August 20, 2008 09:02 ET

SecureNetView Clarifies Shareholders Confusion of U.S. Navy Rear Admiral Paul J. Mulloy (Ret.) and Certain Other Concerns

JACKSONVILLE, NY--(Marketwire - August 20, 2008) - SecureNetView, a wholly owned subsidiary of Ulysses Diversified Holdings Corporation (PINKSHEETS: UDHC), today issued a clarification in response to many queries regarding the appointment of RADM Paul J. Mulloy USN (Ret.) as Director of Governmental Affairs.

The company has received many queries regarding two Rear Admirals with the same last names, in particular RADM Joseph P. Mulloy USN (active) and RADM Paul J. Mulloy USN (Ret.); the latter is the Uncle.

The company has also received an extraordinary amount of calls and e-mails regarding the ongoing contract negotiations regarding the previously announced deal to supply 1000 day care centers with security surveillance, at this time the company can only say that negotiations are ongoing and the company anticipates a positive result.

The company would also like to address numerous correspondences regarding its web presence and its products technology, currently the company is in the process of revamping all of its websites through a major vendor nationally and internationally. The company is also upgrading all of its patents and product technology via newly hired technology experts with the assistance of outsourcing to some of the biggest names in technology.

"We are working diligently to upgrade and expand all areas of the company's operations, we believe that we are on course with the new personnel we have brought on board and the outsourcing resources we have contracted with that major progress and profits are imminent for the company and its shareholders," said Clayton Young, President & CEO.

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.