Message #3 From:
NewsBot Date: October 30, 2006 05:31:00 AM
HWYI News Hathaway Corporation's (HWYI) Diabetes Detection, Inc. Furthers Its Corporate Development Efforts
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Hathaway Corporation (Pink Sheets:HWYI)
announced today that its wholly owned subsidiary, Diabetes Detections,
Inc (DDI), has made significant progress in its corporate development
efforts.
DDI is in discussions with Research In Motion (Nasdaq:RIMM) regarding
potential alliance opportunities around the use of the BlackBerry®
as the host device for DDI’s commercial
offering of its Vibrametric diagnostic device.
Paul Lisenby, CEO of Hathaway Corporation: "While we are exploring
opportunities with a variety of cellular phone manufacturers and medical
device companies, we are particularly interested in developing a
relationship with RIM as we believe the BlackBerry®
is a great host for our Vibrametric device.”
Diabetes is a chronic condition that affects 18.2 million people --
nearly 6 percent of adults and children. National inpatient hospital
costs associated with the treatment of diabetes topped $3.8 billion.
According to government studies, early detection can reduce this number
by $2.8 billion and devices such as the Vibrameter can test for early
symptoms of this disease.
BlackBerry® is a registered trademark of RIM
and is in no way associated with Hathaway Corporation and or its
subsidiaries. The BlackBerry® and RIM families
of related marks, images and symbols are the exclusive properties and
trademarks of Research In Motion Limited.
About Hathaway Corporation
Hathaway Corporation develops and acquires undervalued companies that
bring a shift in how communications are delivered and serviced globally.
Hathaway continues to seek out and capitalize on emerging technologies.
Their first acquisition, OptiCon Systems, was first developed by Corning
and sold to their customers. Corning spent millions of dollars and over
seven years developing the Fiber Optic Management System currently
marketed and sold by OptiCon Systems Inc. OptiCon serves over 70% of the
global 500 companies such as Adelphia, Charter, Comcast, Comcast/AT&T,
Cox, Time Warner, and Bright House. Companies like OptiCon and DDI
Hathaway brings the communication solutions of the future to today's
business marketplace.
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.
