Multiband Expects Strong Third Quarter EBITDA of $15 to $17 Million

Multiband Corporation MBND today announced that it expects third quarter 2010 EBITDA for the period ended September 30, 2010, will exceed previously announced guidance. The Company also anticipates reporting slightly stronger than expected revenue results driven by increased leverage in its business model. Multiband expects to report overall financial results for the fiscal quarter ended September 30, 2010 and hold a conference call to discuss the third quarter on November 11, 2010. James L. Mandel, CEO of Multiband, commented, “We are executing ahead of plan and successfully leveraging our infrastructure to generate significant year over year EBITDA growth. As expected, the operating efficiencies in our expanded platform, which includes superior performance metrics as well as the potential for diversified installation and ancillary services, are driving improved efficiencies within our business model and delivering tangible positive operating results. Coupled with a slightly stronger top line, we now expect our EBITDA results to exceed the guidance we have previously given on an annualized basis. Accordingly, we are raising our 2010 EBITDA Guidance from $15 to 17 Million to a new range of $18 million to $20 million. We are slightly raising our Revenue Guidance from approximately $ $250-$255 Million to a new target of approximately $255-$258 Million. We look forward to reporting finalized financial results for the three and nine months ended September 30, 2010 and discussing operational details in an upcoming press release and conference call on November 11, 2010.”