The Following Statement is from Raphael Weiss, President of Ulysses Diversified Holding Corporation

ULYSSES DIVERSIFIED HOLDING CORPORATION (Pinksheet:UDHC) UDHC is pleased to announce that Raphael Weiss has finalized all matters, as of October 26th, to fill the role of President of UDHC. From this point forward, he will be the sole party to authorize dissemination of information to the public by UDHC, unless otherwise noted. Any and all such announcements will be based upon fact, unless otherwise noted as assumptions or expectations.

Mr. Weiss' position is that "There are a number of opportunities I could pursue, but my choice is based upon the desire to bring about growth in a company which has been dormant for too long. Adding and/or acquiring assets with good intrinsic value that anyone would deem to be economically viable; avoiding actions and statements unreasonable and unjustified - both are essential for the company to be a success - something that all parties should want."

Detailed information on the first asset will be provided the week of 11/2/09. Such will include projected costs and values but on a conservative basis in order to take into account the vagaries of the market and any unexpected events. Also to be provided will be location and status of the project. The first asset will be interests within a Class A, retail development that is centrally located and in a prime spot in New Jersey without the issues or problems others may be having. As is the case in any period of time of economic malaise, and problems in any industry as a whole, there are always bright spots if the party managing the situation has the necessary experience and wherewithal to address any issues that might come up. In addition to fundamentals which may be objectively viewed as favorable, the project has the backing of members of the state and local government. All of this will be documented on the new website being finalized for Ulysses Diversified Holding Corporation and we will leave it up to you to judge.

It should be understood that, at this time when you do not have the full picture, UDHC is not providing the aforementioned information to suggest that stock in the company should be purchased. By the same token, if there is a rise in the value, due to the aforementioned and the information we will provide to the public, and which may be confirmed, we are not advocating that one should not purchase stock. Such information is being provided simply to allow members of the investment community to know that their investment within the company is not for naught. Those who currently own shares may take comfort in knowing that the intention is to put UDHC on the right track and to be poised to take advantage of opportunities over the long term. In turn, such will bode well for the future growth of the company.

Growth in the value of the company is anticipated but we will leave it to the marketplace to confirm such by the end of next week.

Several regional, management offices may be set up in the future, predicated upon the number and location of assets. However, for the time being, corporate offices are being established at

545 8th Avenue Suite 401 New York, New York 10018 Phone: 212- 201-1670 Fax: 212-501-2081 Email: info@udhc.net

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.

SOURCE: Ulysses Diversified Holding Corporation

Ulysses Diversified Holding Corporation 
Nadia Serrano, 212-201-1670 
Fax: 212-501-2081 
info@udhc.net