Diabetes Detection, Inc., a Subsidiary of Hathaway Corporation Moves to New Silicon Valley Office in Partnership With Knowledge Market
Diabetes Detection, Inc. in New Silicon Valley Office Under Knowledge Market Management
Aug. 21, 2006 12:31 PM
ST. PETERSBURG, FL -- (MARKET WIRE) -- 08/21/06 -- Hathaway Corporation (PINKSHEETS: HWYI)
announced that they have engaged Knowledge Market, Inc. to manage, operate
and conduct further business development on behalf of Hathaway's wholly
owned subsidiary, Diabetes Detections, Inc (DDI). As a first step in
executing on this agreement, Knowledge Market has secured an office on Sand
Hill Road, Menlo Park, California, that will serve as headquarters for DDI
going forward.
Sand Hill Road has the largest concentration of venture capital firms in
the world. Some of the most successful communications and medical device
companies have been launched and funded by Sand Hill Road venture capital
firms. As such, Hathaway believes this partnership with Knowledge Market
and the move to the Sand Hill Road office will greatly benefit DDI in the
coming six to nine months as DDI is seeking funding opportunities and
strategic relationships with high profile mobile phone and medical device
manufacturers.
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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