Towerstream appoints Ernest Ortega as CEO alongside Philip Urso as Chairman of the Board of Directors

– USA, RI – Towerstream Corporation (NASDAQ / OTCQB:TWER), a Fixed Wireless Fiber Alternative Provider, announced today the appointment of Mr. Ernest Ortega as Chief Executive Officer. Mr. Ortega succeeds Mr. Philip Urso who has served as the Company’s Interim Chief Executive Officer since February 2016 and will continue to serve as Chairman of the Board of Directors.

Mr. Ortega most recently held the Chief Revenue Officer position at Colt Technology Services where he was responsible for a salesforce of more than 700 individuals. Prior to that he held the Chief Revenue Officer position at Cogent Communications (Nasdaq:CCOI) where he was responsible for a salesforce of more than 300 individuals. Prior to that he served as Executive Vice President of Sales and Marketing at XO Communications.

“Mr. Ortega’s experience and performance in increasing sales productively at Cogent Communications and most recently at Colt Technology Services is what attracted us to him as a candidate. He brings what is needed to transform our Company,” continued Mr. Urso. “He has been a consultant to our Board for just over a year and we have valued his insights. He has seen first-hand what our network can do and sees a big opportunity at Towerstream.”

“I am incredibly excited to join Towerstream,” said Mr. Ortega. “The Company has all of the key components available today to support exponential growth. It already has an established and reliable fixed-wireless infrastructure in twelve of our Nation’s largest urban markets. Towerstream can deliver fiber-like multi-gig service to new customers in a matter of days, not months, and for minimal capital cost. I believe the opportunity for Towerstream to scale its market position is boundless.”

“Mr. Ortega’s previous roles in this industry provides him with a great perspective of the advantages fixed wireless has in the market place. I am excited about the growth to monetize the carrier class fixed wireless network in place today,” said Arthur Giftakis, Chief Operating Officer of Towerstream. “Mr. Ortega has a long history of demonstrated ability to grow revenues.”

About Towerstream Corporation

Towerstream Corporation (OTCQB:TWER) is a leading Fixed-Wireless Fiber Alternative company delivering high-speed Internet access to businesses. The Company offers broadband services in twelve urban markets including New York City, Boston, Los Angeles, Chicago, Philadelphia, the San Francisco Bay area, Miami, Seattle, Dallas-Fort Worth, Houston, Las Vegas-Reno, and the greater Providence area.

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