Ludwig Enterprises, Inc. Announces One New Potential Listener Added Every 29 Seconds
Ludwig Enterprises, Inc. Announces One New Potential Listener Added Every 29 Seconds
MIAMI, May 2 /PRNewswire-FirstCall/ -- Ludwig Enterprises, Inc. (Pink Sheets: LUDW.PK) Board of Directors announces the results of research defining a typical Ludwig subscriber/listener. The U.S. Census Bureau reports that one international migrant is added to the U.S. population every 29 seconds*. Ludwig's research further finds that 90% of Ludwig's ethnic listeners are expected to listen to radio broadcasting in excess of four (4) hours per day.
* Source: http://www.census.gov/population/www/popclockus.html Findings: -- 10%+ of the U.S. is foreign born or has ethnic ties to another country. -- Current U.S. Census Bureau population count is almost 304 million persons -- Based on above Ludwig's market potential is in excess of 30 million -- 75% of the target group are High School Graduates -- 50% are Homeowners -- 90% have children in the Public School System -- 75% would like their children to attend College or University -- 75% of renters would like to own their own homes -- 90% of the target listeners are expected to listen to radio for more than four (4) hours per day.
Based upon a potential ethnic market of 30 Million persons at four (4) hours plus per day of listening to the radio one can extrapolate a potential opportunity to communicate in excess of 120 million hours per day with this niche market.
Ludwig's business plan is based upon 1.25 million listener hours per day or about 1% of the total potential ethnic listener hours available.
ABOUT LUDWIG ENTERPIRSES, INC. -- Ludwig Enterprises, Inc., (LUDW), is a Nevada-based technology company with regional offices in Miami, Florida. LUDW has acquired license rights for a revolutionary new method of radio broadcasting. This technology attaches fifty new digital broadcast channels to an existing FM radio signal. This technology will allow Ludwig Enterprises to contractually acquire the right to utilize currently issued FM radio station spectrum with minimal regulatory requirements. The company intends to deploy this technology into the fifty largest US demographic markets.
Ludwig Enterprises, Inc. has chosen not to compete with the major radio networks offering "top 50 programming" but to focus on the underserved or un-served foreign language market. Programming will consist of twenty-four hour a day programs in such languages as Chinese, Pakistani, Russian, Hebrew and many others. Additionally there will be a limited number of specialty channels focusing on twenty-four hour a day: old time radio programs, readings of local and national newspapers (without commentary), specialty music channels including jazz and music forms not played on conventional stations, and educational programming.
ADDITIONAL INFORMATION about Ludwig Enterprises, Inc., as well as corporate structure and stock capitalization, can be viewed on the Company's Web site: www.ludwigent.com .
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 Enterprise, 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.
First Call Analyst:
FCMN Contact:
Source: Ludwig Enterprises, Inc.
CONTACT: Investor Relations, investor_relations@ludwigent.com, or
Patrick Greenish, President of Ludwig Enterprises, Inc., +1-786-235-9026,
president@ludwigent.com
Web site: http://www.ludwigent.com/
http://www.census.gov/population/www/popclockus.html
Profile: International Entertainment
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