Middletown-based WiMAX provider Towerstream Corp.’s common stock began trading on the Nasdaq Capital Market (formerly the Nasdaq Small Cap Market) last Thursday under the symbol TWER.

To commemorate the move, Towerstream President and CEO Jeff Thompson rang the opening bell for the Nasdaq stock market on Friday, June 1. (READ MORE)

“The Nasdaq Capital Market furthers Towerstream’s progression from a startup wireless company to a leading technology provider,” Thompson said. The move will increase the company’s liquidity, he said, and bring “added visibility” and “greater exposure with institutional investors.”

From Jan. 26 until last Wednesday, Towerstream’s common stock had traded on the NASD over-the-counter bulletin board.

Founded in 2000, Towerstream provides high-speed wireless Internet access to businesses. It has established pre-WiMAX networks in markets such as New York City, Los Angeles, Chicago, San Francisco, Seattle, Miami, the greater Boston area, and Providence and Newport, and it continues to expand coverage.

The company was the first wireless broadband carrier selected to join the WiMAX Forum to assist leading vendors in establishing industry compliance with international broadband wireless access standards and cross-vendor interoperability. Additional information is available at www.towerstream.com.