SOURCE: Ulysses Diversified Holdings Corporation

May 04, 2010 01:23 ET

Ulysses Diversified Holdings Corp. Updates Shareholders

WILMINGTON, DE--(Marketwire - May 4, 2010) - Ulysses Diversified Holdings Corp. (PINKSHEETS: UDHC) today provided an update to its shareholders.

For several months, the Company has diligently attempted to assure that the shareholders who held UDHC shares as of September 30, 2009, received their shares of KinderView Corporation. Delays occurred during the Company's dealings with the Depositary Trust & Clearing Corporation (DTCC) relating to the distribution. 

The Company was required by the DTCC to acquire a listing of non-objecting beneficial owners and the names of the brokers for objecting beneficial owners as of the date of the distribution. Because the list was in the past rather than a current list, Broadridge Financial Solutions needed more time than normal to compile the data. 

Now that the list has been acquired, the shares will be forwarded to the DTCC for distribution via brokers and ultimately placed in shareholder accounts or mailed directly to them. The Company will continue to update shareholders regarding this matter.

As to the Company's current posture pursuant to the articles of incorporation, as amended, on file with the Secretary of the State of Delaware, the number of authorized common shares remains at 100,000,000. During the Company's pursuit of business opportunities, it has not altered its share structure or requested any additional increase of the common shares.

The Company continues to pursue business opportunities including prospective real estate projects and or other potential opportunities. The Company expects to release additional details regarding these opportunities as they emerge over the next month. During this time, management of the Company has not accepted any compensation for their services as they continue to build revenue achieving projects.

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. 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:

    Media Relations
    Ulysses Diversified Holdings Corporation
    Investor Relations Department
    www.udhc.net
    (800) 402-8770