<PAGE>




                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                                   -----------

                                    FORM 10-Q

    (MARK ONE)     QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
       |X|         SECURITIES AND EXCHANGE ACT OF 1934
                          FOR THE PERIOD ENDING MARCH 31, 2003
                                       OR
       |_|         TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                   SECURITIES AND EXCHANGE ACT OF 1934
                   FOR THE TRANSITION PERIOD FROM  _____  TO _____

                         COMMISSION FILE NUMBER 0 - 1325

                                   -----------

                               VICOM, INCORPORATED

             (Exact name of registrant as specified in its charter)

                                    MINNESOTA

         (State or other jurisdiction of incorporation or organization)

                                  41 - 1255001

                        (IRS Employer Identification No.)

              9449 SCIENCE CENTER DRIVE, NEW HOPE, MINNESOTA 55428

                    (Address of principal executive offices)

                   TELEPHONE (763) 504-3000 FAX (763) 504-3060

                        www.vicominc.net      Internet

     (Registrant's telephone number, facsimile number, and Internet address)

         Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the  Securities  and Exchange Act
of 1934  during the  preceding  12 months (or for such  shorter  period that the
registrant was required to file such reports),  and (2) has been subject to such
filing requirements for the past 90 days.

                                 Yes |X|     No |_|

         Indicate by check mark whether the registrant is an  accelerated  filer
(as defined in rule 12b-2 of the Exchange Act).

                                 Yes |_|     No |X|

         On  May  7,  2003  there  were  15,054,503  shares  outstanding  of the
registrant's  common stock,  par value $.01 per share,  and 246,181  outstanding
shares of the registrant's convertible preferred stock.


<PAGE>

PART  I.  FINANCIAL  INFORMATION

ITEM  1.  CONSOLIDATED  FINANCIAL  STATEMENTS

                      VICOM, INCORPORATED AND SUBSIDIARIES
                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
<TABLE>
<CAPTION>

                                                   Three Months Ended
                                              ----------------------------
                                                March 31,     March 31,
                                              ------------  --------------
                                                 2003          2002
                                                 ----          ----
                                              (unaudited)    (unaudited)
                                              ------------  --------------
<S>                                                <C>           <C>

REVENUES . . . . . . . . . . . . . . . . . .  $ 5,871,762   $   6,262,188
--------------------------------------------  ------------  --------------
COSTS AND EXPENSES
--------------------------------------------
     Cost of products and services . . . . .    4,310,702       4,789,214
--------------------------------------------  ------------  --------------
     Selling, general and administrative . .    2,235,996       2,236,736
--------------------------------------------  ------------  --------------
     Total Costs and Expenses. . . . . . . .    6,546,698       7,025,950
--------------------------------------------  ------------  --------------

LOSS FROM OPERATIONS         . . . . . . . .     (674,936)       (763,762)
--------------------------------------------  ------------  --------------
OTHER EXPENSE
--------------------------------------------
     Interest expense. . . . . . . . . . . .     (225,687)       (365,835)
--------------------------------------------  ------------  --------------
     Other Income (expense). . . . . . . . .      (65,496)         19,676
--------------------------------------------  ------------  --------------
     Total Other Expense . . . . . . . . . .     (291,183)       (346,159)
--------------------------------------------  ------------  --------------

LOSS BEFORE INCOME TAXES . . . . . . . . . .     (966,119)     (1,109,921)
--------------------------------------------  ------------  --------------

PROVISION FOR INCOME TAXES       . . . . . .            0               0
--------------------------------------------  ------------  --------------

NET LOSS . . . . . . . . . . . . . . . . . .     (966,119)     (1,109,921)
--------------------------------------------  ------------  --------------
Preferred Stock Dividends. . . . . . . . . .       56,471          51,726
--------------------------------------------  ------------  --------------
LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS . .   (1,022,590)     (1,161,647)
--------------------------------------------  ============  ==============

LOSS PER SHARE - BASIC AND DILUTED  .. . . .  $      (.08)  $        (.11)
--------------------------------------------  ------------  --------------

WEIGHTED AVERAGE SHARES OUTSTANDING - BASIC
 AND DILUTED . . . . . . . . . . . . . . . .   13,418,333      10,639,224
--------------------------------------------  ------------  --------------
</TABLE>

            See notes to condensed consolidated financial statements

                                        2
<PAGE>
                      VICOM, INCORPORATED AND SUBSIDIARIES
                      CONDENSED CONSOLIDATED BALANCE SHEETS
                      MARCH 31, 2003 AND DECEMBER 31, 2002

<TABLE>
<CAPTION>
                                                                           March 31, 2003    December 31, 2002
                                                                          ----------------  -------------------
                                                                            (unaudited)          (audited)
                                                                          ----------------  -------------------
                                ASSETS
<S>                                                                            <C>               <C>

CURRENT ASSETS
------------------------------------------------------------------------
 Cash and cash equivalents. . . . . . . . . . . . . . . . . . . . . . .   $       413,571   $          540,375
------------------------------------------------------------------------  ----------------  -------------------
 Accounts receivable, net . . . . . . . . . . . . . . . . . . . . . . .         2,013,530            1,948,004
------------------------------------------------------------------------  ----------------  -------------------
 Inventories, net . . . . . . . . . . . . . . . . . . . . . . . . . . .         1,493,759            1,463,658
------------------------------------------------------------------------  ----------------  -------------------
 Other Current Assets . . . . . . . . . . . . . . . . . . . . . . . . .           438,984              226,774
------------------------------------------------------------------------  ----------------  -------------------

   TOTAL CURRENT ASSETS . . . . . . . . . . . . . . . . . . . . . . . .         4,359,844            4,178,811
------------------------------------------------------------------------  ----------------  -------------------

PROPERTY AND EQUIPMENT, NET. . . . . . . . . . . . . . . . . . . . . . .        3,137,824            3,248,973
------------------------------------------------------------------------  ----------------  -------------------

OTHER ASSETS
------------------------------------------------------------------------
 Goodwill . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .         2,748,879            2,748,879
------------------------------------------------------------------------  ----------------  -------------------
 Other. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .           165,865              170,653
------------------------------------------------------------------------  ----------------  -------------------

       TOTAL OTHER ASSETS                . . . . . . . . . . . . . . . .        2,914,744            2,919,532
------------------------------------------------------------------------  ----------------  -------------------

