March 11, 2008 02:23 ET

Ulysses Holding Corp's Outside Auditor Recommends an Immediate Review of All European Markets

LONDON--(Marketwire - March 11, 2008) - Ulysses Holding Corp. (PINKSHEETS: UHCR), as previously announced, has assigned a special outside auditor to review the trading in their securities. The auditor has recommended that an immediate review of the European markets would be appropriate.

The company's outside auditor believes that the possible shorting of its shares may be originating from the Berlin Stock Exchange or other European exchanges, and based on this recommendation the company has moved to retain a very well respected Barrister in London, England, to investigate said claims.

The company is humbled by the International recognition that it has received, but wishes it was under different circumstances. The company continues to conduct business as usual and hopes that any wrong doing will be corrected and laid to rest.

"We are only concerned with doing business and our shareholders' interest; I appreciate all the hard work that our auditor, attorneys and others are doing on our behalf to correct any injustices that may have occurred, we only want to get back to doing business and building our company," 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.