ICOA to Acquire WiSE Technologies Deal to Expand ICOA's Footprint and Open New Market Segments WARWICK, R.I., April 21 /PRNewswire-FirstCall/ -- ICOA, Inc. (OTC:ICOA) (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/ . 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: . 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. DATASOURCE: ICOA, Inc. CONTACT: Frank Hawkins or Julie Marshall, both of Hawk Associates, +1-305-852-2383, or , for ICOA Web site: http://www.icoacorp.com/ http://www.hawkassociates.com/icoa/profile.htm http://www.hawkassociates.com/ http://www.hawkmicrocaps.com/ http://www.wisezone.net/

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