| Business Wire -- Multiband Corporation (NASDAQ:
MBND) a provider of voice, data and video systems and services to business
and government clients, announced today that it has secured new agreements
for the deployment of Telkonet's (AMEX: TKO) broadband PlugPlus(TM) system.
New contracts for access to approximately 400 subscribers have been
signed and services are being initiated shortly. Under a previously
announced distribution agreement, Telkonet will provide, at its expense, the
equipment necessary to service Multiband's base of over 500,000 apartments
and 75,000 owned and serviced subscribers.
Multiband will offer customers a broadband connection over
existing electrical wiring, significantly increasing the revenue per
customer. This activity represents the first of what is expected to be a
very robust rollout process.
Multiband provides voice, data and video systems and services to multiple
dwelling units (MDUs), including apartment buildings and time share resorts
throughout the United States. Telkonet's PlugPlus(TM) system provides
broadband access inside commercial buildings over existing electrical
wiring.
"We believe that our ability to offer broadband service to hundreds of
thousands of customers represents an important new source of revenue for
Multiband," said James L. Mandel, Multiband's CEO.
"We have worked hard to build a large and growing footprint of customers,
and our relationship with Telkonet, which eliminates expensive provisioning,
should allow for quick and efficient deployment. We look forward to
aggressively offering this solution to our customers across the country. The
fact that we have already gained new agreements suggests that our new
program will be well received. We intend on distributing this solution not
only through our nationwide footprint but additionally through our network
of over 750 DirecTV System Operators beginning immediately."
"Multiband's broad and growing customer base provides the ideal opportunity
for Telkonet to showcase its broadband solutions," stated Ron Pickett,
President of Telkonet. "In addition to reaching a large installed base, this
deal will allow us to further penetrate one of our key target markets, the
hospitality industry, through Multiband's existing relationships covering
100,000 hotel rooms."
About Multiband Corporation
Multiband Corporation (NASDAQ: MBND), formerly Vicom, Incorporated, formed
in 1975, provides voice, data and video systems and services to business and
government clients, and to multiple dwelling units (MDUs), including
apartment buildings and time share resorts. The Company's products and
services are sold to clients located throughout the United Sates. The
Company has two operating divisions, Multiband Business Solutions and
Multiband Subscriber Services, which encompasses the wholly owned subsidiary
corporations Multiband USA, Inc. and URON, Inc.
In July 2004, the Company acquired Rainbow Satellite LLC, a private cable
operator. Rainbow, with locations throughout the United States, has
subscriber concentrations in California, Colorado, Illinois, Texas, Florida
and New York. In August of 2004, Multiband acquired assets from 21st Century
Satellite LLC, adding 23 upscale RV and Mobile Home Parks to its portfolio
and raising it's owned and serviced subscriber base to over 70,000.
Multiband has offices in Fargo, Minneapolis, Rochester, Los Angeles, San
Francisco, Denver, Chicago and Tampa with satellite facilities through
subcontractors in St. Louis, Dallas and New York. For additional
information, please go to www.multibandusa.com.
About Telkonet
Telkonet's products provide connectivity over existing electrical wiring and
do not require the costly installation of additional wiring or major
disruption of business activity. In many situations, the Telkonet system can
be implemented more quickly and less expensively than adding dedicated
wiring or installing a wireless system. The Telkonet PlugPlus(TM) family of
networking and internetworking products offers a viable and cost-effective
alternative to the challenges of hardwiring and wireless local area networks
(LANs). Telkonet PlugPlus products are designed for use in commercial and
residential applications, including multi-dwelling units and the hospitality
and government markets. For more information, please visit www.telkonet.com.
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