News AGAIN!!
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.
