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Wednesday September 5, 2007
Hathaway (HWYI) Announces Completion of
OptiCon Systems, Inc. Spin-Off
Company Pursuing Three Prospective Acquisitions
ST. PETERSBURG, FL--(MARKET WIRE)--Sep 5, 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 announced that it
has completed the spinoff of OptiCon Systems, Inc.
"We are pleased to announce that OptiCon's spinoff is now complete,
and we expect our shareholders to receive their dividend shares
in OptiCon within a few days," stated Sadruddin Currimbhoy,
Hathaway's COO.
OptiCon's public listing has yielded 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. 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.
"We are excited to have attained this important milestone,
which has rewarded our shareholders with shares in an impending
newly listed public company, and has provided strong validation
for our excellent business model. And, there is more to come --
Hathaway is committed to staying on track of acquiring two or three
companies a year, and maintaining our exit horizon in each company
of 1-2 years. We are actively pursuing prospective acquisitions
that fit our strategy," added Mr. Currimbhoy.
Hathaway targets companies within the telecommunications, medical
devices, and software fields with technologies that bring a shift
in how the future is delivered globally.
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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