ST. PETERSBURG, FL -- (MARKET WIRE) -- 07/05/06 -- Hathaway Corporation (PINKSHEETS: HWYI) announced that their wholly owned subsidiary, Diabetes Detections, Inc (DDI), has recently completed a working prototype of the Vibrameter, an early detection device for diabetes.

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. The current prototype was implemented on a Blackberry device and will be further tested for accuracy and results.

"DDI's working prototype of the Vibrameter speeds up the overall process and will allow us to move much more rapidly into the production phase of the device," stated Mr. Paul D. Lisenby, Acting CEO of Hathaway. Mr. Lisenby further states, "Our next step will be to apply for FDA Approval of the device and continue testing the prototype for other types of communication devices."

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. According to government studies, early detection can reduce this number by $2.8 billion and devices such as the Vibrameter can test for early symptoms of this disease.

*Blackberry is a registered trademark of RIM and is in no way associated with Hathaway Corporation and or its subsidiaries.

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 BrightHouse. Through Companies like OptiCon, Hathaway brings the communication solutions of the future to today's business marketplace.

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