Business
Hathaway Corporation Sets shareholder "Record Date" for the Spin-Off of its First Subsidiary, OptiCon Systems, Inc.
Hathaway Corporation Sets shareholder "Record Date" for the Spin-Off of its First Subsidiary, OptiCon Systems, Inc..
About this update from Futureworld Corp
[{"type":"text","content":"December 19, 2006 is date for Hathaway shareholders to be eligible for spin-off shares\r\n\r\nMonday Nov. 06, 2006 8:31 am ET\r\n\r\nST. 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. \r\n\r\nAll 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\". \r\n\r\nThe \"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. \r\n\r\nHathaway Corporation initially announced the intent to Spin-Off OptiCon Systems, Inc on May 3rd, 2006.\r\n\r\nA complete summary of the spin-off can be found at http://www.hathawayglobal.com/opticonspinoff.asp\r\n\r\nAbout Hathaway Corporation \r\n\r\nHathaway 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 [email protected]. \r\n\r\n\r\nSafe Harbor \r\nThis release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 ...