SOURCE: Hathaway Corporation

March 22, 2007 07:31 ET

Hathaway (HWYI) Issues Statement Clarifying "Due Bill Period" and "Ex-Dividend Date" According to NASDAQ

ST. PETERSBURG, FL -- (MARKET WIRE) -- March 22, 2007 -- Hathaway Corporation (PINKSHEETS: HWYI), a business development company that focuses on companies in the communications, telecommunications software and medical devices industries, issued the following statement regarding the "Due Bill Period" and "Ex-Dividend Date" according to information obtained from The NASDAQ Stock Market Dividend Department and previously issued in a press release dated February 16, 2007:

"Please be advised that the shares of HWYI will continue to trade with the right to receive the shares of OptiCon Systems Inc. until after the shares of OptiCon Systems Inc. are registered and are ready to be distributed. This is called a 'due bill period'; a due bill period extends from the record date until the ex-dividend date. In the event the shareholder sells their securities during this due bill period, all rights to the OptiCon spin off shares will be transferred to the buyer of the shares and the original shareholder will give up his right to the dividend shares."

"Per this information from NASDAQ, it is clear that any person that has sold their shares in Hathaway during this due bill period will not be entitled to any dividend shares. In addition, per NASDAQ, any persons purchasing Hathaway securities between the due bill period and the ex-dividend date shall have full rights to receive the dividend shares in OptiCon. We have filed the forms with NASDAQ and have not received any indication when the ex-dividend date will be issued. Once OptiCon Systems Inc.'s form 10-SB registration statement is effective and cleared of SEC comments and we receive an ex-dividend date from NASDAQ, we will issue a press release," stated Mr. Paul D. Lisenby, CEO and Interim Chairman of Hathaway.

About Hathaway

Hathaway Corporation focuses on undervalued companies that bring a shift in how communications are delivered and serviced globally. OptiCon Systems, Hathaway's wholly owned subsidiary, currently develops, maintains, manages, markets and sells a Fiber Optic Management System that was originally developed by Corning Cable. OptiCon serves over 70% of the global 500 companies such as Adelphia, Charter, Comcast, Comcast/AT&T, Cox, Time Warner, and Bright House. Hathaway Global continues to seek out and capitalize on emerging technologies that will change the way the world communicates. 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:
    Investor Relations
    James Caldwell
    (727) 447-0514
    Concept Communications Group, LLC