Towerstream projected to add 100 On-Net buildings in Q4
October 13 2016 - 9:15AM
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.”
About Towerstream
Corporation
Towerstream Corporation is a leading
fixed-wireless fiber alternative company delivering high-speed
Internet access to businesses. The Company offers broadband
services in 12 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.
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 be correct.
Consequently, future events and actual results could differ
materially from those set forth in, contemplated by, or underlying
the forward-looking statements contained herein. The Company
undertakes no obligation to correct or update any forward-looking
statements, whether as a result of new information, future events
or otherwise.
INVESTOR CONTACT:
Terry McGovern
Vision Advisors
415-902-3001
mcgovern@visionadvisors.net
Towerstream (CE) (USOTC:TWER)
Historical Stock Chart
From Mar 2024 to Apr 2024
Towerstream (CE) (USOTC:TWER)
Historical Stock Chart
From Apr 2023 to Apr 2024