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Hathaway (HWYI) Enters into LOI with Korean
Medical device Manufacturer, U & I Bio-Tech, Inc.
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Hathaway (HWYI) Subsidiary OptiCon Systems, Inc. Receives Trading
Symbol from FINRA
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Hathaway (HWYI) to Begin Spin-Off of Subsidiary Diabetes Detection Inc.
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Hathaway Corporation to Engage Counsel to File With Securities & Exchange Commission
Wednesday March 15, 2006

Hathaway Corporation to File With SEC in Order to "Up List"

Hathaway Corporation is pleased to announce that the company plans to engage JACKSON L. MORRIS, ESQ., for the purpose of filing the necessary documentation with the Securities and Exchange Commission in order to "up list" to the American Stock Exchange, NASDAQ Small Cap or the OTC Bulletin Board, contingent upon qualification criteria. The process is expected to be initiated upon completion of the audit process.

Mr. JACKSON L. MORRIS, ESQ., located in Tampa, Florida, has been serving the Tampa Bay area since 1975. Mr. Morris was employed by the Securities and Exchange Commission as Senior Branch Attorney at Division of Corporation Finance from 1970 to 1975 and presently runs a private law practice in Securities Law, Corporate Law, and Business Transactions since 1975 in Tampa Florida.

"We are very pleased with the expertise and professionalism that Mr. Morris has demonstrated over the past 35 years as a securities attorney. His thorough knowledge and understanding of the filing process will insure our company's submission is compliant with all issues related to this important step. Engaging Mr. Morris will allow Hathaway to move forward in becoming fully reporting and obtaining a listing on a major exchange," stated Paul Lisenby, acting CEO of Hathaway Corporation

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 Bright House. 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 approvals for anticipated actions.

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