SOURCE: ICOA, Inc.

July 20, 2006 07:00 ET

ICOA, Inc. Retains Auerbach & Co., Inc. to Provide Public and Investor Relations Services

WARWICK, RI -- (MARKET WIRE) -- July 20, 2006 -- ICOA, Inc. (OTCBB: ICOA), a leading provider of wireless and wired broadband Internet networks and services across 45 states, announced that it has retained Alexander Auerbach & Co., Inc. to provide public relations and investor relations services.

George Strouthopoulos, board chairman and chief executive officer, said, "ICOA is focused first and foremost on maximizing shareholder value from our strong asset base of premium locations supported by our market-leading back-office systems and operational expertise. Key to that is the effective communication of our progress, and for that we have turned to Auerbach & Co.," he said.

Mr. Strouthopoulos noted that ICOA has successfully completed eight strategic acquisitions in the past 36 months, and now has over 1,500 high-traffic locations nationwide where it delivers high-speed wireless Internet access.

The ICOA portfolio of broadband Wi-Fi locations includes ICOA-branded and location-branded venues, including 24 airports and retail stores operated by Panera Bread, IHOP, Dunkin Donuts, Au Bon Pain, Denny's and Stop & Shop.

ICOA also owns and operates the LinkSpot™ network of locations, which serves RV parks and campgrounds throughout the United States, and the iDockUSA™ marina network, which provides wireless Internet access across most marinas in California.

"This solid foundation, combined with a strong pipeline of business opportunities from new and existing customers, makes this a very exciting time for ICOA," said Mr. Strouthopoulos. "We want to ensure that our customers, strategic partners and shareholders are fully informed of our progress."

Auerbach & Co.(www.AAPR.com), based in Los Angeles, is a national public and investor relations agency, which for more than 20 years has served leading companies in technology, manufacturing, business services and corporate finance. The firm's principal, Alexander Auerbach, was an award-winning nationally syndicated financial writer for The Boston Globe and The Los Angeles Times.

ICOA, Inc. (www.icoacorp.com) is a leading vertically integrated national provider of wireless and wired broadband Internet networks in high-traffic public locations. ICOA designs, installs, operates, maintains and manages Wi-Fi hot spot and hot zone infrastructure. ICOA owns or operates over 1,500 broadband access installations in high-traffic locations across 45 states. These locations include airport facilities, quick-service restaurants, universities, travel plazas, marinas, hospitality and municipal/hot zones.

The foregoing contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 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 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.

Contact Information