ICOA Advises Shareholders to Return Proxies by February 9 Deadline Via Telephone, Web or Fax WARWICK, R.I., Feb. 7 /PRNewswire-FirstCall/ -- ICOA, Inc. (OTC:ICOA) (BULLETIN BOARD: ICOA) today advised shareholders who have either not received or voted on the items presented for their approval at the upcoming shareholders' meeting on February 10, 2005 to cast their vote by proxy using telephone, Internet or fax channels before February 9, 2005. Shareholders who hold shares through their broker (beneficial owners) should vote their proxies either through: (i) the Internet at http://www.proxyvote.com/ , (ii) by dialing the 800-telephone number provided on the proxy materials or (iii) by faxing their signed proxy cards to the number indicated on their proxy materials. If shareholders do not have a control number from their proxy materials, the company advises shareholders to immediately contact their broker, who will be able to provide their Control Number allowing for an expedited proxy vote. All shareholders who hold shares directly (not through a broker) are requested to immediately fax in their signed proxy -- and no later than February 9, 2005 -- to the stock transfer agency at facsimile (972) 612-4122. Direct shareholders unable to locate their proxy card may call the company directly to receive a faxable proxy card. If shareholders have further questions, the company advises to immediately contact the company at (401) 352-2301 for additional information on how to cast their votes. A copy of the proxy material is available from the company or may be found online at http://www.sec.gov/ . 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: . 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. DATASOURCE: ICOA, Inc. CONTACT: Frank Hawkins or Julie Marshall, both of Hawk Associates, +1-305-852-2383, or , for ICOA, Inc. Web site: http://www.icoacorp.com/ http://www.proxyvote.com/ http://www.hawkassociates.com/icoa/profile.htm http://www.hawkassociates.com/ http://www.hawkmicrocaps.com/

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