SOURCE: Ulysses Holding Corp.

January 23, 2008 09:01 ET

Ulysses Holding Corp. Reports Better Than Expected Year End Earnings From Their First Store

JACKSONVILLE, NY--(Marketwire - January 23, 2008) - Ulysses Holding Corp. (PINKSHEETS: UHCR) today announced that revenues from its first store exceeded expected projections.

The company had expected revenues of around $750,000 for the year ended, instead revenues were $875,000 rounded up, the company is encouraged with the better than expected results.

"The company will continue to acquire under valued properties such as this one and with the expertise of management we will continue achieve better than expected results," said Clayton Young President and 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 with average or better industry margins.

The current authorized shares are 12 Million. The 12 Million Authorized Shares consist of 2,000,000 Preferred Shares (restricted for two years in management's control with no conversion options to common) and 10,000,000 Common Shares.

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 Holding Corp.
    Investor Relations
    Tel: 1-607-387-7353