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Hathaway Corporation Updates New Investors on Business Model
Monday March 27, 2006
Hathaway Corporation has received many inquiries from new shareholders and potential investors regarding the Company's business model. Per our business model, we see rather outstanding appreciation potential here for our investors. Each acquisition will 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 our first acquisition, OptiCon, the dividend should be extraordinarily attractive.
The company also issued the following information regarding how it is progressing.
"Over the past few days, we've seen a tremendous increase in the movement of our stock and have received countless inquiries from shareholders and potential investors. We would like to update all current and future shareholders about our business at Hathaway and how the company is progressing," stated Paul D. Lisenby, acting CEO of Hathaway. Mr. Lisenby goes on to state, "Our wholly owned subsidiary Opticon Systems is in the final negotiations for major funding. Once this funding is complete we expect the company to bring in $3.5 million in revenue this year. Diabetes Detections Device (DDI) is in the final stage of having a prototype completed to begin clinical trial testing. The interest for this medical device has increased dramatically and we've had many calls from institutions looking to help fund this project and bring it to market sooner than expected. In addition, we're currently looking at another acquisition in the telecommunications sector that has interest from governmental agencies worldwide. For shareholders looking for more details on OptiCon and DDI, we welcome you to visit our website at ."
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 BrightHouse. 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 approval for anticipated actions.
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