SOURCE: Ulysses Diversified Holdings Corporation

September 09, 2008 01:30 ET

Ulysses Diversified CEO Young to Buy 3M Shares on the Open Market

JACKSONVILLE, NY--(Marketwire - September 9, 2008) - Ulysses Diversified Holdings Corporation (PINKSHEETS: UDHC) said Tuesday that President and Chief Executive Clayton Young will make an open market purchase of 3 million of his company's shares with personal funds.

"This announcement is being made void of any insider knowledge or considerations and prior to any roll out of new products or clients. It is a prudent investment for my family and myself at this time," said Clayton Young, President and CEO of Ulysses Diversified Holdings Corporation.

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