SOURCE: Ulysses Diversified Holdings Corporation

November 20, 2008 00:21 ET

Ulysses Diversified Holdings Corporation Files for Patents Regarding Certain Unique Technology Developed

JACKSONVILLE, NY--(Marketwire - November 20, 2008) - Ulysses Diversified Holdings Corporation (PINKSHEETS: UDHC) announced today that it has started the process of patenting certain significant proprietary technology developed by the company's research and development team.

The technology consists of a new video streaming system. The system will be marketed as an ASP (Application Service Provider), providing video streaming hardware that will broadcast live video via wireless cameras to multiple clients simultaneously.

The system features a high quality 25 FPS progressive video feed that will require a very low bandwidth, digital PTZ (Pan Tilt Zoom) operations and minimal instillation requirements, with a 802.11 wireless camera.

SecureNetView has developed this (pending patent) system independent of any outside sources, the company retained several patent attorneys to protect its intellectual property.

The company estimates that it has spent on research, development and perfecting this technology in excess of $2,800,000, this estimate does not include other technology under research and development. The company will announce further research and development advances as they are perfected.

All technology developed by employees and/or contracted individuals or companies for Ulysses Diversified Holdings Corporation or its subsidiaries/affiliates are and will remain the property of the company.

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.

http://www.ulyssesholding.com

Contact Information

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