SOURCE: Hathaway Corporation

December 15, 2006 07:31 ET

Hathaway (HWYI) Announces Extension for Spin-Off of OptiCon Systems, Inc.

Previous Date of December 19, 2006 to Be Extended Pending Comments on Form 10-SB

ST. PETERSBURG, FL -- (MARKET WIRE) -- December 15, 2006 -- Hathaway Corporation (PINKSHEETS: HWYI), a leading global provider of communications and telecommunications software, announced today the company has encountered unexpected delays in the dividend date for the spin-off of OptiCon. The company issued the following statement:

"Hathaway's board of directors announced today that it has cancelled the previously announced record date of December 19, 2006 for distribution of a dividend in the common stock of OptiCon Systems, Inc. Distribution of the dividend requires OptiCon to file a registration statement on Form 10-SB with the SEC and trading of OptiCon stock requires issuance of a trading symbol by the NASD. Due to unexpected delays in preparation and filing of the registration statement, Hathaway's board of directors has decided to postpone the record date and reestablish another date until such time as it can be more certain about the earliest date the dividend may be distributed. Hathaway will inform the investors of the reestablished record date as soon as it becomes available."

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. 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.

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