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Hathaway Global (HWYI) Signs Agreement With Knowledge Market to Seek Out Acquisition Targets
Monday February 12, 2007
Hathaway's Goal Is to Acquire and Spin Off at Least Two More Companies This Year
Hathaway Corporation, a business development company that focuses on the development of companies in the communications, telecommunications software and medical devices industries, announced today that the company has signed an agreement with Knowledge Market, a Silicon Valley Company that locates and evaluates non-commercialized intellectual property (IP) with a view towards meeting specific market needs. Knowledge Market was instrumental in bringing DDI (Diabetes Detection Inc.) to Hathaway and continues to assist in the further development of DDI.
"Our goal is to acquire and spin off at least two more companies this year. Having worked with Knowledge Market on the DDI deal, they understand our criteria in what we're looking for and we have no doubt they will deliver us opportunities we're seeking in order to continue Hathaway on its established path of acquisitions and subsequent spin offs," stated Mr. Paul D. Lisenby, acting CEO of Hathaway Global and interim Chairman.
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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