SOURCE: Hathaway Corporation

August 15, 2007 16:11 ET

Hathaway (HWYI) Announces Updated Ex-Dividend Date of August 13, 2007 for Shares of Wholly Owned Subsidiary OptiCon Systems Inc. to Hathaway's Shareholders

Late Notification by NASDAQ Forces Company to Amend Date

ST. PETERSBURG, FL--(Marketwire - August 15, 2007) - Hathaway Corporation (PINKSHEETS: HWYI), a company that focuses on acquiring, developing, and managing disruptive technologies in the telecommunications, medical devices, and software fields that change the way companies grow and service their business globally, announced that NASDAQ has just informed the Company as of 2:40pm ET today that it has determined the ex-dividend date for distribution of the OptiCon Systems Inc. shares to be the 13th of August, 2007.

Anyone purchasing Hathaway shares prior to the 13th of August 2007 will be eligible to receive the dividend payout for OptiCon Systems Inc., according to the previous ratio released. The dividend shares are expected to be free trading as a result of OptiCon Systems' registration under the Securities Exchange Act of 1934 and the facts in connection with the dividend. There will not be a trading market, however, until the NASD issues a trading symbol. OptiCon Systems cannot predict when this may happen.

Those purchasing Hathaway shares after the 13th of August 2007 will not be eligible for this dividend.

"We apologize for the confusion caused by NASDAQ's late notification, but are bound to adhere to all of NASDAQ's rulings," Paul D. Lisenby, CEO of Hathaway, said.

About Hathaway

Hathaway Global Inc. focuses on acquiring disruptive technologies in the telecommunications, medical devices, and software fields that can change or alter the way companies grow and service their businesses. Hathaway provides financial and infrastructural support to create revenue growth companies, positioning them to leverage the opportunities such technologies are typically capable of. Hathaway then offers the company on the public market or facilitates a buyout. To request further information about Hathaway, please email us at investors@hathawayglobal.com

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