May 21, 2008 01:37 ET

SecureNetView, a Division of Ulysses Diversified Holdings Corp., Agrees to Acquire Significant Proprietary Technology

SIMI VALLEY, CA--(Marketwire - May 21, 2008) - Ulysses Diversified Holdings Corp. (PINKSHEETS: UDHC) today announced that The Board of Directors of SecureNetView, a division of Ulysses Diversified Holdings Corp. ("The Company"), has agreed to acquire certain proprietary technology.

The Company has reached an agreement to acquire certain new technology that will enable SecureNetView clients to now view their subscriber services over their cell phones and PDAs; this technology has been developed by a former IBM engineer and will accentuate future services and sales by SecureNetView.

The company's mega advanced technology has now prompted Ulysess/SecureNetView to enter further negotiations for an acquisition of its entire operation as its other state of the art technology to view businesses, day care centers, homes and other needed surveillance requirements in today's world within the monitoring arena, fits SecureNetViews' business objectives.

SecureNetView and its engineers are extremely impressed with the technology that has been developed, so much so that SecureNetView has made a significant offer to acquire the entire company (AVS), a Southern California-based Company, and all of its patents and technology including its current engineer and staff intact immediately.

"The company is intent on building its businesses with the best opportunities available and this is one of the best presented to the company in a while; the company is especially interested in the former IBM engineer that has developed this technology," said Clayton Young, President & CEO.

Mr. Young also stated, "The company is extremely grateful to Dr. Bob Beverly for all his hard work in bringing this deal to the table, as without him and his vast network within the industry none of this would be possible."

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.