Archive for the '2005' Category
2005/04/01 – ICOA Launches 41st Marina Wi-Fi Hot Zone at Ventura Yacht Club

Warwick, RI, April 1, 2005 – ICOA, Inc., (OTC Bulletin Board: ICOA), a leading provider of neutral-host wireless broadband Internet networks and managed services in airports, restaurants, marinas and hot zones, announced today its iDock division launched its 41st Marina Wi-Fi hot zone at the Ventura Yacht Club.

iDockUSA is one of the largest providers of marina Wi-Fi zones in the US, currently reaching more than 20,000 slips with broadband wireless coverage and long-term contracts.

The new deployment at Ventura Yacht Club provides wireless Internet service to the entire facility, slips and adjoining public use facilities and adds to iDock’s existing regional deployments at Ventura Harbor, Ventura West Marina I and Ventura West Marina II.

“ICOA continues to see very encouraging month over month growth in the marina market and we will focus increasing resources on this business unit going forward,” said ICOA’s president Rick Schiffmann. “ICOA’s broadband wireless solution allows subscribers in the marine environment to stay in touch, stay informed and stay safe. The iDockUSA marina Wi-Fi HotZone provides more than convenience. It also provides the capacity to stay in touch with home and office as well as obtain in-depth weather reports and charts and receive real time safety bulletins at the slip, in the parking lot or on the water.”

Boaters with Wi-Fi enabled laptops or PDAs can connect to the Internet to check their e-mail, access their corporate servers, download important documents and surf the Web with convenient and flexible service plans including a daily rate, and monthly and yearly subscription services. Rates and subscription plans can be found by visiting http://www.icoacorp.com or http://www.idockusa.com.

About ICOA, Inc.

ICOA, Inc. is a leading provider of neutral-host wireless and wired broadband Internet networks in high-traffic public locations. ICOA provides design, installation, operations, maintenance and management of neutral, common-use 802.11x standard WLAN Wi-Fi hot spot and hot zone infrastructure throughout airport facilities, quick-service restaurants, marinas, hospitality and hot zone locations. ICOA currently owns or operates 1000 broadband access installations in high-traffic locations serving tens of millions of annual patrons in 44 states.  For additional information, visit http://www.icoacorp.com.

An investment profile about ICOA may be found online at http://www.hawkassociates.com/icoa/profile.htm

For more information, contact John Balbach at ( 401) 352-2368. For investor relations information, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 852-2383, e-mail: info@hawkassociates.com. Detailed information about ICOA, Inc. can be found on the website http://www.icoacorp.com. An online investor kit containing ICOA press releases, SEC filings, current price Level II quotes, interactive Java stock charts and other useful information for investors can be found at http://www.hawkassociates.com andhttp://www.hawkmicrocaps.com.

The foregoing contains “forward-looking statements,” which are based on management’s beliefs, as well as on a number of assumptions concerning future events and information currently available to management. Readers are cautioned not to put undue reliance on such forward-looking statements, which are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside ICOA’s control, that could cause actual results to differ materially from such statements. For a more detailed description of the factors that could cause such a difference, please see ICOA’s filings with the Securities and Exchange Commission. ICOA disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This information is presented solely to provide additional information to further understand the results of ICOA.

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2005/03/31 – ICOA Reduces Debt by $1.4M

Warwick, RI, March 31, 2005 – ICOA, Inc., (OTC Bulletin Board: ICOA), a provider of wireless broadband Internet networks and managed services in high-traffic public locations, announced today conclusion of a series of transactions reducing its debt by 19.8% or $1,406,752, further strengthening its balance sheet and reducing the company’s interest expense by more than $120,000 per year.

Expressing full confidence in the company, various investors, consultants and suppliers, officers, directors, senior management and employees of the company converted outstanding notes and accounts payable, past compensation, and other settlements to common shares in the company. Of the shares issued, approximately 50% were to officers, directors and employees of the company.

ICOA president Rick Schiffmann said, “This round of debt conversion into equity is a significant first step in the restructuring of the balance sheet in order that we can more readily access conventional debt and lease financing in support of our growth and deployment plans.”

