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Hathaway Corporation Provides Investors Information on Diabetes Detection, Inc.
Wednesday March 22, 2006
Wholly Owned Subsidiary of Hathaway to Develop Vibrameter, World's Only Early Detection Device for Diabetes Using Mobile Technology
Hathaway Corporation is pleased to announce that Hathaway investors can now access DDI's website for additional information on our recent acquisition of Diabetes Detection, Inc.
Diabetes Detection, Inc. owns the exclusive license for the patent pending Vibrameter, which utilizes current hand-held communication devices for use in the early detection of diabetes. The website can be accessed at .
The Vibrameter has the dual functions of electronic communication, such as a beeper/pager or cellular phone, and a medical diagnostic tool for detecting and/or monitoring neuropathy. The Device allows a health care professional to perform a quick and accurate test to determine neuropathy in patients. The Device produces instant results allowing the health care professional to refer the subject for further diagnostic evaluation, thereby assisting in the early detection of diabetes.
"DDI has spent considerable effort speaking with major companies in the medical device, biopharmaceutical, and cellular communications industries. From the research, we believe there is significant interest in this kind of device. All of these companies have been contacted and /or briefed on the Diabetes Detection Device. DDI has also met with representatives of many of these companies to discuss their interest in licensing this device technology," stated Paul D. Lisenby acting CEO of Hathaway. "We feel the market for an early detection device that can quickly and effectively diagnose early stages of diabetes will be embraced by the medical community worldwide and market penetration through major cellular device companies will assist Hathaway in continued growth for DDI and the company."
About Hathaway Corporation
Hathaway Corporation develops and acquires undervalued companies
that bring a shift in how communications is delivered and serviced
globally. Starting with OptiCon Systems, which is used by Global
500 companies, Hathaway will continue to seek out and capitalize
on emerging technologies that will change the way the world communicates.
Hathaway brings the communications solutions of the future to today's
business marketplace.
Forward-Looking Statements
This press release may contain forward-looking statements covered
within the meaning of the Private Securities Litigation Reform Act
of 1995. These forward-looking statements relate to, among other
things, plans and timing for the introduction or enhancement of our
services and products, statements about future market conditions,
supply and demand conditions, and other expectations, intentions
and plans contained in this press release that are not historical
fact and involve risks and uncertainties. Our expectations regarding
future revenues depend upon our ability to develop and supply products
and services that we may not produce today and that meet defined
specifications. When used in this press release, the words "plan," "expect," "believe," and
similar expressions generally identify forward-looking statements.
These statements reflect our current expectations. They are subject
to a number of risks and uncertainties, including, but not limited
to, changes in technology and changes in pervasive markets.
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