ICOA Closes Acquisition of WiSE Technologies WARWICK, R.I., June 1 /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 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/ . An investment profile about ICOA may be found online at http://www.hawkassociates.com/icoa/profile.htm . For more information, contact ICOA VP of Corporate Development John Balbach at (401) 352-2368, email . For investor relations, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 451-1888, e-mail: . 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. DATASOURCE: ICOA, Inc. CONTACT: John Balbach, VP of Corporate Development, ICOA, +1-401-352-2368, or ; or investors, Frank Hawkins or Julie Marshall, both of Hawk Associates, +1-305-451-1888, or , for ICOA Web site: http://www.icoacorp.com/ http://www.hawkassociates.com/icoa/profile.htm http://www.hawkassociates.com/ http://www.hawkmicrocaps.com/

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