CHICAGO--(BUSINESS WIRE)--Ulysses Diversified Holdings Corporation (PINKSHEETS: UDHC) announced today that its subsidiary JNS Power & Control Systems, Inc. has been awarded another electrical contract for an existing customer.
The Company's subsidiary JNS Power & Control Systems, Inc. has been awarded a contract to complete work at the Men’s Warehouse distribution center expansion project. The Men’s Warehouse is one of the largest discount retailers of men’s business and formal attire with more than 1,200 stores throughout North America. Our scope of work is to add additional power for their expansion at this facility including 480v power to five new conveyors, new lighting and several power outlet stations.
Jean Howe, President & Chief Executive Officer stated, “Men’s Warehouse is expanding its facility in the Chicago area as this tuxedo center is assuming additional operations from other tuxedo distribution facilities allowing them to effectively manage their tuxedo rental operations. The expected benefit to their fiscal 2011 as a result of these changes would be a reduction in their operating costs of approximately $4 million. We are thrilled that we can be of service to their needs as repeat business with existing clients only builds a stronger relationship for future growth.”
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.