Reggie, the name you chose has some blowback involved with it. The first problem is, it's already taken. The second problem is, I've been involved with coins such as Vertcoin and Ron Paul Coin myself, along with having been a relatively decent sized miner for a while. The launch of the original Ultracoin in the above link was considered to be one of the biggest scams/money grabs in altcoins. I'm not sure if you want that past reputation haunting the coin by choosing the same name.
You might get by unscathed since 99.9% of people on the planet have never heard of the original Ultracoin, but that coin still seems to be around and didn't die for some reason.