Tower Ventures Announces Purchase of over 300 Towers

Company Becomes One of the Largest Private Tower Entities in U.S.

Memphis, TN- October 5, 2007: Tower Ventures, a national provider of wireless communications structures, has acquired three hundred and thirty-eight (338) towers which will be marketed to all wireless and broadband carriers.

“The acquisition takes Tower Ventures from its traditional role as a regional tower owner to a national player in the wireless infrastructure business” said Billy Orgel, President, Tower Ventures. “We look forward to repositioning this portfolio and marketing it to existing and new wireless tenants.”

Tower Ventures portfolio includes four hundred (400) sites in 22 states across the U.S. providing strategic solutions for carriers and the coverage needs of their customers.

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