Business
Ludwig Enterprises First Strategic Venture of 2020
Ludwig Enterprises First Strategic Venture of 2020.
About this update from Ludwig Enterprises, Inc.
[{"type":"text","content":"SPARKS, NV / ACCESSWIRE / February 3, 2020 / Ludwig Enterprises Inc., (OTCPINK:LUDG) Board of Directors are pleased to announce the company's first strategic 2020 venture with Miller Title LLC, a full service title insurance company based in Plano Texas.A 50/50 joint venture has been executed between Miller Title LLC and Ludwig Enterprises Inc. to be called Miller Equity Partners, LLC. The joint venture will be primarily operated by the specialist and professions of Miller Title LLC supported by the back office and financial resources of Ludwig Enterprises, Inc.Ludwig's first 2020 acquisition of Miller Equity Partners, LLC is part of Ludwig's long term strategy to acquire or formulate relationships in financial services oriented businesses.Ludwig's in 2019 acquired Direct Mortgage Investors Inc. including 4 regional offices serving 14 states with 75 employees serves as a base to implement Ludwig's strategy growth plan. During fiscal year 2018 Direct did $2.4 million in revenue. For the first nine month of the 2019 year Direct Mortgage reported revenue of $3.99 million.About Ludwig Enterprises Inc.Ludwig Enterprises Inc. is the parent company for Direct Mortgage Investors Inc. and Miller Equity Partners LLC. Ludwig's role is to decrease long terms subsidiary cost by unified cost controls including providing subsidiaries with consolidated work centers such as HR, accounting, legal and the like. Ludwig intends to further increase subsidiary revenues by diversifying its revenue stream through purchasing or partnering with companies that offer title insurance, life insurance, banking services and other settlement services to expand product availability to all subsidiaries.About Direct Mortgage, Inc.Ludwig's wholly owned subsidiary, Direct Mortgage, offers Federal Housing Authority (FHA),Veterans Affairs (VA) and other profitable mortgage products to home buyers with 4 regional offices serving 14 states with 75 employees. During fiscal year 2018 Direct did $2.4 million in revenue. For the first nine month of the 2019 year Direct Mortgage reported revenue of $3.99 million.About Miller Equity Partners, LLC.Miller Equity Partners LLC is a 50/50 joint venture between Ludwig Enterprises and Miller Title LLC.About Miller Title, LLC.Miller Title, LLC is a full service title and real estate settlement provider that...