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Press Release -- June 16th, 2015
Source: twer
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Towerstream Adds Record Number of Buildings and Customers to Its On-Net Fixed Wireless Offering

Offers Tenants 100 Mbps of Symmetrical Internet Connectivity for $699

MIDDLETOWN, R.I., March 31, 2015 (GLOBE NEWSWIRE) -- Towerstream
(NASDAQ:TWER), a Fixed Wireless Fiber Alternative provider, announced the
addition of five buildings to its On-Net Fixed Wireless Service offering.
Businesses located in these buildings now have access to 100 Mbps of
dedicated, symmetrical Internet connectivity, backed by an industry leading
SLA (service level agreement), for $699 per month.

"We are excited to continue growing our portfolio of On-Net buildings in
response to strong demand from building owners, property managers, and
businesses," stated Jeffrey Thompson, CEO. "Fixedwireless connectivity has
proven to be faster than fiber, more reliable, and quicker to install. We plan
to continue adding On-Net locations throughout 2015."

"Internet connectivity options are viewed by current and prospective tenants
as a key feature of the services that our buildings provide," stated Michele
Campbell, building manager of Deco Tower Associates. "Offering best-of-class
services is critical to keeping our buildings at high occupancy levels and we
are pleased to be working with a top tier wireless provider like Towerstream."

On-Net buildings leverage Towerstream's fixed wireless network built high
above each city. The dense, mesh architecture is highly redundant and reliable
with short distance connections to Towerstream's fiber backbone in each city.
Building owners and property managers recognize the importance that current
and prospective tenants place on the quality of internet service provided at
their business location. As a result, they are providing access to their
network services room where Towerstream installs the equipment required to
provide every business at that location with 100 Mbps at a market-leading
price of $699 per month.

Businesses utilize the Internet to improve operating efficiencies. As
businesses continue to drive processes and systems to the cloud, their needs
for bandwidth capacity are rising exponentially. Towerstream's 100 Mbps
offering is designed to fully address the needs of every business at a price
only marginally higher than historically charged by traditional providers for
a T-1 connection which is only 1.5 Mbps.

Building owners or property managers interested in providing 100 Mbps of
Internet access to their business tenants can get more information
at:http://www.towerstream.com/property-owner

Businesses interested in finding out if your building is a Towerstream On-Net
building, click here: http://www.towerstream.com/promotions/100mbps-only-699mo

About Towerstream Corporation

Towerstream Corporation (NASDAQ:TWER) is a leading Fixed Wireless Fiber
Alternative company delivering high-speed Internet access to businesses. To
date the company offers its broadband services in 12 urban markets including
New York City, Boston, Los Angeles, Chicago, Philadelphia, the San Francisco
Bay area, Miami, Seattle, Dallas-Fort Worth, Houston, Las Vegas-Reno, and the
greater Providence area. In 2014, Towerstream launched its On-Net fixed
wireless service offering building owners and property managers a redundant
and reliable dense urban network that directly connects with Towerstream's
fiber backbone. On-Net building tenants have access to 100 Mbps of dedicated,
symmetrical Internet connectivity, with a premier SLA, for an industry-leading
price of $699/month.For more information on Towerstream services, please
visit www.towerstream.com and/or follow us @Towerstream.

The Towerstream Corporation logo is available at:
http://www.globenewswire.com/newsroom/prs/?pkgid=6570

About HetNets Tower Corporation

HetNets Tower Corporation ("HetNets") was formed in January 2013 as a wholly
owned subsidiary of Towerstream Corporation (NASDAQ:TWER), and offers a
neutral host, shared wireless infrastructure solution, either independently or
as a turnkey service. Its wireless communications infrastructure is available
to wireless carriers, cable and Internet companies in major urban markets
where the explosion in mobile data is creating significant demand for
additional capacity and coverage. HetNets offers a carrier-class Wi-Fi network
for Internet access and the offloading of mobile data. Its street level
rooftop locations are ideal for the installation of customer owned small cells
including DAS, Metro and Pico cells. Other solutions provided by HetNets
include backhaul, power, and related small cell requirements. More information
is available at http://www.hetnets.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, including,
without limitation, risk related to our ability to deploy and expand small
cell rooftop tower locations 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:
        
         Monica Gould
         The Blueshirt Group
         212-871-3927
         monica@blueshirtgroup.com
        
         MEDIA CONTACT:
        
         Todd Barrish
         Indicate Media
         917-861-0089
         todd@indicatemedia.com

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