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Towerstream Adds Five Buildings to Its On-Net Fixed Wireless Service Offering

MIDDLETOWN, R.I., March 31, 2015 (GLOBE NEWSWIRE) -- Towerstream (Nasdaq:TWER), a Fixed Wireless Fiber Alternative provider, announced the addition of five buildings to its On-Net Fixed Wireless Service offering. Businesses located in these buildings now have access to 100 Mbps of dedicated, symmetrical Internet connectivity, backed by an industry leading SLA (service level agreement), for $699 per month.

"We are excited to continue growing our portfolio of On-Net buildings in response to strong demand from building owners, property managers, and businesses," stated Jeffrey Thompson, CEO. "Fixed wireless connectivity has proven to be faster than fiber, more reliable, and quicker to install. We plan to continue adding On-Net locations throughout 2015."

"Internet connectivity options are viewed by current and prospective tenants as a key feature of the services that our buildings provide," stated Michele Campbell, building manager of Deco Tower Associates. "Offering best-of-class services is critical to keeping our buildings at high occupancy levels and we are pleased to be working with a top tier wireless provider like Towerstream."

On-Net buildings leverage Towerstream's fixed wireless network built high above each city. The dense, mesh architecture is highly redundant and reliable with short distance connections to Towerstream's fiber backbone in each city. Building owners and property managers recognize the importance that current and prospective tenants place on the quality of internet service provided at their business location. As a result, they are providing access to their network services room where Towerstream installs the equipment required to provide every business at that location with 100 Mbps at a market-leading price of $699 per month.

Businesses utilize the Internet to improve operating efficiencies. As businesses continue to drive processes and systems to the cloud, their needs for bandwidth capacity are rising exponentially. Towerstream's 100 Mbps offering is designed to fully address the needs of every business at a price only marginally higher than historically charged by traditional providers for a T-1 connection which is only 1.5 Mbps.

Building owners or property managers interested in providing 100 Mbps of Internet access to their business tenants can get more information at: http://www.towerstream.com/property-owner

Businesses interested in finding out if your building is a Towerstream On-Net building, click here: http://www.towerstream.com/promotions/100mbps-only-699mo

About Towerstream Corporation

Towerstream Corporation (Nasdaq:TWER) is a leading Fixed Wireless Fiber Alternative company delivering high-speed Internet access to businesses. To date the company offers its broadband services in 12 urban markets including New York City, Boston, Los Angeles, Chicago, Philadelphia, the San Francisco Bay area, Miami, Seattle, Dallas-Fort Worth, Houston, Las Vegas-Reno, and the greater Providence area. In 2014, Towerstream launched its On-Net fixed wireless service offering building owners and property managers a redundant and reliable dense urban network that directly connects with Towerstream's fiber backbone. On-Net building tenants have access to 100 Mbps of dedicated, symmetrical Internet connectivity, with a premier SLA, for an industry-leading price of $699/month. For more information on Towerstream services, please visit www.towerstream.com and/or follow us @Towerstream.

The Towerstream Corporation logo is available at: http://www.globenewswire.com/newsroom/prs/?pkgid=6570

About HetNets Tower Corporation

HetNets Tower Corporation ("HetNets") was formed in January 2013 as a wholly owned subsidiary of Towerstream Corporation (Nasdaq:TWER), and offers a neutral host, shared wireless infrastructure solution, either independently or as a turnkey service. Its wireless communications infrastructure is available to wireless carriers, cable and Internet companies in major urban markets where the explosion in mobile data is creating significant demand for additional capacity and coverage. HetNets offers a carrier-class Wi-Fi network for Internet access and the offloading of mobile data. Its street level rooftop locations are ideal for the installation of customer owned small cells including DAS, Metro and Pico cells. Other solutions provided by HetNets include backhaul, power, and related small cell requirements. More information is available at http://www.hetnets.com.

Safe Harbor

Certain statements contained in this press release are "forward-looking statements" within the meaning of applicable federal securities laws, including, without limitation, anything relating or referring to future financial results and plans for future business development activities, and are thus prospective. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified based on current expectations. Such risks and uncertainties include, without limitation, the risks and uncertainties set forth from time to time in reports filed by the Company with the Securities and Exchange Commission, including, without limitation, risk related to our ability to deploy and expand small cell rooftop tower locations in the New York City and other key markets. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Consequently, future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements contained herein. The Company undertakes no obligation to correct or update any forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT: INVESTOR CONTACT: Monica Gould The Blueshirt Group 212-871-3927 monica@blueshirtgroup.com MEDIA CONTACT: Todd Barrish Indicate Media 917-861-0089 todd@indicatemedia.com

Source:Towerstream Corporation