V BAND CHAIRMAN PLANS TO BUY OUT THE COMPANY

V Band Corp, Yonkers, New York reports that its chairman, Thomas Feil, who has a 23% stake in the communications systems and equipment manufacturer, has filed with the Securities & Exchange Commission to say that he has retained investment banker Bear Stearns to advise him on a plan to buy out the company or to seek a strategic or other third party investor or investors to join him in exploring the possibility of making a proposal to buy the rest of the shares.

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