SOURCE: Ulysses Diversified Holdings Corporation

November 11, 2008 08:56 ET

Ulysses Diversified Holdings Corporation to Start Mailing Shares of Ulysses to SecureNetView Shareholders per the Acquisition Agreement

JACKSONVILLE, NY--(Marketwire - November 11, 2008) - Ulysses Diversified Holdings Corporation (PINKSHEETS: UDHC) announced today that it will start the exchange effective immediately of Ulysses shares for those of SecureNetView shareholders this week.

SecureNetView which was acquired by Ulysses in a five for one share exchange will start mailing out the stock certificates immediately, the company realizes that it has taken some time to get this exchange in place and apologizes as it was quite a cumbersome undertaking as there are 712 SecureNetView shareholders.

The share exchange will have no effect on the company's current authorized share structure of (102 Million Total - 100 Million Common and 2 Million Preferred) the new shares being issued for the exchange will be restricted for 1 year from the date of issuance and will not have any immediate impact on the current public float.

Upon the completion of the exchange Ulysses will perform an audit of its complete share structure and as previously announced reduce its authorized share structure by some 20 million or more if possible.

"I would like to Welcome and thank all of the SecureNetView shareholders for their cooperation and patience in this very hectic process; I would also like to thank our company's transfer agent for its very hard work in coordinating the share exchange and the time and effort spent by its staff," 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