Multiband Strengthens Board with Election of Two New Directors

MINNEAPOLIS, Aug. 22, 2012 /PRNewswire/ -- Multiband Corporation, (NASDAQ: MBND), a leading Home Service Provider (HSP) for DIRECTV and the nation's largest DIRECTV Master System Operator (MSO) for Multiple Dwelling Units (MDU's), today announced that its Board of Directors has elected Martin H. Singer, Ph.D., and Steve Kezirian to its Board. This brings the total of Multiband's board members to eight, subsequent to the retirement of Jonathan Dodge next month.

Dr. Singer has had extensive experience leading, growing and transforming a variety of technology companies over his career. He serves as CEO and Chairman of the Board of  PCTEL, Inc., (NASDAQ: PCTI), a leader in simplifying wireless and site solutions for private and public networks, a position he has held since 2001. He has been a director of PCTEL since August 1999 and served as its non-executive Chairman of the Board from February 2001 until October 2001. From 1997 until August 2000, he was President and CEO of Safco Technologies, a wireless communications company. He and his management team built the business from $17 million to $42 million in revenue and then sold it to Agilent Technologies for $122 million. He has also held senior management and technical positions at Motorola, Tellabs, AT&T and Bell Labs.

The holder of eight patents in telecommunications, Dr. Singer is also the author of several essays on the telecommunications industry and technology competitiveness and public policy. He has also served on a variety of public policy boards and executive boards of trade and business associations. He was awarded the Martin Sandler Achievement Award by the American Israel Chamber of Commerce in 2007 and the Executive Leadership Award by TechAmerica in 2008. In 2011, Dr. Singer was appointed by Illinois Governor Quinn to serve on the Broadband Deployment Council and was previously appointed and served as a Commissioner on the Illinois' Economic Recovery Commission. He is a member of IEEE, the Economic Club of Chicago, and the Licensing Executives Society. Dr. Singer holds a Bachelor of Arts degree in psychology from the University of Michigan, and a Master of Arts degree and a Ph.D. in experimental psychology from Vanderbilt University.

Mr. Kezirian is currently the Chief Executive Officer of TRG Customer Solutions, a diversified, global provider of outsourced contact center solutions with a focus on complex technology intensive applications. With over 6,000 associates and clients and operations in eight countries, TRG-CS provides services to a diverse range of clients, from small- and medium-sized enterprises to the Fortune 50. Prior to joining TRG-CS, Mr. Kezirian was Chief Operating Officer of Cantor Gaming, a wholly-owned subsidiary of Cantor Fitzgerald, focused on revolutionizing the gaming experience. In his professional career, Mr. Kezirian has served in a variety of senior leadership roles at McKinsey & Co., Morgan Stanley & Co., J.H. Whitney & Co., Tickets.com and Sprint-Nextel Corporation. Mr. Kezirian holds a bachelor's degree in Economics from Harvard University and an MBA from Harvard Business School.

James L. Mandel, CEO of Multiband, commented, "We are honored to welcome Dr. Singer and Mr. Kezirian to our board. Dr. Singer's industry experience and his ability to transform technology companies and unlock shareholder value will be extremely beneficial to Multiband. Mr. Kezirian brings a proven track record of operational excellence and customer focus that is valuable to us as we expand our platforms and leverage our core competencies. We welcome both executives and look forward to utilizing their extensive backgrounds and experience as we move forward with our strategy to diversify our revenue and build an increasingly powerful platform for sustainable growth."

Dr. Singer commented, "Multiband has a dynamic and active board and I am impressed with its growth strategy. I look forward to collaborating with the board and management to maximize the Company's shareholder value."

Mr. Kezirian commented, "I am pleased to join the Multiband board. They have an excellent reputation, and a strong and robust brand in the marketplace. I hope to share key perspectives from my background to help them achieve their growth and profitability goals."

About Multiband Corporation

Multiband Corporation (Nasdaq: MBND) engages with a vast and growing array of technologies including renewable energy, wireless infrastructure, electrical power systems, digital signage, commercial audio/video solutions, hospitality IPTV and VOD systems. Multiband completes nearly 20% of all DIRECTV's installations, maintenance and upgrades for residents of single-family homes. Multiband also supplies broadband cable and satellite internet solutions for homes and businesses across the nation. As the largest nationwide DIRECTV master system operator in the Multiple Dwelling Unit (MDU) market and one of the largest full-service home service providers (HSPs), Multiband is a driven leader in a competitive industry. Additionally, Multiband is a leading provider of software and integrated billing services to MDUs on a single bill, including video, voice, data and other value-added local services, both directly and through strategic partnerships. Multiband focuses on providing world-class customer service and the highest level of performance for all partners and customers, from multinational corporations to individual families. Multiband is headquartered in Minneapolis, Minn., and has offices strategically placed around the continental United States.

Statements about our future expectations are "forward-looking statements" within the meaning of applicable Federal Securities Laws, and are not guarantees of future performance. When used herein, the words "may," "will," "should," "anticipate," "believe," "appear," "intend," "plan," "expect," "estimate," "approximate," and similar expressions are intended to identify such forward-looking statements. These statements involve risks and uncertainties inherent in our business, including those set forth in our most recent Annual Report on Form 10-K for the year ended December 31, 2011, and other filings with the SEC, and are subject to change at any time. Our actual results could differ materially from these forward-looking statements. We undertake no obligation to update publicly any forward-looking statement.

Company Contact

Contact: James Mandel, CEO for Multiband Corporation at (763) 504-3000

Investor Contact

Brett Maas, Hayden IR, (646) 536-7331 or [email protected]
or
Cameron Donahue, Hayden IR (651) 653-1854 or [email protected]

SOURCE Multiband Corporation