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Article: Ulysses Diversified Holdings Corporation Announces the Addition of its First Asset to the Company's Portfolio.
- Article from:
- Investment Weekly News
- Article date:
- November 21, 2009
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Ulysses Diversified Holding Corporation (Pinksheets:UDHC) is pleased to announce that it has finalized an agreement with OS6, Inc., which controls a parcel of land on North Delsea Drive in Vineland, New Jersey, by way of a ninety eight (98) year ground lease (For more information, please view our preliminary website at udhc.net). The land is valued at $1.5 million dollars, which may be further confirmed by an independent MAI appraisal. 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 ...