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Ludwig Enterprises Announces Reverse Stock Split

Fri. February 20, 2009; Posted: 04:52 PM
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Look up the PowerRating of LUDW and see how it has performed over the past week as well as the current proprietary PowerRating.

MIAMI, Feb 20, 2009 (BUSINESS WIRE) -- LUDW | Quote | Chart | News | PowerRating -- Ludwig Enterprises, Inc. (Pink Sheets:LUDW) Board of Directors announces a Reverse Stock Split of one hundred to one (100:1) for is sole class of stock. The Board of Directors met (02/02/09) and voted to recommend the action. A special shareholders meeting was held (02/03/09) consisting of shareholders holding in excess of 50%+ of the company's stock, the action was voted on and approved with the effective date to be March 2nd 2009 at 12:01 AM.

Ludwig currently is seeking to raise capital for its proposed new radio network. This action is intended to assist in its fund raising activities.

The Reverse Split is proportional. No rights of any shareholder will be altered or diminished. All fractional shares resulting from the split will be rounded up to the nearest whole number. This action will result in a decrease of the issued number of shares from 60,825,000 to approximately 608,800 common shares.

As of this date, the company has no outstanding warrants, options or management compensation agreements payable in stock.

For any questions please send e-mails to Investor_Relations@Ludwigent.com or send mail correspondences to Ludwig Enterprises, Inc., Investor Relations Dept., 16500 NW 7th Avenue, Suite 390, Miami, Florida, 33169.

Stock certificates may be exchanged by contacting the Transfer Agent, Standard Registrar and Transfer Company, Inc., 12528 South 1840 East, Draper Utah, 84020. Please note the Transfer Agent will charge a fee for issuance of new certificates.

About Ludwig Enterprises, Inc. - Ludwig Enterprises, Inc., (LUDW), is a Nevada based technology company with regional offices in Miami, Florida. LUDW has acquired various licenses and rights for revolutionary new methods of radio broadcasting. This technology attaches fifty new digital channels to an existing broadcast signal. This technology will allow Ludwig Enterprises to contractually acquire the right to utilize currently issued broadcast station spectrum. The company intends to deploy this technology into the fifty largest US demographic markets.

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 news papers (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. Capitalization and filing information may also be viewed at: http://www.pinksheets.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 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.

SOURCE: Ludwig Enterprises, Inc.

Ludwig Enterprises, Inc., Miami Investor Relations Information: investor_relations@ludwigent.com or Patrick Greenish, President, 786-235-9026 president@ludwigent.com

For full details for LUDW click here.

    


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