These transactions are more fully described in the form 8-K filed today with the SEC.

About ICOA, Inc.

ICOA, Inc. is a leading provider of neutral-host wireless and wired broadband Internet networks in high-traffic public locations. ICOA provides design, installation, operations, maintenance and management of neutral, common-use 802.11x standard WLAN Wi-Fi hot spot and hot zone infrastructure throughout airport facilities, quick-service restaurants, marinas, hospitality and hot zone locations. ICOA currently owns or operates 1000 broadband access installations in high-traffic locations serving tens of millions of annual patrons in 44 states.  For additional information, visit http://www.icoacorp.com.

An investment profile about ICOA may be found online at http://www.hawkassociates.com/icoa/profile.htm

For more information, contact John Balbach at ( 401) 352-2368. For investor relations information, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 852-2383, e-mail: info@hawkassociates.com. Detailed information about ICOA, Inc. can be found on the website http://www.icoacorp.com. An online investor kit containing ICOA press releases, SEC filings, current price Level II quotes, interactive Java stock charts and other useful information for investors can be found at http://www.hawkassociates.com andhttp://www.hawkmicrocaps.com.

The foregoing contains “forward-looking statements,” which are based on management’s beliefs, as well as on a number of assumptions concerning future events and information currently available to management. Readers are cautioned not to put undue reliance on such forward-looking statements, which are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside ICOA’s control, that could cause actual results to differ materially from such statements. For a more detailed description of the factors that could cause such a difference, please see ICOA’s filings with the Securities and Exchange Commission. ICOA disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This information is presented solely to provide additional information to further understand the results of ICOA.

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2005/03/28 – ICOA Reports Record Q4 04 and FY 04 Revenues; Gives Forward Guidance

Warwick, RI, March 28, 2005 – ICOA, Inc., (OTC Bulletin Board: ICOA), a leading provider of neutral-host wireless broadband Internet networks and managed services in high-traffic public locations, today reported its financial results for its fourth quarter and fiscal year ended December 31, 2004 in its 10-KSB filed with the SEC.

For the fourth fiscal quarter ended December 31, 2004, the company generated revenue of $392,106, an increase of 179.4% versus $218,546 for the same period last year and 12% higher than management’s projection.

For fiscal year 2004, the company reported revenue of $1,170,719, a record year for ICOA and 360.5% higher than FY ‘03 revenue of $324,789.

The company reported a net loss of $3,922,130 as compared to a net loss of $774,663 for the year ended December 31, 2003, primarily due to prior years’ gain on extinguishment of debt not being matched in the current year, increased interest expense, the impairment of assets write-off as well as the increase of $1,245,635 in S,G & A, which reflects the company’s significant operational growth over the course of 2004.

Full financial results for Q4 ‘04 and FY ‘04 can be found in the company’s 10-KSB, filed on March 25, 2005 with the SEC.

“2004 was a watershed year for ICOA strategically, and the record revenue and operational results achieved clearly trend the company in a high-growth direction,” said ICOA Chairman George Strouthopoulos. “The company established a solid operational foundation, attracted a new and seasoned management team with the experience to fully capitalize on the expanding broadband wireless market, developed consistently ramping baseline revenue and operational results and strengthened our balance sheet.”

Rick Schiffmann, president and CEO-designate, said, “We believe that the broadband wireless industry is entering a consolidation phase, for which ICOA is well positioned. We remain on track to reach our goal of $7M in annualized revenue by the end of 2005. We are aggressively leveraging near-term opportunities while executing our longer-term strategies for sustained growth and increased shareholder value and see 2005 as a year of growth much greater than the record results produced in 2004.”

Forward Guidance

“Looking forward, we project Q1 ‘05 to be another record quarter with revenue exceeding $400,000,” Schiffmann said. “We caution shareholders and potential shareholders that this guidance is a good faith estimate based on current conditions, assumptions about the industry, access to financing and the competitive and regulatory landscape.”

About ICOA, Inc.

