Tuesday, July 15, 2008 1:32:25 PM
Ulysses Holding Corp. Completes Acquisition of SecureNetView in Stock Swap Deal
Last update: 1:50 a.m. EDT April 8, 2008
FT. MOHAVE, AZ, Apr 08, 2008 (MARKET WIRE via COMTEX) -- Ulysses Holding Corp. (PINKSHEETS: UHCR) completes acquisition of SecureNetView, an online surveillance and monitoring services provider with national and international clientele.
Ulysses has swapped 67,634,400 restricted shares (for one year) for 13,526,880 (100% of all outstanding shares) of SecureNetView.
SecureNetView is valued at $10 Million, and will become a wholly owned subsidiary of Ulysses Holding Corp. The two companies will have estimated combined revenue of $5.5 Million per year immediately.
Dr. Bob Beverly will continue as the President of SecureNetView and report to the Board of Directors of Ulysses Holding Corp. and President & CEO Mr. Clayton Young.
"There is enormous potential for growth of Ulysses Holding Corp. in leveraging SecureNetView's state-of-the-art technology and management's knowledge in the online surveillance and monitoring sector on a global basis," said Clayton Young, President of Ulysses Holding Corp.
Mr. Young also stated, "Our first aggressive move will be to create a global sales force and also instituting an aggressive marketing campaign to significantly increase revenues per Dr. Bob Beverly's very accurate and realistic growth projections."
"The acquisition is continuing evidence of SecureNetView's commitment to the growth of its company and we could not be happier with Ulysses Holding Corp. as the acquirer; we have in place an aggressive growth plan that will be initiated immediately, increasing revenue to approximately $650,000.00 per month or more," said Dr. Bob Beverley, President of SecureNetView.
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