SOURCE: Towerstream

Towerstream

June 16, 2009 08:30 ET

Towerstream Continues Extension of Chicago Network Coverage to Include Oakbrook

Additional Companies Now Have Access to Towerstream's High-Speed, Wireless Business Internet Service, Including RedSpeed Illinois

MIDDLETOWN, RI--(Marketwire - June 16, 2009) -


News Facts
Towerstream (NASDAQ: TWER), a leading fixed WiMAX service provider, today announced it has extended the coverage area of its Chicago wireless broadband network to include Oakbrook, Ill, following the company's recent extension to cover Evanston, Ill. As a result, additional companies in the Chicago area will now have access to Towerstream's high-speed, wireless business Internet service.

The expansion of Towerstream's Chicago network will strengthen service for existing customers in the city, while enabling Towerstream to further penetrate the market and add new customers. One of Towerstream's first new customers in the Oakbrook area is RedSpeed Illinois, the only Illinois-based company offering turnkey, automated red light and speed photo enforcement programs as well as high-tech public safety surveillance solutions.

Due to RedSpeed Illinois' extensive work with law enforcement agencies, maintaining 100% Internet uptime is extremely important. The company was drawn to Towerstream because of its reliable and redundant service that is completely independent of traditional, wired broadband services. RedSpeed Illinois began working with Towerstream in early June, obtaining 8 Mbps of bandwidth.

Towerstream's wireless Internet service allows businesses of all sizes -- including RedSpeed Illinois -- to connect to secure, reliable, and cost effective broadband with improved functionality over traditional broadband, including faster upload speeds.

Quotes
"Adding the Oakbrook area to our Chicago network provides access to an additional 42,400 potential business customers located in the Oakbrook area. As we continue to execute on our business model, growing our market share across all of our nine markets continues to be a high priority. Network expansions like this enable us to further penetrate cities like Chicago to add new customers and increase revenue." (Jeff Thompson, President and CEO of Towerstream -- Jeff Thompson's bio)

"With Chicago's volatile weather and frequent flooding, a broadband product that offers high reliability and redundancy, like Towerstream's, is invaluable. Towerstream's service has also proven to be significantly faster than our land-based, wired connection. It's really a silver bullet for us in terms of 100% uptime, a vital element of our service to Chicago-area law enforcement and public safety agencies." (Sean Tomasz, IT Director, RedSpeed Illinois)

Please contact Amanda Lordy (Amanda@dukaspr.com) to arrange an interview and/or for additional quotes.

Towerstream's Services
Towerstream offers a variety of bandwidth options from T-1 to 1000 Mbps as well as service reliability backed by an industry-leading Service Level Agreement (SLA) and a no-risk, money-back guarantee. Towerstream's wireless broadband network delivers high-speed Internet access supporting VoIP, bandwidth on demand, wireless redundancy, VPNs, disaster recovery, bundled data, and video services. Companies utilizing multiple appliances simultaneously, such as streaming video and VoIP, can prioritize their bandwidth to secure mission-critical activities. Towerstream also offers a Rapid Installation Program which guarantees installation within 48 hours.

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 nine markets including New York City, Boston, Los Angeles, Chicago, the San Francisco Bay Area, Miami, Seattle, Dallas-Fort Worth, and the greater Providence area where the Company is based. 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. Towerstream was awarded two 2008 Telephony Innovation Awards for Most Innovative Broadband Wireless Service and Most Innovative Small Business Service and the Best of WiMAX World 2008 Service Provider Deployment Award for its New York City network.

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 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 publicly release statements made to reflect events or circumstances after the date hereof.

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