Towerstream Launches High Availability Fixed Wireless Broadband Solution in Seattle; Continuing Expansion to Largest U.S. Cities

8 February 2007

Towerstream (OTC Bulletin Board: TWER.OB), a leading fixed wireless Internet provider, today announced the launch of its Hi-Vi T1+ wireless broadband solution in the Seattle metropolitan area. The company has acquired Speakeasy's wireless broadband network assets in Seattle, enabling Towerstream to deliver high availability wireless broadband to area businesses with 99.999% reliability for a fraction of traditional carrier costs. The Company will also partner with Speakeasy, a national small business-focused voice and data services provider, for distribution of fixed wireless broadband services in major cities throughout the country.

Towerstream establishes its seventh wireless network with five Points-of-Presence (PoP) in downtown Seattle allowing businesses within the metro area to receive wireless broadband access with last mile availability (99.999% uptime). Through the distribution agreement, Speakeasy will also gain access to a wireless broadband footprint in all seven major metropolitan markets that Towerstream currently serves.

"Our launch in Seattle not only expands our west coast presence offering businesses a more flexible, robust alternative to traditional wireline services, but also aligns us with Speakeasy, a proven leader in SMB communications," said Jeff Thompson, Founder and CEO of Towerstream. "We continue to execute on our model of delivering fast, reliable, and feature-rich wireless broadband solutions in the nation's largest markets with zero dependence on the phone company. By forming a strategic relationship with Speakeasy, we are able to explore new opportunities in product innovation as well as expand our competitive advantage."

"As an industry leader in small business voice and data services, our partnership with Towerstream delivers on our strategy of providing a suite of services for small business customers including wireline and wireless," said Bruce Chatterley, CEO of Speakeasy. "Our expertise in delivering integrated voice and data services, our brand and our excellence in customer service brings significant value to this relationship. By bringing two industry leaders together, we are delivering compelling communications alternatives to big Telco solutions."

Towerstream's Seattle customers have a range of bandwidth options to choose from, including T1, T3, 100 and 1000 Mbps connections as well as service reliability backed by an industry-leading Service Level Agreement (SLA) and a no-risk, money-back guarantee. Towerstream's fixed 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. In addition to Seattle, Towerstream currently serves businesses of all sizes in New York, Chicago, Los Angeles, Boston, San Francisco and Providence/Newport.

Towerstream also offers a Rapid Installation Program which guarantees installation within 48 hours. For a map of the regions covered by Towerstream's service, please visit http://towerstream.com/areas.asp.

About Towerstream

Towerstream is a leading fixed wireless service provider in the U.S., delivering high-speed Internet access to businesses. Founded in 2000, the company has established pre-WiMAX networks in such markets as New York City, Los Angeles, Chicago, San Francisco, Seattle, 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: http://www.towerstream.com.

About Speakeasy

Speakeasy, one of the nation's largest independent broadband services providers is focused on meeting the voice, data, and IT needs of smaller businesses. Speakeasy manages its own private fiber-optic national network, ensuring fast connections, low latency, and an unparalleled degree of security and protection from the public Internet. Speakeasy offers a full range of innovative services, including Voice over IP (VoIP), Managed Hosting and Colocation, OneLink(TM) dedicated DSL, Business Class T1 and multiple business-grade connectivity options. Customers rave about the personalized and highly competent support they receive from Speakeasy's Seattle-based customer service team. Speakeasy's services are available in most metropolitan areas within the 48 contiguous United States. Those interested in Speakeasy can visit http://www.speakeasy.net or call 800.556.5829.

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.

Source: prnewswire