Replies to post #25253 on JNS Holding Corp (JNSH)

[Chili Palmer]

The T/A is ungagged call

[LOL]

Do you people not read the PRs??? Read the very last line from the PR a few days ago.
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January 8, 2008 - 9:14 AM EST

Ulysses Holding Corp. Directors, President and CEO Approve an Additional Reduction of the Company's Authorized Common Shares
Ulysses Holding Corp. (PINKSHEETS: UHCR) today announced that its Directors, President and CEO have voted unanimously to reduce the company's authorized shares by an additional 2 Million Shares.

The current authorized shares are 12 Million; the company will file the appropriate resolution with the Secretary of State of Delaware this week to further reduce the authorized shares from 12 Million to 10 Million for a total additional reduction of 2 Million Shares. The company expects the entire process to be completed within 2 to 3 business days.

The 10 Million Authorized Shares will consist of 2,000,000 (restricted for two years in management's control with no conversion options or warrants to common) and 8,000,000 Common Shares. The company had previously announced that it was considering this action and now will do so.

"The company is taking this action to jump start its share price as it is management's belief that with the current revenues and assets of the company, the share price is not in line with the value of the company; in addition, with current additional assets coming into the company, this move will help the share price. The company is in a unique situation as it does not need to raise capital by selling shares as it is the intent of the company to use debt financing (already in place) to finance additional acquisitions and opening of new stores," said Mr. Young, President & CEO.

Mr. Young also stated, "The balance of common shares will remain in the company's treasury as a cushion for any possible acquisition that may require shares; if any shares are required for an acquisition they will only be issued as restricted."

About Ulysses Holding Corp.:

Ulysses Holding Corp. is a start-up retail optical holding company with an aggressive plan towards rapid expansion and revenue growth within the next 12 months. The company will focus only on profitable outlets with average or better industry margins.

Current Corporate Share Structure:

2,000,000 Preferred Shares Outstanding

4,148,462 Common Shares Outstanding In The Public Float