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ICOA Reports 633% Revenue Increase Year-to-Date; Gives Forward Guidance Wednesday November 17, 9:18 am ET
WARWICK, R.I., Nov. 17 /PRNewswire-FirstCall/ -- ICOA, Inc. (OTC Bulletin Board: ICOA - News), a leading provider of neutral-host wireless broadband Internet networks and managed services in airports, restaurants, marinas and hot zones, reported in its Form 10-QSB filed today record financial results for its third quarter, ended September 30, 2004, as the company continued to execute its growth strategy. http://biz.yahoo.com/prnews/041117/flw007_1.html
ICOA Company AuthDirect Wins Hot Spot 'Best of Show' Award Thursday December 2, 4:14 pm ET http://biz.yahoo.com/prnews/041202/flth018_1.html WARWICK, R.I. and SAN JOSE, Calif., Dec. 2 /PRNewswire-FirstCall/ -- AuthDirect, an ICOA (OTC Bulletin Board: ICOA - News) company, announced today it was awarded "Best of Show" for its TollBooth(TM) 3.0 product at Jupitermedia Corporation's Wi-Fi Planet in San Jose, Calif. TollBooth is a fully customizable OSS platform for the global Wi-Fi hot spot and hot zone industry.
ICOA Featured in December Forbes Magazine Special Section on Wi-Fi Tuesday December 21, 9:23 am ET http://biz.yahoo.com/prnews/041221/fltu004_1.html WARWICK, R.I., Dec. 21 /PRNewswire-FirstCall/ -- ICOA, Inc. (OTC Bulletin Board: ICOA - News), a leading provider of neutral-host wireless broadband Internet networks and managed services in high-traffic public locations including airports, restaurants, marinas and hot zones, announced today that the company, along with Nokia and Marriott, are included in a special section of the December 27, 2004 issue of Forbes magazine. The special section in Forbes, titled the "Wi-Fi Revolution: Unleashing New Business Opportunities Within and Beyond the Enterprise," covers the rapidly growing Wi-Fi industry. In tandem with the special section, the company unveiled its new brand and marketing campaign called "We Power Wi-Fi. Heard of Us? You Will."
Rick Schiffmann, president of ICOA, said, "This national exposure in conjunction with our recent national 'Best of Show' award by Jupitermedia is the launch of a new outreach and branding campaign to drive recognition of the considerable progress the company is making. ICOA is executing to plan, and we will continue to bring the exciting ICOA story to Wall Street and Main Street."
Short Term Indicators 7 Day Average Directional Indicator Buy 10 - 8 Day Moving Average Hilo Channel Buy 20 Day Moving Average vs Price Buy 20 - 50 Day MACD Oscillator Buy 20 Day Bollinger Bands Hold
Short Term Indicators Average: 80% - Buy 20-Day Average Volume - 1114819
Medium Term Indicators 40 Day Commodity Channel Index Hold 50 Day Moving Average vs Price Buy 20 - 100 Day MACD Oscillator Buy 50 Day Parabolic Time/Price Sell
Medium Term Indicators Average: 25% - Buy 50-Day Average Volume - 988340
Long Term Indicators 60 Day Commodity Channel Index Buy 100 Day Moving Average vs Price Buy 50 - 100 Day MACD Oscillator Buy
Long Term Indicators Average: 100% - Buy 100-Day Average Volume - 827962
Overall Average: 72% - Buy
Posts: 443 | From: Honolulu, HI | Registered: Jan 2004
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just proves that it's all about information. that press release came out after close of business thursday. those that knew about it and got in first thing friday had a huge advantage by 3p.
Posts: 34 | From: Midwest | Registered: Jan 2005
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The Unconventional Wisdom WiFi is ubiquitous, with a reputation of being the "disruptive" grassroots technology that is winning the day. But much of WiFi's momentum comes from the entrenched PC industry -- firms like Hewlett Packard (nyse: HPQ - news - people ), Microsoft (nasdaq: MSFT - news - people ) and Intel (nasdaq: INTC - news - people ) that want you to keep buying PCs and laptops. 3G wireless networks, which are in many ways superior to WiFi and widely used in Asia, will roll out in more than 30 U.S. cities by year end. Imagine not having to search for a WiFi hotspot but instead having wireless access anywhere in say New York City or Chicago. The big beneficiaries will be companies like Verizon Wireless and Qualcomm. http://www.forbes.com/business/2004/12/19/sp05_05_mschifrin_.htmlPosts: 347 | Registered: Aug 2004
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Notice the 3G wireless networks to be in 30 U.S. cities by year end according to the article. What if you are not in one of those cities?
