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.
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.
For Investor Relations information,
Contact:
investor_relations@ludwigent.com
OR
Patrick Greenish
President Ludwig Enterprises,
Inc.
786-235-9026
president@ludwigent.com
SOURCE Ludwig Enterprises, Inc.
