SOURCE: Hathaway Corporation

February 12, 2007 07:30 ET

Hathaway Global Finalizes Form 10-SB for the Spin-Off of the Wholly Owned Subsidiary OptiCon Systems, Inc.

February 19, 200 Is Final Date for Hathaway Shareholders to Be Eligible for Spin-Off Shares

ST. PETERSBURG, FL -- (MARKET WIRE) -- February 12, 2007 -- Hathaway Corporation (PINKSHEETS: HWYI), a leading global provider of communications, telecommunications software, and medical devices, announced today the company has finalized the Form 10 filing for OptiCon Systems, Inc. and wants to remind shareholders that the record date to receive dividend shares is next Monday, February 19, 2007.

All Hathaway shareholders of record at the close of business on Monday, February 19, 2007 will be eligible to receive the appropriate amount of shares in OptiCon based on the previously established rate of 1 share of Opticon for every 2 shares of Hathaway owned.

"The process of filing for OptiCon Systems, Inc. is final and the Form 10 will be submitted, pending final approval from our legal counsel, to the SEC. We feel it is imperative to announce to our shareholders this important news and to remind them that the record date for receiving the dividend shares in Opticon is next Monday, the 19th of February," stated Paul D. Lisenby, Interim Chairman and CEO of Hathaway Global.

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 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

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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.

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