SOURCE: Hathaway Corporation

November 28, 2006 09:37 ET

Hathaway Corporation (HWYI) Sets Shareholder "Record Date" of December 19, 2006 for the Spin-Off of Its First Subsidiary, OptiCon Systems, Inc

OptiCon Obtains SEC Edgar Codes for Registration

DALLAS, TX -- (MARKET WIRE) -- November 28, 2006 -- Hathaway Corporation (PINKSHEETS: HWYI), a leading global provider of communications and telecommunications software and services, today announced that the Company has established Dec.19th, 2006 as the "record date" for determining the record holders of Company common stock for purposes of receiving the "spin-off" distribution shares to all of the Company's shareholders.

All Hathaway shareholders of record at the close of business on December 19, 2006 will be eligible to receive one share of OptiCon Systems, Inc. common stock for every two shares of Hathaway common stock owned as of the "record date" on the "distribution date."

The "distribution date" of the spin-off dividend or shares of OptiCon will be announced when our registration statement with SEC is active and when NASD provides the trading authorization and a trading symbol. We expect the approximate "distribution date" to be in the beginning of the second quarter of 2007.

A complete summary of the spin-off can be found at

About Hathaway Corporation

Hathaway Corporation develops and acquires undervalued companies that bring a shift in how communications are delivered and serviced globally. Hathaway continues to seek out and capitalize on emerging technologies. Their first acquisition, OptiCon Systems, was first developed and sold by Corning. 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. Through Companies such as OptiCon and DDI, Hathaway brings the communication solutions of the future to today's business marketplace. To request further information about Hathaway, please email us at

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

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