TOTAL ASSETS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  $    10,412,412   $       10,347,316
------------------------------------------------------------------------  ================  ===================

                   LIABILITIES AND STOCKHOLDERS' EQUITY
------------------------------------------------------------------------
CURRENT LIABILITIES
------------------------------------------------------------------------
 Wholesale line of credit . . . . . . . . . . . . . . . . . . . . . . .   $     1,478,293   $        1,290,383
------------------------------------------------------------------------  ----------------  -------------------
 Current portion of long term debt. . . . . . . . . . . . . . . . . . .           290,158              321,589
------------------------------------------------------------------------  ----------------  -------------------
 Current portion of capital lease obligations . . . . . . . . . . . . .            51,343               59,570
------------------------------------------------------------------------  ----------------  -------------------
 Accounts payable . . . . . . . . . . . . . . . . . . . . . . . . . . .         1,282,656            1,735,931
------------------------------------------------------------------------  ----------------  -------------------
 Accrued liabilities. . . . . . . . . . . . . . . . . . . . . . . . . .           840,764              714,479
------------------------------------------------------------------------  ----------------  -------------------
 Deferred service obligations and revenue . . . . . . . . . . . . . . .           335,758              309,729
------------------------------------------------------------------------  ----------------  -------------------

                   TOTAL CURRENT LIABILITIES                                    4,278,972            4,431,681
------------------------------------------------------------------------  ----------------  -------------------

LONG TERM DEBT, NET. . . . . . . . . . . . . . . . . . . . . . . . . . .        2,863,844            3,114,006
------------------------------------------------------------------------  ----------------  -------------------

CAPITAL LEASE OBLIGATIONS, NET OF CURRENT PORTION. . . . . . . . . . . .          151,099              159,344
------------------------------------------------------------------------  ----------------  -------------------
TOTAL LIABILITIES. . . . . . . . . . . . . . . . . . . . . . . . . . . .        7,293,915            7,705,031
------------------------------------------------------------------------  ----------------  -------------------
STOCKHOLDERS' EQUITY
------------------------------------------------------------------------
Cumulative convertible preferred stock, no par value:
------------------------------------------------------------------------
   8% Class A (27,831 shares issued and outstanding) . . . . . . . . . .          418,252              418,252
------------------------------------------------------------------------  ----------------  -------------------
  10% Class B (6,200 shares issued and outstanding). . . . . . . . . . .           62,000               62,000
------------------------------------------------------------------------  ----------------  -------------------
  10% Class C (134,500 and 131,510 shares issued and outstanding). . . .        1,720,493            1,699,407
------------------------------------------------------------------------  ----------------  -------------------
  15% Class E (77,650 and 70,000 shares issued and outstanding). . . . .          438,964              395,778
------------------------------------------------------------------------  ----------------  -------------------
  Common stock, no par value (14,413,962 and 13,110,477 shares issued;
  14,380,293 and 13,065,410 shares outstanding). . . . . . . . . . . . .        5,247,828            4,465,832
------------------------------------------------------------------------  ----------------  -------------------
  Stock subscriptions receivable . . . . . . . . . . . . . . . . . . . .         (670,239)            (633,195)
------------------------------------------------------------------------  ----------------  -------------------
  Options and warrants . . . . . . . . . . . . . . . . . . . . . . . . .       27,195,980           26,632,299
------------------------------------------------------------------------  ----------------  -------------------
  Unamortized compensation . . . . . . . . . . . . . . . . . . . . . . .         (556,192)            (682,089)
------------------------------------------------------------------------  ----------------  -------------------
  Accumulated deficit. . . . . . . . . . . . . . . . . . . . . . . . . .      (30,738,589)         (29,715,999)
------------------------------------------------------------------------   ---------------  -------------------

TOTAL STOCKHOLDERS' EQUITY             . . . . . . . . . . . . . . . . .        3,118,497            2,642,285
------------------------------------------------------------------------  ----------------  -------------------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY . . . . . . . . . . . . . . .  $    10,412,412   $       10,347,316
------------------------------------------------------------------------  ================  ===================

</TABLE>


            See notes to condensed consolidated financial statements

                                        3
<PAGE>

                      VICOM, INCORPORATED AND SUBSIDIARIES
                 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
      FOR THREE MONTHS ENDED MARCH 31, 2003 AND MARCH 31, 2002 (Unaudited)
<TABLE>
<CAPTION>
                                                                                 THREE MONTHS ENDED
                                                                               -----------------------
                                                                                      MARCH 31,
                                                                                      ---------
                                                                                  2003         2002
                                                                               ----------  ------------
<S>                                                                                <C>         <C>

OPERATING ACTIVITIES
-----------------------------------------------------------------------------
Net loss. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    $(966,119)  $(1,109,921)
-----------------------------------------------------------------------------  ----------  ------------
Adjustments to reconcile net loss to net cash flows from operating activities
-----------------------------------------------------------------------------
 Depreciation and amortization . . . . . . . . . . . . . . . . . . . . . . .     214,132       258,300
-----------------------------------------------------------------------------  ----------  ------------
 Amortization of deferred compensation . . . . . . . . . . . . . . . . . . .     120,190       130,428
-----------------------------------------------------------------------------  ----------  ------------
 Amortization of original issue discount . . . . . . . . . . . . . . . . . .     114,616       210,983
-----------------------------------------------------------------------------  ----------  ------------
 Common stock issued for services. . . . . . . . . . . . . . . . . . . . . .           0         7,500
-----------------------------------------------------------------------------  ----------  ------------
 Warrants issued for services  . . . . . . . . . . . . . . . . . . . . . . .     321,920             0
-----------------------------------------------------------------------------  ----------  ------------
 Loss on sales of property and equipment . . . . . . . . . . . . . . . . . .      74,137        (6,726)
-----------------------------------------------------------------------------  ----------  ------------
 Interest receivable on stock subscription receivable. . . . . . . . . . . .     (10,826)            0
-----------------------------------------------------------------------------  ----------  ------------
 Discount on preferred stock related to warrants . . . . . . . . . . . . . .           0        (5,001)
-----------------------------------------------------------------------------  ----------  ------------
 Changes in operating assets and liabilities:
-----------------------------------------------------------------------------
  Accounts receivable, net. . . . . . . . . . . . . . . . . . . . . . . . . .     (65,526)      578,036
-----------------------------------------------------------------------------  ----------  ------------
  Inventories, net. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .     (29,704)       18,088
-----------------------------------------------------------------------------  ----------  ------------
  Other current assets. . . . . . . . . . . . . . . . . . . . . . . . . . . .    (225,568)       53,329
-----------------------------------------------------------------------------  ----------  ------------
  Other assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .         600        12,838
-----------------------------------------------------------------------------  ----------  ------------
  Wholesale line of credit                              . . . . . . . . . . .     187,910       (74,255)
-----------------------------------------------------------------------------  ----------  ------------
  Accounts payable and accrued liabilities. . . . . . . . . . . . . . . . . .    (234,476)      (80,223)
-----------------------------------------------------------------------------  ----------  ------------
  Deferred service obligations and revenue. . . . . . . . . . . . . . . . . .      26,029       (47,864)
-----------------------------------------------------------------------------  ----------  ------------
     Net cash flows from operating activities. . . . . . . . . . . . . . . .     (472,685)      (54,488)
-----------------------------------------------------------------------------  ----------  ------------

