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The Spinoff of Opticon will be valued at $2 to $4, and for every two shares you own of HWYI you will recieve 1 share of OptiCon
HWYI has a 22.34 million dollar market cap, their one aquisistion of OptiCon brought in nearly four times (84m) that amount of value to the company, I think the fact that OptiCon is Fiber Optics is nice simply due to the fact that fiber optics is going to be the data lines of the future (phone, internet, cable)
And they have a positive balance on their balance sheet......
Balance Sheet Total Cash (mrq): 452 Total Cash Per Share (mrq): 0 Total Debt (mrq): 138.50K Total Debt/Equity (mrq): 0.003 Current Ratio (mrq): N/A Book Value Per Share (mrq): 0.786
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OptiCon doing business with some big dogs, the spin off is what I am in this for.
** OptiCon solution has already been installed in over 70% of the major cable companies nationwide such as: Adelphia, Charter, Comcast, Comcast/AT&T, Cox, Time Warner, and BrightHouse
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HWYI subsidiary DDI in discussions with RIMM
"DDI is in discussions with Research In Motion (Nasdaq:RIMM) regarding potential alliance opportunities around the use of the BlackBerry(R) 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(R) is a great host for our Vibrametric device."
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No doubt look at the list of people HWYI and subsidiaries do business with,
** OptiCon solution has already been installed in over 70% of the major cable companies nationwide such as: Adelphia, Charter, Comcast, Comcast/AT&T, Cox, Time Warner, and BrightHouse
and now DDI maybe with RIMM, that is not big it is huge.
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Hathaway Corporation's (HWYI) Wholly Owned Subsidiary OptiCon Nears Completion of Audit for SEC Monday October 23, 2006
Hathaway Corporation announced today that the auditing process for their wholly-owned subsidiary OptiCon Systems, Inc. is nearing completion. We're hoping that we will be able to file with SEC shortly. The "record date" of the spin-off for the current shareholders of HWYI will be posted as soon as we've received an effective date of our form 10-SB from SEC. The "spin-off date" will be established when a trading symbol is received from NASD. OptiCon's IPO will be priced at a minimum of $2 per share and a maximum of $4 per share, based on an independent valuation of $84M.
"This process is sometimes long and frustrating, not only to us but to our shareholders as well," stated Paul D. Lisenby, interim CEO of Hathaway. Mr. Lisenby adds, "The final process is near completion and we feel the filing of the form 10-SB shall take place in the very near future. We ask our shareholders to be patient. OptiCon is also currently in negotiations for several major contracts with global telecommunications companies and we're hoping to close these deals very soon."
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. Through companies like OptiCon and DDI, Hathaway brings the communication solutions of the future to today's business marketplace.
Safe Harbor
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To request further information about Hathaway, please email us at
investors*hathawayglobal.com.
OptiCon Spin-Off Frequently Asked Questions
In order to further educate our investors regarding the Opticon Spin-Off, we’ve put together some simple FAQ’s to help further illustrate how this benefits Hathaway’s Shareholders.
Previous spin off information:
Spinoff announcement Spinoff clarification Audit status
What is a Spin-Off? Hathaway Global looks for companies to assist in further development and to bring value to our shareholders. Once management feels the company has the potential to become a publicly traded company on their own, then Hathaway will spin them off the parent corporation and they will be separated from Hathaway.
What is my stake in OptiCon once the spin-off is effectuated and when would be the record date? All Hathaway shareholders will receive 1 (one) share of OptiCon for every 2 (two) shares owned in Hathaway. For example: you own 5,000 shares of Hathaway as of the record date of the spin-off. You would then receive 2,500 shares of OptiCon. You will still hold the 5,000 shares of Hathaway in addition to the 2,500 shares of OptiCon. The record date would be announced shortly after we have filed with SEC.
Can I buy more shares in Hathaway to gain more shares of OptiCon? Absolutely! The more shares you own in Hathaway, the greater amount you will own in OptiCon once the spin-off takes place.
If I buy shares in Hathaway after the date of record, will I receive shares in OptiCon? No! Once the effective date is announced, ONLY shareholders of record will be entitled to OptiCon shares.
