So, Monday we see how many shares of UHCR SecureNetView cost?
Ulysses Holding Corp. Updates the Acquisition of SecureNetView
Tuesday February 26, 9:39 am ET
JACKSONVILLE, NY--(MARKET WIRE)--Feb 26, 2008 -- Ulysses Holding Corp. (Other OTC:UHCR.PK - News) today announced the status of the pending acquisition of SecureNetView: www.securenetview.com.
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.
Ulysses Holding Corp. Announces an Aggressive Significant Acquisition
Tuesday February 5, 1:42 am ET
FT. MOHAVE, AZ--(MARKET WIRE)--Feb 5, 2008 -- Ulysses Holding Corp. (Other OTC:UHCR.PK - News) today announced it has reached an agreement to acquire a significant revenue-producing asset, SecureNetView: www.securenetview.com.
The Company has not or will not deviate from its original business plan of building a chain of retail optical stores; it has recognized a business opportunity within the online retail security arena.
SecureNetView is a well established online security monitoring company of nursery schools and other important retail outlets.
SecureNetView anticipates approximately $2,200,000 to $2,500,000 this year and with the technology involved, Ulysses Holding Corp. believes that the revenue can be doubled within the next year.
Ulysses Holding Corp. 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.
"We have reviewed this deal several times and even though it does not fit the company's total business plan of a chain of retail optical stores, we just could not pass on the terms and revenues it affords the company," said Clayton Young, President & CEO.
Dr. Bob Beverley, President, said, "We are glad that after hours of negotiations (Pacific Time), we were able to reach an agreement, as it is my belief that SecureNetView will be able to reach its fullest potential as a part of the Ulysses Holding Corp. family and I am fully committed and excited about this deal."
