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UHCR - A/S Reduction confirmed! wowza!
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[QUOTE]Originally posted by tmanfromtexas: [QB] news out today. Divy out Monday. TMAN... Ulysses Holding Corp. Updates the Acquisition of SecureNetView 9:39a ET February 26, 2008 (Market Wire) Ulysses Holding Corp. (PINKSHEETS: UHCR) today announced the status of the pending acquisition of SecureNetView: [URL=http://www.securenetview.com.]www.securenetview.com.[/URL] UHCR's accountants and attorneys have completed all of their due diligence and have advised the company to move forward with the acquisition based on their findings. UHCR will pay SecureNetView (a privately held company) restricted stock; the transaction will be in the form of a share swap, five shares of UHCR restricted common stock (for one year) for one share of SecureNetView's privately held shares. The actual share count for the acquisition will be released once it is determined by the accountants, it is the intent of the company to pay the least amount of "restricted shares" as possible as UHCR is committed to the least amount of outstanding shares possible. "We have eagerly awaited the approval for the go ahead on this deal from the accountants and attorneys from day one, as we know the growth potential and the current revenue stream is exceptional of SecureNetView and we are happy that the professionals see it the way we do," said Clayton Young President & CEO. Mr. Young also stated, "That the company is very excited to add the revenues of SecureNetView to its balance sheet along with its growth potential, it's a rare day when a small company like ours gets the opportunity to acquire a company such as SecureNetView and we will take full advantage of the opportunity afforded us." Dr. Bob Beverley, President of SecureNetView, said, "We are extremely excited about UHCR's management's acceptance of this acquisition and look forward to working with them in a smooth transition of our company with theirs, I have to say UHCR and their accountants have wrung us through the ringer with their due diligence and I am completely satisfied that our company met all their standards." 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: Ulysses Holding Corp. Investor Relations Tel: 1-607-387-7353 Email Contact: Email Contact Website: [URL=http://www.ulyssesholding.com]www.ulyssesholding.com[/URL] SOURCE: Ulysses Holding Corp. http://www2.marketwire.com/mw/emailprcntct?id=21700CD67F532BB8 http://www.ulyssesholding.com [/QB][/QUOTE]
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