Posts: 347 | Registered: Aug 2004
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Since January 2001, WiFi product and service companies have raised more than $1 billion in venture capital. This milestone, reached earlier this month, demonstrates the investment community's remarkably positive bias toward WiFi amid an otherwise sluggish period for technology-focused venture investment. Venture capitalists are betting that WiFi will be more akin to successful and enduring technologies like Ethernet than to flame-out technologies like WAP. http://www.fiercewireless.com/wifireport/Posts: 347 | Registered: Aug 2004
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Wi-Fi Leader ICOA Announces Record 2004 Revenue; Projects Significant 2005 Growth Thursday January 20, 10:30 am ET
WARWICK, R.I., Jan. 20 /PRNewswire-FirstCall/ -- ICOA, Inc. (OTC Bulletin Board: ICOA - News), a leading provider of neutral-host wireless broadband Internet networks and managed services in airports, restaurants, marinas and hot zones, today announced revenue of $1,170,719 for the fiscal year ended December 31, 2004. Complete results will be released when the company files its Form 10-KSB. 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 comparable quarter a year earlier and 12% higher than management's projection at the end of Q3 04. The company's FY2004 revenue was 360.5% higher than FY2003 revenue of $324,789.
"In late 2003, ICOA made the strategic decision to enter and compete nationally in the emerging broadband wireless market. We believed then and even more so now that this sector presents a unique opportunity to leverage our strengths to generate revenue, profitability and shareholder value. ICOA's record growth and revenue generation throughout 2004 are the result of this strategic decision," said ICOA Chairman and CEO George Strouthopoulos.
Since then, he noted, "ICOA has:
acquired assets which form the foundation of a major national broadband wireless provider, begun to build an experienced and seasoned management team, significantly expanded our national footprint, and significantly grown our revenues and moved toward profitability." Strouthopoulos said, "Over the last year, ICOA's national deployed service footprint has grown considerably. We currently provide service in 43 states, with over 900 owned or operated high-traffic public locations under our network coverage. We don't know of any wireless services company in the country that serves more marinas and more amenity-model locations, not to mention our rapidly growing airport footprint, hundreds of managed public access points (RV parks, camp grounds, hotels) and a growing network of hot zones under contract with ICOA."
Looking forward to a robust 2005, ICOA President Rick Schiffmann said, "The past twelve months shows a track record of execution we are proud of and establishes the foundation for our next phase of growth. From here, management is basing our performance on a trajectory of growth benchmarked to $7 million in annualized revenue by year end and considerably more in twenty-four months.
"Today, ICOA is an emerging national leader in Wi-Fi networks and services. Our footprint for retail services is targeted at high-traffic and high-value locations, with wireless capability supplemented by our kiosk expertise. We provide cost-effective networks for the rapidly growing amenity services segment. We provide high-quality and reliable support systems and services for both our own operations and as a full-service back-office for other service providers," continued Schiffmann.
"Tomorrow, through both organic growth and acquisitions, ICOA is seeking to secure the critical scale points across our integrated design-deploy- operate business model. As emerging technologies allow, ICOA is looking to expand into the delivery of digital value-added services -- including VOIP and location-specific applications -- to deliver value to our customers and users and robust financial returns to our shareholders. While today ICOA is focused on Wi-Fi, our models and approach are technology-agnostic. We work with numerous technologies as economies of scale, market penetration and device propagation permit or demand. For example, we also are keeping a close eye on future opportunities with Wi-Max and cellular 3G networks. We will adjust our focus and our assets over time, as advancements and markets warrant.
"Our acquisitions over the last twelve months -- QGo, ANS, iDockUSA and AuthDirect -- have helped us create a new nationally competitive company delivering a full-value chain of broadband wireless services. In addition to their attractive core valuations, these acquisitions have contributed to scale and scope economies which we believe will continue to strengthen our margins and provide a basis for similar leveraging of future acquisitions," continued Schiffmann.
