'Hathaway's first acquisition, OptiCon serves over 70% of the global 500 companies such as Adelphia, Charter, Comcast, Comcast/AT&T, Cox, Time Warner, and BrightHouse.'

Overview

Headquartered in Petersburg, Florida, Hathaway Corporation is engaged in the development and acquisition of undervalued companies as well as in providing communications and telecommunications software. 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, a global 100 company. 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 BrightHouse. Through Companies like OptiCon, Hathaway brings the communication solutions of the future to today's business marketplace. In the recent past, Hathaway has acquired OptiCon Systems Inc. and Diabetes Detection, Inc.
 

Investment Highlights

Subsidiaries

OptiCon Systems Inc.

The acquisition of OptiCon Systems Inc., as a first subsidiary, by Hathaway in 2005 is expected to create significant value for shareholders. OptiCon, a former business unit of Corning, operates the OptiCon software designed to detect breaks in fiber optic lines (used by global 500 telecommunications and communications companies). OptiCon currently serves over 70% of the global 500 companies including Adelphia, Charter, Comcast, Comcast/AT&T, Cox, Time Warner and BrightHouse. The large-scale deployment of fiber by the telecom companies calls for a strong management system for these fiber optic networks. Hathaway’s ownership in OptiCon is expected to ensure a strong market potential for the company in the growing fiber optic service provider market. Additionally, OptiCon is currently in the final stage of negotiation for funding and once completed is expected to generate revenue to the tune of $250 million by 2008.
 

Diabetes Detection Inc
 

Hathaway completed its second acquisition by purchasing Diabetes Detection Inc. (DDI) in March 2006, which provides advanced means for early detection of Diabetic neuropathy. This subsidiary has developed a diagnostic tool, the Vibrameter, that work in conjunction with available tools to detect this disease at an early stage. Diabetes Detections Device is in the final stage of having a prototype completed to begin clinical trial testing. The interest for this medical device has increased dramatically and the company has received many calls from institutions looking to help fund this project and bring it to market sooner than expected.

Markets

The Fiber Optic Market

According to a recent study conducted by Fiber Optics Weekly, the market for Fiber Optic equipment and systems is likely to increase dramatically, by 10.3% per year through 2006 and reach a sizeable market of $22 billion in the near future. It is expected that 50% of U.S. households will opt for broadband access by the year-end. Projections for the period 2006-2011 are extremely favorable with annual growth expected to average close to 18%, and exceed $50 billion in 2011.

The Diabetes Market

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. Diabetes Detections Inc. is expected to generate revenue to the tune of $150 million by 2008.

Strong Customer Base

OptiCon has a strong customer base including top-notch companies like Charter Communications, Adelphia, AT&T, Comcast, and Time Warner. Seven out of 10 major telecom and cable companies currently use OptiCon. All major telecom companies around the world are in the process of laying fiber optics. As more companies resort to fiber to home initiatives, Hathaway will be able to capitalize on these opportunities with their OptiCon Systems Software Management Program. Though the U.S. is the major market for OptiCon Systems, the company plans to expand globally in the next five years offering fiber optics management systems to Asia and China in the near future. China has a huge potential market waiting to be tapped. With 1.3 billions in population and 9.5 million sq. km in landmass, the market holds the potential of generating billions of dollars in revenue.

Shareholder Value

Hathaway Corporation recently announced that its management has approved a dividend consisting of 100% of the stock of OptiCon Systems. Hathaway's shareholders will receive one common stock of OptiCon Systems for every two shares held in Hathaway. the Company has established Dec.19th, 2006 as the "record date" for determining the record holders of Company common stock for purposes of receiving the "spin-off" distribution shares to all of the Company's shareholders.

All Hathaway shareholders of record at the close of business on December 19, 2006 will be eligible to receive one share of OptiCon Systems, Inc. common stock for every two shares of Hathaway common stock owned as of the "record date" on the "distribution date."
 

OptiCon also plans to be listed on the NASDAQ OTC Bulletin Board or Amex in the near future.

Corporate headquarters:

Hathaway Corporation
Tollway Plaza Center
15950 North Dallas Parkway Suite 400
Dallas, TX 75248

Phone: 1-817-812-2104
Fax: 1-813-354-2739

FORWARD LOOKING STATEMENTS

This report includes forward-looking statements that reflect Hathaway Inc. current expectations about its future results, performance, prospects and opportunities. Hathaway Inc. . has tried to identify these forward-looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "we are confident" or similar expressions. These forward-looking statements are based on information currently available and are subject to a number of risks, uncertainties and other factors that could cause Hathaway Inc.'s actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and other factors include, without limitation, the Company's growth expectations and ongoing funding requirements, and specifically, the Company's growth prospects with scalable customers, and those outlined above. Other risks include the Company's limited operating history, the Company's history of operating losses, consumers' acceptance, the Company's use of licensed technologies, risk of increased competition, the potential need for additional financing, the terms and conditions of any financing that is consummated, the limited trading market for the Company's securities, the possible volatility of the Company's stock price, the concentration of ownership, and the potential fluctuation in the Company's operating results.

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