INVESTING ACTIVITIES
-----------------------------------------------------------------------------
 Purchases of property and equipment . . . . . . . . . . . . . . . . . . . .     (92,285)     (105,533)
-----------------------------------------------------------------------------  ----------  ------------
 Proceeds from sale of property and equipment. . . . . . . . . . . . . . . .           0         7,554
-----------------------------------------------------------------------------  ----------  ------------
 Collections on notes receivable . . . . . . . . . . . . . . . . . . . . . .       5,000             0
-----------------------------------------------------------------------------  ----------  ------------
     Net cash flows from investing activities. . . . . . . . . . . . . . . .     (87,285)      (97,979)
-----------------------------------------------------------------------------  ----------  ------------
FINANCING ACTIVITIES
-----------------------------------------------------------------------------
 Proceeds from long-term debt and warrants issued with long term debt. . . .           0       600,000
-----------------------------------------------------------------------------  ----------  ------------
 Payments on long term debt. . . . . . . . . . . . . . . . . . . . . . . . .     (53,260)       (1,547)
-----------------------------------------------------------------------------  ----------  ------------
 Payments on capital lease obligations                          .. . . . . .     (20,474)      (87,636)
-----------------------------------------------------------------------------  ----------  ------------
 Proceeds from issuance of stock and warrants. . . . . . . . . . . . . . . .     481,391        55,000
-----------------------------------------------------------------------------  ----------  ------------
 Exercise of warrants. . . . . . . . . . . . . . . . . . . . . . . . . . . .      78,130             0
-----------------------------------------------------------------------------  ----------  ------------
 Redemption of preferred stock . . . . . . . . . . . . . . . . . . . . . . .      (2,100)      (10,000)
-----------------------------------------------------------------------------  ----------  ------------
 Preferred stock dividends . . . . . . . . . . . . . . . . . . . . . . . . .     (50,521)      (51,726)
-----------------------------------------------------------------------------  ----------  ------------
     Net cash flows from financing activities. . . . . . . . . . . . . . . .     433,166       504,091
-----------------------------------------------------------------------------  ----------  ------------
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS. . . . . . . . . . . . . . .   (126,804)      351,624
-----------------------------------------------------------------------------  ----------  ------------
CASH AND CASH EQUIVALENTS
-----------------------------------------------------------------------------
 Beginning of period . . . . . . . . . . . . . . . . . . . . . . . . . . . .     540,375       624,845
-----------------------------------------------------------------------------  ----------  ------------
 End of period . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   $ 413,571   $   976,469
-----------------------------------------------------------------------------  ==========  ============

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
-----------------------------------------------------------------------------
 Cash paid for interest, net of amortization of original issue discount. . .   $ 119,489   $   171,567
-----------------------------------------------------------------------------  ----------  ------------
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES
-----------------------------------------------------------------------------
 Stock options issued below fair market value                        . . . .           0           400
-----------------------------------------------------------------------------  ----------  ------------
 Issuance of preferred stock for acquisition of assets . . . . . . . . . . .      76,500        18,590
-----------------------------------------------------------------------------  ----------  ------------
 Warrants issued with debt . . . . . . . . . . . . . . . . . . . . . . . . .     208,447         8,529
-----------------------------------------------------------------------------  ----------  ------------
 Conversion of preferred stock into common stock . . . . . . . . . . . . . .      40,000             0
-----------------------------------------------------------------------------  ----------  ------------
 Current liabilities converted to stock. . . . . . . . . . . . . . . . . . .      92,514             0
-----------------------------------------------------------------------------  ----------  ------------
 Conversion of notes payable into common stock . . . . . . . . . . . . . . .     130,500             0
-----------------------------------------------------------------------------  ----------  ------------
 Conversion of dividend into common stock. . . . . . . . . . . . . . . . . .       5,950             0
-----------------------------------------------------------------------------  ----------  ------------
 Reduction of stock subscription receivable  . . . . . . . . . . . . . . . .       8,782             0
-----------------------------------------------------------------------------  ----------  ------------
 Stock subscription receivable for issuance of common stock. . . . . . . . .      40,000             0
-----------------------------------------------------------------------------  ----------  ------------
</TABLE>



     See  notes  to  condensed  consolidated  financial  statements

                                        4
<PAGE>


                      VICOM, INCORPORATED AND SUBSIDIARIES
        NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)
                             MARCH 31, 2003 and 2002

NOTE 1 - UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

The  information  furnished  in  this  report  is  unaudited  and  reflects  all
adjustments which are normal recurring  adjustments and, which in the opinion of
management,  are  necessary  to fairly  present  the  operating  results for the
interim periods. The operating results for the interim periods presented are not
necessarily  indicative  of the  operating  results to be expected  for the full
fiscal year.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Revenues and Cost Recognition
Vicom, Inc. and subsidiaries (the Company) earns revenues from four sources:  1)
Video and computer  technology  products  which are sold but not  installed,  2)
Voice,  video and data communication  products which are sold and installed,  3)
Service  revenues  related  to  communication  products  which are sold and both
installed and not installed,  and 4) MultiBand user charges to multiple dwelling
units.

Revenues  from video and computer  technology  products,  which are sold but not
installed, are recognized when delivered and the customer has accepted the terms
and has the ability to fulfill the terms.