"We have grown through acquisition and look to continue to do so. In 2005, we are looking to acquire promising Wi-Fi services companies 1) in market segments targeted for growth and profitability or 2) with unique infrastructure capabilities. We are focusing on leading companies with management strength, available at attractive valuations, which maximize intrinsic value per share," continued Schiffmann.
"Looking forward, we believe that the broadband wireless industry is entering a consolidation phase, for which ICOA is well positioned. Active discussions are already under way with companies which, if the deals are successfully closed, would add over $4 million in annualized revenues by the end of 2005, as well as adding to our long-term earnings per share," Schiffmann said.
"In conclusion," said Strouthopoulos, "ICOA's 2004 accomplishments are attracting opportunities for acquisitions and organic growth, as well as for strengthening our finances and management team to enable ICOA to become a nationally competitive broadband services provider. As the company continues to grow, we will implement a planned and orderly management transition as we look to build the operational, financial and governance infrastructure capable of taking ICOA to over $50 million in annual revenues."
About ICOA, Inc.
Headquartered in Warwick, R.I., 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, including the San Francisco International Airport (SFO), Spokane International Airport (GEG), the Greater Baton Rouge, La. Airport (BTR), Sacramento International Airport (SMF), Manchester Airport (MHT), Savannah/Hilton Head International Airport (SAV), Fresno-Yosemite International Airport (FYI), Killeen Municipal Airport (GRK), a growing national footprint of quick casual locations, 40 marinas in California and Virginia, and hot zones in Lexington, Ky. and Rhode Island's Newport Harbor. For additional information, visit http://www.icoacorp.com .
For more 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.
-------------------------------------------------------------------------------- Source: ICOA, Inc.
Posts: 347 | Registered: Aug 2004
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some profit taking today provided a nice entry point if you missed the news thursday night. The daily volume is high and the price is relatively stable. This isn't your classic day-trade stock, but it could work for a 3 - 12 month period barring any negative news.
Posts: 34 | From: Midwest | Registered: Jan 2005
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WARWICK, R.I., Feb. 3 /PRNewswire-FirstCall/ -- 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 customer care for Panera Bread's Wi-Fi services. 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 Bread's Wi-Fi service from inception and continues to assist in the deployment of free Wi-Fi at Panera Bread's 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 e-mail, 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 free Wi-Fi is available at http://www.panerabread.com/wifi . About Panera 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 Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 852-2383, e-mail: info@hawkassociates.com . An online investor kit containing ICOA press releases, SEC filings, current Level II price 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. ICOA CONTACT: John Balbach (401) 352-2368 jbalbach@icoacorp.com
PANERA CONTACT: Julie Somers (314) 633-7210 julie.somers@panerabread.com SOURCE ICOA, Inc.
Contact Information: John Balbach of ICOA, Inc., +1-401-352-2368, or jbalbach@icoacorp.com; or Julie Somers of Panera Bread Company, +1-314-633-7210, or julie.somers@panerabread.com; or Frank Hawkins or Julie Marshall, both of Hawk Associates, +1-305-852-2383, or info@hawkassociates.com, for ICOA, Inc.
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ICOA Launches 42nd Marina Wi-Fi Hot Zone at Port Royal, California PR Newswire - April 11, 2005 09:13
WARWICK, R.I., April 11, 2005 /PRNewswire-FirstCall via COMTEX/ -- ICOA, Inc. (OTC Bulletin Board: ICOA), a leading provider of wireless broadband Internet networks and managed services in airports, restaurants, marinas and hot zones, announced today that its iDock division launched its 42nd marina Wi-Fi hot zone at the Port Royal Marina of Redondo Beach, Calif.
iDockUSA is one of the largest providers of marina Wi-Fi zones in the United States, currently reaching more than 20,000 slips with broadband wireless coverage and long-term contracts.
The new deployment at Port Royal Marina provides wireless Internet service to the entire facility, slips and adjoining public use facilities.
Rick Schiffmann, CEO of ICOA, said, "ICOA continues to see encouraging growth in the marina market. We are focusing increasing resources on this business going forward. ICOA's broadband wireless solution allows subscribers in the marine environment to stay in touch, stay informed and stay safe. The iDock marina Wi-Fi hot zone provides more than convenience. It 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 over 1,000 broadband access installations in high-traffic locations across 44 states. For additional information, visit http://www.icoacorp.com .
For more information, contact Frank Hawkins or Ken AuYeung, 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 relations kit containing ICOA press releases, SEC filings, current Level II price 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.
