Towerstream Completes Acquisition of Delos Internet in Houston

Towerstream Completes Acquisition of Delos Internet in Houston

MIDDLETOWN, R.I., March 5, 2013 (GLOBE NEWSWIRE) -- Towerstream Corporation
(Nasdaq:TWER), a leading 4G and Small Cell Rooftop Tower company, completed
its acquisition of Delos Internet ("Delos") which operates in Houston, Texas.

"We are pleased to close the Delos acquisition which expands our national
presence to 13 markets including 9 of the 10 largest in the country," stated
Joseph Hernon, Chief Financial Officer. "This marks our fifth acquisition to
date and we continue to seek opportunities in existing and new markets."

Jeff Thompson, CEO will be presenting at today's Deutsche Bank Securities 2013
dbAccess Media, Internet & Telecom Conference from 3:25p.m. - 4:00p.m. EST.
Investors and other interested parties may access a live webcast of the
presentation by visiting the following URL:
http://www.media-server.com/m/p/3us5ir73.

Mr. Thompson will discuss the company's recently formed subsidiary, Hetnets
Tower Corporation, created to facilitate the growth of Towerstream's shared
wireless infrastructure business as well as discuss the company's acquisition
program including the closing of Delos Internet based in Houston, its fifth
acquisition to date.

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 13
urban markets including New York City, Boston, Los Angeles, Chicago,
Philadelphia, the San Francisco Bay area, Miami, Seattle, Dallas-Fort Worth,
Houston, 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
         646-396-6090
         todd@indicatemedia.com

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