UNITED STATES
SECURITES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest reported): September 30, 2005
Multiband Corporation
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(Exact name of registrant as specified in its chapter)
Minnesota 13529 41-1255001
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
9449 Science Center Drive
New Hope, Minnesota 55428
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 763-504-3000
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(Former name or former address, if changed since last report)
Item 1.01 Entry into a Material Definitive Agreement
Effective 9-30-05, Multiband Corporation (the Company) sold certain video
subscriber assets located in Ohio and Texas to Satellite Broadcasting
Corporation (SBC). The Company sold 152 video subscribers for $167,000; $91,500
cash at closing and the balance in a three year note.
Effective the same date, the Company also purchased from a limited liability
corporation group led by private cable operator Gary Carlson four rights of
entry and related Subscribers (approximately 550) for four Minnesota based
properties for a total purchase price of $410,000, paid as follows; $200,000.
Cash at closing; $105,000 in Company common stock valued at $1.50 per share; and
the balance in a three year note.
Signatures
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this Form 8-K report to be signed on its behalf by
the undersigned hereunto duly authorized.
Date: October 6, 2005 Multiband Corporation
By James L. Mandel
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James L. Mandel
Chief Executive Officer