CHICAGO--(BUSINESS WIRE)--Ulysses Diversified Holdings Corporation (PINKSHEETS: UDHC) today announced that it has been in the exploratory stages of acquiring a privately held leasing company. To date Ulysses has completed its preliminary due diligence of the target company's operations, management and future growth potential and intends to continue forward with said acquisition.
"The company after performing its initial due diligence has recognized that this acquisition will fit all of our required criteria for an acquisition of this size, including the additional revenue stream, growth potential and expanded financing alternatives for our current and potential new clients," said Jean Howe, President & Chief Executive Officer of Ulysses Diversified Holdings Corporation.
Jean Howe, President & Chief Executive Officer also stated, "The company carefully evaluates all acquisition opportunities to assure growth and value potential is present for both the company and its shareholders alike, we plan to move forward on an accelerated basis completing all additional required due diligence and legal aspects of this acquisition along with setting a closing date on or before the end of 2010."
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. 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.