NEW YORK – (BUSINESS WIRE) – May 22, 2013 – Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Multiband Corporation (“Multiband” or the “Company”) (NasdaqCM: MBND) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Goodman Networks Inc. in a deal valued at approximately $116 million. Under the terms of the proposed transaction, Multiband’s stockholders will receive $3.25 in cash for each share of Multiband common stock they own, while according to Yahoo! Finance, at least one financial analyst has set a price target of $4.00 for Multiband.

Request more information now by clicking here: www.faruqilaw.com/MBND. There is no cost or obligation to you.

The investigation focuses on whether Multiband’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of Multiband’s shareholders.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.

If you own common stock in Multiband and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/MBND or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

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