Key Developments For Towerstream Corporation
Towerstream Corporation (TWER.O) (Consolidated Issue listed on NASDAQ Capital Market)
Towerstream Corporation Issues Q4 2009 Outlook; Revenue Outlook Below Analysts' Estimates
Towerstream Corporation announced that for the fourth quarter of 2009, it expects revenues to range between $4.0 to $4.1 million and adjusted EBITDA loss to range between $0.2 to $0.3 million, excluding $0.1 million that the Company expects to spend related to efforts to secure grants under the U.S. Government's Broadband Stimulus program. According to Reuters Estimates, analysts on an average were expecting the Company to report revenue of $4.2 million for the same period.
Towerstream Corporation Issues Q3 2009 Guidance; Revenue Guidance Slightly Below Analysts' Estimates
Towerstream Corporation announced that for the third quarter of 2009, it expects revenue to be in the range of $3.85-$3.95 million and adjusted EBITDA loss to be in the range of $0.5-$0.6 million, excluding $0.1 million that the Company expects to spend related to efforts to secure grants under the U.S. Government's Broadband Stimulus program. According to Reuters Estimates, analysts are expecting the Company to report revenues of $4.00 million for the same period.
Towerstream Corporation Expands Los Angeles Network To Include Burbank
Towerstream Corporation announced that it has extended the coverage area of its Los Angeles wireless broadband network to include Burbank, CA. As a result, additional companies in the Los Angeles area will now have access to Towerstream's wireless business Internet service.
Towerstream Corporation Continues Extension of Chicago Network Coverage To Include Oakbrook
Towerstream Corporation announced it has extended the coverage area of its Chicago wireless broadband network to include Oakbrook, Ill, following the Company's recent extension to cover Evanston, Ill. As a result, additional companies in the Chicago area will now have access to the Company's high-speed, wireless business Internet service.
Towerstream Corporation to Power Internet Week New York Event
Towerstream Corporation announced it will be supplying its high-speed, wireless business broadband connectivity for Event Horizons, an Internet Week event, through an agreement with Box of Rain, a New York-based business development consulting firm specializing in media out of home and Interactive media. Towerstream will be providing eight mbps of its symmetrical bandwidth to Event Horizons, enabling: Interactive communications between onsite and online attendees and Download of HD content for attendees. Towerstream will also provide service for Kids Play Tunes, a charity event supporting music education and awareness of music in New York City schools.
