SOURCE: Hathaway Corporation

January 08, 2007 07:31 ET

Hathaway Global Announces Company to Split Into Two Divisions

New Divisions to Concentrate on Core Businesses of Communications and Medical Devices

ST. PETERSBURG, FL -- (MARKET WIRE) -- January 8, 2007 -- Hathaway Corporation (PINKSHEETS: HWYI), a leading global provider of communications and telecommunications software, announced today the company has decided to split into two separate divisions in order to fully focus on the emerging markets of telecommunications and medical devices.

Hathaway Communications will handle all acquisitions and spin-offs of emerging companies related to any telecommunications and Hathaway Medical will continue to pursue all acquisitions and spin-offs of emerging technologies related to medical devices similar to Diabetes Detection, Inc. Current Hathaway shareholders will receive two shares with every share of Hathaway held when the split becomes effective. Both divisions will be publicly traded. More information about the split will be provided as it becomes available. The split will not effect the OptiCon spin-off.

"Our goal all along is to insure we continue to bring in exciting and disruptive technologies in both the communications and medical fields. With the decision to split our company into two separate divisions, this will create less confusion for the public markets and also will expedite the process to acquire and spin-off companies and reward our shareholders with dividends," stated Mr. Paul D. Lisenby, interim Chairman and CEO of Hathaway.

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. 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

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