JACKSONVILLE, NY, Nov 26, 2007 (MARKET WIRE via COMTEX) -- Ulysses Holding Corp. (PINKSHEETS: UHCR) today has announced that it has signed a Joint Venture-Development agreement with Island Associates.
The Companies will jointly build or acquire six locations throughout Long Island, New York; they will be prototypical of the Ulysses Westtown location. Each company will own a Fifty Percent (50%) Interest in the six locations with all expenses and profits shared equally. However Ulysses Holding Corp. will receive a management fee of 10% as the Managing partner.
The company expects its estimated share of revenues to the balance sheet from the six store joint venture to be $3,200,000 to $3,600,000 per annum.
"We are extremely pleased with this joint venture as it accelerates the number of stores the company will have under management while allowing the company to meet or exceed its objective regarding the number of units for its first year in business," said Mr. Young President & CEO.
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 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.
About Island Associates:
Island Associates is a private investment group specializing in the retail medical and optical sector. The group acts only as an investor and does not participate in any day to day management of its investments.
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.
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Related Quotes Sym. Price Chg. UHCR Trade News 0.08 0 Ulysses Holding Corp. Secures Pertinent Domain Names for Its BusinessOperations
Dec 5, 2007 09:03:16 (ET)
JACKSONVILLE, NY, Dec 05, 2007 (MARKET WIRE via COMTEX) -- Ulysses Holding Corp. (PINKSHEETS: UHCR) today announced that it has secured the domain names of buyoptical.com and westtownoptical.com as these names are essential to the company's online presence and marketing strategy.
The first domain name secured was buyoptical.com, which will when completed direct consumers to the company's online store. At this time the company in its internet infancy will utilize an affiliate type strategy, meaning that the company will offer eyewear from other larger online suppliers via affiliate agreements and receive an 8% to 12% commission on all sales generated from its website.
The second domain name that the company has secured is westtownoptical.com, which will be utilized as an online presence for its first store (currently they have no internet presence) the website is currently under construction and is expected to be completed within the next week to two weeks.
"The company continues to add additional revenue producing ideas to its business, and will continue to grow its website presence thru online sales and discounts and money saving offers from manufactures thru its website as to increase consumer loyalty, while building a strong online presence and revenues," said Dawn Young V.P. of Operations.
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 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.
About Island Associates:
Island Associates is a private investment group specializing in the retail medical and optical sector. The group acts only as an investor and does not participate in any day to day management of its investments.
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.
posted
The current authorized shares 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.
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT! Posts: 9276 | From: San Diego CA | Registered: Jul 2006
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Ulysses Holding Corp. Engages Broker to Facilitate Additional Acquisitions 8:16a ET December 6, 2007 (Market Wire) Ulysses Holding Corp. (PINKSHEETS: UHCR) today announced that it has engaged Bridge Brokers to facilitate locating additional potential acquisitions.
The company has signed several confidentiality agreements regarding certain locations for sale. We, the company, expect an acquisition or two out of this relationship and are pursuing this vigorously.
"I expect, at the very least, to acquire one or more of these opportunities," said Clayton Young, CEO & President.
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 average or better industry margins.
The current authorized shares 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.
posted
Dropped the ask to .065 on a 5000 share trade. I guess that one person didnt like the news. I do though. TMAN...
Ulysses Holding Corp. Has Agreed to Accept a 20 Million Dollar Line of Credit to Acquire Additional Retail Optical Outlets 8:53a ET December 11, 2007 (Market Wire) Ulysses Holding Corp. (PINKSHEETS: UHCR) today announced that it has agreed to a 20 Million Dollar line of credit specifically for the purchase of retail optical outlets.
The company has accepted this unsolicited offer of financing to acquire additional retail optical stores, the financier has specified that they are aware of the company's business plan and the industry and its potential high return on investments and believes that this investment is in the best interest of their investing objectives.
"The company and myself have agreed to this investment capital, but we will accept their funding only under our conditions, if it makes sense for the company and the shareholders. We will not harm the growth of the company by dilution or negligent decisions," said Clayton Young, President & CEO.
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 average or better industry margins.
