Towerstream Corporation
Dec 6, 2012

Towerstream Reports Record Number of Contracts in November 2012

Waives Rapid Install Fee for San Francisco Businesses in Need of Immediate Broadband Service Due to Barrage of Storms

MIDDLETOWN, R.I., Dec. 6, 2012 (GLOBE NEWSWIRE) -- Towerstream (Nasdaq:TWER), a leading 4G and Small Cell Rooftop Tower Company, today announced it has signed a record number of contracts in November 2012 for its fixed wireless broadband service. Additionally, the company announced that it is waiving the fee for its Rapid Install solution to businesses in San Francisco who are being affected by recent storms.

"We are ending the year in a strong position," stated Matt Tooker, Vice President of Sales. "Month after month businesses in the county's largest markets are realizing the value of having a reliable broadband solution that is able to be turned up at a moment's notice. Towerstream has spent years building a tremendously loyal customer base and it is great to see our momentum continuing to increase. We look forward to a strong 2013."

Towerstream offers its fixed wireless broadband coverage through the air and not in the ground. Therefore, during massive storms like those affecting the west coast, the network is not affected by typical flooding issues that can cripple cities. Those in need of reliable broadband can sign up for Towerstream's service and be up and running in days.

"During Hurricane Sandy's reign on the East Coast, many businesses were caught without broadband for days and weeks because their current provider's networks became flooded and unusable," said Arthur Giftakis, VP Engineering & Network Operations at Towerstream. "Towerstream's network is built above the ground and incorporates Microwave technology which is even faster than fiber. This is the best way to deliver broadband. Due to the feedback we received in New York, we realized how important it is to be able to provide businesses with reliable broadband in a short amount of time. With this in mind, we will waive our Rapid Install fee in San Francisco and work overtime to get these businesses up and running as soon as possible."

Click here for more information on Towerstream's wireless broadband solution: http://www.towerstream.com/Home.aspx?v=1

About Towerstream Corporation

Towerstream (Nasdaq:TWER) is a leading 4G and Small Cell Rooftop Tower company. The company owns, operates, and leases Wi-Fi and Small Cell rooftop tower locations to cellular phone operators, tower, Internet and cable companies and hosts a variety of customers on its network. Towerstream was originally founded in 2000 to deliver fixed-wireless high-speed Internet access to businesses and to date offers superior broadband services in over 12 urban 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. For more information on Towerstream services, please visit www.towerstream.com and/or follow us @Towerstream.

The Towerstream Corporation logo is available at: http://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, including, without limitation, risk related to our ability to deploy and expand rooftop tower locations in the New York City and other key markets. 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: MEDIA CONTACT:

         Todd Barrish

         Indicate Media

         646-396-6038

         todd@indicatemedia.com



         INVESTOR CONTACT:

         Terry McGovern

         Vision Advisors

         415-902-3001

         mcgovern@visionadvisors.net

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Source: Towerstream Corporation

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