SOURCE: Ulysses Diversified Holdings Corporation

October 14, 2009 09:10 ET

Ulysses Diversified Holdings Corporation Commences KinderView Share Distribution

NEW YORK, NY--(Marketwire - October 14, 2009) - Ulysses Diversified Holdings Corporation (PINKSHEETS: UDHC) today announced that it has begun distributing the previously announced spinoff shares of the privately held KinderView Corporation.

The Company will be sending out the KinderView shares via U.S. Postal Service to shareholders' addresses of record commencing this week and expects the process to be completed within the next three to four weeks.

The Company has set up a dedicated email address (sharedistribution@ulyssesholdings.com) for any shareholder of record on September 30, 2009 who believes that they are entitled to the spinoff shares and who do not receive them within the next three to four weeks.

Transaction recap as previously announced:

Ulysses Diversified Holdings Corporation received ten million shares of KinderView, Inc., a New York privately held 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.

The transaction will not alter 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.

If you are a shareholder on September 30, 2009, you will be eligible for the ten shares of the private company for every one share of UDHC, the public company, and Ulysses will distribute those shares within the following ten business days. 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