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Wednesday December 26, 2007
Hathaway (HWYI) Subsidiary OptiCon Systems
Inc. Becomes Effective With SEC
OptiCon Expects Trading Symbol Shortly; Anticipates Strong
Public Market for Its Common Stock
SAINT PETERSBURG, FL--(MARKET WIRE)--Dec 26, 2007 -- Hathaway Corporation
(Other OTC:HWYI.PK - News) announced that its subsidiary, OptiCon
Systems, Inc., has completed all of its requirements with the Securities
and Exchange Commission, and has become effective as a fully reporting
public company. It is now awaiting a trading symbol from FINRA for
trading of its common stock to commence.
OptiCon further announced that it cannot predict when FINRA will
issue a trading symbol. However, subject to FINRA's approval for
publication of initial quotations, the Company is hopeful a vigorous
public market will develop for the OptiCon common stock.
"We have worked hard to complete this process in as timely
a manner as possible and are excited that OptiCon is now considered
effective by the SEC," said Sadruddin Currimbhoy, Hathaway's
Chief Operating Officer. "As usual, we are committed to keeping
our shareholders updated as we achieve these important milestones,
and thank them for their loyalty and support throughout this process.
We are hopeful that FINRA will now proceed quickly, so that OptiCon's
stock can begin trading as soon as possible."
About OptiCon Systems
OptiCon Systems, Inc. offers a premier network management solution
for the physical and logical layer management and fault detection
for fiber optic via software, services, and integrated systems.
OptiCon's state of the art solutions were initially developed and
deployed by Corning Cable.
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.
Contact:
FutureTechIR for Hathaway Corporation
Investor Relations
(817) 812-2105
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