ST. PETERSBURG, FL -- (MARKET WIRE) -- 02/01/06 -- Hathaway Corporation (OTC: HWYI) is pleased to announce that they have signed a Letter of Intent to acquire Diabetes Detection, Inc., for 3.1 million shares of Hathaway restricted common stock. Diabetes Detection, Inc. owns the exclusive license for the Vibrameter, which is a hand-held mobile device that can assist in the early detection of diabetes.

Diabetes is a chronic condition that affects 18.2 million people -- nearly 6 percent of adults and children. National inpatient hospital costs associated with the treatment of diabetes topped $3.8 billion dollars. Early detection can reduce this number by $2.8 billion dollars. (For the complete article, please click here: http://www.ahcpr.gov/data/hcup/highlight1/high1.pdf#search='diabetes%2 0health%20care%20costs)

Diabetes Detection, Inc.'s patent-pending Vibrameter represents the world's only mobile medical device that tests for early defects of the nervous system, or neuropathy, resulting from diabetes and kidney failure. This device has the ability to revolutionize the industry by detecting neuropathy through vibration utilizing communication devices such as a pagers, cell phones, and PDAs.

"Our business model at Hathaway is to seek out companies within the communications industry with disruptive technologies that bring a shift in how communications are delivered and serviced globally. Diabetes Detection, Inc. has technology that will change the way healthcare professionals can detect, and therefore treat, diabetes. As healthcare costs rise significantly in the treatment of diabetes, this device will allow for early detection, thereby having a direct impact on medical costs for insurance companies and health care providers globally in their patient care costs," 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 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.

Contact:
Big Apple Consulting USA, Inc. for Hathaway Corporation
Investor Relations
(407) 884-0444 or 1-866-THE-APPLE