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Wednesday August 15, 2007
Hathaway (HWYI) Announces Updated Ex-Dividend
Date of August 13, 2007 for Shares of Wholly Owned Subsidiary OptiCon
Systems Inc. to Hathaway's Shareholders
Late Notification by NASDAQ Forces Company to Amend Date
ST. PETERSBURG, FL--(MARKET WIRE)--Aug 15, 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 business globally, announced that NASDAQ
has just informed the Company as of 2:40pm ET today that it has
determined the ex-dividend date for distribution of the OptiCon
Systems Inc. shares to be the 13th of August, 2007.
Anyone purchasing Hathaway shares prior to the 13th of August
2007 will be eligible to receive the dividend payout for OptiCon
Systems Inc., according to the previous ratio released. The dividend
shares are expected to be free trading as a result of OptiCon Systems'
registration under the Securities Exchange Act of 1934 and the facts
in connection with the dividend. There will not be a trading market,
however, until the NASD issues a trading symbol. OptiCon Systems
cannot predict when this may happen.
Those purchasing Hathaway shares after the 13th of August 2007
will not be eligible for this dividend.
"We apologize for the confusion caused by NASDAQ's late notification,
but are bound to adhere to all of NASDAQ's rulings," Paul D.
Lisenby, CEO of Hathaway, said.
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
/ CORRECTION - Hathaway Corporation
Wednesday August 15, 2007 9:14 am ET
ST. PETERSBURG, FL--(MARKET WIRE)--Aug 15, 2007 -- In the news release,
"Hathaway (HWYI) Announces August 31, 2007 as Dividend Payout
Date for Shares of Wholly Owned Subsidiary OptiCon Systems, Inc.
to Hathaway's Shareholders," issued Monday, August 13, 2007,
by Hathaway Corporation (Other OTC:HWYI.PK - News), we are advised
by the company that the entire second paragraph should read "Anyone
purchasing Hathaway shares prior to the 31st of August 2007 will
be eligible to receive the dividend payout for OptiCon Systems,
Inc, according to the previous ratio released. The dividend shares
are expected to be free trading as a result of OptiCon Systems'
registration under the Securities Exchange Act of 1934 and the facts
in connection with the dividend. There will not be a trading market,
however, until the NASD issues a trading symbol. OptiCon Systems
cannot predict when this may happen." rather than "Anyone
purchasing Hathaway shares up to 28th of August 2007 will be eligible
to receive the dividend payout for OptiCon Systems, Inc., according
to the previous ratio released. The dividend shares are duly registered
and will be tradable upon final SEC effectiveness, approval of form
211 with the NASD and issuance of a trading symbol." as originally
issued. Complete corrected text follows.
Hathaway (HWYI) Announces August 31, 2007 as Dividend Payout Date
for Shares of Wholly Owned Subsidiary OptiCon Systems, Inc to Hathaway's
Shareholders
ST. PETERSBURG, FL -- August 13, 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 today the
company has received permission to distribute the dividend shares
of OptiCon Systems, Inc on August 31, 2007.
Anyone purchasing Hathaway shares prior to the 31st of August 2007
will be eligible to receive the dividend payout for OptiCon Systems,
Inc, according to the previous ratio released. The dividend shares
are expected to be free trading as a result of OptiCon Systems'
registration under the Securities Exchange Act of 1934 and the facts
in connection with the dividend. There will not be a trading market,
however, until the NASD issues a trading symbol. OptiCon Systems
cannot predict when this may happen.
The company released the following statement, "We are extremely
pleased to announce August 31, 2007 as the dividend date for shareholders
of Hathaway to receive their OptiCon shares; based on the previous
ratio of two shares of Hathaway owned will receive one share of
OptiCon Systems, Inc. While it's been a long and arduous process,
OptiCon Systems, Inc will soon be trading on its own. Shareholders
will receive their dividend shares from the transfer agent deposited
into their brokerage accounts or mailed to their address on file."
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, a fiber optic management
software system, 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
Hathaway Corporation
Investor Relations
(817) 812-2105
727-417-9338
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