Towerstream Talks 4G and Wi-Fi Offload at the Open Mobile Summit

MIDDLETOWN, R.I., Oct. 28, 2011 (GLOBE NEWSWIRE) -- Towerstream Corporation (Nasdaq: TWER), a leading 4G service provider and Wi-Fi network operator, announced that its Chief Executive Officer, Jeff Thompson, will present at Open Mobile Media's Open Mobile Summit next week at the Marriot Marquis San Francisco.

"The Open Mobile Summit connects the most influential and the most innovative in the entire mobile Internet ecosystem for a C-level conversation about the future," said Robin Batt, founder of Open Mobile Media Ltd. "We're delighted that Jeff Thompson will be speaking this year".

Mr. Thompson's presentation titled, "Wi-Fi Offload: The Key to Mobile Content Delivery" will discuss how to build intelligent, robust Wi-Fi networks in our largest cities specifically focused on ensuring the consumer smartphone/tablet experience not only lives up to the hype but far surpasses it.

Other speakers at the Open Mobile Summit this year include David Small, CTO - Verizon Wireless, Stephen Bye, CTO - Sprint, Rob Glaser, Chairman - Real Networks, Albert Cheng, EVP Digital -  ABC/Disney, Tom Conrad, CTO - Pandora, Masaaki Maedo, CEO - Docomo USA, Kim Larsen, SVP Technology Economics - Deutsche Telekom and over 100 more.

The Towerstream presentation takes place on Wednesday, November 2, 2011 at 3:15 p.m., PDT. For more information on the Open Mobile Summit, please visit http://www.openmobilesummit.com/index.aspx.

About Towerstream Corporation

Towerstream is a leading 4G service provider in the U.S., delivering high-speed wireless Internet access to businesses. Founded in 2000, the Company has established networks in over 12 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 where the Company is based.  In 2011, Towerstream launched its Manhattan Wi-Fi network geared towards mobile operators, retail/daily deal providers and Wi-Fi operators. For more information, visit our website at www.towerstream.com or follow us on Twitter @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. 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.

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