Customer  contracts  for both the  purchase and  installation  of voice and data
networking  technology  products and certain video technologies  products on one
sales   agreement,   as   installation  of  the  product  is  essential  to  the
functionality  of the product.  Revenues and costs on the sale of products where
installation  is involved are  recognized  under the  percentage  of  completion
method. Costs are expensed as incurred.  The amount of revenue recognized is the
portion that the cost expended to date bears to the  anticipated  total contract
cost, based on current  estimates to complete.  Contract costs include all labor
and  materials  unique to or installed in the  project,  as well as  subcontract
costs.  Costs and  estimated  earnings in excess of billings are  classified  as
current  assets;  billings  in  excess  of  costs  and  estimated  earnings  are
classified as current liabilities.

Service revenues related to technology products including  consulting,  training
and support are recognized when the services are provided.  The Company,  if the
customer elects, enters into equipment maintenance  agreements for products sold
once  the  original  manufacturer's  warranty  has  expired.  Revenues  from all
equipment  maintenance  agreements are recognized on a straight-line  basis over
the terms of each contract. Costs for services are expensed as incurred.

MultiBand  user  charges  are  recognized  as revenues in the period the related
services are provided.

Warranty costs incurred on new product sales are substantially reimbursed by the
equipment suppliers.

Goodwill
Goodwill  represents  the  excess of  acquisition  costs  over the fair value of
identifiable  net assets  acquired  and was  amortized  using the  straight-line
method over ten years.  The carrying  value of goodwill is reviewed if the facts
and circumstances  suggest that it may be impaired. If the review indicates that
goodwill will not be recoverable,  as determined based on the undiscounted  cash
flows  of the  assets  acquired  over the  remaining  amortization  period,  the
Company's  carrying  value of goodwill is reduced by the estimated  shortfall of
cash  flows.  The  Company  did not record  any  impairment  charges  related to
goodwill during the three months ended March 31, 2003 and 2002.


                                       5
<PAGE>


                      VICOM, INCORPORATED AND SUBSIDIARIES
        NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)
                             MARCH 31, 2003 and 2002

Stock-Based Compensation

In accordance with Accounting  Principles Board (APB) Opinion No. 25 and related
interpretations, the Company uses the intrinsic value-based method for measuring
stock-based compensation cost which measures compensation cost as the excess, if
any, of the quoted market price of the Company's  common stock at the grant date
over the  amount the  employee  must pay for the stock.  The  Company's  general
policy is to grant stock options at fair value at the date of grant.

Pursuant to APB No. 25 and related  interpretations,  $120,190  and  $130,428 of
compensation  cost  has  been  recognized  in  the  accompanying  consolidated
statements  of  operations  for  the three months ended March 31, 2003 and 2002,
respectively.  Had compensation cost been recognized based on the fair values of
options  at  the  grant  dates  consistent  with the provisions of Statements of
Financial  Accounting  Standards  (SFAS)  No.  123  "Accounting  for  Stock-Base
Compensation",  the  Company's  net  loss  and  loss  attributable  to  common
stockholders  and  basic  and  diluted  loss  per  common  share would have been
increased  to  the  additional  pro  forma  amounts:
<TABLE>
<CAPTION>

                                                                   Three Months Ended
                                                                        March 31
                                                                       ----------
                                                                2003                2002
                                                          ----------------    ----------------
<S>                                                         <C>                 <C>

Loss attributable to common stockholders                  $    (1,022,590)    $    (1,161,647)
Pro forma loss attributable to common shares              $    (1,433,587)        $(1,209,853)

Basic and diluted net loss per share:
   As reported                                            $         (0.08)    $         (0.11)
   Pro forma loss attributable to common shares           $         (0.11)    $         (0.11)

Stock-based compensation:
   As reported                                            $        120,190    $        130,428
   Proforma                                               $        410,997    $         48,206

</TABLE>

In  determining  the  compensation  cost of the options granted during the three
months  ended  March  31,  2003 and 2002, as specified by SFAS No. 123, the fair
value  of  each  option  grant has been estimated on the date of grant using the
Black-Scholes  option pricing model and the weighted average assumptions used in
these  calculations  are  summarized  as  follows  for  March  31:

                                                         2003            2002
                                            ----------------- ---------------
Risk-free interest rate                                 3.00%          4.40%
Expected life of options granted                     10 years       10 years
Expected volatility range                                170%           170%
Expected dividend yield                                    0%             0%

Net Loss per Share
Basic net loss per common share is computed by dividing the loss attributable to
common  stockholders by the weighted average number of common shares outstanding
for the  reporting  period.  Diluted  net loss per common  share is  computed by
dividing loss  attributable  to common  stockholders  by the sum of the weighted
average  number  of  common  shares outstanding plus all additional common stock
that  would  have been outstanding if potentially dilutive common shares related
to  common  share  equivalents  (stock  options,  stock  warrants,  convertible
preferred  shares,  and  issued  but  not outstanding restricted stock) had been
issued.  All options, warrants, convertible preferred shares, and issued but not
outstanding  restricted  stock  during the three months ended March 31, 2003 and
2002  were  anti-dilutive.

                                       6
<PAGE>

                      VICOM, INCORPORATED AND SUBSIDIARIES
        NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)
                             MARCH 31, 2003 and 2002

NOTE 3 - LIQUIDITY

The accompanying  consolidated  financial statements have been prepared assuming
the Company will continue as a going concern that  contemplates  the realization
of assets and satisfaction of liabilities in the normal course of business.  For
the three months ended March 31, 2003 and 2002, the Company  incurred net losses
of $966,119 and $1,109,921,  respectively. At March 31, 2003, the Company had an
accumulated deficit of $30,738,589. The Company's ability to continue as a going
concern is dependent on it ultimately  achieving  profitability  and/or  raising
additional  capital.  Management  intends  to obtain  additional  debt or equity
capital to meet all of its existing cash  obligations  and fund  commitments  on
planned MultiBand projects,  however, there can be no assurance that the sources
will be available or  available  on terms  favorable to the Company.  Management
anticipates  that  the  impact  of  the  actions  listed  below,  will  generate
sufficient  cash flows to pay current  liabilities,  long-term  debt and capital
lease obligations and fund the Company's future operations:

1.  Continued   reduction  of  operating   expenses  by   controlling   payroll,
professional  fees and other  general and  administrative  expenses.

2.  Solicit  additional  equity  investment  in the  Company  by either  issuing
preferred or common stock.

3. Continue to market MultiBand services and acquire  additional  multi-dwelling
unit customers.

4. Control capital expenditures by contracting  MultiBand services and equipment
through a landlord-owned equipment program.

