May 01, 2008 09:33 ET

Wall Street News Alert: LUDW, Thursday's Hot Stock to Watch! May 1, 2008

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL--(Marketwire - May 1, 2008) - Wall Street News Alert's "stocks to watch" this morning are: Ludwig Enterprises, Inc. (PINKSHEETS: LUDW), XM (NASDAQ: XMSR), SIRIUS Satellite Radio (NASDAQ: SIRI) and CBS Corp. (NYSE: CBS).

Ludwig Enterprises, Inc., (PINKSHEETS: LUDW), a specialized entrant into the HD FM radio market, has just issued positive news, and the company should have investors monitoring the stock closely. Yesterday after the markets closed, the company issued a press release announcing that it has hired Bodhan Stryzak as Senior Engineer. Mr. Stryzak fills the critical position which will lead Ludwig's efforts to establish a new national digital radio service.

Mr. Stryzak holds a B.S.E.E. He has worked in the data transmission and power management industries for such companies as American Electric Controls, Inc., National Multiplex, Inc. and Pegasus Data, Inc. His responsibilities have included design of frequency agility for software radio, data disk storage devices and flash memory data collection devices. Recently he has been responsible for design of various parts of a patented data/audio set top box. He has published various papers in trade journals in Microwave and RF Design and Mobil and Portable and Mobile by Design Magazine. He has made engineering presentations at numerous Penton Publishing technical symposiums. Several of the papers related to SCA radio.

The company also recently reported this month the purchase of the test equipment of Pegasus Data, Edison, NJ. Included in the purchase is the necessary laboratory equipment for Ludwig to continue its engineering and enhancement of a state of the art receiver and transmitter for its new Digital FM Radio Service.

The company believes this purchase will greatly reduce the time for it to equip and begin operations of its own test facility. Ludwig's staff has been utilizing this equipment at Pegasus's facility for most of 2007. Hal Walker, president of Pegasus Data said he believed Ludwig's purchase would facilitate a smooth transition to Ludwig's operation of its own laboratory.

Investors are urged to continue to monitor the progress of the company! Ludwig Enterprises (LUDW) has acquired license rights for a revolutionary new method of radio broadcasting. This technology attaches fifty new digital broadcast channels to an existing FM radio signal. This technology will allow Ludwig Enterprises to contractually acquire the right to utilize currently issued FM radio station spectrum with minimal regulatory requirements. The company intends to deploy this technology into the fifty largest US demographic markets.

Ludwig Enterprises, Inc. has chosen not to compete with the major radio networks offering "top 50 programming" but to focus on the underserved or un-served foreign language market. 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 twenty-four hour a day specialty channels focusing on: old time radio programs, readings of local and national newspapers (without commentary), specialty music channels including jazz and music forms not played on conventional stations, and educational programming.

Before the news was released, the stock closed Wednesday at Seventeen cents a share.

For Wall Street News Alert's in-depth profile of Ludwig Enterprises, visit http://www.WallStreetNewsAlert.com/HotStocks/LUDW043008/default.aspx.

XM (NASDAQ: XMSR) down 4.3% on 3.5 million shares traded.

XM is America's number one satellite radio company with more than 9 million subscribers. Broadcasting live daily from studios in Washington, DC, New York City, Chicago, Nashville, Toronto and Montreal, XM's 2008 lineup includes more than 170 digital channels of choice from coast to coast: commercial-free music, premier sports, news, talk radio, comedy, children's and entertainment programming; and the most advanced traffic and weather information.

SIRIUS Satellite Radio (NASDAQ: SIRI) down 4.8 % on 31 million shares traded.

SIRIUS, "The Best Radio on Radio," delivers more than 130 channels of the best programming in all of radio. SIRIUS is the original and only home of 100% commercial free music channels in satellite radio, offering 69 music channels. SIRIUS also delivers 65 channels of sports, news, talk, entertainment, traffic, weather and data.

CBS Corp. (NYSE: CBS) down 0.5% on 8.2 million shares traded.

CBS RADIO, the CBS Corporation division consisting of 140 major market radio stations, and Last.fm, the CBS-owned music and social networking Web site, today announced a strategic partnership designed to expand the reach of each. In so doing, they will enhance the content and features available on their sites, and open the door to cross-promotional opportunities throughout their respective platforms.

Market Commentary:

"The economy grew at just a 0.6 percent pace during the first quarter as housing and credit problems forced people and businesses to tighten up on their spending. The country's economic growth during January through March was the same as in the final three months of last year, the Commerce Department reported Wednesday," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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