JNS Holding Corp (JNSH)

[Stock Rabbi]

Read the words, this is just the beginning. Wake up all of you and see how much can be made here. I loaded up and will continue:

By ERIK ORTIZ Staff Writer | Posted: Monday, November 9, 2009

VINELAND - Financing has been secured to tear down and replace a vacant shopping center on North Delsea Drive near the Walmart, the real estate investment firm developing the project said Monday.

Raphael Weiss, president and CEO of Ulysses Diversified Holding Corp., said his company has locked in about $4 million from a lender, which will cover the $3.5 million construction costs. The empty shopping complex will be razed before the end of the year, with work expected to start on the new center - known as the Shoppes by Walmart - in the first quarter of 2010, Weiss said.

Among the tenants of the 3.7-acre site will be Planet Fitness and GameStop, Weiss added, with more than a half-dozen other retailers joining the mix once the first stores start opening next year.

"We have no doubt that because of the Super Walmart and because North Delsea is a major artery anyway that tenants want to be there," Weiss said.

The completed project will have a value of about $7.1 million, Weiss added, and will help the local economy by creating new jobs.

The Vineland parcel is the first asset in Ulysses' portfolio. The New York-based company's stock is not traded on a major stock exchange, but rather on the Pink Sheets, which are for stocks that trade below $1 and do not have to file statements with the Securities and Exchange Commission.

Weiss said he is interested in adding more assets to the company and having its stock traded on a larger and more stricter stock exchange.

Contact Erik Ortiz:

609-272-7253