CHICAGO--(BUSINESS WIRE)--Ulysses Diversified Holdings Corporation (PINKSHEETS: UDHC) provides an update today on recent company developments. The first two months of the new year have been very busy around UDHC. Currently we are completing our design build production line upgrade at Evans Food. Our crews have done a fabulous job bringing this project in on time and on budget. Our clients have been so impressed with the conversion of the production line equipment and the energy savings we have been asked to convert their current wash down pump skids to variable frequency drives. By adding the new variable frequency drives to the pump skid the energy savings will pay for the project within 18 to 24 months. As for as new work we have recently signed a contract to replace the induction heating machine for a local metal plating processing plant located in Elk Grove, Illinois several pictures are posted on our Facebook page. We also signed a contract to retro fit the sub basement air handling unit at the Chicago Hilton Hotel. Our crews will pipe, pull and trim the new building automation controls for this new air handling unit.
With the new year comes new challenges with these changes we must be prepared and I am pleased to announce our crews are in the final stages to complete their training to achieve the solar certification. Our outlook for 2011 looks great and we are working very hard with several clients we have worked with for several years on performance contracts. When these contracts are signed we will provide all of the details including the school district we will be doing the work in.
"I am extremely encouraged by the steady progress we continue to make, and especially by these very important steps we have taken to continue growing our company," stated Jean Howe, President and Chief Executive Officer. "Our management team is genuinely committed to building a great company and creating considerable long term value for our shareholders.”
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.