ICOA, Inc. is a leading provider of neutral-host wireless and wired broadband Internet networks in high-traffic public locations. ICOA provides design, installation, operations, maintenance and management of neutral, common-use 802.11x standard WLAN Wi-Fi hot spot and hot zone infrastructure throughout airport facilities, quick-service restaurants, marinas, hospitality and hot zone locations. ICOA currently owns or operates 1000 broadband access installations in high-traffic locations serving tens of millions of annual patrons in 44 states.  For additional information, visit http://www.icoacorp.com.

An investment profile about ICOA may be found online at http://www.hawkassociates.com/icoa/profile.htm

For more information, contact John Balbach at ( 401) 352-2368. For investor relations information, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 852-2383, e-mail: info@hawkassociates.com. Detailed information about ICOA, Inc. can be found on the website http://www.icoacorp.com. An online investor kit containing ICOA press releases, SEC filings, current price Level II quotes, interactive Java stock charts and other useful information for investors can be found at http://www.hawkassociates.com andhttp://www.hawkmicrocaps.com.

The foregoing contains “forward-looking statements,” which are based on management’s beliefs, as well as on a number of assumptions concerning future events and information currently available to management. Readers are cautioned not to put undue reliance on such forward-looking statements, which are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside ICOA’s control, that could cause actual results to differ materially from such statements. For a more detailed description of the factors that could cause such a difference, please see ICOA’s filings with the Securities and Exchange Commission. ICOA disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This information is presented solely to provide additional information to further understand the results of ICOA.

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2005/03/09 – ICOA Selected by Norfolk International Airport (ORF) To Provide Wi-Fi Services

Warwick, RI, March 9, 2005 – ICOA, Inc., (OTC Bulletin Board: ICOA), a leading national provider of wireless broadband Internet networks and managed services in high-traffic public locations, announced today the signing of a three-year agreement with the Norfolk Airport Authority to provide public and private Wi-Fi solutions throughout the Norfolk International Airport terminal. The Norfolk International Airport serves over 3.7 million passengers annually.

The service will be provided by Airport Network Solutions (ANS), a wholly owned subsidiary of ICOA. With the addition of Norfolk, ANS will be operational in nine airports serving over 25 million airline passengers annually.

The new high-speed broadband wireless Internet network will offer passengers secure, affordable and convenient wireless Internet access from anywhere in the terminal and will provide WLAN services for airport administration and operations functions, airlines and airport concessionaires.

ICOA will provide design, deployment, management, maintenance and ongoing customer care, the full suite of its back-office solutions, including authentication, billing and reporting, via AuthDirect, another wholly owned ICOA subsidiary. ICOA’s airport network also includes Spokane International Airport (GEG), the Greater Baton Rouge, Louisiana Airport (BTR), Sacramento International Airport (SMF), Manchester Airport (MHT), Savannah/Hilton Head International Airport (SAV), Fresno-Yosemite International Airport (FYI), Killeen Municipal Airport (GRK) and Charleston International Airport (CHS).

Passengers with Wi-Fi-enabled laptops or PDAs will be able to connect to the Internet to check their e-mail, access their corporate servers, download important documents and surf the web with unlimited access from anywhere in the airport for $6.95 per day. Airport information, such as flight schedules, ground transportation information, passenger services and security bulletins can also be accessed at no charge. The new public wireless Internet service will be available throughout the entire terminal and does not require users to install or use proprietary software. As a neutral-host network, the ICOA-powered solution for Norfolk International Airport will also allow subscribers of branded Wi-Fi services, such as iPass and Boingo, access to the network.

Rick Schiffmann, president of ICOA, said, “Our leading-edge solutions are a perfect complement to Norfolk’s new state-of-the-art terminal facility. We are delighted that Norfolk has selected ICOA’s ANS to design, deploy, maintain and manage this valuable service for its operations and passengers.”

Kenneth R. Scott, executive director of ORF, said, “The Norfolk International Airport is pleased to have ICOA’s ANS division as its Wi-Fi provider. We believe this will be an important addition to the outstanding facilities that will meet the growing communication needs of the millions of passengers who come through our airport every year as well as all of those who work at the airport.”

