SOURCE: Hathaway Corporation

March 20, 2006 08:31 ET

Hathaway Corporation Responds to Investors Concerns Regarding Stock Price

ST. PETERSBURG, FL -- (MARKET WIRE) -- March 20, 2006 -- Hathaway Corporation ( (OTC: HWYI) has received many shareholder concerns regarding the falling share price over the past few weeks.

"As with most public companies, Hathaway has no control in how trades ensue or how markets are made for the company's securities. We have uncovered facts there may be certain unscrupulous individuals and/or companies that might be behind a manipulation of our stock prices. We will thoroughly investigate and if we find these facts to be true, the company will use all legal means to prosecute any individuals or companies found to be responsible for any manipulation of our share price and/or trading improprieties," stated Mr. Paul D. Lisenby, acting CEO of Hathaway. Mr. Lisenby goes on to say, "As for our operations at Hathaway Corporation, we are executing our business plans to its fullest. Mr. Larry Oakley of stated that 'Hathaway Corporation Business Model Seen as Extraordinarily Attractive.' We have accomplished this through the acquisition of two communications companies that bring a major transformation to their respective industries: OptiCon Systems and Diabetes Detection, Inc. Both acquisitions were done based on $1.00 per share of Hathaway stock."

In addition, the company also stated the following:

OptiCon Systems is in the process of securing funding by major investment bankers for $30M. Their projected financials call for the annualized revenue of $3 million, $50 million, and $125 million over the next three years.

Diabetes Detection has the world's only patent-pending technology that utilizes current communication devices for early detection of diabetes. The device will allow every person to use common devices such as cell phones or a BlackBerry® for early detection of diabetes.

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 such as OptiCon Systems that will change the way the world communicates. Originally, OptiCon Systems was 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.

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