Towerstream Waives Fee for Fixed Wireless Broadband Network to Manhattan Businesses

Towerstream Waives Fee for Fixed Wireless Broadband Network to Manhattan
Businesses

Offers Rapid Install for Businesses in Need of Immediate Broadband

MIDDLETOWN, R.I., Nov. 1, 2012 (GLOBE NEWSWIRE) -- Towerstream (Nasdaq:TWER),
a leading 4G and Wi-Fi/Small Cell Network provider, today announced that it is
waiving its fee for its Rapid Install solution to businesses in Manhattan who
were affected by Hurricane Sandy. 

Due to the design of Towerstream's wireless broadband network, the company
offers its coverage through the air and not in the ground.Therefore, it is
not affected by the flooding issues currently affecting many city
businesses.Those in need of reliable broadband can sign up for Towerstream's
service and be up and running in the next few days.

"Because we are not reliant on wires in the ground, our network has been
mainly unaffected by Hurricane Sandy," stated Matt Tooker, Vice President of
Sales. "For any business who needs a quick and reliable broadband solution,
Towerstream will waive its Rapid Install fee and 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 Wi-Fi/Small Cell Network
provider. The company owns, operates, and leases Wi-Fi and Small Cell sites 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 a small
cell rooftop asset platform 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: INVESTOR CONTACT:
         Terry McGovern
         Vision Advisors
         415-902-3001
         mcgovern@visionadvisors.net
        
         MEDIA CONTACT:
         Todd Barrish
         Indicate Media
         646-396-6090
         todd@indicatemedia.com

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