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SILVERWOOD PARTNERS ADVISES PATH 1 NETWORK TECHNOLOGIES INC.(AMEX: PNO) IN PRIVATE PLACEMENT OF SECURITIES

SHERBORN, MA – December 6, 2005

Silverwood Partners today announced that Path 1 Network Technologies, Inc. (Amex: PNO) has raised capital in a private placement of securities with an institutional investor. Silverwood Partners acted as a financial advisor to Path 1 for this transaction.

Path 1 Network Technologies (Amex: PNO), a leading provider of video networking products that enable the transmission of broadcast-quality video over IP networks, today announced that it has completed a $2.1 million financing with Laurus Master Fund, Ltd. (Laurus), a New York-based fund that specializes in providing funding to small cap companies.

"Our blue chip customers along with our superior products developed over the last several years have distinguished Path 1 as a leading provider of video over IP network gear," said Tom Tullie, President and CEO of Path 1. "This financing allows Path 1 to continue to move forward with our top priorities of further expanding our customer base and continuing to deliver cutting-edge products and services to the emerging video over IP marketplace."

The financing consists of a $2.1 million Secured Convertible Term Note which has a 3-year term and bears interest at a rate equal to prime plus 2.5% per annum, payable monthly beginning 90 days after closing of the financing in (certain circumstances) registered for resale stock or cash. The Note is convertible into shares of Path 1's common stock at $2.6316 per share. In connection with the financing, Laurus was also issued a seven-year Warrant to purchase up to 181,362 shares of Path 1 common stock at an exercise price of $2.89 per share.

Path 1 will file a registration statement with the Securities and Exchange Commission for the Company's common stock underlying the Note and Warrants.

About Path 1 Network Technologies Inc.

Path 1 Network Technologies Inc. is the pioneer and leading provider of video gateway products that enable the conversion and distribution of real- time, broadcast-quality video over Internet Protocol (IP) through both public and private networks. From the delivery of live MPEG-2, MPEG-4, and VC-1 standard definition and high definition (HD) 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 across town or around the world. To find out more about Path 1 Network Technologies Inc., visit our website at www.path1.com or call 877/ONE-PATH (663-7284).

About Silverwood Partners

Silverwood Partners is a sector focused investment bank that provides M&A and private capital raising advisory services to information, communications, financial services, and digital imaging technology companies, and healthcare, industrial and consumer companies. Silverwood delivers acquisition, divestiture or corporate sale advisory, strategic-financial advisory and institutional financing services to companies in its targeted business sectors. For additional information, visit Silverwood’s Website at www.silverwoodpartners.com.

Important Information

This release may include forward-looking statements, as defined by the Private Securities Litigation Reform Act of 1995, about the future performance of one or more public companies. There are a number of factors that could cause actual events or results to differ materially from those indicated by such forward-looking statements, such as the competitive market in which any company operates, market acceptance of a public company’s existing and new products, a public company's ability to anticipate customer needs and the other factors set forth under the caption “Certain Factors That May Affect Future Results,” or similar, in a public company’s filings with the Securities and Exchange Commission. In addition, any forward-looking statements contained herein represent an estimate only as of the date of such statement and should not be relied upon as representing an estimate as of any subsequent date.

Press Contact
Jonathan Hodson-Walker
Managing Partner
Silverwood Partners
T. 508-651-2194
E. This email address is being protected from spambots. You need JavaScript enabled to view it.

 

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