SOURCE ICOA, Inc. Frank Hawkins or Ken AuYeung, both of Hawk Associates, +1-305-852-2383, or info@hawkassociates.com , for ICOA
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ICOA Selected by WiSE Technologies for Higher Education Wi-Fi Deployment PR Newswire - April 15, 2005 11:52
WARWICK, R.I., April 15, 2005 /PRNewswire-FirstCall via COMTEX/ -- ICOA, Inc. (OTC Bulletin Board: ICOA), a national provider of wireless broadband Internet networks and managed services in high-traffic public locations, announced today it has signed a contract and entered into a strategic partnership with WiSE Technologies to design, deploy and manage campus-wide higher education Wi-Fi networks. The contracts provide both one-time and recurring revenue to ICOA.
Under a competitive grant program sponsored by WiSE Technologies and the Higher Education Wireless Access Consortium (HEWAC) ( http://www.hewac.org ), 10 campuses were recently selected from a pool of 120 higher education candidates to receive campus-wide Wi-Fi equipment, installation and managed services. ICOA will design, deploy and manage the Wi-Fi networks, providing students, faculty and college administrations with secure, reliable high-speed broadband wireless Internet access, customer care and a 24/7 call center.
Engineering and design for the campuses' Wi-Fi services is currently underway. Specific campuses will be announced as networks are completed throughout the remainder of the year.
WiSE President Gary Murray said, "In choosing a strategic partner for the higher education vertical, we were looking for a company with demonstrated in- house capabilities and experience across the entire Wi-Fi value chain. ICOA offers proven, reliable and cost-effective turnkey solutions. We look forward to working with the pioneering team at ICOA throughout the entire project lifecycle."
ICOA CEO Rick Schiffmann said, "ICOA has long seen the higher education vertical as one of the most promising. We are delighted to be working with WiSE Technologies and HEWAC to bring campus-wide Wi-Fi solutions to colleges across the country. WiSE and HEWAC have designed a unique program to cost- effectively deploy Wi-Fi networks in the demanding environment of higher education. We look forward to supporting their efforts with turnkey solutions that are reliable for today's needs and robust enough for tomorrow's potential uses."
About WiSE Technologies
WiSE Technologies is a premier Wireless Internet Service Provider (WISP). Through Wireless LAN (Local Area Network) technology, WiSE provides wireless Internet access to the general public through hot spots known as "WiSE Zones," located strategically in such places as airports, cafes, educational institutions and conference centers. The quality and popularity of its products and services have made WiSE the fastest growing provider of its kind. WiSE's mission is to increase productivity and enjoyment of the Internet by providing high-speed wireless access in the locations they frequent most. For more information, visit http://www.wisezone.net .
About HEWAC
The Higher Education Wireless Access Consortium (HEWAC) is the only member-driven organization focusing solely on wireless technology for higher education. HEWAC goes beyond technology for technology's sake and views broadband wireless technology as an enabling tool to support its members' individual, educational and social missions. The organization was created to provide a forum for the most senior technology leaders of colleges and universities to share their ideas and experiences. HEWAC will champion and share best practices, bridge gaps of knowledge, bring communities of interest together, provide a common ground for resolving issues, provide a unified voice to regulatory concerns, lessen the burden of risk and innovation and share the reward of working together. For more information, visit http://www.hewac.org .
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 1,000 broadband access installations in high-traffic locations across 44 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 Level II price 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.
SOURCE ICOA, Inc. John Balbach, ICOA, Inc., +1-401-352-2368; or Investors, Frank Hawkins or Julie Marshall, both of Hawk Associates, +1-305-852-2383, or info@hawkassociates.com, for ICOA, Inc.
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ICOA to Acquire WiSE Technologies PR Newswire - April 21, 2005 09:28
Deal to Expand ICOA's Footprint and Open New Market Segments
WARWICK, R.I., April 21, 2005 /PRNewswire-FirstCall via COMTEX/ -- ICOA, Inc. (OTC Bulletin Board: ICOA), a national provider of wireless broadband Internet networks and managed services in airports, restaurants, marinas and hot zones, announced today it has agreed to acquire WiSE Technologies, Inc., a privately held Landover, Maryland provider of Wi-Fi services to airports, hospitality, higher education, multiple dwelling units (MDUs), highway plazas and cafes.
