SOURCE: Ulysses Holding Corp.

January 17, 2008 09:48 ET

Ulysses Holding Corp. Acquires Two Additional Retail Outlets

JACKSONVILLE, NY--(Marketwire - January 17, 2008) - Ulysses Holding Corp. (PINKSHEETS: UHCR) today announced that it has negotiated the acquisition of two additional retail outlets.

The company has issued restricted stock and will also pay some cash for this acquisition; this is keeping within the previously announced capitalization plans of the company. The share structure will remain the same with the public float not changing and the previously announced reduction of authorized common shares to eight million.

With this acquisition of two additional outlets and the two outlets under construction along with the one already operating, the company will have a minimum of five outlets operating within the first quarter and will be well on its way towards the stated objective of fifteen outlets by year's end.

The company anticipates on a pro-rata basis revenues of approximately $750,000 to $1,000,000 million dollars per outlet per year.

"We are very pleased with this acquisition as it adds two new outlets to our growing portfolio, we are equally pleased that this deal was able to be made with 75% of the company's restricted stock and the balance in cash, this was achieved because of the seller's belief in the company's business plan and the potential for appreciation in the share price of the sellers restricted shares in one year," said Clayton Young, President & CEO.

About Ulysses Holding Corp.:

Ulysses Holding Corp. is a start-up retail optical holding company with an aggressive plan towards rapid expansion and revenue growth within the next 12 months. The company will focus only on profitable outlets or locations with average or better industry revenues/margins.

Current Corporate Share Structure:

2,000,000 Preferred Shares

4,148,462 Common Shares Outstanding In The Public Float

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.

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