SOURCE: Hathaway Corporation

April 19, 2007 07:30 ET

Hathaway (HWYI) Updates Shareholders on the Progress of Wholly Owned Subsidiary, OptiCon Systems, Inc

ST. PETERSBURG, FL -- (MARKET WIRE) -- April 19, 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 businesses, released the following statement to update shareholders as to the progress of OptiCon Systems, Inc:

"We'd like to take this opportunity to update our shareholders as to the progress of our wholly owned subsidiary, OptiCon Systems, Inc. To date, the Form 10 comments received from the SEC are in the process of being reviewed and an amended registration statement being prepared by management. We've been advised that the ability for Hathaway to issue dividend shares will take place no earlier than August 1, 2007. We ask for our shareholders' patience as this process is completely out of our hands and we're working as diligently as we can to move this process along," stated Mr. Paul D. Lisenby, CEO and Interim Chairman of Hathaway.

Mr. Lisenby further states, "As for the operations of OptiCon Systems, Inc, the company has made tremendous strides in the past few months. The software is being updated to handle the most current operating systems, several companies have expressed deep interest in implementing the software into their networks, and the continued dedication of the sales and marketing team's efforts have begun to pay off in potential contracts, both here in the U.S. and abroad."

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:

    Investor Relations
    James Caldwell
    (727) 447-0514
    Concept Communications Group, LLC