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Monday July 30, 2007
Hathaway (HWYI) Wholly Owned Subsidiary,
Diabetes Detection, Inc. (DDI) Signs Development Deal With Daviscomms
(S) Pte Ltd.
Global Manufacturer to Develop Pager Technology With DDI
to Detect and Monitor Diabetic Neuropathy
PALO ALTO, CA--(MARKET WIRE)--Jul 30, 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, announced that their wholly
owned subsidiary DDI has signed a product development and manufacturing
deal with Daviscomms (S) Pte Ltd., a global player in design and
manufacturing of wireless communications and electronic products.
Under the terms of the deal, Daviscomms will integrate the patent
pending DDI vibration technology into their pager units for the
accurate detection and monitoring of diabetic neuropathy. A prototype
of the device is anticipated as early as August 2007. DDI has already
developed a prototype based on RIM's BlackBerry® device.
"We are excited to have an innovative global player in Daviscomms
working closely with us in developing a pager unit that applies
the DDI vibration technology. The device will be used by healthcare
professionals worldwide to accurately detect and monitor diabetic
neuropathy which can significantly increase a patient's health outlook
for years to come," stated Mr. Reed Majors, President of DDI.
"The DDI technology, coupled with our design and manufacturing
capabilities, will deliver innovative telemedicine products that
can assist healthcare professionals worldwide in the fight against
diabetes. We're proud to be associated with DDI and excited that
this pioneering technology will ultimately impact millions of lives.
We will readily assist DDI to penetrate global markets through our
distribution partners worldwide," stated Mr. KK Liew, Managing
Director of Daviscomms (S) Pte Ltd.
About DAVISCOMMS (S) PTE LTD
Daviscomms is in the business of providing Contract Design and
Manufacturing services for a wide range of high quality consumer
and industrial wireless electronics products such as pagers and
paging systems, telemetry modules, and mobile handheld devices.
With customers all over the world, Daviscomms is at the forefront
of the industry due to its commitment to leading-edge technology,
cost-effective manufacturing and the highest degree of customer
service. http://www.daviscomms.com.sg/index.htm
About Hathaway
Hathaway Global Inc. focuses on acquiring disruptive technologies
in the telecommunications, medical devices, and software fields
that can change or alter the way companies grow and service their
businesses. Hathaway provides financial and infrastructural support
to create revenue growth companies, positioning them to leverage
the opportunities such technologies are typically capable of. Hathaway
then offers the company on the public market or facilitates a buyout.
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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