|
Hathaway Inks Software Development Deal With LendResults Corporation Worth $2M-$5M
Monday May 8, 2006
Company to Manage Software Development for Pre-IPO Mortgage Company
Hathaway Corporation is pleased to announce that the company has signed an agreement with LendResults Corporation, a Pre-IPO mortgage company, for the development of their proprietary software that will revolutionize how the mortgage industry communicates, processes, and services residential loans.
The deal calls for Hathaway to manage the entire process of development to include: initial architecture, code development, and delivery of a Beta version for evaluation and the final delivery of the working software. Hathaway will insure the entire process is developed similarly to the OptiCon Software, by OptiCon developers, currently in use by major telecommunication and cable service providers.
"We're very excited to have this opportunity to utilize our experience in communications software to assist LendResults Corporation in the development of this disruptive technology for the mortgage loan industry," stated Paul D. Lisenby, acting CEO of Hathaway.
"Hathaway has proven that their management and development acumen will insure our product is handled with the utmost care," stated Mr. Charles Pinkus, President of LendResults Corporation. Mr. Pinkus further states, "Our Company is poised to become a major player in the mortgage loan business and this software will revolutionize how this industry delivers loan solutions to customers throughout the U.S.
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.
|
