PNO Path 1 Netwk Tech

SAN DIEGO, Nov. 18 /PRNewswire-FirstCall/ -- 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, pursuant to AMEX Company Guide Section 711(a), that it has made an inducement stock option grant to its new Chief Executive Officer and President, Thomas Tullie. The inducement grant covers 115,000 shares of common stock at an exercise price of $2.84 per share, immediately vested but subject to a condition subsequent of one year of continuous service as CEO and not exercisable for such one year. Vesting would accelerate in the event of a change in control or termination without cause, and the post-separation exercisability period of the stock options would be extended. For additional details of Mr. Tullie's terms of employment including other stock-based compensation which, unlike the inducement stock option grant, was issued under stockholder-approved compensation plans, please refer to the Company's Current Report on Form 8-K, filed earlier today with the Securities and Exchange Commission. 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 http://www.path1.com/ or call 877/ONE-PATH (663-7284). MEDIA: Alice Borda Sterling Communications (408) 395-5500 AT FINANCIAL RELATIONS BOARD: Lasse Glassen General Information (310) 854-8313 Amy Cozamanis Investor/Analyst Information (310) 854-8314 DATASOURCE: Path 1 Network Technologies Inc. CONTACT: media, Alice Borda of Sterling Communications, +1-408-395-5500, ; or General Information, Lasse Glassen, +1-310-854-8313, , or Analyst Information, Amy Cozamanis, +1-310-854-8314, , both of Financial Relations Board, all for Path 1 Network Technologies Inc. Web site: http://www.path1.com/

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