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Towerstream to Launch Distribution Network for Daily Deals(GlobeNewswire Via Acquire Media NewsEdge) MIDDLETOWN, R.I., Aug. 10, 2011 (GLOBE NEWSWIRE) -- Towerstream Corporation (Nasdaq:TWER), a leading 4G service provider, today announced the launch of its Manhattan Distribution Network which will offer daily deal sites and all mobile app providers access to millions of potential consumers through their smart phones, tablets and notebooks while simultaneously providing free Wi-Fi access to those consumers. Customers will rent one of nine channels available on Towerstream's Manhattan Wi-Fi network, the largest network in Manhattan which today includes over 1000 access points, to offer their consumers free internet access after downloading a mobile app to their mobile device or offering a splash screen featuring the customer's daily deal. Towerstream has partnered with BlisMobile, one of the world's largest location-based media owners. BlisMobile brings leading brand sponsors to the distribution network for the first several weeks of the new initiative. Under this agreement, consumers will receive free Wi-Fi access in exchange for downloading a brand's mobile app. Please see the demonstration video of BlissMobile for more details about the service at: http://www.blismobile.com/blis_appzone.html Gregor Isbister, Manager Director at BlisMobile, said: "Increasingly agencies, buyers and planners understand the benefits of being able to buy mobile media inventory and optimize campaigns across a broader set of mobile channels and in particular Wi-Fi." "The partnership with Towerstream perfectly exemplifies how we are giving our blue-chip clients such as Amazon, Google and eBay, the opportunity to deliver rich, location-based campaigns to a highly segmented audience. More than this, since all campaigns are managed via BlisMobile, they can be optimized to deliver maximum return on investment." "We are very pleased that our first partnership of this kind with BlisMobile will allow such significant internet brands to leverage our distribution network," said Jeff Thompson, CEO of Towerstream. "We believe that connecting consumers with products that are in their proximity is invaluable. Our distribution network for daily deals not only drives downloads to mobile apps, it significantly expands the reach of daily deal sites and all mobile app providers by offering untapped users – a key ingredient for all parties." Towerstream also offers its Wi-Fi network to mobile operators as a handoff solution to alleviate network congestion. It is designed to have a minimum of 200 mbps of available bandwidth per Hotzone, making it one of the fastest portable Wi-Fi networks in Manhattan. Trials have shown smartphone users have received 4-20Mbs per handset device while laptops and tablet users have received 30-90Mbs per device. For more information please email [email protected] or visit www.towerstream.com/DailyDealDistribution.aspx. About Towerstream Corporation Towerstream is a leading 4G service provider in the U.S., delivering high-speed wireless Internet access to businesses. Founded in 2000, the Company has established networks in 12 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 where the Company is based. For more information, visit our website at www.towerstream.com or follow us on Twitter @Towerstream. The Towerstream Corporation logo is available at: //www.globenewswire.com/newsroom/prs/?pkgid=6570 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. 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: Indicate Media MEDIA CONTACT: Todd Barrish 646-396-6038 [email protected] Vision Advisors INVESTOR CONTACT: Terry McGovern 415-902-3001 [email protected] Source: Towerstream Corporation 2011 GlobeNewswire, Inc. |