TOWERSTREAM CORP
			Symbol			TWER

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Towerstream Reports That Seattle Market Has Reached EBITDA Profitability

2009-11-05 14:30 ET - News Release

MIDDLETOWN, R.I., Nov. 5, 2009 (GLOBE NEWSWIRE) -- Towerstream (Nasdaq:TWER), a leading wireless Internet service provider, announced that it has reached EBITDA profitability in its Seattle market. It becomes the eighth of the Company's nine markets to reach this milestone.

"We are gratified to see the value of our products recognized by Seattle businesses as Seattle is widely recognized as one of the most technology savvy markets in the country," said Jeff Thompson, President and Chief Executive Officer of Towerstream. "Our continued progress demonstrates the leverage of our business model and the predictability of our revenue stream."

"Seattle reached EBITDA profitability due to both a steady increase in revenues and lower operating costs, primarily related to headcount reductions announced in June," stated Joseph Hernon, Chief Financial Officer of Towerstream. "It is important to note that EBITDA profitability and Market Cash Flow are not recognized measures under generally accepted accounting principles. We utilize these metrics to measure the operational performance of our markets, and their respective ability to contribute cash flow to support centralized operating and corporate overhead costs."

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