ST. PETERSBURG, FL -- (MARKET WIRE) -- 07/05/06 -- Hathaway Corporation (PINKSHEETS: HWYI)
announced that their wholly owned subsidiary, Diabetes Detections, Inc
(DDI), has recently completed a working prototype of the Vibrameter, an
early detection device for diabetes.
Diabetes Detection, Inc.'s patent pending Vibrameter represents the world's
only mobile medical device that tests for early defects of the nervous
system, or neuropathy, resulting from diabetes and kidney failure. This
device has the ability to revolutionize the industry by detecting
neuropathy through vibration utilizing communication devices such as a
pagers, cell phones, and PDAs. The current prototype was implemented on a
Blackberry device and will be further tested for accuracy and results.
"DDI's working prototype of the Vibrameter speeds up the overall process
and will allow us to move much more rapidly into the production phase of
the device," stated Mr. Paul D. Lisenby, Acting CEO of Hathaway. Mr.
Lisenby further states, "Our next step will be to apply for FDA Approval of
the device and continue testing the prototype for other types of
communication devices."
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.
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
BrightHouse. Through Companies like OptiCon, 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.
Contact:
FutureTechIR for Hathaway Corporation
Investor Relations
(817) 812-2105
or 727-417-9338
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