MIDDLETOWN, R.I., April 29, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Towerstream (Nasdaq: TWER) a leading fixed WiMAX service provider, today announced it will be powering one of New York City's landmark skyscrapers with building-wide access to its high-speed, wireless broadband solution. The 50-story building, which extends a full city block, will also serve as Towerstream's sixth point-of-presence (PoP) in its New York City wireless broadband network, extending broadband coverage to much of Manhattan's north side. The site is the first Towerstream-powered building to take full advantage of wireless gigabit broadband delivered directly from the company's rooftop equipment. Now, all building tenants can enjoy high quality wireless broadband at very low costs, giving them true redundancy and service reliability.
"By adding this skyscraper as a PoP in our network, we not only expand our coverage area to more businesses, but we now have a tremendous opportunity to fill a growing demand at that location for broadband access to all offices located on site," said Mel Yarbrough, Towerstream's Vice President of Sales. "This is the first time we have rolled out access in this way; we see it as a viable strategy for continuing to expand our customer base, particularly in densely populated business centers. Unlike legacy carriers and other providers we offer a reliable, cost effective and completely wireless broadband option, with no dependency on fiber or wirelines. With the pent-up demand already in place from northern Manhattan businesses, we expect to see immediate revenue as a result of this expansion."
Towerstream's customers have a range of bandwidth options to choose from, including T1, T3, 100 and 1000 Mbps connections as well as service reliability backed by an industry-leading Service Level Agreement (SLA) and a no-risk, money-back guarantee. Towerstream's fixed wireless broadband network delivers high-speed Internet access supporting VoIP, bandwidth on demand, wireless redundancy, VPNs, disaster recovery, bundled data, and video services. Companies utilizing multiple appliances simultaneously, such as streaming video and VoIP, can prioritize their bandwidth to secure mission-critical activities. In addition to New York City, Towerstream currently serves businesses of all sizes in Chicago, Los Angeles, Seattle, Boston, San Francisco, Miami, Dallas-Fort Worth and Providence/Newport. Towerstream also offers a Rapid Installation Program which guarantees installation within 48 hours.
For a map of the regions covered by Towerstream's service, please visit http://www.towerstream.com. For sales inquiries, please call 866-848-5848; or visit http://www.towerstream.com/index.asp?ref=support .
Towerstream is a leading fixed WiMAX service provider in the U.S., delivering high-speed Internet access to businesses. Founded in 2000, the company has established networks in such markets as New York City, Los Angeles, Miami, Chicago, Seattle, the San Francisco Bay Area, Dallas-Fort Worth, and the greater Boston, Providence and Newport, R.I. areas, and continues to expand coverage throughout the country. The company was the first carrier selected to join the WiMAX Forum to assist leading vendors in establishing industry compliance with international broadband wireless access standards and cross-vendor interoperability.
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 have been correct. Consequently, future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward the forward-looking statements contained herein. The company undertakes no obligation to publicly release statements made to reflect events or circumstances after the date hereof.
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