ICOA Featured in December Forbes Magazine Special Section on Wi-Fi WARWICK, R.I., Dec. 21 /PRNewswire-FirstCall/ -- ICOA, Inc. (OTC:ICOA) (BULLETIN BOARD: ICOA) , a leading provider of neutral-host wireless broadband Internet networks and managed services in high-traffic public locations including airports, restaurants, marinas and hot zones, announced today that the company, along with Nokia and Marriott, are included in a special section of the December 27, 2004 issue of Forbes magazine. The special section in Forbes, titled the "Wi-Fi Revolution: Unleashing New Business Opportunities Within and Beyond the Enterprise," covers the rapidly growing Wi-Fi industry. In tandem with the special section, the company unveiled its new brand and marketing campaign called "We Power Wi-Fi. Heard of Us? You Will." Rick Schiffmann, president of ICOA, said, "This national exposure in conjunction with our recent national 'Best of Show' award by Jupitermedia is the launch of a new outreach and branding campaign to drive recognition of the considerable progress the company is making. ICOA is executing to plan, and we will continue to bring the exciting ICOA story to Wall Street and Main Street." The special section can be viewed at http://www.forbes.com/specialsections . To see ICOA's advertisement online, go to http://www.hawkassociates.com/ICOA/company.htm . About ICOA, Inc. Headquartered in Warwick, R.I., 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 over 670 broadband access installations in high-traffic locations serving tens of millions of annual patrons, including the San Francisco International Airport (SFO), Spokane International Airport (GEG), the Greater Baton Rouge, La. Airport (BTR), Sacramento International Airport (SMF), Manchester Airport (MHT), Savannah/Hilton Head International Airport (SAV), Fresno-Yosemite International Airport (FYI), Killeen Municipal Airport (GRK), 450 Panera Bread locations, 40 marinas in California and Virginia, and hot zones in Lexington, Ky. and Rhode Island's Newport Harbor. 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 John Balbach at (401) 352-2368. For investor relations 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 price Level II 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, which 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 of ICOA, Inc., +1-401-352-2368; or investor relations, 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/icoa/profile.htm http://www.forbes.com/specialsections

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