NOTE 4 - NOTES PAYABLE

During  the  three months ended March 31, 2003, the Company reached an agreement
to convert $962,000 of its note payable with Pyramid Trading Limited Partnership
to  equity.  Terms  of  the  conversion state that the note will be converted to
equity  over a 14 month period at a price generally equivalent to a 10% discount
to  market price. The Company issued an additional 253,000 5-year warrants at an
exercise  price of $1.00 with the note payable extension. These warrants, valued
at  $208,447,  will  be  expensed over the remaining term of the note agreement.

NOTE 5 - STOCK WARRANTS

Stock warrants activity is as follows for the three months ended March 31, 2003:
<TABLE>
<CAPTION>

                                                                                     Weighted Average
                                                              Number of Warrants      Exercise Price
                                                             --------------------------------------------
<S>                                                             <C>                        <C>

Warrants outstanding - December 31, 2002                               4,327,396                    2.05
  Granted                                                              1,081,025                    1.06
  Canceled or expired                                                          0                       0
  Exercised                                                             (76,290)                    1.00
                                                             --------------------------------------------
Warrants outstanding - March 31, 2003                                  5,332,131                    1.87
                                                             ====================  ======================
</TABLE>

The warrants  granted  during the three months ended March 31, 2003 were awarded
for common stock, preferred stock, for services rendered, and in connection with
notes payable.



                                       7
<PAGE>
<TABLE>
<CAPTION>

                      VICOM, INCORPORATED AND SUBSIDIARIES
        NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)
                             MARCH 31, 2003 and 2002



NOTE 6 - BUSINESS SEGMENTS

Following is Company  business  segment  information  for the three months ended
March 31, 2003 and 2002:
<S>                                                          <C>                 <C>                 <C>                   <C>
------------------------------------------- -------------------- -------------------- ------------------- --------------------
                                                   Vicom                 CTU              MultiBand              Total
------------------------------------------- -------------------- -------------------- ------------------- --------------------
Quarter ended March 31, 2003
------------------------------------------- -------------------- -------------------- ------------------- --------------------
         Revenues                            $               0   $         5,636,642  $          235,120  $         5,871,762
------------------------------------------- -------------------- -------------------- ------------------- --------------------
         Loss from operations                         (406,421)             (54,894)           (213,621)            (674,936)
------------------------------------------- -------------------- -------------------- ------------------- --------------------
         Identifiable assets                          3,318,261            5,182,571           1,911,580           10,412,412
------------------------------------------- -------------------- -------------------- ------------------- --------------------
         Depreciation and amortization                   11,725              106,944              95,463              214,132
------------------------------------------- -------------------- -------------------- ------------------- --------------------
         Capital expenditures                                 0               36,645              55,640               92,285
------------------------------------------- -------------------- -------------------- ------------------- --------------------


------------------------------------------- -------------------- -------------------- ------------------- --------------------
Quarter ended March 31, 2002
------------------------------------------- -------------------- -------------------- ------------------- --------------------
         Revenues                           $                 0  $         6,161,581  $          100,607  $         6,262,188
------------------------------------------- -------------------- -------------------- ------------------- --------------------
         Loss from operations                         (424,480)             (87,275)           (252,007)            (763,762)
------------------------------------------- -------------------- -------------------- ------------------- --------------------
         Identifiable assets                          3,231,228            5,374,184           3,161,624           11,767,036
------------------------------------------- -------------------- -------------------- ------------------- --------------------
         Depreciation and amortization                    2,417              119,917             135,966              258,300
------------------------------------------- -------------------- -------------------- ------------------- --------------------
         Capital expenditures                                 0               39,820              65,713              105,533
------------------------------------------- -------------------- -------------------- ------------------- --------------------
</TABLE>

NOTE 7- SUBSEQUENT EVENT

          During  February  2003,  the  Company  incorporated  a new subsidiary,
     Multiband USA, Incorporated (MB USA). This subsidiary was set up as part of
     a 50% owned joint venture agreement with PACE Electronics, Inc. (PACE) with
     the  Company having the right to elect two of the three board of directors.
     As part of the joint venture agreement, the Company, at its sole option and
     discretion,  shall  have  the  right, but not the obligation to convert one
     Vicom  common  share  for  every  ten  shares  of  MB  USA  issued to PACE.

          On  April  25,  2003,  the  Company, through MB USA, purchased certain
     video  equipment  assets  from  Suncoast  Automation, Inc for $450,000. The
     Company  also  purchased  related rights to video subscribers and rights of
     access  agreements.

FORWARD-LOOKING STATEMENTS

         From time to time, the Company may publish  forward-looking  statements
relating  to  such  matters  as  anticipated  financial  performance,   business
prospects,  product pricing, management for growth, integration of acquisitions,
technological  developments,  new  products,  and similar  matters.  The Private
Securities   Litigation   Reform  Act  of  1995   provides  a  safe  harbor  for
forward-looking  statements including those made in this statement.  In order to
comply  with the terms of the Private  Securities  Litigation  Reform  Act,  the
Company notes that a variety of factors could cause the Company's actual results
and experience to differ  materially from the  anticipated  results or Company's
forward-looking statements.

         The  risks  and   uncertainties   that  may  affect   the   operations,
performance,  developments  and results of the  Company's  business  include the
following:  national  and  regional  economic  conditions;  pending  and  future
legislation affecting IT and telecommunications industries; market acceptance of
the Company's products and services;  the Company's  products and services;  the
Company's  continued ability to provide integrated  communication  solutions for
customers in a dynamic industry; and other competitive factors.

         Because these and other  factors  could affect the Company's  operating
results,  past financial  performance  should not necessarily be considered as a
reliable indicator of future performance and anticipated future period results.
                                       8
<PAGE>

                                     ITEM 2.
                     MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATION


GENERAL

         Vicom,  Incorporated  (Vicom)  is a  Minnesota  corporation  formed  in
September   1975.   Vicom  is  the  parent   corporation  of  two   wholly-owned
subsidiaries,  Corporate  Technologies,  USA, Inc.  (CTU),  and MultiBand,  Inc.
(MultiBand) and one partially-owned subsidiary, Multiband USA, Inc.

         Vicom  completed an initial  public  offering in June 1984. In November
1992, Vicom became a non-reporting  company under the Securities Exchange Act of
1934. In July 2000,  Vicom regained its reporting  company status.  In December,
2000,  Vicom stock began trading on the NASDAQ stock  exchange  under the symbol
VICM.

