SOURCE: Ulysses Diversified Holdings Corp.

August 06, 2008 09:57 ET

Ulysses Diversified Holdings Corp. in Negotiations With a Major National Day Care Chain for Its SecureNetView Unit Products and Services

JACKSONVILLE, NY--(Marketwire - August 6, 2008) - Ulysses Diversified Holdings Corporation (PINKSHEETS: UDHC) today announced it has entered into formal negotiations to supply a major national day care operator with one thousand (1,000) plus locations.

The contract will consist of providing each of all one thousand plus locations with SecureNetView's patented surveillance technology, this technology enables parents to monitor their children at the day care centers from any cell phone, computer or any other hand-held device.

The company estimates monthly revenue from this one client account will range between $680,000 and $750,000 per month for an annual revenue flow of $8,160,000 to $9,000,000.

"We are very pleased to have this opportunity and believe that we are in the final stretch of obtaining this very lucrative contract, I am confident that our team will complete this deal by week's end," said Clayton Young, President.

Mr. Young also added, "Due to the sensitivity of the finalization of the contract by both parties, the client will be announced upon the completion of all executed contracts."

This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.

Contact Information

  • Contact:
    Ulysses Diversified Holdings Corp.
    Investor Relations
    Tel: 1-607-387-7353