SOURCE: Hathaway Corporation

November 14, 2005 10:00 ET

Hathaway Corporation's Subsidiary, OptiCon Systems, Inc., Nears Signing LOE for Capital Financing

Company Will Also Hold an Online Demonstration of the OptiCon Software for the Investment Community

ST. PETERSBURG, FL -- (MARKET WIRE) -- November 14, 2005 -- Hathaway Corporation (OTC: HWYI), 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:

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.

Contact Information

  • Contact:
    Hathaway Corporation, St. Petersburg, Florida
    Sam Talari
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