         Vicom's website is located at: www.vicominc.net.
                                        ----------------

         Vicom  recently  expanded  its efforts to establish  itself  within the
rapidly evolving telecommunications and computer industries.  Effective December
31, 1998,  Vicom acquired the assets of the Midwest region of Enstar  Networking
Corporation (ENC), a data cabling and networking  company.  In late 1999, in the
context of a forward triangular  merger,  Vicom, to expand its range of computer
products  and  related  services,  purchased  the  stock of  Ekman,  Inc.  d/b/a
Corporate  Technologies,  and merged Ekman, Inc. into the newly formed surviving
corporation,  Corporate Technologies,  USA, Inc. (CTU). CTU provides voice, data
and video systems and services to business and government.  MultiBand,  Inc. was
incorporated in February 2000.  MultiBand,  Inc provides  voice,  data and video
services to multiple  dwelling units (MDU's).  Multiband USA, Inc. was formed in
February,  2003 in partnership with Pace Electronics,  a video  wholesaler,  and
provides the same services as Multiband, Inc.

         As of March 31, 2003, CTU was providing telephone equipment and service
to approximately 800 customers, with approximately 10,000 telephones in service.
In addition,  CTU provides computer products and services to approximately 2,100
customers.  MultiBand,  as of March 31, 2003, had approximately 1,300 customers.
Telecommunications  systems  distributed  by Vicom are intended to provide users
with flexible, cost-effective alternatives as compared to systems available from
major telephone  companies,  including those formerly comprising the Bell System
and from other interconnect telephone companies.

         CTU provides a full range voice, data and video communications  systems
and service,  system integration,  training and related  communication sales and
support  activities for commercial,  professional and  institutional  customers,
most of which are located in Minnesota and North Dakota.  CTU purchases products
and  equipment  from  NEC  America,  Inc.  (NEC),  Siemens  Enterprise  Networks
(Siemens),  Cisco Systems, Inc. (Cisco), Nortel Networks Corp. (Nortel), Tadiran
Telecommunications,  Inc.  (Tadiran),  and other manufacturers of communications
and  electronic  products  and  equipment.  CTU uses  these  products  to design
telecommunications systems to fit its customers' specific needs and demands.


                                       9

<PAGE>


SELECTED CONSOLIDATED FINANCIAL DATA
<TABLE>
<CAPTION>

--------------------------------------------------- -----------------------------------------------------
                                                         DOLLAR AMOUNTS AS A PERCENTAGE OF
                                                                          REVENUES
--------------------------------------------------- -----------------------------------------------------
                                                                     THREE MONTHS ENDED
--------------------------------------------------- -----------------------------------------------------

                                                          March 31, 2003             March 31, 2002
                                                           (unaudited)                (unaudited)
--------------------------------------------------- --------------------------- -------------------------
<S>                                                            <C>                         <C>

REVENUES                                                       100%                       100%
--------------------------------------------------- --------------------------- -------------------------
COST OF PRODUCTS & SERVICES                                   73.4%                      76.4%
--------------------------------------------------- --------------------------- -------------------------
GROSS MARGIN                                                  26.6%                      23.6%
--------------------------------------------------- --------------------------- -------------------------
SELLING, GENERAL & ADMINISTRATIVE                             38.1%                      35.7%
--------------------------------------------------- --------------------------- -------------------------
OPERATING LOSS                                                -11.5%                     -12.1%
--------------------------------------------------- --------------------------- -------------------------
  INTEREST EXPENSE & OTHER, NET                               -5.0%                      -5.5%
--------------------------------------------------- --------------------------- -------------------------
LOSS BEFORE TAXES                                             -16.5%                     -17.7%
--------------------------------------------------- --------------------------- -------------------------
  INCOME TAX                                                    0                          0
--------------------------------------------------- --------------------------- -------------------------
NET LOSS                                                      -16.5%                     -17.7%
--------------------------------------------------- --------------------------- -------------------------
</TABLE>

The  following  table sets forth,  for the period  indicated,  the gross  margin
percentages for Corporate Technologies USA, Inc. and MultiBand, Inc.

                                                   THREE MONTHS ENDED
                                          MARCH 31, 2003        MARCH 31, 2002
 GROSS MARGIN PERCENTAGES:
   CORPORATE TECHNOLOGIES USA, INC.           25.2%                  22.9%
   MULTIBAND, INC.                             1.4%                   .6%

RESULTS OF OPERATIONS

Revenues

         Revenues  decreased  6.2% to  $5,871,762 in the quarter ended March 31,
2003, as compared to $6,262,188 for the quarter ended March 31, 2002.

         Revenues for (CTU)  decreased  8.5% in the first quarter of fiscal 2003
to  $5,636,642  as compared to  $6,161,581  in the first quarter of fiscal 2002.
This decrease in CTU's revenues resulted primarily from CTU's desire to increase
gross margins versus maintaining top line revenues.

         Revenues for MultiBand,  Inc.  increased 133.7% to $235,120 as compared
to  $100,607  in the first  quarter  of fiscal  2002.  This  increase  is due to
expansion of MultiBand services to five additional properties.

Gross Margin

         The Company's  gross margin  increased 6% or $88,086 to $1,561,060  for
the quarter  ended March 31,  2003,  as compared to  $1,472,974  for the similar
quarter last year.  For the quarter  ended March 31, 2003, as a percent of total
revenues,  gross  margin was 26.6% as compared  to 23.6% for the similar  period
last year.  This  increase in gross margin  percentage  is  primarily  due to an


                                       10
<PAGE>

increase in service sales and recurring  subscriber  revenues  which have better
margins than equipment sales.

         Gross margin for Corporate  Technologies USA, Inc. increased by 2.6% to
$1,479,587  for the quarter  ended March 31, 2003,  as compared to $1,441,399 in
the first quarter of fiscal 2002.  This  increase is due to the above  mentioned
service and subscriber sales.

         Gross margin for  MultiBand,  Inc. for the quarter ended March 31, 2003
increased  116.8% to $81,473  as  compared  to  $37,575 in the first  quarter of
fiscal 2002 reflecting on the increase of revenue being billed.

