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Towerstream Adds Record Number of Buildings and Customers to Its On-Net Fixed Wireless Offering

MIDDLETOWN, R.I., June 16, 2015 (GLOBE NEWSWIRE) -- Towerstream (Nasdaq:TWER), a Fixed Wireless Fiber Alternative provider, announced that 20 building installations were completed and 25 customers were added to its On-Net fixed wireless offering in May 2015. This record monthly performance increased the number of total building installations to 79 and the number of total customers connections to 103.

An On-Net installation enables Towerstream to provide wireless broadband service to all businesses in a building as compared to the traditional approach of connecting one customer at a time. The Building owner provides access to its central data services room where Towerstream installs Point-to-Point equipment capable of servicing the entire building rather than equipment only sufficient for one customer. As additional customers are secured in a building, the only action required is a cable run from the central data services room to the business' information technology portal.

"Building owners and property managers are embracing our On-Net solution because they recognize that we deliver better service and value than our competitors and offer them the ability to market state-of-the-art broadband services to existing and future tenants," stated Jeffrey Thompson, CEO.

Business tenants have access to 100 megabits per second of dedicated, non-oversubscribed, symmetrical Internet connectivity, backed by a leading SLA (service level agreement), at the industry's lowest price of $699 per month.

"Our fixed wireless network is unique because it was constructed above each of our urban markets rather than a traditional underground fiber network. This enables us to provide high capacity service to a building that is faster, cheaper, and with less disruption to building operations," added Arthur Giftakis, SVP Engineering & Operations.

"Offering reliable, fast and affordable Internet service to our tenants is one of the most important service features in a modern building and allows us to instantly overcome many of the typical challenges other buildings face," said Dereck A Rascon Sr., Chief Engineer at The Wiltern Center. "By being able to offer worry free broadband in a historical high rise property, we are setting a benchmark for other properties to follow, both new and old, which says it all. Not only do we utilize Towerstream's Internet service for our own use, we also have several tenants using the 100Mbps for $699 offering. It is a powerful proposition for us to be partnered with Towerstream."

Building owners or property managers interested in learning more about Towerstream's On-Net offering can get more information at: http://www.towerstream.com/property-owner

Businesses interested in learning more about Towerstream's 100Mbps for $699 promotion can visit: 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