The closing of the transaction is subject to customary closing conditions and is expected within the second quarter of 2005.
WiSE Technologies' national footprint includes broadband wireless and wired/kiosk public Internet access in twelve airports, five higher education campuses, three large apartment complexes (MDUs) and over thirty additional high-traffic public locations including hotels, cafes, marinas and highway plazas. The university campus services are provided under an umbrella agreement between WiSE and the Higher Education Wireless Access Consortium. All WiSE locations will be integrated into ICOA's existing systems, providing significant operational savings.
Rick Schiffmann, ICOA's CEO, said, "We believe that WiSE Technologies' national network, customer base and business models fit well with our core businesses, add three new and promising verticals in higher education, MDUs and highway plazas to ICOA's portfolio and positions ICOA with a robust base of locations in the mid-Atlantic region."
ICOA's management team will be strengthened with the addition of two WiSE executives. Gary Murray, II, founder and President of WiSE, will join ICOA to focus on new business opportunities, enhancing ICOA's strategic partnerships and increasing network customer utilization. Najib Kabbani, WiSE Executive Vice President, will focus on expanding the higher education segment, among other duties.
Murray said, "We are excited to be a part of the ICOA family of companies and world-class team and look forward to adding value for ICOA's shareholders."
About WiSE Technologies
WiSE Technologies is a Wireless Internet Service Provider (WISP). Through Wireless LAN (Local Area Network) technology, WiSE provides wireless internet access to the general public through hot spots known as "WiSE Zones," located strategically in such places as airports, cafes, educational institutions and conference centers. For more information, please visit http://www.wisezone.net .
About ICOA, Inc.
ICOA, Inc. is a national 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 owns or operates over 1,000 broadband access installations in high-traffic locations across 44 states. For additional information, visit http://www.icoacorp.com .
For more 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 Level II price 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.
SOURCE ICOA, Inc. Frank Hawkins or Julie Marshall, both of Hawk Associates, +1-305-852-2383, or info@hawkassociates.com, for ICOA
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ICOA to Provide Airport-Wide Amenity Wi-Fi for Brunswick Golden Isles Airport (BQK) PR Newswire - April 26, 2005 09:28
WARWICK, R.I., April 26, 2005 /PRNewswire-FirstCall via COMTEX/ -- ICOA, Inc. (OTC Bulletin Board: ICOA), a national provider of wireless broadband Internet networks and managed services in high-traffic public locations, announced today that it has signed an agreement with the Glynn County Airport Commission to provide public and private Wi-Fi solutions throughout the Brunswick Golden Isles Airport terminal in Brunswick, Ga. The airport serves more than 80,000 passengers annually.
With the addition of BQK, ICOA's Airport Network Solutions will be operational in 10 airports, serving over 25 million airline passengers annually. ICOA will provide design, deployment, management, maintenance, ongoing customer care and the full suite of its back-office solutions, including authentication and reporting.
The new high-speed broadband wireless Internet network will offer passengers secure, convenient wireless Internet access at no charge from anywhere in the terminal. It will provide WLAN services for airport administration and operations functions, airlines and airport concessionaires. The public service does not require users to install or use proprietary software. The neutral-host network will also allow subscribers of branded Wi- Fi services, such as iPass and Boingo, access to the network as well.
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 documents and surf the web with unlimited access from anywhere in the airport. Airport information, such as flight schedules, ground transportation information, passenger services and security bulletins can also be accessed at no charge.
Rick Schiffmann, CEO of ICOA, said, "Our leading-edge solutions are a perfect complement to Glynn County's new state-of-the-art terminal facility. We are delighted that the commission has selected ICOA to design, deploy, maintain and manage this valuable service for its operations and passengers."
Steve Brian, executive director of BQK, said, "The Brunswick Golden Isles Airport is pleased to have ICOA 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 passengers who come through our airport every year as well as everyone who works at the airport."
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), Norfolk International Airport (ORF) and Charleston International Airport (CHS).
About Brunswick Golden Isles Airport
The Brunswick Golden Isles Airport serves southeast Georgia with four in- bound and four out-bound flights between Brunswick and Atlanta daily. The new Wi-Fi services provided by ICOA will be one of the amenities offered to passengers as part of the new 33,500 square-foot airline terminal facility. The new terminal is designed with the hospitality of the Golden Isles as its primary focus. The facility is capable of housing up to two commercial airline operations and will have the latest services and security features to ensure the safe and efficient flow of passengers to and from Brunswick. Construction is slated for completion in the summer of 2005.
