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Ulysses Diversified Holdings Corporation Releases Additional Contract Developments
Ulysses Diversified (USOTC:UDHC)
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Today : Tuesday 19 April 2011
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Ulysses Diversified Holdings Corporation (PINKSHEETS: UDHC) provides an update today on recent company developments. We are pleased to announce that JNS Power & Control Systems, Inc. has been awarded two additional tenant build out contracts in the 300 North LaSalle Building – a 1.3 million square foot office tower located in downtown Chicago. This building has been the site of one of the largest projects undertaken by JNS Power since its inception in 2001. As a result of forward thinking and aggressive negotiations, JNS Power will continue to be provided the first right of refusal for future building automation installations. To date, contracts at this location have exceeded 2.4 million dollars and are expected to continue as this high rise fills to capacity. This 60-story skyscraper has already been awarded a LEED Gold Certification for its energy and resource efficiencies, which is congruent with UDHC’s recent endeavors into alternative energy sources and natural resource management.
JNS Power has also been awarded a contract to install a leak detection system in one of the Records Centers in the Chicago area and will be working with the region’s largest mechanical contractor to provide protection for approximately 80,000 cubic feet of historical records dating back to the 1800’s. Employees have already completed the pre-employment background checks to gain access to this facility and will begin work shortly. Unfortunately, due to confidentiality requirements for contracts of this nature, we are unable to disclose any additional information at this time and will be limited in our ability to provide such in the future.
“I am extremely encouraged by our exceptional first quarter results and especially proud of my staff. Their hard work over the last several months has directly resulted in the contracts awarded and continues to increase the performance of our company,” stated Jean Howe, President and Chief Executive Officer. “Our management team and I share the same goals for building a great company with considerable long term value for our shareholders.”
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.
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