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Hathaway Corporation's Wholly Owned Subsidiary OptiCon
Systems, Inc. Engages Bentley Securities to Raise $30 Million Dollars
for Rapid Growth of Fiber Management Suite of Solutions
Monday December 19, 2006
Hathaway Corporation
(Other OTC:HWYI.PK - News), is pleased to announce that its wholly
owned subsidiary, OptiCon Systems, Inc., has engaged Bentley Securities
in order to help the Company raise up to $30 Million Dollars in
financing. The funding will allow the company to expand its sales
and marketing efforts for R3 fiber optic management system and
to complete development of its much awaited R4, the next generation
fiber optic management suite of solutions.
Bentley Securities will act as OptiCon’s exclusive financial
advisor and placement agent in using its best efforts basis to arrange
equity capital or such other form of financing or commitments. In
addition, Bentley Securities will assist the company in the preparation
of its information memorandum to be used when presenting the company’s
investment opportunity to prospective investors.
“We are pleased to have Bentley Securities on board to assist
us in this capital raise,” states John Batton, CEO and President
of OptiCon, Systems, Inc. “The capital will allow us to rapidly
complete our suite of fiber management solutions and will give us
the ability to hit our target goals of $3 million in revenue for
next year, $50 million in 2007 and $125 million in 2008. OptiCon
will offer the most advanced fiber optic management solutions in
the current global market.”
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 such as OptiCon Systems that will change the way the
world communicates. 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. Hathaway brings the communications
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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