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Tuesday June 19, 2007
Hathaway (HWYI) Enters Into LOI to Acquire
Software Development Company, The Dev Shop
Thailand-Based Operation to Further Hathaway's Global Presence
ST. PETERSBURG, FL--(MARKET WIRE)--Jun 19, 2007 -- Hathaway Corporation
(Other OTC:HWYI.PK - News), a company that focuses on acquiring,
developing, and managing disruptive technologies in the telecommunications,
medical devices, and software fields that change the way companies
grow and service their businesses globally, announced that the company
has entered into a Letter of Intent to Acquire The Dev Shop, a highly
reputable and productive software engineering company that designs,
develops, and licenses state-of-the-art software. In addition, the
company also has several off-the shelf software products such as
web building tools, database, and ECRM programs. Past clients include
Nestle, Blue Cross/Blue Shield, Citigroup, and Zurich Insurance.
The company is currently located in Bangkok, Thailand.
"Upon successful due diligence of the Dev Shop, our plan is
to acquire this company to become part of the Hathaway core business.
Dev Shop's ability to program at substantially lower costs will
assist Hathaway in providing software development and support for
Opticon and DDI, as well as being able to offer development for
emerging and disruptive technologies in need of software programming,"
stated Mr. Paul D. Lisenby, CEO of Hathaway. Mr. Lisenby adds, "Should
Hathaway acquire the Dev Shop, the opportunity to have software
development in our core model will allow us to bring technologies
to market much faster with substantial cost savings to the process."
About Hathaway
Hathaway focuses on acquiring, developing, and managing disruptive
technologies in the telecommunications, medical devices, and software
fields that change the way companies grow and service their businesses
globally. Hathaway provides financial and infrastructural support
to create revenue growth companies, positioning them to leverage
the opportunities such technologies are typically capable of. Hathaway
retains the company as a wholly owned subsidiary with support from
Hathaway's management to further the company's business operations.
To request further information about Hathaway, please email us at
investors@hathawayglobal.com or log onto our website at www.hathawayglobal.com
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.
Contact:
FutureTechIR for Hathaway Corporation
Investor Relations
(817) 812-2105
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