About Norfolk International Airport

Norfolk International Airport is southeastern Virginia’s dominant airport serving the Greater Hampton Roads area and northeastern North Carolina. Offering more than 200 arrivals and departures daily to major cities throughout the United States, Norfolk International ranks in the country’s top 65 airports in terms of passengers served annually, with 3.78 million passengers in 2004.

About ICOA, Inc.

ICOA, Inc. is a leading provider of neutral-host wireless and wired broadband Internet networks in high-traffic public locations. ICOA provides design, installation, operations, maintenance and management of neutral, common-use 802.11x standard WLAN Wi-Fi hot spot and hot zone infrastructure throughout airport facilities, quick-service restaurants, marinas, hospitality and hot zone locations. ICOA currently owns or operates 1000 broadband access installations in high-traffic locations serving tens of millions of annual patrons in 44 states.  For additional information, visit http://www.icoacorp.com.

An investment profile about ICOA may be found online at http://www.hawkassociates.com/icoa/profile.htm

For more information, contact John Balbach at ( 401) 352-2368. For investor relations information, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 852-2383, e-mail: info@hawkassociates.com. Detailed information about ICOA, Inc. can be found on the website http://www.icoacorp.com. An online investor kit containing ICOA press releases, SEC filings, current price Level II quotes, interactive Java stock charts and other useful information for investors can be found at http://www.hawkassociates.com andhttp://www.hawkmicrocaps.com.

The foregoing contains “forward-looking statements,” which are based on management’s beliefs, as well as on a number of assumptions concerning future events and information currently available to management. Readers are cautioned not to put undue reliance on such forward-looking statements, which are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside ICOA’s control, that could cause actual results to differ materially from such statements. For a more detailed description of the factors that could cause such a difference, please see ICOA’s filings with the Securities and Exchange Commission. ICOA disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This information is presented solely to provide additional information to further understand the results of ICOA.

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2005/04/01 – ICOA Launches 41st Marina Wi-Fi Hot Zone at Ventura Yacht Club

Warwick, RI, April 1, 2005 – ICOA, Inc., (OTC Bulletin Board: ICOA), a leading provider of neutral-host wireless broadband Internet networks and managed services in airports, restaurants, marinas and hot zones, announced today its iDock division launched its 41st Marina Wi-Fi hot zone at the Ventura Yacht Club.

iDockUSA is one of the largest providers of marina Wi-Fi zones in the US, currently reaching more than 20,000 slips with broadband wireless coverage and long-term contracts.

The new deployment at Ventura Yacht Club provides wireless Internet service to the entire facility, slips and adjoining public use facilities and adds to iDock’s existing regional deployments at Ventura Harbor, Ventura West Marina I and Ventura West Marina II.

“ICOA continues to see very encouraging month over month growth in the marina market and we will focus increasing resources on this business unit going forward,” said ICOA’s president Rick Schiffmann. “ICOA’s broadband wireless solution allows subscribers in the marine environment to stay in touch, stay informed and stay safe. The iDockUSA marina Wi-Fi HotZone provides more than convenience. It also provides the capacity to stay in touch with home and office as well as obtain in-depth weather reports and charts and receive real time safety bulletins at the slip, in the parking lot or on the water.”

Boaters with Wi-Fi enabled laptops or PDAs can connect to the Internet to check their e-mail, access their corporate servers, download important documents and surf the Web with convenient and flexible service plans including a daily rate, and monthly and yearly subscription services. Rates and subscription plans can be found by visiting http://www.icoacorp.com or http://www.idockusa.com.

About ICOA, Inc.

ICOA, Inc. is a leading provider of neutral-host wireless and wired broadband Internet networks in high-traffic public locations. ICOA provides design, installation, operations, maintenance and management of neutral, common-use 802.11x standard WLAN Wi-Fi hot spot and hot zone infrastructure throughout airport facilities, quick-service restaurants, marinas, hospitality and hot zone locations. ICOA currently owns or operates 1000 broadband access installations in high-traffic locations serving tens of millions of annual patrons in 44 states.  For additional information, visit http://www.icoacorp.com.

