CHICAGO and MIDDLETOWN, R.I., June 18 /PRNewswire-FirstCall/ -- Towerstream Corporation , a leading fixed wireless service provider, today announced executive participation in educational sessions at NXTcomm 2007 and Fierce Wireless' WiMAX Strategies 2007, co-located with NXTcomm in Chicago. Both Jeff Thompson, President and CEO and Arthur Giftakis, Vice President of Engineering and Operations will present as featured panelists.

In addition, Towerstream will be honored by New Paradigm Resources Group and Telephony Magazine for its achievements in delivering innovative wireless broadband solutions to businesses. The company will receive the "Communications Innovators Award" for Most Innovative Deployment of Broadband Wireless, at a ceremony on June 19, during the NXTComm show.

Mr. Thompson is considered an expert in WiMAX deployments and the emerging 802.16 standard. Thompson will present at NXTcomm on June 18, and share his business and technology experience as well as Towerstream's success in delivering reliable wireless broadband to the largest cities in the U.S.

Arthur Giftakis, Towerstream's Vice President of Engineering and Operations, will be speaking on a panel at WiMAX Strategies on June 21. Mr. Giftakis has spoken in several forums on the future of telecommunications with fixed wireless and has more than 15 years of experience with advanced solutions in telecommunications.

Event Details: Panel: "WiMax Mesh and Open Networks -- A New Model for Cost-Effective Network Deployment" When: June 18, 2007; 2:45 PM CDT Where: NXTcomm; McCormick Place Convention Center, Chicago, IL Speaker: Jeff Thompson, President and CEO Panel: "Reality Check -- Early WiMAX Development" When: June 21, 2007; 2:15 CDT Where: WiMAX Strategies; McCormick Place Convention Center, Chicago IL Speaker: Arthur Giftakis, VP of Engineering and Operations For more information please visit http://www.towerstream.com/. 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 markets such as New York City, Los Angeles, Chicago, San Francisco, Seattle, Miami, the greater Boston area, and Providence and Newport, RI, and continues to expand coverage throughout the United States. 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, please visit 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.

CONTACT: Media, Kristin Conforti of Dukas Public Relations,
+1-516-320-6839, Kristin@dukaspr.com; or Investors, Terry McGovern of Vision
Advisors, +1-415-902-3001, mcgovern@visionadvisors.net

Web site: http://www.towerstream.com/