Wednesday August 31, 2005 9:00 am ET
ST. PETERSBURG, FL--(MARKET WIRE)--Aug 31, 2005 -- Hathaway Corporation (Other OTC:HWYI.PK - News), a leading global provider of communications and telecommunications software, today announced the resignation of our Chairman and CEO, Mr. Sam Talari, effective September 1st 2005 for personal reasons. Mr. Paul Lisenby will take on the responsibility as Hathaway's new Chairman and CEO effective September 2nd, 2005.
About Hathaway Corporation
Hathaway Corporation develops and acquires undervalued companies that bring a shift in how communications is delivered and serviced globally. Starting with OptiCon Systems, which is used by global 500 companies, Hathaway will continue to seek out and capitalize on emerging technologies that will change the way the world communicates. Hathaway brings the communications solutions of the future to today's business marketplace.
To request further information about Hathaway, please email us at investors@hathawayglobal.com.
About OptiCon Systems Inc.
OptiCon Systems was initially developed by Corning and sold to their customers throughout the U.S. Corning spent millions of dollars and over seven years developing the Fiber Optic Management System currently used by OptiCon and run on over 70% of the major telecoms and cable companies here in the United States. Current clients include Adelphia, Charter, Comcast, Comcast/AT&T, Cox, Time Warner, and BrightHouse.
Market Opportunity
The OSS software marketplace reached $11.1 billion worldwide in 2003 and is expected to grow to $16.2 billion worldwide by 2007. North America enjoys 60% of the marketplace at $6.6 billion. With its current position as the market leader, OptiCon will an opportunity to capture most of the forecasted market size.
Forward-Looking Statements
This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets.
Contact:
Hathaway Corporation, St. Petersburg, Florida
Derek Haake
817-812-2107
Email Contact
Source: Hathaway Corporation