An investment profile about ICOA may be found online at http://www.hawkassociates.com/icoa/profile.htm

For more information, contact John Balbach at ( 401) 352-2368. For investor relations information, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 852-2383, e-mail: info@hawkassociates.com. Detailed information about ICOA, Inc. can be found on the website http://www.icoacorp.com. An online investor kit containing ICOA press releases, SEC filings, current price Level II quotes, interactive Java stock charts and other useful information for investors can be found at http://www.hawkassociates.com andhttp://www.hawkmicrocaps.com.

The foregoing contains “forward-looking statements,” which are based on management’s beliefs, as well as on a number of assumptions concerning future events and information currently available to management. Readers are cautioned not to put undue reliance on such forward-looking statements, which are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside ICOA’s control, that could cause actual results to differ materially from such statements. For a more detailed description of the factors that could cause such a difference, please see ICOA’s filings with the Securities and Exchange Commission. ICOA disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This information is presented solely to provide additional information to further understand the results of ICOA.

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2005/02/23 – ICOA Reaches 1,000 Wi-Fi Location Milestone

Warwick, RI, February 23, 2005 – ICOA, Inc., (OTC Bulletin Board: ICOA) announced today it now provides wireless broadband Internet service to 1,000 high-traffic public locations in a national network across 43 states.

“ICOA entered the broadband wireless and Wi-Fi industry in October of 2003. Since then, we have aggressively grown and acquired the expertise, infrastructure and assets required for a scalable national broadband wireless provider,” said ICOA president Rick Schiffmann. “While this is an important milestone for ICOA at this early stage of our development, we are looking to continue on our aggressive growth trajectory for all of our vertically focused operating units (airports, marinas, QSR and metrozones) as well as our turn-key design, deployment, management and customer care capabilities.”

“We are also pleased to see growth in end-user demand exceeding our projections,” Schiffmann added. “Our network operations centers currently process more than 65,000 sessions per week, more than half of which represent unique subscribers.”

About ICOA, Inc.

ICOA, Inc. is a leading provider of neutral-host wireless and wired broadband Internet networks in high-traffic public locations. ICOA provides design, installation, operations, maintenance and management of neutral, common-use 802.11x standard WLAN Wi-Fi hot spot and hot zone infrastructure throughout airport facilities, quick-service restaurants, marinas, hospitality and hot zone locations. ICOA currently owns or operates 1000 broadband access installations in high-traffic locations serving tens of millions of annual patrons in 43 states.  For additional information, visit http://www.icoacorp.com.

For more information, contact John Balbach at ( 401) 352-2368. For investor relations information, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 852-2383, e-mail: info@hawkassociates.com. Detailed information about ICOA, Inc. can be found on the website http://www.icoacorp.com. An online investor kit containing ICOA press releases, SEC filings, current price Level II quotes, interactive Java stock charts and other useful information for investors can be found at http://www.hawkassociates.com andhttp://www.hawkmicrocaps.com.

The foregoing contains “forward-looking statements,” which are based on management’s beliefs, as well as on a number of assumptions concerning future events and information currently available to management. Readers are cautioned not to put undue reliance on such forward-looking statements, which are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside ICOA’s control, that could cause actual results to differ materially from such statements. For a more detailed description of the factors that could cause such a difference, please see ICOA’s filings with the Securities and Exchange Commission. ICOA disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This information is presented solely to provide additional information to further understand the results of ICOA.

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2005/02/16 – ICOA Launches 2005 IR Program With Participation In Wall Street Investor Forum

Warwick, RI, February 16, 2005 – ICOA, Inc., (OTC Bulletin Board: ICOA), a leading national provider of wireless broadband Internet networks and managed services in high-traffic public locations, announced today the launch of its 2005 IR program with its participation in the 16th Annual Wall Street Analyst Forum (WSAF) in New York.

Attending the Forum will be institutional investors, portfolio managers, analysts and private investors. The company’s senior management team will present an overview of ICOA’s strategy and review progress of ICOA’s strategic initiatives, including providing the latest developments in its acquisition and growth plans.

