SOURCE: Hathaway Corporation

August 21, 2006 08:31 ET

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

ST. PETERSBURG, FL -- (MARKET WIRE) -- August 21, 2006 -- 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.

For more information about Diabetes Detection Inc, please visit their website at www.diabetesdetectioninc.com

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 Information

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