ICOA Announces Addition of Steven Tavares to Board of Directors
November 28 2005 - 9:10AM
PR Newswire (US)
WARWICK, R.I., Nov. 28 /PRNewswire-FirstCall/ -- ICOA, Inc.
(OTC:ICOA) (BULLETIN BOARD: ICOA) , a national provider of wireless
broadband Internet networks, today announced the addition of Steven
Tavares, Managing Member of Seaport Capital, LLC to ICOA's Board of
Directors. "I'm very happy to welcome Steve to the Board," said
George Strouthopoulos, Chairman of the Board. "For the past three
years Steve has provided advice and guidance as a shareholder and
his addition to the board exhibits his continued commitment to the
Company and its future." "Steven will be ICOA's first independent
Board member and his appointment to ICOA's Board of Directors
represents an additional step toward becoming Sarbanes-Oxley
compliant," said ICOA's CEO and President, Rick Schiffmann. "I look
forward to working with Steven as we work to expand ICOA and
provide world-class service to ICOA's customers." Steven Tavares
began his association with ICOA as an early stage investor in 2003.
Tavares's current activities are in the areas of real estate
finance and syndication. As managing partner of Seaport Capital
Partners LLC ("Seaport"), he has continued to support ICOA's growth
through continued investments and project financing. Prior to
founding Seaport, Tavares held various investment and asset
management positions. He has a MBA from Rensellaer Polytechnic
Institute and a Bachelor of Science from Johns Hopkins University.
Steven Tavares, Managing Member of Seaport Capital, LLC, said, "I
am honored by this appointment and look forward to working with
Rick and ICOA's management team as well as becoming an active
member of the Board of Directors. I look forward to playing a role
in ICOA's continued growth as evidenced by their recently reported
Third Quarter results." 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
municipal/hot zone locations. ICOA owns or operates over 1,400
broadband access installations in high-traffic locations across 45
states. For additional information, visit http://www.icoacorp.com/.
To subscribe to ICOA's email alert system, please send an email to:
. For more information regarding ICOA, contact ICOA CEO Rick
Schiffmann at (401) 352-2360 or email . 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:
Rick Schiffmann, CEO of ICOA, +1-401-352-2360, Web site:
http://www.icoacorp.com/
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