24.08.2010 15:05:00

Ulysses Diversified Holdings Corporation Announces New President and CEO

Ulysses Diversified Holdings Corporation (PINKSHEETS: UDHC) announced today that it now has a new President and CEO.

Jean Howe has been appointed to be the new President and CEO of UDHC. She has been the current President of JNS Power & Control Systems, Inc. since its inception in 2001.

Jean Howe brings a wealth of experience and knowledge with over 10 years of extensive management experience to UDHC as a successful businesswoman. Jean Howe stated, "This reverse merger will give us a competitive edge in the current increasingly changing construction market.”

"I am honored to be joining UDHC as President and CEO at this exciting time,” said Jean Howe. "With this new appointment I feel it’s my responsibility to assemble a well-rounded team that’s able to build a strong and sustainable business. I am in the process of assembling a new management team and will announce the entire team in the next few weeks. To gain shareholders trust I plan to systematically update our shareholders through our website and upcoming press releases. I have always set the vision for our company and inspired my staff to execute that vision.”

Jean Howe stated, "My first official act as President will be to bring a new policy to UDHC one that has served us well at JNS Power. That policy is one of transparency and that’s why I am pleased to announce that I have already contacted OTC Markets (Pinksheets.com) to update our company information and start the process to remove us from the "No Information" category and move us to "Limited Information." My ultimate goal will be to achieve "Current Information” status by year’s end.”

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.

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