Exhibit 1
AGREEMENT OF JOINT FILING
Pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934,
as amended, the undersigned hereby consent to the joint filing on their behalf
of a single Schedule 13G and any amendments thereto, with respect to the
beneficial ownership by each of the undersigned of shares of common stock,
having no par value, of Private Business, Inc., a Tennessee corporation. The
undersigned hereby further agree that this statement may be executed in any
number of counterparts, each of which when so executed shall be deemed to be an
original, but all of which counterparts shall together constitute one and the
same instrument.
Dated: as of April 7, 2005 WYNNEFIELD PARTNERS SMALL CAP VALUE, L.P.
By: Wynnefield Capital Management, LLC,
General Partner
By: /s/ Xxxxxx Xxxx
------------------------------------------
Xxxxxx Xxxx, Co-Managing Member
WYNNEFIELD PARTNERS SMALL CAP VALUE, L.P. I
By: Wynnefield Capital Management, LLC,
General Partner
By: /s/ Xxxxxx Xxxx
------------------------------------------
Xxxxxx Xxxx, Co-Managing Member
WYNNEFIELD SMALL CAP VALUE OFFSHORE FUND, LTD.
By: Wynnefield Capital, Inc.
By: /s/ Xxxxxx Xxxx
------------------------------------------
Xxxxxx Xxxx, President
CHANNEL PARTNERSHIP II, L.P.
By: /s/ Xxxxxx Xxxx
------------------------------------------
Xxxxxx Xxxx, General Partner
/s/ Xxxxxx Xxxx
-----------------------------------------------
Xxxxxx Xxxx, Individually
WYNNEFIELD CAPITAL MANAGEMENT, LLC
By: /s/ Xxxxxx Xxxx
------------------------------------------
Xxxxxx Xxxx, Co-Managing Member
WYNNEFIELD CAPITAL, INC.
By: /s/ Xxxxxx Xxxx
------------------------------------------
Xxxxxx Xxxx, President
