CEO and WiMAX Expert, Jeff Thompson, to Speak at Event in New York City MIDDLETOWN, R.I., May 9 /PRNewswire-FirstCall/ -- Towerstream (OTC:TWER.OB) (BULLETIN BOARD: TWER.OB) , a leading fixed WiMAX service provider, announced today that its President and CEO, Jeff Thompson, will participate in the Oppenheimer "Mobility: Moving Beyond Voice" investor conference in New York City on May 15, 2007. Having spoken at major industry events throughout the United States and globally, Mr. Thompson will share with the investor community his business experience and Towerstream's success in delivering reliable wireless broadband to the largest cities in the U.S. His presence at the Oppenheimer conference will help further educate investors about the potential of widespread WiMAX proliferation both in the U.S. and around the world. Event Details: Oppenheimer "Mobility: Moving Beyond Voice" When: May 15, 2007; 11:20-11:50 AM EDT Where: Jolly Hotel, Madison Towers, 22 E 38th St, New York City For more information please visit http://www.towerstream.com/. About Towerstream Towerstream (OTC:TWER.OB) (BULLETIN BOARD: TWER.OB) 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, R.I., and continues to expand coverage throughout the country. 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 on Towerstream, please visit the website at: 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. DATASOURCE: Towerstream CONTACT: Media, Kristin Conforti of Dukas Public Relations, +1-516-320-6839, or ; or Investors, Terry McGovern of Vision Advisors, +1-415-902-3001, or Web site: http://www.towerstream.com/

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