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Tuesday August 21, 2007
Hathaway Corporation's (HWYI) Business
Model Gives Shareholders Effective Exit Strategy
Company's Strategy Is to Spin-Off at Least Two Companies Every 14
Months
ST. PETERSBURG, FL--(MARKET WIRE)--Aug 21, 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, has reiterated its business
model for shareholders following the impending success of its first
spin-off, OptiCon Systems, Inc. Besides the obvious exit strategy
afforded by a publicly traded company, Hathaway Corporation has
created an even more unique and effective exit strategy for shareholders
by spinning off acquired companies into publicly traded companies
within 1-2 years of acquisition, or by selling them to a large corporation.
Hathaway seeks out companies within the telecommunications, medical
devices, and software fields with technologies that bring a shift
in how the future is delivered globally. Hathaway made their first
acquisition in August 2005, OptiCon Systems, Inc. OptiCon provides
a fiber optic network management system that currently runs on over
70% of the major telecoms in the US, such as Adelphia, Charter,
Comcast, Comcast/AT&T, Cox, Time Warner, & BrightHouse.
OptiCon's public listing will yield a dividend of one share of OptiCon
for every two shares of Hathaway held to all the shareholders of
record as of the ex-dividend date of August 13, 2007.
Hathaway's second (minority owned) subsidiary, Diabetes Detection,
Inc. (DDI), is addressing the worldwide Diabetes epidemic, by developing
a patent-pending product converged with simple telecommunications
devices such as pagers and cell phones, which test for Neuropathy,
an early indicator of Diabetes. DDI is currently in the process
of funding and final stages of product development. DDI is set to
be spun-off when the Board decides the best scenario most rewarding
to our shareholders.
Hathaway plans to make about two to three acquisitions per year.
In a 2006 article on wallstreetcorner.com, Larry Oakley commented
that, "I like the fact that each acquisition most likely will
result in either a cash or share dividend when it is sold or spun
off as a public company. Those dividends will be based on the percentage
of shares that each shareholder has."
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 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 then offers the company on the public market or facilitates
a buyout. Through companies like OptiCon, Hathaway brings the communication
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 approvals for anticipated
actions.
Contact:
FutureTechIR for Hathaway Corporation
Investor Relations
(817) 812-2105 or
(727) 417-9338
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