Towerstream projected to add 100 On-Net buildings in Q4

MIDDLETOWN, R.I., Oct. 13, 2016 (GLOBE NEWSWIRE) — Towerstream Corporation (NASDAQ:TWER) (the “Company”), a leading fixed-wireless fiber alternative company offers guidance.

  • Towerstream is on track to add 100 buildings to its On-Net footprint in Q4, 22% over Q3 building additions, for a total of 437 buildings On-Net at the end of Q4. 
     
  • This brings the total number of businesses available to procure On-Net services within the Company’s On-Net buildings to over 13,000.  This is a   30% increase from Q3.
     
  • September contracts when installed are expected to total over $780,000 in annualized revenue.        

Management Comments

“There is a direct relationship in sales growth to the number of buildings On-Net,”  stated Philip Urso, interim chief executive officer.

“Fixed-wireless technology inherently provides a competitive advantage,” stated Arthur Giftakis, chief operating officer.  “The speed at which we can add buildings at our low cost also gives us a superior advantage over fiber and cable.”

CONTACT: INVESTOR CONTACT:
Terry McGovern
Vision Advisors
415-902-3001
mcgovern@visionadvisors.net

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