December 11, 2007 08:53 ET

Ulysses Holding Corp. Has Agreed to Accept a 20 Million Dollar Line of Credit to Acquire Additional Retail Optical Outlets

JACKSONVILLE, NY--(Marketwire - December 11, 2007) - Ulysses Holding Corp. (PINKSHEETS: UHCR) today announced that it has agreed to a 20 Million Dollar line of credit specifically for the purchase of retail optical outlets.

The company has accepted this unsolicited offer of financing to acquire additional retail optical stores, the financier has specified that they are aware of the company's business plan and the industry and its potential high return on investments and believes that this investment is in the best interest of their investing objectives.

"The company and myself have agreed to this investment capital, but we will accept their funding only under our conditions, if it makes sense for the company and the shareholders. We will not harm the growth of the company by dilution or negligent decisions," 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.

The current authorized shares are 12 Million. The 12 Million Authorized Shares consist of 2,000,000 Preferred Shares (restricted for two years in management's control with no conversion options to common) and 10,000,000 Common Shares.

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.