Towerstream Adds Ernest Ortega to Board of Advisors 

MIDDLETOWN, R.I., Jan. 07, 2016 (GLOBE NEWSWIRE) -- Towerstream Corporation (NASDAQ:TWER), a Fixed Wireless Fiber Alternative provider, announced that it has added Ernest Ortega, formerly Chief Revenue Officer at Cogent Communications, to its Board of Advisors.

Mr. Ortega is the current Senior Vice President of Sales North America at Colt Technology Services, responsible for all North American sales initiatives. He was previously Chief Revenue Officer at Cogent Communications and prior to that served as Executive Vice President of Sales and Marketing at XO Communications.

“Ernest brings a wealth of relevant experience and achievement that directly benefits Towerstream’s On-Net strategy,” said Jeff Thompson, CEO. "Not only did Ernest build one of Cogent's largest sales forces for its On-Net offering, he significantly increased productivity while stabilizing employee turnover during his tenure. Ernest’s guidance and expertise will accelerate our growth strategy and it’s a great pleasure to have him join our team.”

“Towerstream has all of the key components needed to rapidly grow its On-Net offering. First, with its fixed-wireless footprint in dense urban markets, Towerstream can light a building with fiber-like multi-gig service in a matter of days, not months, and, for much less capital cost,” said Ernest Ortega. “The final step in the process is to ensure that we develop an aggressive go-to-market strategy to leverage Towerstream’s On-Net assets as well as taking advantage of their speed-to-market building initiative. I believe the opportunity for Towerstream to scale its On-Net offering is endless.”

About Towerstream Corporation

Towerstream 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.

About HetNets Tower Corporation

HetNets 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-Finetwork 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 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, 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.

INVESTOR CONTACT:
 
Monica Gould
The Blueshirt Group
212-871-3927
[email protected]
 
MEDIA CONTACT:
 
Todd Barrish
Indicate Media
917-861-0089
[email protected]