TowerStream Proposes Offering

TowerStream Corporation announces proposed public offering of common stock

May 29, 2007

1 Min Read

MIDDLETOWN, R.I. -- TowerstreamCorporation (TWER), a leading fixed WIMAX service provider deliveringhigh-speed Internet access to businesses, today announced its intention topublicly offer up to $40,000,000 of shares of its common stock in a publicoffering. Towerstream's common stock has been approved for listing on TheNASDAQ Capital Market and will be traded under the symbol TWER.

Lazard Capital Markets LLC is acting as the lead placement agent forthe offering. Canaccord Adams Inc. and Morgan Joseph & Co. Inc. are actingas co- placement agents with respect to the offering.

A registration statement relating to these securities has been filedwith the Securities and Exchange Commission but has not yet becomeeffective. These securities may not be sold nor may offers to buy beaccepted prior to the time the registration statement becomes effective.Copies of the prospectus relating to the proposed offering may be obtainedfrom Lazard Capital Markets LLC at 30 Rockefeller Plaza, 60th Floor, NewYork, NY 10020.

Towerstream Corp. (Nasdaq: TWER)

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