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Diabetes Detection, Inc., a Subsidiary of Hathaway Corporation Moves to New Silicon Valley Office in Partnership With Knowledge Market
Tuesday January 3, 2006
Diabetes Detection, Inc. in New Silicon Valley Office Under Knowledge Market Management
Hathaway Corporation announced that they have engaged Knowledge Market, Inc. to manage, operate and conduct further business development on behalf of Hathaway's wholly owned subsidiary, Diabetes Detections, Inc (DDI). As a first step in executing on this agreement, Knowledge Market has secured an office on Sand Hill Road, Menlo Park, California, that will serve as headquarters for DDI going forward.
Sand Hill Road has the largest concentration of venture capital firms in the world. Some of the most successful communications and medical device companies have been launched and funded by Sand Hill Road venture capital firms. As such, Hathaway believes this partnership with Knowledge Market and the move to the Sand Hill Road office will greatly benefit DDI in the coming six to nine months as DDI is seeking funding opportunities and strategic relationships with high profile mobile phone and medical device manufacturers.
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. Their first acquisition, OptiCon Systems, was first 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.
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