JNS Holding Corp (JNSH)

[TraderRick47]

Here's a FLUFF PR one on many for 2008
btw where did the 20 million shares being held for pending acquisitions go??



SOURCE: Ulysses Diversified Holdings Corp.
Jun 16, 2008 11:55 ET
Ulysses Diversified Holdings Updates Shareholders as to a Dividend Overpayment Error and Current Share Structure

JACKSONVILLE, NY--(Marketwire - June 16, 2008) - Ulysses Diversified Holdings Corporation (PINKSHEETS: UDHC) today issued the following findings by its special auditors regarding an overpayment of Dividend Shares as declared previously by the Company; the following is a clarification and sequence of events:

1) UDHC, formerly UHCR, on January 29, 2008 declared a 1 for 1 stock dividend payable to all common shareholders of record on February 11, 2008 and payable February 29, 2008.

2) On February 4, 2008 the company announced that to be eligible for the dividend you must purchase your shares no later than February 7, 2008 thus after settlement (3-day weekends and holidays excluded) to be recognized as a shareholder of record on February 11, 2008 of which would entitle payment of the dividend (Ex Dividend Date).

3) NASDAQ changes the company's Ex Dividend Date, shareholder of record date and pay date.

4) April 17, 2008 the company officially changes its name and has obtained a new CUSIP number as the company is now aware of a problem with the payment of dividend shares to shareholders who were not entitled to such payment.

5) April 18, 2008 the company retains special counsel to review the entire process and distribution and payment of the dividend shares.

"It has now become clear to the company and its advisors that as many as 10 Million dividend shares may have been paid electronically to non shareholders of record. We have been working with our advisors and attorneys for weeks to resolve this issue as it has confused our shareholders and investors and has caused great concern for the company," said Clayton Young, President.

Consequently, we now believe it necessary to issue this information in order to advise our shareholders and other interested parties of the company to ongoing consequences resulting from this incident.

Based upon the company's knowledge of what has transpired since the dividend distribution, UDHC has issued the following suggestions to its shareholders and investors and others:

1) Check all brokerage accounts for errors. If a share dividend has been incorrectly paid, contact your broker and explain the error and have it corrected.

2) If a shareholder mistakenly received a share dividend, whether or not it has been sold or is still in your account, contact your broker immediately.

3) To back office administration officials: Please check your records to determine if dividend shares have been automatically posted to accounts holding UDHC common shares in error.

4) If shareholders have any other concerns regarding this dividend mishap, they should contact UDHC investor relations at [e-mail] to obtain all updates.

"We regret any confusion that the share dividend distribution has caused to our shareholders," said Clayton Young, President.

"We will continue to work with all of the company's advisors and legal professionals to resolve any and all remaining unforeseen problems regarding the overpayment of share dividends," Mr. Young added.

The company would also like to update the company's current capitalization as follows:

Authorized Shares: 102,000,000
Preferred Shares: 2,000,000 (in managements control)
Total Outstanding Common Shares: 31,056,924
Restricted Shares: 22,827,259 (these shares are held in escrow
for pending acquisitions)
Shares Bought Back: 2,142,741 (held in the company treasury to be
retired)
Public Float: 6,086,924