprises, Inc. (OTC: LUDG) Board of Directors announces that Ludwig Enterprises was awarded patent 8,166,190.This revolutionary technology uses unused digital TV channels breaking one channel into 50 high quality audio channels.
This technology uses the only source of under-utilized spectrum available to build out a national broadcast network that could potentially rival SIRIUS, ABC, CBS and NBC.
Ludwig's "The One" ™ radio is a multi-channel, multi-purposed digital 2-way communication device. "The One" ™ radio will be the first of its kind to reach under-served and un-served groups of listeners with a combined buying power in excess of $1.5 Trillion.
ABOUT LUDWIG:
Ludwig Enterprises, Inc., is a publicly traded company that has developed a patented new mobile digital radio receiver The One™ radio. Ludwig Enterprises, Inc. is a revolutionary broadcasting company that will offer programming catering to the rapidly growing $1.5 Trillion multi-cultural market. During the past decade this market increased one new potential user every 31 seconds.
Ludwig's secondary focus is the "Post 65" baby boomer market. In 2010 there were an estimated 40 million seniors; this number is expected to balloon to 72 million by the year 2030. Ludwig's programming content will serve this multi- Trillion Dollar under-served market.
SAFE HARBOR
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.
The United States patent and trademark office may not grant a patent on a filed application or may grant only a portion of the claims made. Even if a patent is issued, having a patent does not guarantee the success of a product or the company which owns the patent.
For Investor Relations information,
Contact:
OR
Patrick Greenish
President Ludwig Enterprises, Inc.
786-235-9026
[email protected]
SOURCE Ludwig Enterprises, Inc.
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