Towerstream To Report Fourth Quarter 2010 Financial Results On March 17, 2011

MIDDLETOWN, R.I., March 3, 2011 (GLOBE NEWSWIRE) -- Towerstream (Nasdaq:TWER), a leading 4G service provider, announced that financial results for the fourth quarter ended December 31, 2010 will be released on Thursday, March 17, 2011 following the market close.

A conference call to discuss results for the fourth quarter 2010 will be held on March 17, 2011 at 5:00 p.m. ET, during which President and Chief Executive Officer, Jeff Thompson, and Chief Financial Officer, Joseph Hernon, will review the Company's financial results and provide an update on current business developments.

Investors and other interested parties may access the earnings call as follows:  

Dial-in numbers:	877-664-7392, for U.S. callers; 678-894-3061 for international callers
Internet:	An audio webcast will be accessible at: http://ir.towerstream.com/eventdetail.cfm?eventid=93590
Telephone replay:	Thursday, March 17, 2011 at 8:00 p.m. ET until Thursday, March 24, 2011 at 11:59 p.m. ET   Dial in number: 800-642-1687 for U.S. callers; 706-645-9291 for international callers; Conference ID: 48863608 for all callers

About Towerstream Corporation

Towerstream is a leading 4G service provider in the U.S., delivering high-speed wireless Internet access to businesses. Founded in 2000, the Company has established networks in 11 markets including New York City, Boston, Los Angeles, Chicago, Philadelphia, the San Francisco Bay area, Miami, Seattle, Dallas-Fort Worth, Nashville, and the greater Providence area where the Company is based. For more information, visit our website at www.towerstream.com or follow us on Twitter @Towerstream.

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

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 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
         [e-mail]
         
         MEDIA CONTACT:
         Matt Calderone
         LaunchSquad Public Relations
         212-564-3665
         [e-mail]