Hathaway Corporation Issues Statement Regarding OptiCon Spin-Off
Tuesday November 2, 2006

Hathaway Corporation, a leading global provider of communications and telecommunications software, issued the following statement to further inform all current and future Hathaway shareholders regarding the spin-off of OptiCon Systems, Inc.:

""All shareholders of Hathaway, as of the record date of the spin-off (which will be provided shortly), shall receive 1 share of OptiCon for every 2 shares of Hathaway stock owned. All Hathaway shareholders will maintain their current share positions in Hathaway. The OptiCon stock will be issued as a dividend and will be deposited into each investors brokerage account automatically. Investor's investment in Hathaway will remain but they will also have shares in OptiCon as well."

Complete summary of the spin-off can be found at www.hathawayglobal.com/opticonspinoff.aspf.

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 Bright House. Through companies like OptiCon and DDI, 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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