BNET Industries
Market Cap:$29.0M
Last Fiscal Year Sales:$6.2M
- Public
- US
Dow Jones Description
Towerstream Corporation ("Towerstream", "we", "us", "our" or the "Company") provides fixed wireless broadband services to commercial customers based on a monthly recurring revenue model. We provide customers high speed Internet access over a fixed wireless network transmitting over both regulated and unregulated radio spectrum. Our service supports bandwidth on demand, wireless redundancy, virtual private networks ("VPNs"), disaster recovery, bundled data and video services. We provide service to approximately 1,400 business customers in New York City, Boston, Chicago, Los Angeles, San Francisco, Seattle, Miami, Dallas-Fort Worth, Providence and Newport, Rhode Island.
President, Chief Executive Officer, Treasurer, Secretary and DirectorPaul Pedersen
Number of Employees 50
Contact Information
55 Hammarlund Way
Middletown, Rhode Island 02842
(401) 848-5848
NAICS Code Wireless Telecommunications Carriers (except Satellite): 5172
Recent Events
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Towerstream Reports Strong Customer Installations in Q1
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Towerstream to Report First Quarter 2009 Financial Results on May 6, 2009
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Towerstream Announces Record Revenues for the Fourth Quarter 2008 with Sequential...
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Towerstream to Report Fourth Quarter 2008 Financial Results on March 18, 2009
News & Analysis
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towerstream - All News and Analysis
Towerstream Trading Below Cash
Asif Suria submits: The 12% surge in the Dow over three trading sessions was certainly welcome but has hardly alleviated the level of anxiety felt by most investors as it could easily turn out to be a bear market rally. It is interesting to see from the adjacent table...
TowerStream Adds Prominent Clients, Revenue Jumps 53%
Asif Suria submits: Commercial wireless internet service provider TowerStream Corp TWER, which was featured in the July 2008 edition of our investment newsletter, reported second quarter results after market close yesterday with revenue increasing a better than expected 53% to $2.49 million when compared to the second quarter of...
TowerStream Corporation Q4 2007 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions. Your first question comes from the line of David Lambert from Canaccord Adams. Please proceed. David Lambert – Cannaccord Adams Thank you. HI, Jeff. Just on churn can you break it down I assuming that something – you calculate your churn as a percentage of...
Towerstream Applauds FCC Spectrum 3650 MHz Band Decision
To: TECHNOLOGY EDITORSContact: Media Contact, Kristin Conforti of Dukas Public Relations, +1-516-320-6839, Kristin@dukaspr.com; or Investor Contact, Terry McGovern of Vision Advisors, +1-415-902-3001, mcgovern@visionadvisors.net, both for Towerstream MIDDLETOWN, R.I., June 8 /PRNewswire-FirstCall/ -- (Nasdaq: TWER) On Thursday, June 7, the Federal Communications Commission FCC announced its decision to uphold its 2005...
Exploring the Future Trends of TowerStream Corporation.
M2 PRESSWIRE-4 June 2007-Growth Stock News: Exploring the Future Trends of TowerStream CorporationC1994-2007 M2 COMMUNICATIONS LTD RDATE:04062007 Using WiMax technology and antennas perched on buildings such as the Empire State Building and the MetLife Building, TowerStream provides wireless broadband network services...
STRATEGY ANALYTICS WiMAX Operator Assessment
Clearwire and Towerstream Not For the Risk-Averse BOSTON -- The Strategy Analytics Broadband Network Strategies analysis of WiMAX providers Clearwire and Towerstream suggests that their recent public offerings-- rare among US wireless broadband service providers--are a necessary, but insufficient, step toward market success. The report, "WiMAX Service Providers Go...
STRATEGY ANALYTICS WiMAX Operator Assessment; Clearwire and Towerstream Not For the Risk-Averse.
M2 PRESSWIRE-28 March 2007-Strategy Analytics, Inc.: STRATEGY ANALYTICS WiMAX Operator Assessment; Clearwire and Towerstream Not For the Risk-AverseC1994-2007 M2 COMMUNICATIONS LTD RDATE:28032007 Boston, MA - The Strategy Analytics Broadband Network Strategies analysis of WiMAX providers Clearwire and Towerstream suggests that ...
