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Overview
  
NASD:TWER
$1.41   - 0.02 		Aug 7, 2008
3:59 PM ET

Towerstream delivers high speed wireless internet access to businesses in the largest US metropolitan markets and is recognized as a leader in the fixed wireless and WiMAX industries.

Founded in 1999 by Philip Urso (Chairman) and Jeff Thompson (CEO), Towerstream has witnessed significant growth since inception:

April 2001 Launched service in the Boston and Providence markets
June 2003 Launched service in the New York City market
March 2004 Launched service in the Chicago market
December 2004 Launched service in the Los Angeles market
October 2005 Launched service in the San Francisco market
January 2007 Completed ~$15 million financing; began trading under symbol TWER
January 2007 Launched service in the Seattle market (SpeakEasy acquisition)
March 2007 Launched service in the Miami market
June 2007 Completed secondary financing and raised $40 million in capital
October 2007 Completed 160 seat sales center in the Middletown office.
December 2007 December 8Mbps promotion brings in record high 100 contracts
April 2008 Launched service in the Dallas market

Unlike other internet service providers, Towerstream owns its entire network and is not dependant on the local exchange carrier network of phone wires or cable. This allows Towerstream to deliver a very reliable last mile solution with a faster installation at a significantly lower price than the competition.


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