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TheStreet Open House

Head Of The Charles Regatta Race-Timing System To Be Powered By Towerstream Wireless Broadband Connectivity

CAMBRIDGE, Mass., Oct. 19, 2012 (GLOBE NEWSWIRE) -- Towerstream (Nasdaq:TWER), a leading 4G and Wi-Fi/Small Cell Network provider, today announced it will provide high-speed wireless broadband connectivity to the 48 th Annual Head Of The Charles Regatta – the world's largest rowing event, taking place October 20-21 on Boston's famed Charles river.

"The Head Of The Charles attracts more than 300,000 spectators cheering on the 9,000 athletes participating in 55 race events each year," said Fred Schoch, the Regatta's Executive Director."Because of the size and scale of our event, we really have to rely on a powerful and responsive internet connection. Partnering with Towerstream to ensure seamless connectivity was an easy choice for us. The Regatta is a world class event, and we need an internet connection delivering on that standard."

Towerstream's wireless broadband connectivity will be used by the Regatta operations staff to support the event's crucial race-timing system. The broadband connectivity will allow the system to not only track each split station times and supply accurate results in real time, it is also used by participants to measure outcomes, organize award presentations and communicate effectively along the three mile course. Additionally, sponsors and vendors will use the connectivity for promotions and sales opportunities.

Towerstream CEO Jeff Thompson said, "Towerstream takes great pride and satisfaction working with the Head Of The Charles Regatta. Our broadband connectivity will allow all parties involved, access to a strong and reliable wireless Internet connection.

More information on the Head Of The Charles Regatta can be found at http://hocr.org

About the Head Of The Charles ® Regatta

In its 48 th year, the Head Of The Charles Regatta is the world's largest two-day regatta, attracting more than 9,000 rowers and 300,000 spectators to the banks of the Charles River. Racing takes place on Saturday October 20 and Sunday October 21 between the hours of 8 a.m. and 5:00 p.m. The Regatta attracts youth, collegiate, masters, international, world champion and Olympic athletes competing in 55 events. Follow the HOCR on Facebook and Twitter.

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 www.towerstream.com  and/or follow us @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, 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: MEDIA CONTACT:
         Todd Barrish
         Indicate Media
         646-396-6090
         todd@indicatemedia.com
         
         Casey Ford
         Elevate Communications
         617-861-3657
         cford@elevatecom.com

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