POMPANO BEACH, Fla., July 16, 2012 /PRNewswire/ -- Ludwig Enterprises, Inc. (LUDG:OTC) Board of Directors announces Canadian Patent Application 2,671,885 has reached another milestone and is proceeding toward patent issuance as is required under terms of its 10 year multi-million dollar licensing agreement for deployment of Ludwig's Technology into the Canadian Market.
Under terms of the agreement Worthington Financial Services, Inc. has agreed to purchase licensing rights to the technology owned by Ludwig for the transmission of 50 audio channels over the new digital TV networks within Canada, called "TheOne"™ radio. Initial projections indicate that upon completion of network build-out Ludwig should receive approximately $18 million per year in licensing fees.
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.
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