SOURCE: Ulysses Holding Corp.

November 14, 2007 16:03 ET

Ulysses Holding Corp. After the Bell Announced Its First Acquisition

JACKSONVILLE, NY--(Marketwire - November 14, 2007) - Ulysses Holding Corp. (PINKSHEETS: UHCR) today after the bell announced its first Retail Optical Outlet acquisition.

The company has acquired Westtown Optical of Ithaca, New York. Westtown Optical has been serving the community since 1980 and serves retail, insurance and union member clients with a complete line of eye care products, and eye exams on premise. The company generates in excess of 1M dollars per year of revenues and has operated profitably for the last 20 plus years.

"Ulysses Holding will not change the name of the store nor will the company replace any of its current employees; in another words, it will be business as usual. However, the company will seek ways to increase revenues with an aggressive advertising and marketing campaign amongst other marketing tools," said Dawn P. Young, V.P. of Operations.

"We believe this first acquisition fits right into our company's business model, which is acquire profitable local area retail operations without changing the name or employees; thus, not diminishing brand loyalty within the community," said Mr. Young, President & CEO.

Mr. Young also added, "We have several other acquisitions in the pipeline utilizing the same scenario and business plan, local loyalty with the advantages of a large corporations purchasing and operational strength."

About Ulysses Holding Corp.:

Ulysses Holding Corp. is a start-up retail optical holding company with an aggressive plan towards rapid expansion and revenue growth within the next 12 months. The company will focus only on profitable outlets with an average or better industry margins.

The current authorized shares now are 12 Million. The 12 Million Authorized Shares consist of 2,000,000 Preferred Shares (restricted for two years in management's control with no conversion options to common) and 10,000,000 Common 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, 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.

Contact Information

  • Contact:
    Ulysses Holding Corp.
    Investor Relations
    Tel: 1-607-387-7353