Multi-Band Revenue and Competitors

Business Multiband Corporation (the Company), is a Minnesota-based corporation formed in September 1975. The Company’s founders were Sherman Bell, Marvin Frieman and Doug Sause. Steven Bell joined the company in 1978 and still serves as Chief Financial Officer and General Counsel. The Company has two operating segments: 1) Home Service Provider (HSP), which primarily installs and maintains video services for residents of single-family homes and 2) Multi-Dwelling Unit (MDU), which sells voice, data and video services to residents of Multiple-Dwelling Units. Both segments encompass a variety of different corporate entities. The Company completed an initial public offering in June 1984. In November 1992, the Company became a non-reporting company under the Securities Exchange Act of 1934. In the fall of 1998, following the deaths of two of the company’s founders, James Mandel was hired as CEO, a position he holds currently. In July 2000, the Company regained its reporting company status. In December 2000, the Company stock began trading on the NASDAQ stock exchange under the symbol VICM.In July 2004, the symbol was changed to MBND, concurrent with the Company’s name change from Vicom, Incorporated to Multiband Corporation., phone services and satellite television.