SOURCE: Ulysses Diversified Holdings Corporation

December 15, 2008 08:31 ET

Ulysses Diversified Holdings Corporation Completes Distribution of Shares to SecureNetView Shareholders

JACKSONVILLE, NY--(Marketwire - December 15, 2008) - Ulysses Diversified Holdings Corporation (PINKSHEETS: UDHC) announced today that it has completed the distribution of 44,888,834 Restricted Shares (for one year) per the acquisition agreement.

SecureNetView was acquired by Ulysses in a five for one share exchange; with the addition of SecureNetView's 712 shareholders the Company now has a shareholder base of approximately 1000.

The Company's capitalization with this share payment is as follows:

Total Authorized Common Shares:                 100,000,000
Total Outstanding Shares:                        92,921,624
Total Restricted Shares:                         44,888,834
Total Shares In the Company Treasury:            21,200,000
Total Shares In the Public Float:                26,832,790

"I would again like to welcome and thank all of the SecureNetView shareholders for their cooperation and patience during the completion of this share exchange process; I again also would like to thank our Company's transfer agent for their very hard work and assistance in coordinating the share exchange," said Clayton Young, President and CEO.

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.

http://www.ulyssesholding.com

Contact Information

  • Contact:
    Ulysses Diversified Holdings Corp.
    Investor Relations
    Tel: 1-607-387-7353
    Website: www.ulyssesholding.com