SOURCE: Ulysses Diversified Holdings Corporation

September 15, 2009 09:03 ET

Ulysses Diversified Holdings Corporation Announces Completion of the Sale of Assets and Shareholder Payment Schedule

NEW YORK, NY--(Marketwire - September 15, 2009) - Ulysses Diversified Holdings Corporation (PINKSHEETS: UDHC) today announced that it has completed the agreed sale of all the assets of its subsidiary SecureNetView to a privately held company.

Ulysses Diversified Holdings Corporation has received 10 million shares of KinderView, Inc., a New York Corporation, as payment and will pay each UDHC shareholder one share of the privately held KinderView, Inc. company's stock (par value 0.10) for each ten shares held of UDHC. This transaction will not affect the UDHC shareholders' current holdings as they will still own their current shares and will receive the additional shares in the privately held KinderView, Inc.

The shares will be paid/distributed to shareholders of record on September 30, 2009. This sale of assets essentially will give the original SecureNetView shareholders back the same amount of shares they originally tendered plus a premium of the UDHC shares now in their possession.

The additional non original SecureNetView shareholders will retain their current UDHC shares and gain a premium of the KinderView, Inc. 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. 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 Corporation
    Investor Relations Department
    www.ulyssesholdings.com

    (800) 402-8770