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 1,000 broadband access installations in high-traffic locations across 44 states. For additional information, visit http://www.icoacorp.com .
For more information, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 852-2383, e-mail: info@hawkassociates.com . An online investor relations kit containing ICOA press releases, SEC filings, current Level II price quotes, interactive Java stock charts and other useful information for investors can be found at http://www.hawkassociates.com and http://www.hawkmicrocaps.com .
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ICOA Closes Acquisition of WiSE Technologies PR Newswire - June 01, 2005 10:01
WARWICK, R.I., June 1, 2005 /PRNewswire-FirstCall via COMTEX/ -- ICOA, Inc. (OTC Bulletin Board: ICOA), a national provider of wireless broadband Internet networks and managed services in airports, restaurants, marinas and hot zones, announced today it has closed its acquisition of WiSE Technologies, Inc., a Landover, Md. provider of Wi-Fi services to airports, hospitality, higher education, multiple dwelling units (MDUs), highway plazas and cafes.
The WiSE footprint includes over 50 high-traffic public locations including airports, university campuses, travel plazas, hotels, cafes, marinas and large apartment complexes (MDUs). All WiSE locations will be integrated into ICOA's national infrastructure.
WiSE Technologies, through a contract with HMSHost and other strategic partners, provides broadband wireless and wired/kiosk public Internet access in 12 airports. The contract with HMSHost includes the option for expansion into 59 additional airports worldwide. WiSE currently provides service in Baltimore-Washington International Airport (BWI), LaGuardia International Airport (LGA), JFK International Airport (JFK), Ted Stevens Anchorage International Airport (ANC), Buffalo Niagara International Airport (BUF), Bush Intercontinental Airport (IAH), San Diego International Airport (SAN), Chattanooga Metropolitan Airport (CHA), West Palm Beach Airport (WPB), Miami International Airport (MIA), Omaha Airport (OMA) and El Paso International Airport (ELP).
Under a contract with HMSHost, WiSE Technologies recently deployed broadband wireless Internet service in two highway travel plazas with the option to expand service into 95 additional highway travel plazas across North America.
Under an umbrella agreement with the Higher Education Wireless Access Consortium (HEWAC), WiSE and ICOA have deployed and are managing five campus- wide broadband wireless networks. The five-year HEWAC agreement includes the option to extend the program to 10 new campuses per year with the company serving as the exclusive wireless Internet service provider.
Rick Schiffmann, ICOA's CEO, said, "We are pleased WiSE has joined the ICOA family of companies. With the addition of the WiSE footprint, ICOA serves broadband wireless services to more airports in the U.S. than any other provider. In addition to strengthening our airport market presence, this acquisition includes contracts providing a strong foundation in higher education and highway travel plazas."
Gary Murray, II, founder and president of WiSE, joins the company as director of business development to focus on new business opportunities, enhancing ICOA's strategic partnerships and increasing network customer utilization. Najib Kabbani, WiSE executive vice president, joins the company to focus on the higher education segment, among other duties.
About ICOA, Inc.
ICOA, Inc. is a national 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 owns or operates over 1,100 broadband access installations in high-traffic locations across 45 states. For additional information, visit http://www.icoacorp.com .
For more information, contact ICOA VP of Corporate Development John Balbach at (401) 352-2368, email jbalbach@icoacorp.com . For investor relations, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 451-1888, e-mail: info@hawkassociates.com . An online investor relations kit containing ICOA press releases, SEC filings, current Level II price quotes, interactive Java stock charts and other useful information for investors can be found at http://www.hawkassociates.com and http://www.hawkmicrocaps.com .
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ICOA Powers 12th Airport-Wide Wi-Fi Network with Boise (BOI) PR Newswire - June 08, 2005 10:28
WARWICK, R.I., June 8, 2005 /PRNewswire-FirstCall via COMTEX/ -- ICOA, Inc. (OTC Bulletin Board: ICOA), a national provider of wireless broadband Internet networks and managed services in high-traffic public locations, announced today the launching of broadband service into its 24th airport facility with an amenity network for the Boise Airport (BOI) of Boise, Idaho.
