Towerstream Corporation
Dec 15, 2011

Skype Partners With Towerstream

Skype Users to Gain Access to Manhattan's Largest Wi-Fi Network

MIDDLETOWN, R.I., Dec. 15, 2011 (GLOBE NEWSWIRE) -- Towerstream Corporation (Nasdaq:TWER), a leading 4G service provider and Wi-Fi network operator, and Skype have partnered together to include Towerstream's state-of-the-art Manhattan Wi-Fi network within the Skype WiFi hotspot footprint.

Skype WiFi is a convenient, one-click way to get online at third party wireless hotspots and pay by the minute using Skype Credit. Skype customers, who currently have access to over one million hotspots around the world, are now able to access the mobile internet with the simple click of a button when roaming around the streets of Manhattan.  By using Skype WiFi on either a smartphone or computer, users can browse the internet, check email, upload photos, and download music or e-books, all at an affordable per-minute rate.

"By offering  millions of Skype's customers access to Towerstream's largest and fastest Wi-Fi network in Manhattan, users now have a great alternative to today's congested networks," said Jeff Thompson, Towerstream CEO. "Wi-Fi has emerged as the leading broadband technology allowing users to truly receive the mobile experience devices are capable of today.  As a worldwide technology leader, Skype understands the potential opportunity ahead for its customers and we are thrilled to begin a long and prosperous partnership together."

"At Skype, we are committed to removing barriers to communication and helping our users connect with those who matter most to them wherever they may be," said Skype WiFi Product Manager Shadi Mahassel. "The partnership to leverage Towerstream's Wi-Fi network advances this mission by making it easier for Skype users in Manhattan to connect with friends, family or colleagues on the go."

Click here for additional information on Skype WiFi: http://www.skype.com/go/skypewifi

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 over 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. In 2011, Towerstream launched its Manhattan Wi-Fi network geared towards mobile operators, retail/daily deal providers and Wi-Fi operators. For more information, visit our website at www.towerstream.com or follow us on Twitter @Towerstream.

The Towerstream Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6570

About Skype

Skype is software that enables the world's conversations. Millions of individuals and businesses use Skype to make free video and voice calls, send instant messages and share files with other Skype users. Every day, people everywhere also use Skype to make low-cost calls to landlines and mobiles. Download Skype to your computer or mobile phone at skype.com.

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: Towerstream

         MEDIA CONTACT:

         Todd Barrish

         646-396-6038

         todd@indicatemedia.com



         Towerstream

         INVESTOR CONTACT:

         Terry McGovern

         415-902-3001

         mcgovern@visionadvisors.net

Towerstream Corporation Logo

Source: Towerstream Corporation

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