Premier Fixed Wireless Broadband Provider to Begin Trading on the OTC Bulletin Board on January 26, 2007
MIDDLETOWN, R.I., Jan. 25 /PRNewswire-FirstCall/ -- Towerstream, a leading fixed wireless Internet provider announced that the company's common stock will begin trading on the OTC Bulletin Board under the symbol TWER. The stock will begin trading tomorrow January 26, 2007 upon the opening of the market.
"This is a very important milestone for Towerstream. We have a tremendous opportunity to grow our WiMAX solutions and the entry into the public markets provides us the financing necessary to continue our growth and execute our strategy to be a leader in our space," said Jeff Thompson, CEO of Towerstream. "We look forward to growing our sales force, building into new markets and expanding our product offerings to better serve small, medium and enterprise businesses looking for an alternative to traditional landline bandwidth solutions."
Towerstream's provides a range of bandwidth options to choose from, including T1, T3, 100 and 1000 Mbps connections as well as service reliability backed by a 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, Boston, San Francisco 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://towerstream.com/areas.asp.
About Towerstream
Towerstream is a leading fixed wireless service provider in the U.S., delivering high-speed Internet access to businesses. Founded in 2000, the company has established pre-WiMAX networks in such markets as New York City, Los Angeles, Chicago, San Francisco, Seattle, 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. For more information on Towerstream, please visit their website at: http://www.towerstream.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. 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
CONTACT: MEDIA CONTACT - Kristin Conforti of Dukas Public Relations,
+1-516-320-6839, Kristin@dukaspr.com; or INVESTOR CONTACT - Terry McGovern of
Vision Advisors, +1-415-902-3001, mcgovern@visionadvisors.net
Web site: http://www.towerstream.com/
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