“In 2004, we executed well beyond our plan. With the IR goal in 2005 of broadening our investor base and increasing liquidity, we are making a concerted focus to bring the exciting ICOA story to a wider audience of investors on Wall Street and Main Street,” said Rick Schiffmann, president of ICOA. “The Wall Street Analyst Forum, and other similar high-visibility opportunities – are one of the many channels ICOA will deploy this year to gain recognition among top analysts, portfolio managers and private investors on Wall Street.”

The forum will be held at the Roosevelt Hotel. ICOA is scheduled to present at 10:20 a.m on Monday, February 28, 2005. A live webcast of individual company meetings, which will also be available after the forum, can be accessed at http://www.analyst-conference.com.

The WSAF has been sponsoring analyst conferences in New York, Boston and London since 1989. The forum has involved 2,500 different presenting corporations and the attendance of more than 15,000 analysts and portfolio managers. The forum has received coverage in the Wall Street Journal, Barron’s, CNBC, Bloomberg and other respected news organizations.

About ICOA, Inc.

ICOA, Inc. is a leading provider of neutral-host wireless and wired broadband Internet networks in high-traffic public locations. ICOA provides design, installation, operations, maintenance and management of neutral, common-use 802.11x standard WLAN Wi-Fi hot spot and hot zone infrastructure throughout airport facilities, quick-service restaurants, marinas, hospitality and hot zone locations. ICOA currently owns or operates over 900 broadband access installations in high-traffic locations serving tens of millions of annual patrons in 43 states.  For additional information, visit http://www.icoacorp.com.

For more information, contact John Balbach at ( 401) 352-2368. For investor relations information, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 852-2383, e-mail: info@hawkassociates.com. Detailed information about ICOA, Inc. can be found on the website http://www.icoacorp.com. An online investor kit containing ICOA press releases, SEC filings, current price Level II quotes, interactive Java stock charts and other useful information for investors can be found at http://www.hawkassociates.com andhttp://www.hawkmicrocaps.com.

The foregoing contains “forward-looking statements,” which are based on management’s beliefs, as well as on a number of assumptions concerning future events and information currently available to management. Readers are cautioned not to put undue reliance on such forward-looking statements, which are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside ICOA’s control, that could cause actual results to differ materially from such statements. For a more detailed description of the factors that could cause such a difference, please see ICOA’s filings with the Securities and Exchange Commission. ICOA disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This information is presented solely to provide additional information to further understand the results of ICOA.

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2005/02/11 – ICOA Shareholders Approve Corporate Changes; Strengthen Companys Ability To Grow

Warwick, RI, February 11, 2005 – ICOA, Inc., (OTC Bulletin Board: ICOA), a leading national provider of wireless broadband Internet networks and managed services in high-traffic public locations, announced today that the company’s shareholders overwhelmingly approved both of management’s proposals at its February 10, 2005 special shareholder meeting.

Shareholders approved by a 95% margin an amendment to the company’s articles of incorporation increasing the authorized number of shares of common stock from 150 million to 750 million. Shareholders also approved by a 91% margin the amendment to the company’s articles of incorporation authorizing 50 million shares of preferred stock. “We thank ICOA shareholders for this vote of confidence,” said ICOA Chairman George Strouthopoulos. “Management is fully committed to maximizing shareholder value and we now look forward to executing our aggressive growth strategy.” Rick Schiffmann, ICOA’s president, said, “This watershed vote by shareholders gives ICOA the tools we need to reach our goal of $7M in annualized revenue by the end of 2005. It strengthens our strategic position and will enable us to improve our balance sheet and enhance our capacity to attract the high-caliber talent to drive our next stage of growth.”

About ICOA, Inc.

ICOA, Inc. is a leading provider of neutral-host wireless and wired broadband Internet networks in high-traffic public locations. ICOA provides design, installation, operations, maintenance and management of neutral, common-use 802.11x standard WLAN Wi-Fi hot spot and hot zone infrastructure throughout airport facilities, quick-service restaurants, marinas, hospitality and hot zone locations. ICOA currently owns or operates over 900 broadband access installations in high-traffic locations serving tens of millions of annual patrons in 43 states. For additional information, visit http://www.icoacorp.com.