Stockioi.coms watch list for: Monday, March 14, 2007 - (OTCBB: CSOF), (OTCBB: FGWI), (OTCBB: TWER), (OTCBB: NMXC), (OTCBB: MENV), and (OTCBB: TEWW) .
M2 PRESSWIRE-14 March 2007-stockioi: Stockioi.coms watch list for: Monday, March 14, 2007 - (OTCBB: CSOF), (OTCBB: FGWI), (OTCBB: TWER), (OTCBB: NMXC), (OTCBB: MENV), and (OTCBB: TEWW) .C1994-2007 M2 COMMUNICATIONS LTD RDATE:14032007 New York - Stockioi.com's Alerts for Tuesday include: Ningbo ...
While Ningbo Binbin Stationery Co., Ltd. Completes Production, Others Sign Contracts, Launch New Product, Consider Joint Venture, and Complete Redesign.
M2 PRESSWIRE-14 March 2007-Stockguru.com: While Ningbo Binbin Stationery Co., Ltd. Completes Production, Others Sign Contracts, Launch New Product, Consider Joint Venture, and Complete RedesignC1994-2007 M2 COMMUNICATIONS LTD RDATE:14032007 Dallas, Texas - StockGuru Pre-Market Updates for Wednesday include Titan Energy Worldwide,...
WiMAX VOIP
VoIP will not be an out-of-the-box application for most first stage WiMAX equipment, but progress is being made rapidly in this area. We have already seen Airspan acquiring Arelnet in order to incorporate VoIP into its equipment without the need for expensive add-ons. This week saw some more interesting...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Paul Pedersen | President, Chief Executive Officer, Treasurer, Secretary and Director |
| Philip Urso | Chief Executive Officer |
| Bruce Grinnell | Chief Operating Officer |
| Edward Grinnell Bruce | Chief Operations Officer |
| George E Kilguss | Chief Financial Officer |
| Joseph P Hernon | Chief Financial Officer |
| Maria Perry | Interim Chief Financial Officer |
| Mel Yarbrough | Chief Revenue Officer |
| Arthur G Giftakis | Vice President of Engineering and Operations |
| Philip Mongada | Vice President of Human Resources |
| Jeff Thompson | Co-Founder |
| Howard L. Haronian | Director |
| Paul Koehler | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Bill Bush | Audit Committee Chairman |
| Organization | Position | Status |
|---|---|---|
| Towerstream Corp | President, Chief Executive Officer, Treasurer, Secretary and Director | Current |
| Organization | Position | Status |
|---|---|---|
| Towerstream Corp | Chief Executive Officer | Current |
| Towerstream Corp | Founder, Chairman | Current |
| Citadel Broadcasting Company | President | Former |
| Efortress | Founder | Former |
| McF Communications, Inc | Founder | Former |
| Northwestern University | B.A. | Former |
| Organization | Position | Status |
|---|---|---|
| Towerstream Corp | Chief Operating Officer | Current |
| VBS Inc., Material Handling Equipment | Chief Operating Officer & Vice President of Operations | Former |
| Krannert School of Management at Purdue University | Master of Science In Industrial Administration | Former |
| Organization | Position | Status |
|---|---|---|
| Towerstream Corp | Chief Operations Officer | Current |
"George E. Kilguss III leads the Company's Accounting, Finance, Purchasing, Financial Planning and Analysis functions. He has significant financial management, operations and development experience in publicly traded and privately-held technology companies as well as the investment banking sector. Prior to joining Internap, Mr. Kilguss served as the Chief Financial Officer of Towerstream Corporation, which delivers high speed wireless Internet access to businesses in major metropolitan markets using WiMAX microwave access. While at Towerstream, he orchestrated the company’s initial public offering, was integral to the development and execution of the strategic plan, and raised the necessary capital to enable the company to enter eight new markets with an enhanced product line and a new distribution model. Before Towerstream, Mr. Kilguss was the Chief Financial Officer of Stratos Global Corporation in Toronto, Ontario, providing remote communications products including mobile and fixed satellite and microwave services to more than 20,000 customers worldwide. Mr. Kilguss also has had hands-on experience with capital markets and a wide variety of merger and acquisition activities across industries. As a partner at Riparian Partners and a Vice President at Fleet Financial Group’s Investment Bank, he was active in all aspects of investment banking including valuations, mergers and acquisitions, private placements, and debt structuring. Mr. Kilguss holds an MBA in finance and accounting from the University of Chicago’s Graduate School of Business in Chicago, Illinois, and a bachelor’s degree in Economics and Finance from the University of Hartford in West Hartford, Connecticut. "
