SOURCE: Hathaway Corporation

July 17, 2007 09:26 ET

Hathaway (HWYI) Wholly Owned Subsidiary Opticon Systems, Inc. Files Second Response to SEC

Final SEC Effectiveness Anticipated for End of August

ST. PETERSBURG, FL--(Marketwire - July 17, 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, announced the company has responded to the second review from the SEC and anticipate an end of August effectiveness for their wholly owned subsidiary Opticon Systems, Inc.

"We are pleased to announce this important milestone as we finally move closer to the completion of the filing process with the SEC. Opticon Systems, Inc. has geared up its processes and is ready to execute its operating plan. We are confident that their strategies will result in strong growth in the short term as they work to meet their goals," stated Mr. Sadruddin Currimbhoy, COO of Hathaway.

Mr. Currimbhoy added, "While we realize that Opticon's listing process has been taxing on the shareholders of Hathaway, management has worked hard with our legal counsel to insure the filings meet the criteria for the SEC, and pave the way for Opticon to become a separate publicly traded company. Pending approval from the SEC, Hathaway wishes to remind shareholders that it will issue 1 dividend share for every 2 shares of Hathaway stock held, based on the shareholder list on the effective date."

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 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