What will the trading symbol of OptiCon be? This will be determined by the NASD upon approval of the forms submitted. Unfortunately, we have no control over what symbol they will issue.
How will I receive my shares once the spin-off is completed? Hathaway Common stockholder will automatically be mailed a statement of ownership by the OptiCon’s transfer agent, Island Stock Transfer. This statement will represent your ownership in Hathaway Corporation – one OptiCon share for 2 shares of Hathaway Common stock you own on the record date. Typically the shares will be issued through the transfer agent directly into your brokerage account. If you currently have your Hathaway shares in certificate form and have not registered them, then you will be mailed a stock certificate to the address of record by the transfer agent.
What is a Statement of Ownership? OptiCon stockholders’ security positions will be held in a book-entry form in a Direct Registration account maintained by OptiCon’s transfer agent, Island Stock Transfer. Therefore, instead of issuing a stock certificate for your shares, the transfer agent will mail you a statement detailing your shareholdings in OptiCon. If you maintain your shares with your broker, OptiCon shares will appear on the statement that you receive from your broker.
What market will Opticon be trading on? To date, our goal is to have OptiCon either on the OTCBB or AMEX. As OptiCon will be a fully-reporting company, the OTCBB will be the market of choice at this time. If the company has the opportunity to be placed on the AMEX based on their criteria, then naturally management will opt for this market.
What price will OptiCon open at once it begins trading? The price will be established based on many factors. Unfortunately this information is not available to us at this time. But we are hoping, based on an independent valuation of $84M for OptiCon, the IPO shares would be priced at $2-$4 per share.
What will the value of Hathaway be? What will the value of OptiCon be? The true value of Hathaway after the spin-off and the true value of OptiCon after the spin-off will be determined by the marketplace.
After the spin-off, whom do I contact with questions about Hathaway and OptiCon? ACCO Brands?
Hathaway Corporation/Investor Relation Office OptiCon’s Transfer Agent
475 Central Ave., B100 St. Petersburg, FL 33701 Island Stock Transfer Telephone: 727-289-0010 Fax: 727-289-0069 Postal Address: 100 Second Avenue South, 300N St. Petersburg, Florida 33701
817-812-2105 info*islandstocktransfer.com
Email: info*hathawayglobal.com
Is there any tax on the receipt of the OptiCon shares? For U.S. shareholders, there will be no tax on the receipt of OptiCon Common stock. Shareholders resident in certain other jurisdictions should consult their tax advisor.
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What market will Opticon be trading on? To date, our goal is to have OptiCon either on the OTCBB or AMEX. As OptiCon will be a fully-reporting company, the OTCBB will be the market of choice at this time. If the company has the opportunity to be placed on the AMEX based on their criteria, then naturally management will opt for this market.
What price will OptiCon open at once it begins trading? The price will be established based on many factors. Unfortunately this information is not available to us at this time. But we are hoping, based on an independent valuation of $84M for OptiCon, the IPO shares would be priced at $2-$4 per share.
What will the value of Hathaway be? What will the value of OptiCon be? The true value of Hathaway after the spin-off and the true value of OptiCon after the spin-off will be determined by the marketplace.
After the spin-off, whom do I contact with questions about Hathaway and OptiCon? Hathaway Corporation/Investor Relation Office OptiCon’s Transfer Agent
475 Central Ave., B100 St. Petersburg, FL 33701 Island Stock Transfer Telephone: 727-289-0010 Fax: 727-289-0069 Postal Address: 100 Second Avenue South, 300N St. Petersburg, Florida 33701
posted
Hathaway Corporation Sets shareholder "Record Date" for the Spin-Off of its First Subsidiary, OptiCon Systems, Inc.
December 19, 2006 is date for Hathaway shareholders to be eligible for spin-off shares
Monday Nov. 06, 2006 8:31 am ET
ST. PETERSBURG, FL--Nov. 06, 2006 -- Hathaway Corporation (Other OTC:HWYI.PK - News), a leading global provider of communications and telecommunications software and services, today announced that 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".
