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Towerstream to Waive Fees for New Wireless Broadband Customers
[August 11, 2011]

Towerstream to Waive Fees for New Wireless Broadband Customers


(GlobeNewswire Via Acquire Media NewsEdge) MIDDLETOWN, R.I., Aug. 11, 2011 (GLOBE NEWSWIRE) -- Towerstream Corporation (Nasdaq:TWER), a leading 4G service provider, today announced that any Verizon customers in a Towerstream market that are being affected by the current strike, are eligible to switch to Towerstream's high-speed wireless broadband service utilizing its Rapid Install service option.



"We understand the frustration many customers experience when they can't get internet service to properly run their businesses," stated Jeff Thompson, Chief Executive Officer. "One of our most popular subscription options is our Rapid Install Service, guaranteeing customer's reliable wireless broadband in days instead of weeks. To help alleviate some of the headaches businesses may be feeling due to the strike situation, we are waving our Rapid Install fee and encourage all affected Verizon customers in a Towerstream market to consider Towerstream's state-of-the-art service." For more information, please email Matt Tooker, VP of Sales at Mtooker@towerstream.com or visit our website at www.towerstream.com.

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 todd@indicatemedia.com Vision Advisors INVESTOR CONTACT: Terry McGovern 415-902-3001 mcgovern@visionadvisors.net Source: Towerstream Corporation 2011 GlobeNewswire, Inc.

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