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."
Shares of Multiband Corporation (Nasdaq:MBND) have taken a tremendous swing upward. The stock is trading at $3.46 as of 3:31 p.m. ET, 26.3% above Wednesday's closing price of $2.74. Volume is at 412,212, 2.9 times the daily average of 140,600.