Towerstream Reports Record Number of Contracts in November 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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