Tuesday, January 13, 2009

Towerstream Reports SF Market Reaches EBITDA Profitability

Towerstream, which operates fixed wireless networks in nine U.S. markets, reported that it has reached EBITDA profitability in its San Francisco market.

"San Francisco is our fifth market, and first west coast market, to reach EBITDA profitability, closely following the Chicago market which passed this milestone last month," said Jeff Thompson, President and CEO of Towerstream. "With more than half of our markets now generating Market Cash Flow, we continue to drive revenues higher and our cash burn lower. We enter 2009 with a strong balance sheet and sufficient capital to execute our business plan."http://www.towerstream.com/

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