Ulysses Diversified Holdings Corporation Announces the Addition of its First Asset to the Company's Portfolio

The agreement is as follows:

- OS6, Inc. will contribute control of the ground lease to a joint venture with UDHC, which will receive the benefits of such development, in exchange for 300,000 shares of restricted common stock of UDHC.

- In anticipation of certain events which include either (a) filing for or (b) commencement of a payment of dividends to common shareholders on a quarterly basis, it has been agreed that OS6, Inc. will have the option to convert said shares to a non restricted status and participate in said dividend. However, if OS6 elects to exercise said option, such conversion would then reduce the position of OS6, Inc. from 300,000 restricted common shares to 120,000 common shares.

OS6 Inc.'s decision to accept UDHC common shares and the determination as to the amount of shares, was based upon the estimated values anticipated in the future due to a combination of (a) current value of the land; (b) the value of the land along with the completion of the development; (c) the intention to add additional hard assets in the future to the holdings of UDHC that would affect the value of UDHC and the portfolio, the creation of which has begun with this first asset and to grow overtime;

OS6 Inc. has further agreed that, due to its extensive knowledge of future values to be created that (a) it will not purchase any additional UDHC shares with the maximum number owned being limited to 300,000; (b) it has the right to sell its position only if and when payment of dividends would commence; (c) it will not utilize any information to which it may be privy, during discussions and negotiations with UDHC, which might allow it to profit beyond its receipt of the initial 300,000 shares or the number of shares it would convert to under the aforementioned option;

Mr. Weiss' stated position is that " the overall economy has stagnated along with commercial real estate. Such is the case with all industries and businesses, which have their own respective problems. However, this project is a major beneficiary of a location that is hard to replicate, it is poised to commence at the end of a bad economic cycle, it still makes sense economically and national and credit tenants are proceeding with full awareness of the current economic environment. Their commitment, to the project and location, are the best indications of what would be a successful project."

He also added ""There are always bright spots and niches that one may benefit from and take advantage of. This development will become part of the psychology of the area and may even be branded in the region when one may commonly hear the refrain ""let's go shop by the stores over by Walmart"" or ""let's stop by the GameStop by Walmart"". One may assume that as the economy strengthens an already economic and viable project will only increase in value.

A prime location; solid economics; a development and location that tenants want- these are just three of a number of factors that will ensure success and be part of the fundamentals inherent within our intent to build the portfolio of assets and values UDHC will enjoy over the long term."

This first asset reflects a desire and ability to create solid values for the future without it being a "surge" or "flash in a pan". There is a desire to realize the value, that can be achieved in this market, by way of projects of a caliber that can be acquired at an attractive level and provide solid earnings. Priorities include acquisitions of development as well as credit tenants that will do well for the future, be it this or other projects.

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 
Administrative Assistant 
info@udhc.net