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OptiCon Significantly Reduces Fiber Network Service
Costs -- as Stated on Ceocast.com
Tuesday December 13, 2005
Hathaway Corporation is pleased to announce that its wholly
owned subsidiary, OptiCon Systems, Inc., can significantly reduce
fiber network service costs as stated by John Marshall Batton,
CEO of Opticon, during his interview on www.Ceocast.com. "The
Basic Concept is 'One break, One Truck.' This is the philosophy
that fully encompasses the business model which can reduce Fiber
Network Repair Systems overhead by approximately 80%," stated
John Batton. Traditional fiber optic repairs can require eight
trucks to isolate a break and then repair it.
OptiCon's software, which was developed by Corning Cable Systems,
a division of Corning Inc., drastically reduces the costs associated
with repairs in terms of both cost and time. Corning spent millions
of dollars over seven years developing the Fiber Optic Management
System which is currently owned, 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
Bright House.
Mr. Batton also summarized the structure of their two revenue models. "Sales
are being generated through two avenues, Regional Sales Consultants,
and a Direct sales force." He stated that, "With our Management's
proven track record of success and our position in the industry,
we have very high expectations for attracting customers both with
existing in-place fiber networks, along with new installs both here
in the US and abroad."
About Hathaway Corporation
Hathaway Corporation develops and acquires undervalued companies
that bring a shift in how communications is 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. Hathaway brings the communications solutions
of the future to today's business marketplace. Originally, OptiCon
Systems was developed by Corning and sold to their customers. 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.
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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