Towerstream Waives Fee for Fixed Wireless Broadband Network to Manhattan Businesses

MIDDLETOWN, R.I., Nov. 1, 2012 (GLOBE NEWSWIRE) -- Towerstream (Nasdaq:TWER), a leading 4G and Wi-Fi/Small Cell Network provider, today announced that it is waiving its fee for its Rapid Install solution to businesses in Manhattan who were affected by Hurricane Sandy.

Due to the design of Towerstream's wireless broadband network, the company offers its coverage through the air and not in the ground. Therefore, it is not affected by the flooding issues currently affecting many city businesses. Those in need of reliable broadband can sign up for Towerstream's service and be up and running in the next few days.

"Because we are not reliant on wires in the ground, our network has been mainly unaffected by Hurricane Sandy," stated Matt Tooker, Vice President of Sales. "For any business who needs a quick and reliable broadband solution, Towerstream will waive its Rapid Install fee and get these businesses up and running as soon as possible."

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About Towerstream Corporation

Towerstream (Nasdaq:TWER) is a leading 4G and Wi-Fi/Small Cell Network provider. The company owns, operates, and leases Wi-Fi and Small Cell sites to cellular phone operators, tower, Internet and cable companies and hosts a variety of customers on its network. Towerstream was originally founded in 2000 to deliver fixed-wireless high-speed Internet access to businesses and to date offers superior broadband services in over 12 urban markets including New York City, Boston, Los Angeles, Chicago, Philadelphia, the San Francisco Bay area, Miami, Seattle, Dallas-Fort Worth, Nashville, Las Vegas-Reno and the greater Providence area. For more information on Towerstream services, please visit and/or follow us @Towerstream.

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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 a small cell rooftop asset platform 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.

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