Towerstream Corporation (Towerstream) provides broadband services to commercial customers and delivers access over a wireless network transmitting over both regulated and unregulated radio spectrum. The Company's service supports bandwidth on demand, wireless redundancy, virtual private networks (VPNs), disaster recovery, bundled data and video services. It provides service to business customers in markets, including New York City, Boston, Chicago, Los Angeles, San Francisco, Seattle, Miami, Dallas-Fort Worth, Philadelphia, Nashville, Las Vegas-Reno and Providence-Newport. It owns, operate and lease shared wireless infrastructure, including Information concerning Wi-Fi and rooftop assets. In May 2011, the Company completed the acquisition of certain business assets from One Velocity, Inc. In December 2011, it completed the acquisition of certain business assets from Color Broadband Communications, Inc.