Selling, General and Administrative Expenses

         Selling,  general and  administrative  expenses  decreased  slightly to
$2,235,996  in the quarter  ended March 31, 2003,  compared to $2,236,736 in the
prior year quarter.  Selling,  general and  administrative  expenses  were, as a
percentage of revenues, 38.1% for the quarter ended March 31, 2003 and 35.7% for
the similar period a year ago.

Interest Expense

         Interest  expense was  $225,687  for the quarter  ended March 31, 2003,
versus $365,835 for the similar period a year ago,  reflecting a decrease in the
Company's  long  term debt  that  resulted  in a  considerable  decrease  in the
amortization of original issue discount expense.  Amortization of original issue
discount was $114,616 and $210,983 for the three months ended March 31, 2003 and
2002.

Net Loss

         In the first quarter of fiscal 2003, the Company incurred a net loss of
$966,119  compared to a net loss of $1,109,921  for the first fiscal  quarter of
2002.  A decline in  operating  losses for the first  quarter of 2003 versus the
similar period a year ago was primarily due to the above  mentioned  increase in
gross margin.

Liquidity and Capital Resources

         Available  working capital,  for the three months ended March 31, 2003,
increased  slightly  over  the  similar  period  last  year. Vicom experienced a
significant  decrease  in  accounts  payable for the period ended March 31, 2003
versus  year  end  due to a reduction in Multiband payables. Accounts receivable
increased  slightly  for  the period ended March 31, 2003, compared to the prior
year  period.

         Inventories increased slightly over last year's year end balance.

         Management of Vicom believes that, for the near future,  cash generated
by sales of stock, and existing credit facilities, in aggregate, are adequate to
meet  the  anticipated  liquidity  and  capital  resource  requirements  of  its
Corporate   Technologies   USA,  Inc.  business  for  the  next  twelve  months.
Significant continuation of the Company's MultiBand,  Inc.'s build-out is highly
dependent  on securing  additional  financing  for future  projects.  Management
believes  that  while  future  build-out  financing  is  available,  there is no
guarantee that said financing will be obtained.


                                       11
<PAGE>



Capital Expenditures

         The Company  used  $92,285 for  capital  expenditures  during the three
months ended March 31, 2003, as compared to $105,533 in the similar  period last
year. Capital expenditures consisted of equipment acquired for internal use.

CRITICAL ACCOUNTING POLICIES AND ESTIMATES

IMPAIRMENT OF LONG-LIVED ASSETS
-------------------------------
The  Company's  long-lived  assets  include  property,  equipment  and leasehold
improvements.  The  estimated  fair value of these  assets is  dependent  on the
Company's future  performance.  In assessing for potential  impairment for these
assets,  the Company  considers future  performance.  If these forecasts are not
met,  the  Company  may have to  record  an  impairment  charge  not  previously
recognized,  which may be material. During the three months ended March 31, 2003
and 2002, the Company did not record any impairment losses related to long-lived
assets.

IMPAIRMENT OF GOODWILL
----------------------
We  periodically   evaluate   acquired   businesses  for  potential   impairment
indicators.  Our judgements regarding the existence of impairment indicators are
based on legal factors,  market  conditions and  operational  performance of our
acquired  businesses.  Future events could cause us to conclude that  impairment
indicators  exist and that goodwill  associated with our acquired  businesses is
impaired.  Any resulting impairment loss could have a material adverse impact on
our financial condition and results of operations. During the three months ended
March 31,  2003 and 2002,  the  Company  did not  record any  impairment  losses
related to goodwill.

INVENTORIES
-----------
We value our inventory at the lower of the actual cost or the current  estimated
market value of the inventory.  We regularly review inventory quantities on hand
and record a provision for excess and obsolete  inventory.  Rapid  technological
change,  frequent new product  development,  and rapid product obsolescence that
could result in an increase in the amount of obsolete  inventory  quantities  on
hand characterize our industry.

ITEM 3.  QUANTITIVE AND QUALITIVE DISCLOSURE ABOUT MARKET RISK

         Vicom is not subject to any material  interest rate risk as any current
lending agreements are at a fixed rate of interest.

ITEM 4.  CONTROLS AND PROCEDURES

         Within 90 days prior to the date of this  report,  the Company  carried
out an  evaluation,  under the  supervision  and with the  participation  of the
Company's  management,  of the  effectiveness of the design and operation of the
Company's  disclosure  controls and procedures pursuant to Rule 13a-14(c) of the
Securities Exchange Act of 1934. Based upon that evaluation, the Company's Chief
Executive  Officer and Chief  Financial  Officer  concluded  that the  Company's
disclosure  controls and  procedures  are effective in alerting them in a timely
basis to material  information  relating to the Company required to be disclosed
in the Company's periodic SEC reports. There have been no significant changes in
the Company's  internal  controls or in other factors which could  significantly
affect  internal  controls  subsequent  to the date the Company  carried out its
evaluation.


                                       12
<PAGE>



PART II.  OTHER INFORMATION

ITEM 4.  LEGAL PROCEEDINGS

         As of March 31,  2003,  Vicom was not engaged in any legal  proceedings
whose anticipated results would have a material adverse impact on the Company.

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

         (a)      Exhibits
                      None
         (b)      Reports on Form 8-K.
                      None




                                   SIGNATURES

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  registrant  has duly  caused  this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                     VICOM, INC.
                                     Registrant
Date: May 15, 2003                   By:

                                                   /s/   James L. Mandel
                                                   Chief Executive Officer
Date: May 15, 2003                   By:

                                                   /s/    Steven M. Bell
                                                   Chief Executive Officer
                                            (Principal Financial and Accounting
                                                            Officer)





                                       13
<PAGE>


                            CERTIFICATION PURSUANT TO
                  SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

        I,  James  Mandel,  Chief  Executive  Officer  of Vicom  Incorporated,
        certify that:

         1. I have  reviewed  this  quarterly  report  on  Form  10-Q  of  Vicom
     Incorporated;

         2. Based on my knowledge,  this  quarterly  report does not contain any
     untrue  statement  of a  material  fact or omit to  state a  material  fact
     necessary to make the statements made, in light of the circumstances  under
     which such  statements were made, not misleading with respect to the period
     covered by this quarterly report;

         3. Based on my knowledge, the financial statements, and other financial
     information  included  in this  quarterly  report,  fairly  present  in all
     material respects the financial  condition,  results of operations and cash
     flows of the  registrant  as of, and for,  the  periods  presented  in this
     quarterly report;

