January 09, 2008 09:02 ET

Ulysses Holding Corp. Enters Two New Long Term Lease Agreements to Establish Two New Optical Centers in Major Markets

JACKSONVILLE, NY--(Marketwire - January 9, 2008) - Ulysses Holding Corp. (PINKSHEETS: UHCR) today announced that it has negotiated two new lease agreements in major markets to establish and build out two new retail optical centers.

The company has entered into two long term lease agreements to establish and build out two new retail outlets under its Westtown Optical Brand, the first location will be in New Jersey and the second location will be in the Metropolitan New York Area.

The company will build out its New York Metropolitan outlet as a flagship optical superstore, thus creating name recognition for its other outlets going forward.

The company will fund this activity via its established line of credit, with no dilution in equity to its shareholders.

"We are very focused on achieving our previously stated goals of growth of 12 to 15 outlets within the first year of business and these leases are a great start towards those goals. We will continue to find the best opportunities in the multi-billion dollar vision industry and capitalize on them as we strive towards our objective," said Clayton Young President & CEO.

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

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

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.