ICOA Reaches 1,000 Wi-Fi Location Milestone WARWICK, R.I., Feb. 23 /PRNewswire-FirstCall/ -- ICOA, Inc., (OTC:ICOA) (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 metro zones) 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 1,000 broadband access installations in high-traffic locations across 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.hawkassociates.com/ http://www.hawkmicrocaps.com/ http://www.hawkassociates.com/icoa/profile.htm

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