SOURCE: Ludvik Holdings, Inc.

November 10, 2016 10:00 ET

Ludvik Holdings Forms TechHoldings

WILLIAMSBURG, VA--(Marketwired - Nov 10, 2016) - Ludvik Holdings, Inc. announced today that it has formed a wholly owned subsidiary TechHoldings, Inc. The Company is in the business of acquiring and operating information technology companies.

Information Technology ("IT") companies are highly fragmented firms unable to meet the scale and breadth of large company demands. According to Deloitte, the market is expected to grow from $70 billion to more than $250 billion by 2017. The industry is highly fragmented with the 50 largest companies accounting for only about 40 percent of the revenues. At one end of the spectrum are the large technology conglomerates. These companies have broad service offerings and global reach which give them the ability to provide outsourcing services to big corporate customers; however, industry experts note that these firms are increasingly unable to react effectively and timely to the ever emerging needs of their customers. At the other end of the spectrum there is a huge concentration of highly fragmented firms unable to meet the scale and breadth of large company demands.

The company intends to acquire a number of Information Technology ("IT") companies to build its market presence through consolidation. The company is uniquely positioned to benefit from the trend back to enterprise solutions with its focus on wide-scale software, hardware, and user support. Industry experts predict a re-focus on Enterprise Solutions after many years of concentration on individualized computing. Indeed, as Paul Sallomi, Vice Chairman and US Technology Leader for Deloitte notes, "Enterprise quests for greater efficiency and competitive advantage through IT will drive significant tech sector growth in 2015 and beyond." Source: 2015 Technology Outlook, Deloitte US.

The acquisitions strategy is to create a diversified portfolio of companies. The target companies will have a combination of hardware, software and maintenance sales for recurring revenue. The acquisition strategy includes being able to identify synergistic intellectual property that can be added to the company's intellectual property portfolio.

The Company intends to complete the acquisition of existing subsidiaries and additional companies for a proforma sales of $50 million dollars in 2017, with a proforma Earnings Before Interest Tax and Depreciation ("EBITDA"), of $5 million dollars for 2017. TechHoldings, Inc. has recently retained an auditing firm to complete consolidated financial audit of the company's acquisitions and intends to become a publicly trading company in 2017.

The TechHoldings transaction is intended to provide a liquidity event for the shareholders of Ludvik Holdings, Inc. in the first quarter of 2017.

About Ludvik Holdings, Inc.

Ludvik provides advisory services to private and public companies and is focused on making investments to increase revenues and portfolio value. Ludvik provides long-term equity and debt investment capital to fund growth, acquisitions and recapitalizations of small and middle-market companies in a variety of industries primarily located in the U.S. (

Forward-Looking Statements:

This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those expressed or implied in the forward-looking statements as a result of a number of factors, including those described from time to time in company documents and. undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

Contact Information