Towerstream Adds Record Number of Buildings and Customers to Its On-Net Fixed Wireless Offering in Third Quarter of 2015
MIDDLETOWN, R.I., Oct. 13, 2015 (GLOBE NEWSWIRE) — Towerstream Corporation (NASDAQ:TWER), a Fixed Wireless Fiber Alternative provider, announced that 55 building installations were completed and 44 customers were added to its On-Net fixed wireless offering during the third quarter ended September 30, 2015. As a result, there were a cumulative total of 155 building installations completed and 142 customer connections as of September 30, 2015.
“There is increasingly strong demand from building owners and property managers for our On-Net broadband solution. Not only have they caught on to the superior value and service we are able to offer for their broadband needs, they also see the tremendous benefits of marketing the service to their existing and future tenants. As we head into Q4 and beyond, we see great opportunity ahead,” stated Jeff Thompson, CEO.An On-Net installation enables Towerstream to provide wireless broadband service to all businesses in a building as compared to the traditional approach of connecting one customer at a time. Building owners provide Towerstream access to its central data services room where the company installs Point-to-Point equipment capable of servicing the entire building rather than equipment only sufficient for one customer. As additional customers are secured in a building, the only action required is a cable run from the central data services room to the business’ information technology portal.Business tenants have access to 100 megabits per second of dedicated, non-oversubscribed, symmetrical Internet connectivity, backed by a leading SLA (service level agreement), at the industry’s lowest price of $699 per month.“The secret to Towerstream scaling our On-Net solution lies within the power of our fixed wireless network. Many years ago we had a vision to leverage wireless infrastructure technology to build a network high above each city unlike many traditional Telecom companies who use fiber. Today our network allows us to offer less expensive, faster Internet service with an industry leading SLA. Building managers and companies alike are realizing these unique benefits and proactively signing up for service,” stated Arthur Giftakis, SVP of Engineering & Operations.Building owners or property managers interested in learning more about Towerstream’s On-Net offering can get more information at: http://www.towerstream.com/property-ownerBusinesses interested in learning more about Towerstream’s 100Mbps for $699 promotion can visit: http://www.towerstream.com/promotions/100mbps-only-699moAbout Towerstream CorporationTowerstream Corporation (Nasdaq:TWER) is a leading Fixed Wireless Fiber Alternative company delivering high-speed Internet access to businesses. To date the company offers its broadband services in 12 urban markets including New York City, Boston, Los Angeles, Chicago, Philadelphia, the San Francisco Bay area, Miami, Seattle, Dallas-Fort Worth, Houston, Las Vegas-Reno, and the greater Providence area. In 2014, Towerstream launched its On-Net fixed wireless service offering building owners and property managers a redundant and reliable dense urban network that directly connects with Towerstream’s fiber backbone. On-Net building tenants have access to 100 Mbps of dedicated, symmetrical Internet connectivity, with a premier SLA, for an industry-leading price of $699/month. 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=6570About HetNets Tower CorporationHetNets Tower Corporation (“HetNets”) was formed in January 2013 as a wholly owned subsidiary of Towerstream Corporation (Nasdaq:TWER), and offers a neutral host, shared wireless infrastructure solution, either independently or as a turnkey service. Its wireless communications infrastructure is available to wireless carriers, cable and Internet companies in major urban markets where the explosion in mobile data is creating significant demand for additional capacity and coverage. HetNets offers a carrier-class Wi-Fi network for Internet access and the offloading of mobile data. Its street level rooftop locations are ideal for the installation of customer owned small cells including DAS, Metro and Pico cells. Other solutions provided by HetNets include backhaul, power, and related small cell requirements. More information is available at http://www.hetnets.com.Safe HarborCertain 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 small cell rooftop tower locations 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:
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