September 02, 2008 08:58 ET

SecureNetView Reports an Update on the Negotiations With a Major National Day Care Chain for Its SecureNetView Unit Products and Services

JACKSONVILLE, NY--(Marketwire - September 2, 2008) - SecureNetView, a wholly owned subsidiary of Ulysses Diversified Holdings Corporation (PINKSHEETS: UDHC), today announced an update on its ongoing negotiations for a new contract regarding a one thousand outlet national day care chain.

The company has received approval from the company-owned centers which represent about fifty percent of the chain, while the other fifty percent-owned outlets are franchised and/or individually owned and are still reviewing the corporate-recommended contract; it is the company's belief that the independents and franchisees will go along with the contract per the corporate recommendation.

This is a substantial contract for the company as it will have a revenue value of at least nine to ten million dollars per year, the company's top management has been working on the closure of this deal for some time and now believes it will achieve its goal.

"I am very confident that our management will secure this entire contract, at the very least we will obtain a contract with at least fifty percent of company-owned stores. This has been a very tough negotiating situation as we needed a majority of the franchisees to ratify the contract, the good news is that corporate has already agreed to come on board with its stores and now its up to the rest," said Clayton Young, President.

Mr. Young also added, "This is but one of many national and multi-national agreements under negotiations and we expect our superior technology and knowledge of the industry to lead the field."

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.