CHICAGO--(BUSINESS WIRE)--Ulysses Diversified Holdings Corporation (PINKSHEETS: UDHC) today reported its financial results for the third quarter, ending September 30, 2011. JNS Power & Control Systems, Inc. reported revenues of $846,752, including net profits of $222,831 or 26%. S&H Leasing, Inc. reported revenues of $70,765 with net profits of $38,879 or 54%. In addition JNS Power has also decreased their total debt by $66,058 as the Company focused on reducing its outstanding debt since the beginning of the year.
“We are extremely pleased with not only our strong third quarter results, but with the number of new clients and contracts that have been forthcoming,” said Jean Howe, President and Chief Executive Officer. “After our mild second quarter, we were confident that our third quarter was going to be fantastic as a result of our new clients and contracts, and past experience where summer months are definitely busier. The company is focusing on continued growth and shareholder value as we move into the completion of the year and beyond.”
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.