SOURCE: Ulysses Diversified Holdings Corporation

June 23, 2009 09:01 ET

Ulysses Diversified Holdings Corporation Announces That It Has Agreed to Sell All of Its Assets in SecureNetView

JACKSONVILLE, NY--(Marketwire - June 23, 2009) - Ulysses Diversified Holdings Corporation (PINKSHEETS: UDHC) today announced that it has agreed to sell all of the assets of its subsidiary SecureNetView to a privately held company.

The sale is expected to be completed on or before the end of July, 2009 and will pay each UDHC shareholder one share of the privately held acquisition company's stock (par value 0.10) for each ten shares held of UDHC. This transaction will not effect UDHC shareholders' current holdings as they will still own their current shares and will receive additional shares in the privately held Company.

This transaction has been on the table for some time and was orchestrated and approved by the late President & CEO Mr. Clayton Young. Current management agrees with the prior negotiated aspects of this sale and the value it will bring to its shareholders. Further details will be announced as they become available.

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:

    Charles Wolff Esq.
    6214 Podunk Rd.
    Trumansburg, NY 14886
    (607) 592-4585