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Hathaway Corporation (HWYI) Subsidiary, Diabetes Detection, Inc., Plans to Launch Specialized Cellular Phone Service to Healthcare Industry
Thursday January 11, 2007
Hathaway Corporation, a leading global provider of communications and telecommunications software and services, today announced that its subsidiary, Diabetes Detection, Inc. ("DDI"), is planning to provide a suite of services and specialized content to the healthcare industry over a cellular network.
The Company is currently exploring several options for providing cellular service as a Mobile Virtual Network Operator ("MVNO"). MVNOs have become popular in recent years with the success of such MVNOs as Amp'd Mobile and Virgin Mobile.
DDI is continuing development of its vibrametric device for diagnosing diabetic neuropathy, and has plans for further testing of the device over the coming weeks. "We believe the combination of DDI's vibrametric device with a healthcare-specific cellular network represents a paradigm shift in the way medical information is managed and disseminated within the healthcare industry," stated Paul D. Lisenby, acting CEO of Hathaway.
About Hathaway Corporation
Hathaway Corporation develops and acquires undervalued companies that bring a shift in how communications are delivered and serviced globally. Hathaway continues to seek out and capitalize on emerging technologies. Their first acquisition, OptiCon Systems, was first developed by Corning and sold to their customers. Corning spent millions of dollars and over seven years developing the Fiber Optic Management System currently marketed and sold by OptiCon Systems Inc. OptiCon serves over 70% of the global 500 companies such as Adelphia, Charter, Comcast, Comcast/AT&T, Cox, Time Warner, and Bright House. Through companies like OptiCon and DDI, Hathaway brings the communication solutions of the future to today's business marketplace.
Safe Harbor
This release includes forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 27E of the
Securities Act of 1934. Statements contained in this release that
are not historical facts may be deemed to be forward-looking statements.
Investors are cautioned that forward-looking statements are inherently
uncertain. Actual performance and results may differ materially from
that projected or suggested herein due to certain risks and uncertainties
including, without limitation, ability to obtain financing and regulatory
and shareholder approval for anticipated actions.
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