| Organization | Position | Status |
|---|---|---|
| Internap Network Services Corporation | Chief Financial Officer | Current |
| Towerstream Corp | Chief Financial Officer | Current |
| Stratos Global Corporation | Chief Financial Officer | Former |
| Stratos Global Corporation | Executive Vice President | Former |
| Bank of Boston | Former | |
| Fleet Co | Former | |
| Stratos Global Corporation | Member of the Board of Directors | Former |
| University of Chicago | MBA | Former |
| University of Hartford | BS In Economics and Finance | Former |
Joseph joined the Company as Chief Financial Officer (CFO) in May 2008. Prior to joining Towerstream, Joseph served as 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 London in 2006. Previously, he was CFO of Alseres Pharmaceuticals, (formerly Boston Life Sciences Inc.), a NASDAQ listed, biopharmaceutical company where he was involved in a number of public and private financings. Earlier in his career, he spent almost 10 years with PricewaterhouseCoopers, L.L.P., an international auditing, tax, and consulting firm. Joseph 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.
| Organization | Position | Status |
|---|---|---|
| Towerstream Corp | Chief Financial Officer | Current |
| Alseres Pharmaceuticals, Inc. | Cfo | Former |
| Aqua Bounty Technologies, Inc. | Chief Financial Officer | Former |
| Bentley College | M.S. Degree | Former |
| University of Lowell | B.S. In Business Administration | Former |
| Organization | Position | Status |
|---|---|---|
| Towerstream Corp | Interim Chief Financial Officer | Current |
| Maria Perry | Current | |
| The Stanley Works | Director of Business Analysis | Former |
| Towerstream Corp | Controller | Former |
| Deloitte & Touche LLP | Auditor | Former |
| University of Delaware | B.S. In Accounting | Former |
| The Healing Company | Former |
As the Chief Revenue Officer for Towerstream, Yarbrough is responsible for the strategic revenue growth and business development initiatives for Towerstream. Subsequently, Yarbrough is charged with the leadership of the Sales, Marketing, and Installations departments. Mr. Yarbrough comes to Towerstream from Hoovers (D Dun and Bradstreet), where he served as VP of Business Development and VP of Subscription Sales. Prior to joining D&B, Yarbrough spent nearly a decade in several executive sales and marketing positions, including roles at StarCite and Handango. During this time, he spearheaded efforts to achieve new sales and revenue growth as well as foster business development activities. Yarbrough holds a BA in Economics and Business from Southern Methodist University and a Juris Doctorate from Vanderbilt University School of Law.
| Organization | Position | Status |
|---|---|---|
| Towerstream Corp | Chief Revenue Officer | Current |
| Towerstream Corp | Vice President of Sales | Former |
| Handango | Former | |
| Vanderbilt University Law School | Juris Doctorate | Former |
| Southern Methodist University | BA In Economics and Business | Former |
Mr. Giftakis currently serves as the Vice President of Engineering and Operations at Towerstream. Formerly Mr. Giftakis was Director of Engineering at Sockeye Networks, a BGP optimization company that was acquired by Internap. Prior to joining Sockeye, he was a Director at Navisite and Digital Broadband Communications. Mr. Giftakis spent 10 years with Bell Atlantic and has spoken in several forums on the future of telecommunications with fixed wireless. He has over 15 years of experience with advanced solutions in telecommunications. Mr. Giftakis started his career with New England Telephone.
