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Towerstream Files to Participate in FCC 700 MHz Spectrum Auction
Dec 11, 2007 (08:12 AM EST)


MIDDLETOWN, R.I., Dec. 11 /PRNewswire-FirstCall/ -- Towerstream , a leading fixed wireless Internet provider currently operating in eight major metropolitan areas, today announced it has filed with the Federal Communications Commission (FCC) to participate in the upcoming auction for spectrum in the 700 megahertz (MHz) band.

"The 700 MHz auction offers tremendous opportunity for Towerstream, as WiMAX is a natural fit for the spectrum - not only because it is application agnostic, but also because of the coverage and penetration it offers," said Jeff Thompson, CEO of Towerstream. "As one of the founding members of the WiMAX Forum with Intel, we feel we are in a great position to explore the benefits of the spectrum for this emerging technology. In addition, we applaud the FCC for embracing the open access model, supported by Google, and feel the spectrum will offer great advantages for WiMAX and many other emerging technologies."

Towerstream's formal application to the FCC was filed on Monday, December 3, 2007.

About Towerstream

Towerstream is a leading fixed WiMAX service provider in the U.S., delivering high-speed Internet access to businesses. Founded in 2000, the company has established networks in such markets as New York City, Los Angeles, Miami, Chicago, Seattle, the San Francisco Bay Area, and the greater Boston, Providence and Newport, R.I. areas, and continues to expand coverage throughout the country. The company was the first carrier selected to join the WiMAX Forum to assist leading vendors in establishing industry compliance with international broadband wireless access standards and cross-vendor interoperability. For more information visit www.towerstream.com .

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. 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 have been correct. Consequently, future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward the forward-looking statements contained herein. The company undertakes no obligation to publicly release statements made to reflect events or circumstances after the date hereof.

CONTACT: Media, Kristin Conforti of Dukas Public Relations for Kristin@dukaspr.comTowerstream, +1-212-704-7385, ; or Investor Contact,Terry McGovern of Vision Advisors for Towerstream, +1-415-902-3001,

Web site: http://www.towerstream.com/