ICOA Acquires a Leading Marina Wireless ISP WARWICK, R.I., June 23 /PRNewswire-FirstCall/ -- ICOA, Inc. (OTC:ICOA) (BULLETIN BOARD: ICOA) , today announced completion of the acquisition of privately-held iDockUSA, of Ventura, CA. iDock is a leading provider of high- speed broadband wireless Internet service to the growing marine/marina vertical, serving over 15,000 slips in 28 marinas. The acquisition is anticipated to positively impact ICOA's annual revenue as iDock is immediately cash flow positive prior to achieving post-acquisition operational efficiencies. iDock provides design, installation, operations, maintenance, management and 24/7 customer care of neutral, common-use 802.11x standard WLAN (or Wi-Fi) infrastructure for an entire marina environment. iDock offers flexible plans and affordable price points to its growing subscriber base including boat owners, marine vendors, marina managers, charter companies, commercial fishing operations and public spaces within the harbors. Plans include monthly subscriptions and daily passes as well as pre-paid options. "This acquisition establishes ICOA as a leading supplier of Wi-Fi services to marinas, enhancing our total marina Wi-Fi footprint to over 17,000 slips in 33 marinas," said ICOA CEO, George Strouthopoulos. "With this acquisition, ICOA continues to deliver on our strategy of achieving market leadership in focused verticals, enhancing operational leverage and developing a robust platform for emerging integrated services." Marina customers with Wi-Fi enabled laptops, desktops or PDAs can connect to the Internet to check their e-mail, access important marine information such as weather, traffic and safety bulletins, access their corporate servers, download important documents and surf the Web. iDock's public wireless Internet service is available throughout entire marina environments and does not require users to install or use proprietary software. A full list of currently served marinas can be found at: http://www.idockusa.com/ "As a wholly-owned subsidiary, iDock is in a position to leverage ICOA's national infrastructure and expertise to expand our marina footprint and further strengthen our service offerings," said iDock co-founder, Mike Taylor. "Our current marina customers will immediately benefit from ICOA's world-class Network Operating Center (NOC), sales, marketing and capital facilities while strengthening our value proposition to the nascent marina market." Mike Taylor will remain Manager of the iDock subsidiary and will report to ICOA's CEO. iDock will migrate its existing AAA, customer care, network monitoring and maintenance onto ICOA's infrastructure and platform. About ICOA, Inc. ICOA, Inc., (OTC:ICOA) (BULLETIN BOARD: ICOA) located in Warwick, RI, is a provider of neutral host wireless and wired broadband Internet networks in public locations. ICOA, Inc. 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 and Hospitality locations, as well as High Speed Internet Terminals (WebCenter3000(TM)). ICOA currently operates or manages over 360 installations, including 250 Panera Bread locations, the San Francisco International Airport (SFO), Spokane International Airport (GEG), the Greater Baton Rouge, Louisiana Airport (BTR), Sacramento International Airport (SMF), Manchester Airport (MHT), Savannah/Hilton Head International Airport (SAV), Fresno-Yosemite International Airport (FYI), 32 Marinas in California and Rhode Island's Newport Harbor 'Hot Zone'. For additional information, please visit http://www.icoacorp.com/. 'Safe Harbor' 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. Contact: John K. Balbach ICOA, Inc Tel: 415.999.1468 http://www.icoacorp.com/ (OTCBB: ICOA) DATASOURCE: ICOA, Inc. CONTACT: John K. Balbach of ICOA, Inc, +1-415-999-1468, Web site: http://www.icoacorp.com/

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