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Hathaway Corporation's Subsidiary, OptiCon Systems,
Inc., Nears Signing LOE for Capital Financing
Monday November 14, 2005
Company Will Also Hold an Online Demonstration of the OptiCon Software
for the Investment Community
Hathaway Corporation, a leading global provider of communications
and telecommunications software, announced their wholly owned subsidiary,
OptiCon, is near in securing a Letter of Engagement with a major
Park Avenue financial institution to raise the funds necessary
to execute their business plan for 2006. Funds should be obtained
by the first quarter 2006.
Mr. John Batton, President of OptiCon, stated, "Once the Letter
of Engagement is finalized legally, our company will enter into a
contract of funding for an unspecified amount to take OptiCon to
the next level. Our ability to develop all the key components and
move the company forward will be expedited and OptiCon will be on
a clearly defined path to grow revenues substantially in 2006 and
beyond. Complete business plan and projected financial will be available
on request."
In other news, the company also announced that they will be giving
an online demonstration to the investment community on Thursday,
November 17th. "This live demonstration will illustrate the
differentiators that will propel the OptiCon Fiber Management System
into a position of dominance in any large fiber deployment. You will
be see how OptiCon can fulfill its motto 'One Break = One Truck,'" states
Mr. Paul Lisenby, Chairman and CEO of Hathaway. Mr. Lisenby goes
on to state, "Any communications company searching in the OSS
marketplace wishing to see how this software can assist their business
is invited to register and see the true capabilities of the OptiCon
Management System which is run by 7 out of 10 major cable and telecommunications
companies."
In order to participate in the online demonstration, Hathaway requires
any company or individual to register via their website to receive
their username and password. Click here to participate: http://www.opticonsystemsinc.com/demoenroll.asp
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, 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.
Forward-Looking Statements
This press release may contain forward-looking statements covered
within the meaning of the Private Securities Litigation Reform Act
of 1995. These forward-looking statements relate to, among other
things, plans and timing for the introduction or enhancement of our
services and products, statements about future market conditions,
supply and demand conditions, and other expectations, intentions
and plans contained in this press release that are not historical
fact and involve risks and uncertainties. Our expectations regarding
future revenues depend upon our ability to develop and supply products
and services that we may not produce today and that meet defined
specifications. When used in this press release, the words "plan," "expect," "believe," and
similar expressions generally identify forward-looking statements.
These statements reflect our current expectations. They are subject
to a number of risks and uncertainties, including, but not limited
to, changes in technology and changes in pervasive markets.
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