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Hathaway (HWYI) Provides Investor Update
Wednesday January 17, 2007
Hathaway Corporation, a leading global provider of communications and telecommunications software, updates investors as to the progress of the company through the following statement:
OptiCon Systems Inc.
The completion of the accounting audit for OptiCon Systems, Inc. is days away. We have worked diligently for the past few months to complete the process. We will inform the investors through a press release when we have filed the Form 10SB with the SEC.
The record date per our previous PR was extended to February 19, 2007. The pay date of the dividend will be announced as soon as it becomes available from the SEC.
Diabetes Detection Inc. (DDI)
Diabetes Detections, Inc (DDI) has entered into an alliance with Research In Motion. This agreement establishes a working relationship with RIM in order to fully develop the Vibrameter, DDI's patented early-stage diabetes detection device. Through this Alliance, DDI will have the ability to fully utilize RIM's developmental, marketing, sales and business development support. We will inform investors as we progress on our partnership with Research In Motion (RIMM).
Diabetes Detection, Inc. ("DDI") is also 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.
"It is imperative we keep our shareholders abreast of the progress the company is making, both short and long term. As more developments arise, we will issue press releases informing our shareholders of the updates and will continue to pursue opportunities that will increase our revenues and profits as we move forward in 2007," stated Mr. Paul D. Lisenby, interim Chairman and 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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