The current authorized shares 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.
posted
Related Quotes Sym. Price Chg. UHCR Trade News 0.06 0.01 Ulysses Holding Corp. Clarifies the 20 Million Dollar Line of Creditto Be Used for Additional Retail Optical Outlet Acquisitions
Dec 12, 2007 09:03:01 (ET)
JACKSONVILLE, NY, Dec 12, 2007 (MARKET WIRE via COMTEX) -- Ulysses Holding Corp. (PINKSHEETS: UHCR) previously announced that it had agreed to a 20 Million Dollar line of credit, specifically for the use of acquiring additional retail optical outlets.
The company would like to clarify the terms and conditions of the line of credit. It can only be utilized to acquire new locations that meet the company's and lender's stringent guidelines. It cannot be used for any type of working capital or any other purpose. All new acquisitions will be encumbered with a UCC agreement on all inventory and equipment and mortgages on outlets that would include the purchase of the real estate if that is involved in the acquisition.
This strategy is in line with the company's overall business plan, which is to grow the company with debt financing as opposed to equity (sale of common stock) financing. The amount of the line of credit is due to the fact that certain outlets under negotiations will require the acquisition of the optical business and the buildings (free standing operations) and land.
The company's business plan also calls for ten to fifteen retail outlets within the first twelve months of operations and twenty to thirty additional outlets within the second twelve months of operations with an overall objective of a minimum thirty to thirty five outlets within a twenty four month period.
"The company and the lender/investors have agreed to this amount of credit line so that the company will have a reasonable chance of success. I remain steadfast on no dilution of the company's common shares as this would be counter-productive to our overall business plan which is to have a profitable operation with multiple locations and a share price that will truly reflect the company's value," said Clayton Young President & CEO.
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 average or better industry margins.
The current authorized shares 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.
posted
Ulysses Holding Corp. Directors, President and CEO Approve an Additional Reduction of the Company's Authorized Common Shares
Tuesday January 8, 9:14 am ET
The current authorized shares are 12 Million; the company will file the appropriate resolution with the Secretary of State of Delaware this week to further reduce the authorized shares from 12 Million to 10 Million for a total additional reduction of 2 Million Shares. The company expects the entire process to be completed within 2 to 3 business days.
The 10 Million Authorized Shares will consist of 2,000,000 (restricted for two years in management's control with no conversion options or warrants to common) and 8,000,000 Common Shares. The company had previously announced that it was considering this action and now will do so.
"The company is taking this action to jump start its share price as it is management's belief that with the current revenues and assets of the company, the share price is not in line with the value of the company; in addition, with current additional assets coming into the company, this move will help the share price. The company is in a unique situation as it does not need to raise capital by selling shares as it is the intent of the company to use debt financing (already in place) to finance additional acquisitions and opening of new stores," said Mr. Young, President & CEO.
Mr. Young also stated, "The balance of common shares will remain in the company's treasury as a cushion for any possible acquisition that may require shares; if any shares are required for an acquisition they will only be issued as restricted."
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 average or better industry margins.
Current Corporate Share Structure:
2,000,000 Preferred Shares Outstanding
4,148,462 Common Shares Outstanding In The Public Float
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.
posted
EOD up 200% Keep an eye on this one. More news on acquisitions and we could get a nice pop.
"The company's business plan also calls for ten to fifteen retail outlets within the first twelve months of operations and twenty to thirty additional outlets within the second twelve months of operations with an overall objective of a minimum thirty to thirty five outlets within a twenty four month period".
Ulysses Holding Corp. Enters Two New Long Term Lease Agreements to Establish Two New Optical Centers in Major Markets
Wednesday January 9, 9:02 am ET
JACKSONVILLE, NY--(MARKET WIRE)--Jan 9, 2008 -- Ulysses Holding Corp. (Other OTC:UHCR.PK - News) today announced that it has negotiated two new lease agreements in major markets to establish and build out two new retail optical centers.
The company has entered into two long term lease agreements to establish and build out two new retail outlets under its Westtown Optical Brand, the first location will be in New Jersey and the second location will be in the Metropolitan New York Area.
The company will build out its New York Metropolitan outlet as a flagship optical superstore, thus creating name recognition for its other outlets going forward.
The company will fund this activity via its established line of credit, with no dilution in equity to its shareholders.
"We are very focused on achieving our previously stated goals of growth of 12 to 15 outlets within the first year of business and these leases are a great start towards those goals. We will continue to find the best opportunities in the multi-billion dollar vision industry and capitalize on them as we strive towards our objective," said Clayton Young President & CEO.
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 average or better industry margins.
