SOURCE: Hathaway Corporation

January 17, 2007 07:30 ET

Hathaway (HWYI) Provides Investor Update

ST. PETERSBURG, FL -- (MARKET WIRE) -- January 17, 2007 -- Hathaway Corporation (PINKSHEETS: HWYI), a leading global provider of communications and telecommunications software, updates investors as to the progress of the company through the following statement:

OptiCon Systems Inc.

The completion of the accounting audit for OptiCon Systems, Inc. is days away. We have worked diligently for the past few months to complete the process. We will inform the investors through a press release when we have filed the Form 10SB with the SEC.

The record date per our previous PR was extended to February 19, 2007. The pay date of the dividend will be announced as soon as it becomes available from the SEC.

Diabetes Detection Inc. (DDI)

Diabetes Detections, Inc (DDI) has entered into an alliance with Research In Motion. This agreement establishes a working relationship with RIM in order to fully develop the Vibrameter, DDI's patented early-stage diabetes detection device. Through this Alliance, DDI will have the ability to fully utilize RIM's developmental, marketing, sales and business development support. We will inform investors as we progress on our partnership with Research In Motion (RIMM).

Diabetes Detection, Inc. ("DDI") is also planning to provide a suite of services and specialized content to the healthcare industry over a cellular network. The Company is currently exploring several options for providing cellular service as a Mobile Virtual Network Operator ("MVNO"). MVNOs have become popular in recent years with the success of such MVNOs as Amp'd Mobile and Virgin Mobile.

"It is imperative we keep our shareholders abreast of the progress the company is making, both short and long term. As more developments arise, we will issue press releases informing our shareholders of the updates and will continue to pursue opportunities that will increase our revenues and profits as we move forward in 2007," 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