Towerstream to Report Fourth Quarter and Year End 2012 Financial Results on March 18, 2013

Towerstream to Report Fourth Quarter and Year End 2012 Financial Results on
March 18, 2013

MIDDLETOWN, R.I., March 4, 2013 (GLOBE NEWSWIRE) -- Towerstream Corporation
(Nasdaq:TWER), a leading 4G and Small Cell Rooftop Tower company, today
announced that financial results for the fourth quarter and year ended
December 31, 2012 will be released on Monday, March 18, 2013 following the
market close.

A conference call to discuss results for the fourth quarter and year end 2012
will be held on March 18, 2013 at 5:00 p.m. ET, during which President and
Chief Executive Officer, Jeff Thompson, and Chief Financial Officer, Joseph
Hernon, will review the Company's financial results and provide an update on
current business developments.

Investors and other interested parties may access the earnings call as
follows:

Dial-in numbers:   877-755-7423, for U.S. callers; 678-894-3069 for
                    international
                  callers
                  
Internet:          An audio webcast will be accessible at:
                  http://ir.towerstream.com/events.cfm
                  
Telephone replay:  Monday March 18, 2013 at 8:00 p.m. ET until Monday March
                    25,
                  2013 at 11:59 p.m. ET
                  
                  Dial in number: toll free 855-859-2056 for U.S. callers;
                    toll 404-
                  537-3406 for international callers; Conference ID:
                    18993014 for
                  all callers

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 small
cell 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: INVESTOR CONTACT:
         Terry McGovern
         Vision Advisors
         415-902-3001
         mcgovern@visionadvisors.net
        
         MEDIA CONTACT:
         Todd Barrish
         Indicate Media
         646-396-6038
         todd@indicatemedia.com

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