Hathaway Corporation's Subsidiary, OptiCon Systems, Inc., Furnishes Customer List

Wednesday September 14, 11:40 am ET ST. PETERSBURG, FL--(MARKET WIRE)--Sep 14, 2005 -- Hathaway Corporation (Other OTC:HWYI.PK - News), a leading global provider of communications and telecommunications software, today announced that it has completed the review of a significant portion of the assets that were acquired with the purchase of OptiCon Systems Inc. OptiCon Systems had previously acquired the intellectual properties of the OptiCon fiber optic management software from Corning Cable Systems, Inc. (Corning). Today, Hathaway is announcing that they have reviewed critical information, including the original development and design documentation for the currently available release of the OptiCon system, the collateral and marketing materials that were used while Corning owned and developed this software and the customer list and contact database that came with the previous acquisition by OptiCon Systems. This customer data list contains detailed documentation from Corning's previous business unit, and includes the details and information for 7 of the top 11 Cable Companies, and the remaining 55 companies that had the OptiCon software installed at over 140 locations. This database includes multiple cable and telecom companies, large cities, universities and international clients that were major customers of the OptiCon system. "Needless to say, we are very excited about the depth of information that was included in the purchase of the software," said Mr. John Batton, President of Hathaway. "Our initial review of the information acquired has exceeded our expectations and will allow us to increase our ability to re-establish the software in our marketplace and meet our financial objectives in both the long and short term." About Hathaway Corporation Hathaway Corporation develops and acquires undervalued companies that bring a shift in how communications is delivered and serviced globally. Starting with OptiCon Systems, which is used by global 500 companies, Hathaway will continue to seek out and capitalize on emerging technologies that will change the way the world communicates. Hathaway brings the communications solutions of the future to today's business marketplace. About OptiCon Systems Inc OptiCon Systems was initially developed by Corning Cable Systems, inc. and sold to their customers throughout the U.S. Corning spent millions of dollars and over seven years developing the Fiber Optic Management System currently used by OptiCon and run on over 70% of the major telecoms and cable companies here in the United States. Current clients include Adelphia, Charter, Comcast, Comcast/AT&T, Cox, Time Warner, and BrightHouse. Market Opportunity The OSS software marketplace reached $11.1 billion worldwide in 2003 and is expected to grow to $16.2 billion worldwide by 2007. North America enjoys 60% of the marketplace at $6.6 billion. With its current position as the market leader, OptiCon will an opportunity to capture most of the forecasted market size. Forward-Looking Statements This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets. Contact: Hathaway Corporation St. Petersburg, Florida Sam Talari 817-812-2107 727-417-9338 Email Contact Source: Hathaway Corporation