SOURCE: Hathaway Corporation

March 27, 2006 08:31 ET

Hathaway Corporation Updates New Investors on Business Model

ST. PETERSBURG, FL -- (MARKET WIRE) -- March 27, 2006 -- Hathaway Corporation (OTC: HWYI) has received many inquiries from new shareholders and potential investors regarding the Company's business model. Per our business model, we see rather outstanding appreciation potential here for our investors. Each acquisition will result in either a cash or share dividend when it is sold or spun off as a public company. Those dividends will be based on the percentage of shares that each shareholder has. In the case of our first acquisition, OptiCon, the dividend should be extraordinarily attractive.

The company also issued the following information regarding how it is progressing.

"Over the past few days, we've seen a tremendous increase in the movement of our stock and have received countless inquiries from shareholders and potential investors. We would like to update all current and future shareholders about our business at Hathaway and how the company is progressing," stated Paul D. Lisenby, acting CEO of Hathaway. Mr. Lisenby goes on to state, "Our wholly owned subsidiary Opticon Systems is in the final negotiations for major funding. Once this funding is complete we expect the company to bring in $3.5 million in revenue this year. Diabetes Detections Device (DDI) is in the final stage of having a prototype completed to begin clinical trial testing. The interest for this medical device has increased dramatically and we've had many calls from institutions looking to help fund this project and bring it to market sooner than expected. In addition, we're currently looking at another acquisition in the telecommunications sector that has interest from governmental agencies worldwide. For shareholders looking for more details on OptiCon and DDI, we welcome you to visit our website at"

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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