JNS Holding Corp (JNSH)

[dcrutgers]

NEWS!

JACKSONVILLE, NY, Aug 04, 2008 (MARKET WIRE via COMTEX) -- Ulysses Diversified
Holdings Corporation (PINKSHEETS: UDHC) today announced that its Board of
Directors over the weekend has approved a twenty (20) percent reduction of the
company's authorized common shares.

This corporate action will reduce the current authorized common shares from one
hundred million (100) to eighty million (80) common shares with an overall share
structure of:





80,000,000 Common Shares

53,642,312 Restricted Shares (for one year/utilized for the SecureNetView

acquisition)

19,800,000 Common Shares (Being Held in the Company Treasury for Pending

acquisitions)

6,557,688 In the Public Float



The Board of Directors also authorized per corporate resolution that if current
pending acquisitions are not executed within the next thirty (30) days that the
19,800,000 common shares being held in the company's treasury will be returned
to the Transfer Agent and further reduce the authorized common shares by the
same equal amount (19,800,000).

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.





Contact:



Ulysses Diversified Holdings Corp.

Investor Relations

Tel: [phone]

Website: www.ulyssesholding.com





SOURCE: Ulysses Diversified Holdings Corp.




CONTACT: http://www.ulyssesholding.com




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SUBJECT CODE: Electronics and Semiconductors:Electronic Components

Electronics and Semiconductors:Optical Components