Current Corporate Share Structure:
2,000,000 Preferred Shares
4,148,462 Common Shares Outstanding In The Public Float
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.
Ulysses Holding Corp. Acquires Two Additional Retail Outlets
Thursday January 17, 9:48 am ET
JACKSONVILLE, NY--(MARKET WIRE)--Jan 17, 2008 -- Ulysses Holding Corp. (Other OTC:UHCR.PK - News) today announced that it has negotiated the acquisition of two additional retail outlets.
The company has issued restricted stock and will also pay some cash for this acquisition; this is keeping within the previously announced capitalization plans of the company. The share structure will remain the same with the public float not changing and the previously announced reduction of authorized common shares to eight million.
With this acquisition of two additional outlets and the two outlets under construction along with the one already operating, the company will have a minimum of five outlets operating within the first quarter and will be well on its way towards the stated objective of fifteen outlets by year's end.
The company anticipates on a pro-rata basis revenues of approximately $750,000 to $1,000,000 million dollars per outlet per year.
"We are very pleased with this acquisition as it adds two new outlets to our growing portfolio, we are equally pleased that this deal was able to be made with 75% of the company's restricted stock and the balance in cash, this was achieved because of the seller's belief in the company's business plan and the potential for appreciation in the share price of the sellers restricted shares in one year," said Clayton Young, President & CEO.
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 or locations with average or better industry revenues/margins.
Current Corporate Share Structure:
2,000,000 Preferred Shares
4,148,462 Common Shares Outstanding In The Public Float
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.
posted
Ulysses Holding Corp. Reports Better Than Expected Year End Earnings From Their First Store Wednesday January 23, 9:01 am ET
JACKSONVILLE, NY--(MARKET WIRE)--Jan 23, 2008 -- Ulysses Holding Corp. (Other OTC:UHCR.PK - News) today announced that revenues from its first store exceeded expected projections.
ADVERTISEMENT The company had expected revenues of around $750,000 for the year ended, instead revenues were $875,000 rounded up, the company is encouraged with the better than expected results.
"The company will continue to acquire under valued properties such as this one and with the expertise of management we will continue achieve better than expected results," said Clayton Young President and CEO.
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 average or better industry margins.
The current authorized shares 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.
Ulysses Holding Corp. Executive Management and Directors Have Approved a 1 for 1 Stock Dividend to All Common Shareholders Tuesday January 29, 12:26 am ET
JACKSONVILLE, NY--(MARKET WIRE)--Jan 29, 2008 -- Ulysses Holding Corp. (Other OTC:UHCR.PK - News) today announced that Executive Management and Directors have approved a 1 for 1 Stock Dividend to all Common Shareholders.
ADVERTISEMENT Management has decided to take this action based on the advice of its Financial Advisors, as to increase liquidity in the Company's Securities. The 1 for 1 Stock Dividend is for all Common Shareholders only and will not include Management as they do not hold any Common Shares.
The Stock Dividend will be payable to Shareholders of record on February 11, 2008 and will be payable to Shareholders on February 29, 2008.
"I have on the advice of the company's Financial Advisors decided that this action will be in the best interest of the Company and its Shareholders as the Company's Securities have become stagnant due to the fact that we believe the float is too low, after the Dividend the public float will be a very reasonable 8,296,924 thus bringing the company's market cap to a still very undervalued $414,846 from the current market cap of $207,423," said Clayton Young President & CEO.
Mr. Young also added, "The company and its advisors believe that since the very small float after the Dividend will not have any negative impact on its share price."
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 or locations with average or better industry revenues/margins.
Current Corporate Share Structure:
2,000,000 Non Convertible Preferred Shares (In Managements Control)
4,148,462 Common Shares Outstanding In the Public Float
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.
quote:Originally posted by Homersbud: I like. Wonder if these divys will be restricted?
I would think not, PR said they want to increase liquidity so they should be free trading. at least thats the way i read it.
Posts: 2503 | From: connecticut | Registered: Mar 2005
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posted
I think this is great news, I'll be buying! The shares will be free trading as they want to increase the float.
Posts: 630 | Registered: Jun 2006
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posted
This is going to be sweet, people should be scooping up share like crazy here. CEO has a great plan for 2008 and is actively pushing to get this over $1.
You don't see that too often in the stocks.
Posts: 630 | Registered: Jun 2006
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