Towerstream Appoints Joseph Hernon as Chief Financial Officer

Proven executive chosen to help manage next phase of growth

MIDDLETOWN, R.I., May 20 /PRNewswire-FirstCall/ -- Towerstream
(Nasdaq: TWER), a leading fixed WiMAX service provider, today announced that
Joseph Hernon has joined the Company as Chief Financial Officer (CFO). This
addition strengthens Towerstream's already experienced and effective
management team as it continues to execute on its growth strategy.
"We conducted an extensive CFO search to find the right individual to help
Towerstream through our next period of growth -- and I feel confident that
we've found that person in Joe Hernon," said Jeff Thompson, President and
Chief Executive Officer of Towerstream. "In his previous positions, Joe
gained tremendous experience in finance, operations and managing the assets of
a public company. We welcome the value Joe will add to Towerstream's senior
management team."
Prior to joining Towerstream, Hernon served as the CFO of Aqua Bounty
Technologies, Inc., a public biotechnology company where he was part of the
management team which completed an initial public offering in 2006.
Previously, he was the CFO of Alseres Pharmaceuticals, (formally Boston Life
Sciences Inc.), a Nasdaq listed, biopharmaceutical company, and Senior
Business Assurance Manager at PricewaterhouseCoopers, L.L.P., an international
auditing, tax, and consulting firm. Hernon is a certified public accountant
and holds an M.S. degree from Bentley College and a B.S. degree from the
University of Lowell-Massachusetts.
Towerstream's 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. Towerstream currently serves businesses of all sizes in New York,
Chicago, Los Angeles, Seattle, Boston, San Francisco, Miami, Dallas-Fort Worth
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://www.towerstream.com. For sales inquiries, please call 866-848-5848; or
visit: http://www.towerstream.com/index.asp?ref=support.
About Towerstream
Towerstream is a leading fixed WiMAX service provider in the U.S.,
delivering high-speed Internet access to businesses. Founded in 2000, the
company has established networks in such markets as New York City, Los
Angeles, Miami, Chicago, Seattle, the San Francisco Bay Area, Dallas-Fort
Worth, and 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.
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 Towerstream

INVESTOR CONTACT, Terry McGovern of Vision Advisors for Towerstream,
+1-415-902-3001, mcgovern@visionadvisors.net; or MEDIA CONTACT, Todd Barrish,
todd@dukaspr.com, or Amanda Lordy, Amanda@dukaspr.com, both of Dukas Public
Relations for Towerstream +1-212-704-7385