| Organization | Position | Status |
|---|---|---|
| Towerstream Corp | Vice President of Engineering and Operations | Current |
| Towerstream Corp | Manager | Former |
| NaviSite, Inc. | Director | Former |
| Organization | Position | Status |
|---|---|---|
| Towerstream Corp | Vice President of Human Resources | Current |
| St. Michael's College | Masters Degree In Administration and Management | Former |
| Organization | Position | Status |
|---|---|---|
| Towerstream Corp | Co-Founder | Current |
| Towerstream Corp | President, Chief Executive Officer and Director | Current |
| Ibreakfast | Current | |
| Towerstream Corp | Board of Directors | Current |
| Towerstream Corp | Chief Operating Officer | Former |
| Edgenet | Vice President of Operations | Former |
| Edgenet | Founder | Former |
| Towerstream Corp | Operations Leader | Former |
| University of Massachusetts Amherst | BS In Electrical Engineering | Former |
Mr. Bush has served as a director since January 2007. Mr. Bush has been an executive officer of Handheld Entertainment, Inc. (NasdaqCM: ZVUE) since January 2006 and became its chief financial officer on June 26, 2006. Mr. Bush has over 15 years of experience in accounting, financial support and business development. From 2002 to 2005, Mr. Bush was the chief financial officer and secretary for International Microcomputer Software, Inc. (OTCBB: IMSI.OB), a developer and distributor of precision design software, content and on-line services. Prior to that he was a director of business development and corporate controller for Buzzsaw.com, Inc. Mr. Bush was one of the founding members of Buzzsaw.com, Inc., a privately held company spun off from Autodesk, Inc. in 1999, focusing on online collaboration, printing and procurement applications. From 1997 to 1999, Mr. Bush worked as corporate controller at Autodesk, Inc. (NasdaqGM: ADSK), the fourth largest software applications company in the world. Prior to that, Mr. Bush worked for seven years in public accounting, first with Ernst & Young, and later with Price Waterhouse in Munich, Germany. Mr. Bush holds a B.S. in Business Administration from U.C. Berkeley and is a Certified Public Accountant.
| Organization | Position | Status |
|---|---|---|
| Towerstream Corp | Audit Committee Chairman | Current |
| Findex Com, Inc. | Board of Directors | Current |
| Towerstream Corp | Board of Directors | Current |
| ZVUE Corporation | Chief Financial Officer | Former |
| Broadcaster, Inc. | Chief Financial Officer | Former |
| Broadcaster, Inc. | Developer | Former |
| Broadcaster, Inc. | Secretary | Former |
| Organization | Position | Status |
|---|---|---|
| Yale-New Haven Hospital | Director of the Cardiac Catheterization Program | Current |
| Yale University School of Medicine | Faculty | Current |
| Towerstream Corp | Director | Current |
| Yale University School of Medicine | Board of Directors | Current |
| Yale University School of Medicine | Member | Current |
Paul Koehler has over twenty years of experience in business development and marketing in the energy industry. Prior to joining Pacific Ethanol in 2005, he served as Director of Business Development for PPM Energy, Inc., leading their efforts to develop and acquire several wind power projects. Paul was also a co-founder of ReEnergy, one of the companies acquired by Pacific Ethanol. During the 1990s Paul worked for Portland General Electric and Enron in marketing and origination of long term transactions, risk management, and energy trading. Paul has a BA from the Honors College at the University of Oregon.
| Organization | Position | Status |
|---|---|---|
| Pacific Ethanol, Inc. | Vice President of Business Development | Current |
| Towerstream Corp | Director | Current |
| Reenergy LLC | President | Former |
| Kinergy Corporation | President | Former |
| Reenergy LLC | Co-Founder | Former |
| Kinergy Corporation | Co-Founder | Former |
| PPM Energy Inc | Director of Business Development | Former |
| University of Oregon | Ba from the Honors College | Former |
Executive News
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Towerstream Continues Extension of Chicago Network Coverage to Include Oakbrook
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Towerstream Continues Extension of Chicago Network Coverage to
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