SOURCE: Ulysses Diversified Holdings Corporation

March 23, 2010 10:54 ET

Ulysses Diversified Holdings Corporation Updates Status of KinderView Share Distribution

NEW YORK, NY--(Marketwire - March 23, 2010) -  Ulysses Diversified Holdings Corporation (PINKSHEETS: UDHC) today reports the status of the KinderView share distribution balance for those shareholders who are eligible and maintain their Ulysses shares in a brokerage account.

The Company to date has sent all required documentation to the DTCC as requested. The DTCC has informed Ulysses that the distribution request is currently in underwriting and will inform Ulysses upon its completion as to when the remaining distribution of KinderView shares will be to those shareholders who hold their Ulysses shares in brokerage accounts.

The Company is aware that some shareholders that did not hold their Ulysses shares in a brokerage account and who have already received their KinderView shares have had some concerns regarding the lack of the printed cusip number on their certificates. The Company assures those shareholders that this should not be of concern as KinderView is a privately held company (does not trade) only maintains one class of common stock of which a cusip number (49457P 208) has been assigned for that class of stock by the cusip bureau and will apply only to that class of common stock exclusively regardless of it being visible on the certificate or not.

Ulysses assures all of its shareholders that it is working diligently to complete the distribution of the KinderView shares as it continues to pursue a range of business opportunities.

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.udhc.net
    (800) 402-8770