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Towerstream Appoints Joseph Hernon as Chief Financial Officer

5/20/08 - Towerstream (Nasdaq: TWER), a leading fixed WiMAX service provider, announced that Joseph Hernon has joined the Company as Chief Financial Officer (CFO). This addition strengthens Towerstream's already experienced and effective management team as it continues to execute on its growth strategy.

"We conducted an extensive CFO search to find the right individual to help Towerstream through our next period of growth -- and I feel confident that we've found that person in Joe Hernon," said Jeff Thompson, President and Chief Executive Officer of Towerstream. "In his previous positions, Joe gained tremendous experience in finance, operations and managing the assets of a public company. We welcome the value Joe will add to Towerstream's senior management team."

Prior to joining Towerstream, Hernon served as the CFO of Aqua Bounty Technologies, Inc., a public biotechnology company where he was part of the management team which completed an initial public offering in 2006. Previously, he was the CFO of Alseres Pharmaceuticals, (formally Boston Life Sciences Inc.), a Nasdaq listed, biopharmaceutical company, and Senior Business Assurance Manager at PricewaterhouseCoopers, L.L.P., an international auditing, tax, and consulting firm. Hernon is a certified public accountant and holds an M.S. degree from Bentley College and a B.S. degree from the University of Lowell-Massachusetts.

Towerstream's customers have a range of bandwidth options to choose from, including T1, T3, 100 and 1000 Mbps connections as well as service reliability backed by an industry-leading Service Level Agreement (SLA) and a no-risk, money-back guarantee. Towerstream's fixed wireless broadband network delivers high-speed Internet access supporting VoIP, bandwidth on demand, wireless redundancy, VPNs, disaster recovery, bundled data, and video services. Companies utilizing multiple appliances simultaneously, such as streaming video and VoIP, can prioritize their bandwidth to secure mission-critical activities. Towerstream currently serves businesses of all sizes in New York, Chicago, Los Angeles, Seattle, Boston, San Francisco, Miami, Dallas-Fort Worth and Providence/Newport. Towerstream also offers a Rapid Installation Program which guarantees installation within 48 hours.


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Keywords: wireless broadband network, boston life sciences, boston life sciences inc, certified public accountant, senior management team, aqua bounty, international auditing, life sciences inc, bandwidth options, money back guarantee, cfo search, Wireless VOIP

By Robert Hoskins

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