The "distribution date" of the spin-off dividend or shares of OptiCon will be announced when our registration statement with SEC is active and when NASD provides the trading authorization and a trading symbol. We expect the approximate "distribution date" to be in the beginning of the second quarter of 2007.
Hathaway Corporation initially announced the intent to Spin-Off OptiCon Systems, Inc on May 3rd, 2006.
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 and sold by Corning. 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 such as OptiCon and DDI, Hathaway brings the communication 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: FutureTechIR for Hathaway Corporation Investor Relations (817) 812-2105 or 727-417-9338
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posted
HWYI looked very strong into the close, up big.
I don't think alot of people know about this as the word spreads this one is going to fly, every one dollar you get two to four more bucks worth of stock, too good of a deal for me to pass up.
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Hathaway Corporation's (HWYI) Diabetes Detection, Inc. (DDI) Enters Alliance Agreement with Research In Motion (RIM) to Further Develop DDI's Diagnostic Technology on the BlackBerry(R) HWYI Furthers Its Business Plan by Preparing DDI for a Spin-Off After the Completion of Our First Spin-Off, OptiCon Systems Inc., by 2nd Quarter 2007 Nov 15, 2006 8:31:00 AM Copyright Business Wire 2006 PALO ALTO, Calif.--(BUSINESS WIRE)--
Hathaway Corporation (Other OTC:HWYI) announced today that its wholly owned subsidiary, Diabetes Detections, Inc (DDI), has entered into an alliance agreement with Research In Motion (NASDAQ:RIMM) (TSX:RIM) under RIM's BlackBerry(R) ISV Alliance Program. The alliance advances DDI's commitment to providing a platform for the early detection of diabetic neuropathy, often an early sign of the onset of diabetes, utilizing leading communications devices such as the BlackBerry(R). The platform is designed to work seamlessly with BlackBerry(R) from Research In Motion (RIM) (NASDAQ:RIMM) (TSX:RIM).
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.
DDI's Vibrameter provides a dual function for electronic communication devices, such as beepers, pagers or cellular phones, as a medical diagnostic tool for detecting and/or monitoring neuropathy. The Device allows a health care professional to perform a quick and accurate test to determine neuropathy in patients. The Device produces instant results allowing the health care professional to refer the subject for further diagnostic evaluation, thereby assisting in the early detection of diabetes. For more information, please visit http://www.diabetesdetectioninc.com.
"We are ecstatic that DDI has joined the BlackBerry(R) ISV Alliance Program," said Paul Lisenby, C.E.O. of Hathaway Corporation. "The BlackBerry handset is a natural platform for our Vibrameter device that is used to detect neuropathy conditions. Working with a company of the caliber of Research In Motion is a tremendous step forward for DDI's corporate development and we look forward to additional progress with Research In Motion as we continue to advance DDI's business model and bring tremendous shareholder value to Hathaway."
BlackBerry(R) is a registered trademark of RIM and is in no way associated with Hathaway Corporation and or its subsidiaries. The BlackBerry(R) 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. Through companies such as 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.
Source: Hathaway Corporation
---------------------------------------------- FutureTechIR for Hathaway Corporation Investor Relations 817-812-2105 or 727-417-9338
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HWYI Furthers Its Business Plan by Preparing DDI for a Spin-Off After the Completion of Our First Spin-Off, OptiCon Systems Inc., by 2nd Quarter 2007
Most exciting part of the news.
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Hathaway Corporation (Other OTC:HWYI) announced today that its wholly owned subsidiary, Diabetes Detections, Inc (DDI), has entered into an alliance agreement with Research In Motion (NASDAQ:RIMM) (TSX:RIM) under RIM's BlackBerry(R) ISV Alliance Program. The alliance advances DDI's commitment to providing a platform for the early detection of diabetic neuropathy, often an early sign of the onset of diabetes, utilizing leading communications devices such as the BlackBerry(R). The platform is designed to work seamlessly with BlackBerry(R) from Research In Motion (RIM) (NASDAQ:RIMM) (TSX:RIM).
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