With the addition of BOI, ICOA services 12 airports nationally with full- facility coverage and wireless and wired service covering select high-traffic areas within 12 additional airports.
Amenity Internet access for Boise Airport's 3 million annual passengers is sponsored by MPC Computers of Boise, Idaho in concert with the Liz Younger Agency, advertising provider for the Boise Airport.
Rick Schiffmann, CEO of ICOA, said, "We are delighted to have been selected to partner with MPC Computes and the Liz Younger Agency to power the new Boise Airport high-speed wireless network, providing amenity Wi-Fi for the airport's 3 million annual passengers as well as a secure and reliable commercial service to the airport, airport tenants and other private-side customers."
ICOA provided design and deployment and will provide on an ongoing basis management, maintenance, customer care and the full suite of its back-office solutions, including authentication and reporting.
The new high-speed broadband wireless Internet network will offer passengers secure, convenient wireless Internet access at no charge from anywhere in the terminal. The public service does not require users to install or use proprietary software.
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 documents and surf the Web with unlimited access from anywhere in the airport. Airport information, such as flight schedules, ground transportation information, passenger services and security bulletins can also be accessed from the Wi-Fi portal.
About ICOA, Inc.
ICOA, Inc. is a national 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, universities, travel plazas, marinas, hospitality and hot zone locations. ICOA owns or operates over 1,100 broadband access installations in high-traffic locations across 45 states. For additional information, visit http://www.icoacorp.com .
For more information, contact ICOA VP of Corporate Development John Balbach at (401) 352-2368, email jbalbach@icoacorp.com . For investor relations, contact Frank Hawkins or Julie Marshall, Hawk Associates, (305) 451-1888, e-mail: info@hawkassociates.com . An online investor kit containing ICOA press releases, SEC filings, current Level II price 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.
SOURCE ICOA, Inc. John Balbach, VP of Corporate Development of ICOA, +1-401-352-2368, or jbalbach@icoacorp.com; or Frank Hawkins or Julie Marshall, both of Hawk Associates, +1-305-451-1888, or info@hawkassociates.com, for ICOA
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ICOA Closes Seventh Wi-Fi Acquisition With Cafe.com PR Newswire - August 03, 2005 09:23
WARWICK, R.I., August 3, 2005 /PRNewswire-FirstCall via COMTEX/ -- ICOA, Inc. (OTC Bulletin Board: ICOA), a national provider of broadband Internet networks and managed services in high-traffic public locations, announced today it has acquired the assets, contracts, existing hot spot locations and equipment of Cafe.com, a privately held Santa Monica, Calif.-based wireless Internet provider, in a cash and stock deal.
Cafe.com is ICOA's seventh acquisition since the company entered the broadband wireless market in late 2003. Previous acquisitions were QGo, Airport Network Solutions, iDockUSA, AuthDirect, Wise Technologies and LinkSpot Networks.
Cafe.com has 40 deployed locations in Southern California, including Denny's, IHOP, and Dunkin Donuts, as well as hotels, coffeehouses and bakeries.
Rick Schiffmann, ICOA's CEO, said, "This acquisition secures a diversified regional footprint in southern California and relationships with leading national brands to further strengthen our quick-service restaurant (QSR) footprint."
There are more than 1,600 Denny's restaurants, 1,100 IHOP and 4,400 Dunkin Donuts locations across North America.
Ronan Higgins, CEO of Cafe.com, said, "We have enjoyed the challenge of building Cafe.com to profitability and developing relationships with leading QSR brands. We have been approached by many suitors and are pleased to join the ICOA family of companies, business model and seasoned team."
About ICOA, Inc.
ICOA, Inc. is a national 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, universities, travel plazas, RV/campgrounds and marinas, hospitality and hot zone locations. ICOA owns or operates over 1,300 broadband access installations in high-traffic locations across 45 states. For additional information, visit http://www.icoacorp.com .
For more information, contact ICOA VP of Corporate Development John Balbach at (401) 352-2368, e-mail: jbalbach@icoacorp.com . For investor relations, contact Frank Hawkins or Julie Marshall, Hawk Associates, (305) 451-1888, e-mail: info@hawkassociates.com . An online investor relations kit containing ICOA press releases, SEC filings, current Level II price quotes, interactive Java stock charts and other useful information for investors can be found at http://www.hawkassociates.com and http://www.hawkmicrocaps.com .
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