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Hathaway Corporation Business Model Seen
as "Extraordinarily
Attractive" According to Wallstreetcorner.com
Thursday February 2, 2006
Value to Shareholders Extends Beyond Current Holdings
Hathaway Corporation
is pleased to announce that they have
been featured on Wallstreetcorner.com in an interview with Mr.
Larry Oakley.
Sam Talari, Hathaway Corporation Director, states, "The Company
will continue to seek out and acquire disruptive technologies that
shift how information is managed and delivered in the communications
industry. Our goal is to give our current and future shareholders
a clear strategy for growth in their investment. Companies we bring
in, if warranted, will be spun out on their own or sold, thereby
creating cash or share dividends to all shareholders."
Hathaway made their first acquisition in August 2005, OptiCon Systems,
Inc. a Fiber Optic Management Company. Hathaway plans to make about
two to three acquisitions per year beginning this year. Hathaway
recently signed a letter of intent to acquire Diabetes Detection,
Inc. Diabetes Detection has developed a patent-pending product called
the Vibrameter, which represents the world's only mobile medical
device that tests for early defects of the nervous system, or neuropathy,
resulting from diabetes & kidney failure.
"I like the fact that each acquisition will most likely result
in either a cash or share dividend when it is sold or spun off as
a public company. Those dividends will be based on the percentage
of shares that each shareholder has. In the case of its first acquisition
-- OptiCon -- my opinion is that the dividend should be extraordinarily
attractive," stated Larry Oakley in his article.
For Larry Oakley's complete article visit .
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 such as OptiCon Systems that will change the way the
world communicates. Originally, OptiCon Systems was 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, 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 approvals for anticipated actions.
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