Ludwig Enterprises Sucessful 1st Round Funding -- New CEO -- New Division

Rhea-AI Summary

Ludwig Enterprises Inc. (OTC PINK:LUDG) announced the successful completion of its first round of new project funding, receiving $200,000 in private equity. The company has divested from its financial services unit to focus on technology and health-related projects. On May 18, 2022, Anne Blackstone was appointed CEO and sole director of mRNAforLife, Inc., a subsidiary aimed at health field acquisitions. Following Jean Cherubin's retirement on June 1, 2022, Blackstone also became CEO and Director of Ludwig Enterprises, indicating a strategic shift back to core business interests.

Positive

• Successful completion of $200,000 in funding for new projects.
• Divestment from financial services allows focus on core technology and health initiatives.
• Appointment of a new CEO, Anne Blackstone, may bring fresh perspectives and leadership.

Negative

• Jean Cherubin's retirement could lead to leadership continuity concerns.

SPARKS, NV / ACCESSWIRE / July 5, 2022 / Ludwig Enterprises Inc. (OTC PINK:LUDG) Board of Directors announces Issuer has successfully completed its 1^st round of New Project Funding. The company has divested itself of its financial services unit and will return to its core business of technology and health related projects.

July 4^th Issuer filed its 2nd Quarter 2022 Information and Disclosure Statement including Financial Statements affirming receipt of $200,000 of private equity for new projects funding.

Issuer on May 18^th, 2022, formed mRNAforLife, Inc., Ms. Anne Blackstone CRNA, was named CEO and sole director. It is the intention of mRNAforLife to explore acquisitions of business enterprises or technologies that are related to the health field.

Over the next few weeks, the company expects to finalize and announce the expected target of its first new project.

On June 1^st after a decade of service as Issuer's CEO Mr. Jean Cherubin voluntarily retired. Prior to his retirement the board appointed Ms. Anne Blackstone to the dual role of CEO and Director of Ludwig Enterprises, Inc. as well as continuation of her position as CEO and Director of Ludwig's mRNAforLife, Inc. subsidiary. This action to be effective June 1, 2022

To continue the company's new momentum, Issuer is in the process of acquiring additional private funding for proposed new projects.

About Ludwig: Ludwig Enterprises, Inc. has been an innovative technology and health related company. Ludwig is endeavoring to return to and expand healthy living and other health technology products. The Board of Directors believes this course change returning to our core focus to be in the best interest of Ludwig shareholders.

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.

CONTACT:

Ludwig Enterprises,
Anne Blackstone,
786-235-9026

or

HQ@ludwigent.com

SOURCE: Ludwig Enterprises, Inc.

View source version on accesswire.com:
https://www.accesswire.com/707487/Ludwig-Enterprises-Sucessful-1st-Round-Funding--New-CEO--New-Division

FAQ

What is the recent funding announcement by Ludwig Enterprises Inc. (LUDG)?

Ludwig Enterprises announced it successfully completed its first round of new project funding, receiving $200,000 in private equity.

Who is the new CEO of Ludwig Enterprises Inc. (LUDG)?

Anne Blackstone was appointed as the new CEO and sole director of Ludwig Enterprises and its subsidiary, mRNAforLife, Inc.

What changes were made to Ludwig Enterprises Inc.'s business focus?

The company has divested its financial services unit to refocus on technology and health-related projects.

What is the impact of Jean Cherubin's retirement on Ludwig Enterprises Inc. (LUDG)?

Jean Cherubin's retirement raises concerns about leadership continuity, as he served for a decade.

What are the future plans for Ludwig Enterprises Inc. (LUDG)?

Ludwig Enterprises aims to acquire additional private funding for new projects and finalize its first target in the coming weeks.