For more information, contact John Balbach at ( 401) 352-2368. For investor relations information, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 852-2383, e-mail: info@hawkassociates.com. Detailed information about ICOA, Inc. can be found on the website http://www.icoacorp.com. An online investor kit containing ICOA press releases, SEC filings, current price Level II quotes, interactive Java stock charts and other useful information for investors can be found at http://www.hawkassociates.com and http://www.hawkmicrocaps.com.

The foregoing contains “forward-looking statements,” which are based on management’s beliefs, as well as on a number of assumptions concerning future events and information currently available to management. Readers are cautioned not to put undue reliance on such forward-looking statements, which are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside ICOA’s control, that could cause actual results to differ materially from such statements. For a more detailed description of the factors that could cause such a difference, please see ICOA’s filings with the Securities and Exchange Commission. ICOA disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This information is presented solely to provide additional information to further understand the results of ICOA.

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2005/02/03 – ICOA Signs Three-Year Panera Bread Wi-Fi Contract Extension

Warwick, RI, February 3, 2005 ICOA, Inc., (OTC Bulletin Board: ICOA), a leading national provider of neutral-host wireless broadband Internet networks and managed services in high-traffic public locations has signed a three-year contract extension to furnish equipment, system monitoring, and provide customer care for Panera Breads Wi-Fi service.

Panera Bread currently offers free high-speed wireless Internet access (Wi-Fi) as an amenity to its customers at more than 600 bakery-cafes nationwide, making the Panera Bread amenity network the largest in the United States. ICOA designed, equipped and managed Panera Breads Wi-Fi service from inception, and continues to assist in the deployment of free Wi-Fi at Panera Breads bakery-cafes around the United States.

The free Wi-Fi service allows customers with a Wi-Fi-enabled laptop or PDA to securely access the Internet, check their email, connect to a corporate server or browse the web while enjoying the comfortable surroundings of a Panera Bread bakery-cafe. Customer support is available every day of the week. A regularly updated list of Panera Bread bakery-cafes with freeWi-Fi is available at www.panerabread.com/wifi.

About Paner Bread Company

Panera Bread owns and franchises bakery-cafes under the Panera Bread and Saint Louis Bread Co. names. The company is the leader in the emerging specialty bread/cafe category due to its unique bread combined with a quick, casual dining experience. As released in the October 28, 2004 earnings statement, Panera Bread operates 701 bakery-cafes (212 company-owned and 489 franchised). Additional information is available on the company’s website, http://www.panerabread.com.

About ICOA, Inc.

ICOA, Inc. is a leading provider of neutral-host wireless and wired broadband Internet networks in high-traffic public locations. ICOA provides design, installation, operations, maintenance and management of neutral, common-use 802.11x standard WLAN Wi-Fi hot spot and hot zone infrastructure throughout airport facilities, quick-service restaurants, marinas, hospitality and hot zone locations. ICOA currently owns or operates over 900 broadband access installations in high-traffic locations serving tens of millions of annual patrons in 43 states.  For additional information, visit http://www.icoacorp.com.

An investment profile about ICOA may be found online at http://www.hawkassociates.com/icoa/profile.htm

For more information, contact John Balbach at ( 401) 352-2368. For investor relations information, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 852-2383, e-mail: info@hawkassociates.com. Detailed information about ICOA, Inc. can be found on the website http://www.icoacorp.com. An online investor kit containing ICOA press releases, SEC filings, current price Level II quotes, interactive Java stock charts and other useful information for investors can be found at http://www.hawkassociates.com and http://www.hawkmicrocaps.com.

The foregoing contains “forward-looking statements,” which are based on management’s beliefs, as well as on a number of assumptions concerning future events and information currently available to management. Readers are cautioned not to put undue reliance on such forward-looking statements, which are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside ICOA’s control, that could cause actual results to differ materially from such statements. For a more detailed description of the factors that could cause such a difference, please see ICOA’s filings with the Securities and Exchange Commission. ICOA disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This information is presented solely to provide additional information to further understand the results of ICOA.

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2005/01/28 – ICOA Announces Executive Succession in First Phase of 2005 Management Transition Plan

Warwick, RI, January 28, 2005 ICOA, Inc., ( OTC Bulletin Board: ICOA), a leading national provider of wireless broadband Internet networks and managed services in high-traffic public locations, announced today the first phase of its management transition plan for 2005.

