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Tuesday July 17, 2007
Hathaway (HWYI) Wholly Owned Subsidiary
Opticon Systems, Inc. Files Second Response to SEC
Final SEC Effectiveness Anticipated for End of August
ST. PETERSBURG, FL--(MARKET WIRE)--Jul 17, 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, announced the company has responded
to the second review from the SEC and anticipate an end of August
effectiveness for their wholly owned subsidiary Opticon Systems,
Inc.
"We are pleased to announce this important milestone as we
finally move closer to the completion of the filing process with
the SEC. Opticon Systems, Inc. has geared up its processes and is
ready to execute its operating plan. We are confident that their
strategies will result in strong growth in the short term as they
work to meet their goals," stated Mr. Sadruddin Currimbhoy,
COO of Hathaway.
Mr. Currimbhoy added, "While we realize that Opticon's listing
process has been taxing on the shareholders of Hathaway, management
has worked hard with our legal counsel to insure the filings meet
the criteria for the SEC, and pave the way for Opticon to become
a separate publicly traded company. Pending approval from the SEC,
Hathaway wishes to remind shareholders that it will issue 1 dividend
share for every 2 shares of Hathaway stock held, based on the shareholder
list on the effective date."
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. To request further information about Hathaway,
please email us at investors@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 or
(727) 417-9338
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