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Message #4
From: NewsBot
Date: November 2, 2006 05:31:00 AM

HWYI News Hathaway Corporation Issues Statement Regarding OptiCon Spin-Off

ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Hathaway Corporation (Pink Sheets:HWYI), a leading global provider of communications and telecommunications software, issued the following statement to further inform all current and future Hathaway shareholders regarding the spin-off of OptiCon Systems, Inc.:

“All shareholders of Hathaway, as of the record date of the spin-off (which will be provided shortly), shall receive 1 share of OptiCon for every 2 shares of Hathaway stock owned. All Hathaway shareholders will maintain their current share positions in Hathaway. The OptiCon stock will be issued as a dividend and will be deposited into each investors brokerage account automatically. Investor’s investment in Hathaway will remain but they will also have shares in OptiCon as well.”

Complete summary of the spin-off can be found at www.hathawayglobal.com/opticonspinoff.asp.

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.

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