SOURCE: Hathaway Corporation

December 26, 2007 06:31 ET

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--(Marketwire - December 26, 2007) - Hathaway Corporation (PINKSHEETS: HWYI) 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 Information

  • Contact:

    FutureTechIR for Hathaway Corporation
    Investor Relations
    (817) 812-2105