Market Overview

Towerstream to Participate at 4G World Small Cell Summit


MIDDLETOWN, R.I., Oct. 25, 2012 (GLOBE NEWSWIRE) -- Towerstream (Nasdaq: TWER), a leading 4G and Wi-Fi/Small Cell Network provider, today announced that its President and CEO, Jeff Thompson, will participate on an Executive Roundtable titled, "Outlook for Small Cells and Wi-Fi Integration" at the 4G World Small Cell Summit on Monday, October 29th, 2012, at 12:00pmCT in the W-475 room of the McCormick Place Convention Center in Chicago, IL.

Additional panelists include: Edgar Figueroa, CEO, Wi-Fi Alliance; Robert Riordan, Executive Vice President and Director of Corporate Development, Nsight; Gordon Mansfield, Chairman, Small Cell Forum and Executive Director – Small Cell Solutions & RAN delivery at AT&T; and moderated by Ed Gubbins, Senior Analyst at Current Analysis.

Description: In this Executive Roundtable, participants will discuss operator, vendor and association views on the industry outlook for small cells and Wi-Fi integration.

More information can be found at:

Towerstream Corporation owns, operates and leases a leading wireless infrastructure network consisting of thousands of nodes in several major U.S. markets. The company provides Wi-Fi and small cell network capabilities to cellular phone operators as well as tower, Internet and cable companies.

For more information about the Conference or to schedule a one-on-one meeting, please contact Towerstream's public relations representative Todd Barrish at 646-396-6090.

About Towerstream Corporation

Towerstream (Nasdaq: TWER) is a leading 4G and Wi-Fi/Small Cell Network provider. The company owns, operates, and leases Wi-Fi and Small Cell sites 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 and/or follow us @Towerstream.

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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 a small cell rooftop asset platform 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 MEDIA CONTACT: Todd Barrish Indicate Media 646-396-6090

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