Effective by March 31, 2005, George Strouthopoulos will focus solely on his role as chairman of the board of directors in order to provide the company with strategic planning and long-term direction.

The ICOA Board of Directors has elected Rick Schiffmann, president, to succeed Strouthopoulos as CEO. In tandem, Schiffmann was also elected to the board of directors, effective March 1, 2005, representing the management team.

Strouthopoulos said, We’ve made significant progress since I took the helm of ICOA in 1991, developing considerable industry expertise, building a solid and scalable foundation of a national broadband service provider and positioning ICOA at the forefront of a significant industry consolidation.

I’m very proud of what we’ve accomplished, and I’m even more excited about the opportunities ahead. We’ve built a scalable platform, developed industry-pioneering business models and solutions for the delivery of access, content and applications, and attracted some of the best and the brightest talent in this industry, continued Strouthopoulos.

As ICOA prepares for significant growth in the months and years ahead, this is the right time to transition to the next generation of ICOAs leadership, Strouthopoulos continued. We have a top-tier management team in place, and I join in the board’s unanimous support and confidence in Rick’s ability to drive ICOAs growth going forward at this exciting time.

As co-founder of Airport Network Solutions (ANS), now a wholly-owned subsidiary of ICOA, next as executive vice president of ICOA and most recently as president of ICOA, Schiffmann has been central to the companys transition to broadband wireless, its 360% revenue growth over the last 12 months, as well as the architect of the companys consolidation strategy.

Prior to starting ANS, Schiffmann served as vice president of Cometa Networks, a wholesale broadband wireless venture with Intel, IBM and AT&T. Before that, Schiffmann was vice president of business development for Aerzone, a subsidiary of SoftNet Systems, a pioneering wireless ISP that targeted frequent business travelers in public hot spots through the deployment of 802.11 infrastructure. Schiffmann previously was a management consultant with Dove Consulting in their Consumer Broadband Group and with Coopers & Lybrand. Schiffmann has an MBA from the Kellogg Graduate School of Management and a Bachelor of Arts from Bates College.

Schiffmann said, I am honored by this appointment and welcome the confidence which George and the board have placed in me to drive ICOAs next phase of growth. Under Georges leadership, ICOA has rapidly emerged as a leading national broadband wireless solution provider. I look forward to and relish the challenge of delivering real value to ICOAs shareholders, providing world-class service to ICOAs customers and supporting ICOAs top-tier team as we embark upon ICOAs next phase of growth.

About ICOA, Inc.

ICOA, Inc. is a leading provider of neutral-host wireless and wired broadband Internet networks in high-traffic public locations. ICOA provides design, installation, operations, maintenance and management of neutral, common-use 802.11x standard WLAN Wi-Fi hot spot and hot zone infrastructure throughout airport facilities, quick-service restaurants, marinas, hospitality and hot zone locations. ICOA currently owns or operates over 900 broadband access installations in high-traffic locations serving tens of millions of annual patrons in 43 states.  For additional information, visit http://www.icoacorp.com.

An investment profile about ICOA may be found online at http://www.hawkassociates.com/icoa/profile.htm

For more information, contact John Balbach at ( 401) 352-2368. For investor relations information, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 852-2383, e-mail: info@hawkassociates.com. Detailed information about ICOA, Inc. can be found on the website http://www.icoacorp.com. An online investor kit containing ICOA press releases, SEC filings, current price Level II quotes, interactive Java stock charts and other useful information for investors can be found at http://www.hawkassociates.com and http://www.hawkmicrocaps.com.

The foregoing contains “forward-looking statements,” which are based on management’s beliefs, as well as on a number of assumptions concerning future events and information currently available to management. Readers are cautioned not to put undue reliance on such forward-looking statements, which are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside ICOA’s control, that could cause actual results to differ materially from such statements. For a more detailed description of the factors that could cause such a difference, please see ICOA’s filings with the Securities and Exchange Commission. ICOA disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This information is presented solely to provide additional information to further understand the results of ICOA.

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