Mr. Thompson co-founded Towerstream in December 1999 with Philip Urso. Mr. Thompson has served as a director since inception and as chief operating officer from inception until November 2005 when Mr. Thompson became president and chief executive officer. In 1995, Mr. Thompson co-founded and was vice president of operations of EdgeNet Inc., a privately held Internet service provider (which was sold to Citadel Broadcasting Corporation in 1997 and became eFortress ("eFortress")) through 1999. Mr. Thompson holds a B.S. from the University of Massachusetts.

Holdings: 1,900,555 shares     View Transactions

Date	Type	Shares Traded	Price Range
Nov 30, 2007	Buy	1,500	2.11
Nov 29, 2007	Buy	1,000	2.18
Nov 16, 2007	Buy	450	2.38
Nov 15, 2007	Buy	400	2.44
May 30, 2007	Statement of Ownership	0	n/a

Mr. Urso's emphasis on focus and capital efficiency has helped Towerstream emerge EBITDA and cash-flow positive within 3 years. One of the leading fixed-wireless broadband companies in the US, Towerstream is perfecting the formula for serving major markets such as New York, Chicago, Los Angeles and Boston. Towerstream's extremely low churn rate is evidence of its commitment to excellence in network performance and Customer Satisfaction.

Urso's lengthy track record in developing successful technology/media start-ups has been a key ingredient in Towerstream's success. He has owned, managed, and sold 16 radio stations since 1981. Each of these properties were start-up or distressed entities. Many recorded their highest margins and ratings under his leadership. In 1995, Urso and Jeff Thompson founded eFortress, an ISP that served 20 cities. EFortress achieved a 35% EBITDA margin. In 1997, Urso founded cell-tower company MCF Communications, another high-margin company.

Urso graduated from Portsmouth Abbey and holds a B.A. from Northwestern University's American Studies program.

Holdings: 3,468,256 shares     View Transactions

Date	Type	Shares Traded	Price Range
May 15, 2008	Buy	3,000	1.39
Nov 20, 2007	Buy	400	2.34
Nov 16, 2007	Buy	700	2.30 - 2.36
Nov 13, 2007	Buy	700	2.44 - 2.47
Nov 12, 2007	Buy	1,500	2.43 - 2.47
May 30, 2007	Statement of Ownership	0	n/a
May 30, 2007	Statement of Ownership	0	n/a

Dr. Haronian has served as a director of Towerstream since inception in December 1999. Dr. Haronian is an interventional cardiologist and has been president of Cardiology Specialists, Ltd. of Rhode Island since 1994. Dr. Haronian has also been a member of the clinical faculty of the Yale School of Medicine since 1994 and has served as the director of the cardiac catheterization program at Yale-New Haven Hospital since 2003. Immediately following our reverse merger with Towerstream on January 12, 2007, Mr. Haronian became a director.

Holdings: 1,898,661 shares     View Transactions

Date	Type	Shares Traded	Price Range
Nov 26, 2007	Buy	500	2.35
May 30, 2007	Statement of Ownership	0	n/a

Mr. Koehler has served as a director since January 2007. Mr. Koehler is the vice president of business development of Pacific Ethanol, Inc. (NasdaqGM: PEIX), a position he has held since June 2005. Mr. Koehler has over twenty years of experience in the electricity industry, having focused during the past five years on acquiring and developing wind power projects for PPM Energy, Inc., a subsidiary of Scottish Power plc. Prior to joining PPM Energy Inc., Mr. Koehler was the president and a founder of Kinergy Corporation, a consulting firm focused on renewable energy and risk management. In addition, Mr. Koehler was a co-founder of ReEnergy LLC, one of the companies acquired by Pacific Ethanol, Inc. During the 1990s, Mr. Koehler worked for Portland General Electric Company and Enron Corp. in marketing and origination of long term transactions, risk management, and energy trading. Mr. Koehler holds a B.A. from the Honors College at the University of Oregon.

Mr. Bush has served as a director since January 2007. Mr. Bush has been an executive officer of Handheld Entertainment, Inc. (NasdaqCM: ZVUE) since January 2006 and became its chief financial officer on June 26, 2006. Mr. Bush has over 15 years of experience in accounting, financial support and business development. From 2002 to 2005, Mr. Bush was the chief financial officer and secretary for International Microcomputer Software, Inc. (OTCBB: IMSI.OB), a developer and distributor of precision design software, content and on-line services. Prior to that he was a director of business development and corporate controller for Buzzsaw.com, Inc. Mr. Bush was one of the founding members of Buzzsaw.com, Inc., a privately held company spun off from Autodesk, Inc. in 1999, focusing on online collaboration, printing and procurement applications. From 1997 to 1999, Mr. Bush worked as corporate controller at Autodesk, Inc. (NasdaqGM: ADSK), the fourth largest software applications company in the world. Prior to that, Mr. Bush worked for seven years in public accounting, first with Ernst & Young, and later with Price Waterhouse in Munich, Germany. Mr. Bush holds a B.S. in Business Administration from U.C. Berkeley and is a Certified Public Accountant.

Holdings: 5,000 shares     View Transactions

Date	Type	Shares Traded	Price Range
Nov 19, 2007	Buy	5,000	2.31 - 2.34