         4. The registrant's  other certifying officer and I are responsible for
     establishing and maintaining disclosure controls and procedures (as defined
     in Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

     a)   designed  such  disclosure  controls  and  procedures  to ensure  that
          material  information  relating  to  the  registrant,   including  its
          consolidated subsidiaries,  is made known to us by others within those
          entities,  particularly  during  the  period in which  this  quarterly
          report is being prepared;

     b)   evaluated the  effectiveness of the registrant's  disclosure  controls
          and procedures as of a date within 90 days prior to the filing date of
          this quarterly report (the "Evaluation Date"); and

     c)   presented  in  this  quarterly   report  our  conclusions   about  the
          effectiveness  of the disclosure  controls and procedures based on our
          evaluation as of the Evaluation Date;

         5. The  registrant's  other  certifying  officer and I have  disclosed,
     based on our most recent evaluation,  to the registrant's  auditors and the
     audit committee of registrant's  board of directors (or persons  performing
     the equivalent function);

     a)   all  significant  deficiencies  in the design or operation of internal
          controls  which could  adversely  affect the  registrant's  ability to
          record,  process,   summarize  and  report  financial  data  and  have
          identified for the  registrant's  auditors any material  weaknesses in
          internal controls; and

     b)   any fraud, whether or not material,  that involves management or other
          employees who have a  significant  role in the  registrant's  internal
          controls; and

         6. The registrant's  other  certifying  officer and I have indicated in
     this  quarterly  report  whether or not there were  significant  changes in
     internal  controls  or in other  factors  that could  significantly  affect
     internal  controls  subsequent  to the date of our most recent  evaluation,
     including any corrective  actions with regard to  significant  deficiencies
     and material weaknesses.

Dated:  May 15, 2003
                                             ----------------------------------
                                             /s/James Mandel
                                             Chief Executive Officer




                                       14
<PAGE>

                            CERTIFICATION PURSUANT TO
                  SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

         I, Steven Bell, Chief Financial Officer of Vicom Incorporated, certify
         that:

         1. I have  reviewed  this  quarterly  report  on  Form  10-Q  of  Vicom
     Incorporated;

         2. Based on my knowledge,  this  quarterly  report does not contain any
     untrue  statement  of a  material  fact or omit to  state a  material  fact
     necessary to make the statements made, in light of the circumstances  under
     which such  statements were made, not misleading with respect to the period
     covered by this quarterly report;

         3. Based on my knowledge, the financial statements, and other financial
     information  included  in this  quarterly  report,  fairly  present  in all
     material respects the financial  condition,  results of operations and cash
     flows of the  registrant  as of, and for,  the  periods  presented  in this
     quarterly report;

         4. The registrant's  other certifying officer and I are responsible for
     establishing and maintaining disclosure controls and procedures (as defined
     in Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

     a)   designed  such  disclosure  controls  and  procedures  to ensure  that
          material  information  relating  to  the  registrant,   including  its
          consolidated subsidiaries,  is made known to us by others within those
          entities,  particularly  during  the  period in which  this  quarterly
          report is being prepared;

     b)   evaluated the  effectiveness of the registrant's  disclosure  controls
          and procedures as of a date within 90 days prior to the filing date of
          this quarterly report (the "Evaluation Date"); and

     c)   presented  in  this  quarterly   report  our  conclusions   about  the
          effectiveness  of the disclosure  controls and procedures based on our
          evaluation as of the Evaluation Date;

         5. The  registrant's  other  certifying  officer and I have  disclosed,
     based on our most recent evaluation,  to the registrant's  auditors and the
     audit committee of registrant's  board of directors (or persons  performing
     the equivalent function);

     a)   all  significant  deficiencies  in the design or operation of internal
          controls  which could  adversely  affect the  registrant's  ability to
          record,  process,   summarize  and  report  financial  data  and  have
          identified for the  registrant's  auditors any material  weaknesses in
          internal controls; and

     b)   any fraud, whether or not material,  that involves management or other
          employees who have a  significant  role in the  registrant's  internal
          controls; and

         6. The registrant's  other  certifying  officer and I have indicated in
     this  quarterly  report  whether or not there were  significant  changes in
     internal  controls  or in other  factors  that could  significantly  affect
     internal  controls  subsequent  to the date of our most recent  evaluation,
     including any corrective  actions with regard to  significant  deficiencies
     and material weaknesses.

Dated:  May 15, 2003                        Signature:
                                                      -------------------------
                                                       /s/Steven Bell
                                                       Chief Financial Officer


                                       15
<PAGE>

                                  Exhibit 99.1

                                   Vicom, Inc.

                Certification Pursuant to 18 U.S.C. Section 1350
                             As Adopted Pursuant to
                  Section 906 of the Sarbanes-Oxley Act of 2002

         In connection with this Quarterly  Report Form 10-Q,  Vicom,  Inc. (the
"Company")  for the period  ended  March 31,  2003,  I, James L.  Mandel,  Chief
Executive Officer of the Company, hereby certify,  pursuant to 18 U.S.C. Section
1350,  as adopted  pursuant  to Section 906 of the  Sarbanes-Oxley  Act of 2002,
that:

1.   This Periodic Report fully complies with the  requirements of section 13(a)
     or 15(d) of the Securities  Exchange Act of 1934 (15 U.S.C. 78m or 78o(d));
     and

2.   The information  contained in the Periodic Report fairly  presents,  in all
     material respects, the financial condition and results of operations of the
     Company.


-----------------------------------------------------------------------------
Date: May 15, 2003          By:

                                               /s/ James L. Mandel
                                             Chief Executive Officer
-----------------------------------------------------------------------------


         In connection with this Quarterly  Report Form 10-Q,  Vicom,  Inc. (the
"Company") for the period ended March 31, 2003, I, Steven M. Bell, Secretary and
Treasurer of the Company, hereby certify, pursuant to 18 U.S.C. Section 1350, as
adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

1.   This Periodic Report fully complies with the  requirements of section 13(a)
     or 15(d) of the Securities  Exchange Act of 1934 (15 U.S.C. 78m or 78o(d));
     and

2.   The information  contained in the Periodic Report fairly  presents,  in all
     material respects, the financial condition and results of operations of the
     Company.

------------------------------------------------------------------------------
Date: May 15, 2003           By:

                                             /s/ Steven M. Bell
                                          Chief Financial Officer

------------------------------------------------------------------------------


                                       16

<PAGE>