Love the low floaters, I'll have to check out Ibub to see what they are saying...
Ulysses Holding Corp. Completes Reduction of the Company's Authorized Shares Ulysses Holding Corp. (PINKSHEETS: UHCR) today announced that it has completed the reduction of the company's authorized shares with The Secretary of State of Delaware, and now has the filed stamped resolution authorizing such.
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.
The company is currently reviewing several options to further reduce its Authorized Common Shares by an additional 2,000,000 to 3,000,000 shares by years end. The purpose for this additional reduction is to strive towards our objective of a share price between $1.00 and $2.00 per the current business plan now in place.
"We believe this objective to be very obtainable with the current assets in place and scheduled to come into the company and other certain assets under negotiations, the goal is to have the least amount of common shares available, as not to dilute the common shareholders and positioning the company for the sale of a separate class of restricted stock to Institutional Investors," said Mr. Young President & CEO.
Mr. Young also added, "We intend to raise additional acquisition and growth capital in this fashion, while achieving a share price worthy of a move to a more reputable trading arena."
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.
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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The company is currently reviewing several options to further reduce its Authorized Common Shares by an additional 2,000,000 to 3,000,000 shares by years end. The purpose for this additional reduction is to strive towards our objective of a share price between $1.00 and $2.00 per the current business plan now in place. ------------ sounds good!, bid is up!!
Posts: 2503 | From: connecticut | Registered: Mar 2005
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Ulysses Holding Corp. After the Bell Announced Its First Acquisition
Last Update: 4:03 PM ET Nov 14, 2007
JACKSONVILLE, NY, Nov 14, 2007 (MARKET WIRE via COMTEX) -- 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.
Posts: 723 | From: MotorCity | Registered: Jun 2006
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Related Quotes Sym. Price Chg. UHCR Trade News 0.11 0.04 Ulysses Holding Corp. After the Bell Announced Its First Acquisition
Nov 14, 2007 16:03:27 (ET)
JACKSONVILLE, NY, Nov 14, 2007 (MARKET WIRE via COMTEX) -- 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.
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this might actualy go somewhere, B/A now .12 X .14 and a new ( recently new ) MM just popped on the bottom of the ask side at .51 ( ACAP )
Posts: 2503 | From: connecticut | Registered: Mar 2005
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"The company has received several calls from shareholders about the possibility of dilution, the answer is a resounding no, as I intend to build this company with the least amount of shares outstanding (current 3,458,525 common shares in the float) as possible," said Mr. Young, President & CEO. ------- could be good, VERY LOW float. up about 100 percent over the last few days, currently at .14 ( low volume ) decent volume should move it up pretty quick.
Posts: 2503 | From: connecticut | Registered: Mar 2005
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Once we get more news here this thing will fly. I'm looking to buy at least 25,000 shares here if I can get them!
Posts: 630 | Registered: Jun 2006
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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Keep this on your radar. Its quiet now but once the news starts coming it could be another nice runner with its 3.5mil float.
Posts: 111 | From: nyc | Registered: Aug 2007
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Enjoy any run this might have but play it smart. You're looking at another pump and dump here. The only reason the float is 3 million is because of the recent reverse split. The CEO will tell you what you want to hear but this is just another dilution machine and you will get burned if you hold out for that dollar or 5 dollars that you're reading about. Guarantee you that in the long run this is headed to the micro penny arena.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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Ulysses Holding Corp. Signs Joint Venture-Development Deal With Island Associates Nov 26, 2007 9:46:00 AM JACKSONVILLE, NY -- (MARKET WIRE) -- 11/26/07 -- 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.