SOURCE: Hathaway Corporation

August 15, 2007 09:15 ET

/ CORRECTION - Hathaway Corporation

ST. PETERSBURG, FL--(Marketwire - August 15, 2007) - In the news release, "Hathaway (HWYI) Announces August 31, 2007 as Dividend Payout Date for Shares of Wholly Owned Subsidiary OptiCon Systems, Inc. to Hathaway's Shareholders," issued Monday, August 13, 2007, by Hathaway Corporation (PINKSHEETS: HWYI), we are advised by the company that the entire second paragraph should read "Anyone purchasing Hathaway shares prior to the 31st of August 2007 will be eligible to receive the dividend payout for OptiCon Systems, Inc, according to the previous ratio released. 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." rather than "Anyone purchasing Hathaway shares up to 28th of August 2007 will be eligible to receive the dividend payout for OptiCon Systems, Inc., according to the previous ratio released. The dividend shares are duly registered and will be tradable upon final SEC effectiveness, approval of form 211 with the NASD and issuance of a trading symbol." as originally issued. Complete corrected text follows.

Hathaway (HWYI) Announces August 31, 2007 as Dividend Payout Date for Shares of Wholly Owned Subsidiary OptiCon Systems, Inc to Hathaway's Shareholders

ST. PETERSBURG, FL -- August 13, 2007 -- Hathaway Corporation (PINKSHEETS: HWYI), 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 businesses globally, announced today the company has received permission to distribute the dividend shares of OptiCon Systems, Inc on August 31, 2007.

Anyone purchasing Hathaway shares prior to the 31st of August 2007 will be eligible to receive the dividend payout for OptiCon Systems, Inc, according to the previous ratio released. 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.

The company released the following statement, "We are extremely pleased to announce August 31, 2007 as the dividend date for shareholders of Hathaway to receive their OptiCon shares; based on the previous ratio of two shares of Hathaway owned will receive one share of OptiCon Systems, Inc. While it's been a long and arduous process, OptiCon Systems, Inc will soon be trading on its own. Shareholders will receive their dividend shares from the transfer agent deposited into their brokerage accounts or mailed to their address on file."

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, a fiber optic management software system, 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. 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 approval for anticipated actions.

Contact Information

  • Contact:
    FutureTechIR
    Hathaway Corporation
    Investor Relations
    (817) 812-2105
    727-417-9338