SOURCE: ICOA, Inc.

September 20, 2006 08:00 ET

ICOA, Inc. and 5G Wireless Communications, Inc. Enter Into National Service Agreement

ICOA's TollBooth™ OSS Will Support 5G's Timeshare Resort Wi-Fi Systems

WARWICK, RI -- (MARKET WIRE) -- September 20, 2006 -- ICOA, Inc. (OTCBB: ICOA), a national provider of wireless broadband Internet access and managed network services in high-traffic public locations, today announced that it has entered into a national service agreement with 5G Wireless Communications, Inc. (OTCBB: FGWI), of Marina Del Rey, California. ICOA will provide state-of-the-art 'back office' service and support for Wi-Fi installations by 5G Wireless in timeshare resorts nationwide.

5G Wireless, a manufacturer and distributor of wireless equipment and systems, has recently expanded into the installation and management of Wi-Fi networks for timeshare resorts and residential complexes. There are nearly 1,700 timeshare vacation resorts operating in the United States, and nearly double that number worldwide. According to PriceWaterhouseCoopers, timeshare sales have been rising at about 15% annually. 5G Wireless is uniquely positioned to serve this large market's demand for Wi-Fi Internet connectivity. Less than 25% of timeshare properties offer Wi-Fi capabilities, yet 37% of vacation travelers now bring their laptops on vacation, and that percentage increases each year. These consumers view wireless Internet connectivity as an essential component of their lifestyle.

5G Wireless will deploy TollBooth™, ICOA's customizable OSS (Operations Support Systems), into timeshare resort venues it serves. The proprietary Tollbooth™ system provides powerful, scalable and flexible management, customer support and billing service products to venue operators and carriers. It offers easy setup and deployment, venue-linked branding of sign-on pages, user billing and collection, secure credit card processing, authentication, access control, customer service and many other features.

Owners of timeshare units will utilize the Wi-Fi service on a daily, three-day or weekly paid subscription basis.

"We are very pleased to have been selected by 5G Wireless," said George Strouthopoulos, Chairman and CEO of ICOA. "5G has years of experience in the wireless space. Their expansion into the timeshare resort industry will provide them with a worldwide platform to apply their technology and expertise, in the operation and management of Wi-Fi systems in the thousands of timeshare resorts and residential units. Our robust Tollbooth™ operating system will enable 5G Wireless to service end users of the Wi-Fi systems with authentication, billing, customer support and other services."

Jerry Dix, Chairman and CEO of 5G Wireless, said, "Including the ICOA Tollbooth™ technology will enable us to maintain our Total Cost of Ownership (TCO) value proposition. We tested other leading OSS products, and none came close to Tollbooth's™ capabilities, benefits and simplicity of operation. This system will provide us with the support we need to efficiently execute our build-outs in the timeshare market."

Along with the TollBooth™ software and related systems, ICOA will provide 24/7/365 call center support for the timeshare resorts served by 5G Wireless, as it does for all the locations where ICOA provides Wi-Fi service.

About ICOA, Inc.

ICOA, Inc. (OTCBB: ICOA) is a national provider of wireless and wired broadband Internet networks in high-traffic public locations. ICOA provides design, installation, operation, maintenance and management of Wi-Fi hot-spot and hot-zone Internet access. Based in Warwick, Rhode Island, ICOA owns or operates over 1,800 broadband access installations in high-traffic locations across 45 states, located in airports, quick-service restaurants, hotels and motels, travel plazas, marinas, universities, and municipal structures and locales. ICOA networks are compatible with widely used 802.11x technology and with virtually all Internet service providers. Further information is at www.icoacorp.com.

About 5G Wireless Communications Inc.

5G Wireless Communications, Inc. is a wireless systems infrastructure company with technology with network architecture based on standard IEEE 802.11b/g Wi-Fi equipment. The 5G Wi-Fi Hotzones™ function through macro-cell base stations deployed from tall towers and the tops of tall buildings, while dead spots are filled in with smaller micro cells following the proven deployment strategy used today by the cellular carriers. This type of structural design allows for a well-tailored combination of cells resulting in the ability to add higher capacity where and when needed. 5G Wireless Base Stations have the advantage of multiple usage and varying functionalities for both the private and public sectors, including governance and administration for government departments, security and intelligence purposes, and educational uses, as well as for the management of data by businesses and companies. 5G Wireless' value proposition -- significantly increased performance at the lowest possible total cost of ownership (TCO) -- is quickly becoming a key consideration in the strategic deployment of the wireless experience. The company is located in Marina Del Rey, CA. For additional information call 800.916.1611 or visit www.5gwireless.com.

This document contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, which are subject to a number of risks and uncertainties, many of which are outside ICOA's control. These include but are not limited to the impact of competitors' products, services and pricing; product demand; market acceptance; new product development; reliance on key strategic alliances; the regulatory environment; fluctuations in operating results; and other risks which are detailed from time to time in the Company's filings with the Securities and Exchange Commission. ICOA disclaims any obligation to update or alter its forward-looking statements whether as a result of new information, subsequent events or otherwise.

Contact Information

  • Press contact:

    For ICOA, Inc:
    Alexander Auerbach
    Auerbach & Co., Inc.
    1-800-871-2583
    auerbach@aapr.com