Multiband Retains Hayden IR to Develop Comprehensive IR
MINNEAPOLIS--(BUSINESS WIRE)--May 19, 2010--
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 it has retained
Hayden IR, a national, New York-based investor relations consulting firm, to
develop an investor relations program to raise its visibility and strengthen
its relationships with the investment community.
James L. Mandel, CEO of Multiband, commented, "Multiband Corporation is a
much different Company than it was 18 months ago when we acquired,
integrated and repositioned the 2009 DirecTECH Holding Company HSP operating
assets into Multiband. We made a significant investment in the first half of
2009 to support this acquisition and we seeing the tangible positive
operating results from this transaction. We have created a platform that
will enable the company to leverage our installation services to include
other opportunities outside of the DIRECTV single family home provisioning
and we have already seen progress on this initiative. We recently announced
first quarter 2010 financial results, which included expanding gross
margins, profitability and a strengthened balance sheet. As a result of our
strategic repositioning and improved financial results, we have retained
Hayden IR to help us build shareholder value by developing a comprehensive
program that would communicate our new strategy, direction and business
model to the investment community."
With offices in New York, Phoenix, Minneapolis and San Diego, Hayden IR
provides a comprehensive range of investor relations services to a growing
list of clients. For more than a decade, Hayden IR has been a recognized
leader in driving market recognition and creating sustainable competitive
advantages for more than 100 micro- and small-cap companies. Hayden delivers
expertise and professionalism in such areas as investor management,
relationship building, awareness campaigns, online presence and corporate
identity.
Cameron Donahue, Partner at Hayden IR, commented, "Multiband is successfully
leveraging its infrastructure and operating efficiencies to generate
significant EBITDA growth in 2010 and now has the platform to layer on
additional installation contracts utilizing their current workforce capacity
which will demonstrate further leverage in the model. They are diversifying
both installation and ancillary services which include enhanced call and
support center services, security, and wireless high speed internet billing
platform. We look forward to helping Multiband to raise its visibility and
communicate its competitive strengths and market potential to the investment
community."
About Multiband Corporation:
Multiband is 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), handling around 20% of all DIRECTV's
installations, maintenance and upgrades for residents of single-family
homes. Multiband is a full-service provider for a number of other partners
within the footprint as well, offering solutions for watch, talk, surf and
security, and is equipped with a retail store and an online store to strive
to be a customer's "one source solution" for all electronic needs.
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 is headquartered in Minneapolis, MN, 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, 2009,
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.
CONTACT: Multiband Corporation
James Mandel, CEO, 763-504-3000
or
Investor
Contact
Cameron Donahue, 651-653-1854
Hayden IR
cameron@haydenir.com
SOURCE: Multiband Corporation
Copyright Business Wire 2010
