Path 1 Accepts Resignation of Officers

Directors Frederick Cary and Robert Packer Step In as Interim Principal Officers 


SAN DIEGO, Sept. 26  /PRNewswire-FirstCall/ -- Path 1 Network Technologies Inc. (AMEX:PNO), announced today that the company's Board of Directors has accepted the resignations of CEO/CFO John Zavoli and Vice President David Carnevale, effective Friday, September 23, 2005.  The Company has appointed Directors Frederick Cary and Robert Packer to serve as Co-Principal Executive Officers on an interim basis while negotiations take place with certain qualified candidates for the open CEO position.

"The Board thanks John and David for the hard work and dedication that they have shown during their time at Path 1," stated Mr. Packer.  "Through their efforts, the Company has made headway in positioning itself as best-of- breed in the IP video world, increasing its margins, and improving the reliability of our product line.  However, we believe that there are much greater opportunities for the organization ahead as customer acceptance and reliance on IP video begin to explode -- in that regard, it is the Board's belief that we should seek to bring in a seasoned leader to direct the Company and bring us to the next level of growth."

Frederick Cary commented, "We continue to strive to create maximum value for our shareholders, balancing the interests of our investors, our customers and our employees.  Consistent with our search for value, the Company must continually demonstrate the ability to create the products and services that our customers find highly desirable, the understanding of how best to complete and continue sales to these customers, the wisdom to aggressively design our next generation platforms to always stay ahead of the competition, and the desire to keep these various stakeholders informed of our progress along the way."

Mr. Cary continued, "We take these responsibilities seriously and, with today's announcements, we ask for the complete support of these stakeholders as we position the organization for additional growth and success in the times ahead of us."

About Path 1 Network Technologies Inc.

Path 1 Network Technologies Inc. produces a full line of video transport products that enable the conversion and distribution of real-time, broadcast- quality video over Internet Protocol (IP) networks. From the delivery of live MPEG-2 and MPEG-4 standard definition and high definition broadcasts to Video on Demand (VOD), Path 1's video infrastructure platforms allow broadcasters, cable, telco, satellite and mobile operators to transmit high-quality point- to-point, multipoint and multiplexed video over public or private IP networks. To find out more about Path 1 Network Technologies Inc. (AMEX:PNO), visit our website at http://www.path1.com/ or call 877/ONE-PATH (663-7284).

SAFE HARBOR STATEMENT: This news release contains "forward-looking statements" that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events or results to differ materially from those projected in the forward-looking statements, including the risks that we will require future financing, that uncertainties inherent in our executive leadership transition might hinder our progress, that our products might not achieve customer or market acceptance or that they will not perform as expected, that customer trials might not lead to future sales, that our sales might fluctuate between reporting periods and other risks identified in our annual report on Form 10-K and other filings with the SEC. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements are made as of the date hereof and Path 1 undertakes no obligation to update such statements. 

DATASOURCE: Path 1 Network Technologies Inc.



CONTACT:  Lasse Glassen of Financial Relations Board, [phone],

for Path 1 Network Technologies Inc.



Web site:  http://www.path1.com/ 

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