Towerstream to Report Third Quarter Financial Results

Oct 31, 2007 (08:10 AM EDT)

MIDDLETOWN, R.I., Oct. 31 /PRNewswire-FirstCall/ Towerstream , a leading fixed wireless service provider, today announced that it will release financial results for the third quarter ended September 30, 2007 on November 7, 2007 after the close of the market. Following the announcement a conference call led by President and Chief Executive Officer, Jeff Thompson, and Chief Financial Officer, George Kilguss, is scheduled to begin at 5pm EST to review the Company's financial results and provide an update on business developments.

Interested parties may participate in the conference by dialing 866.800.8649 or 617.614.2703 (for international callers) using pass code 30156624. A telephonic replay of the conference may be accessed approximately two hours after the call through November 28, 2007 by dialing 888-286-8010 or 617-801-6888 (for international callers) using pass code 53421267.

The call will also be webcast and can be accessed in a listen-only mode on the company's website at

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 on Towerstream, please visit their website at: .

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: Investor Contact, Terry McGovern of Vision Advisors,, ; or Media Contact, KristinConforti of Dukas Public Relations, +1-212-704-7385, ,both for Towerstream

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