April 13, 2007 10:17 ET

ICOA Is Partnering With AnchorFree to Enhance and Monetize Thousands of Wi-Fi Hotspots

WARWICK, RI and SUNNYVALE, CA -- (MARKET WIRE) -- April 13, 2007 -- ICOA, Inc. (OTCBB: ICOA), a national provider of wireless broadband Internet access and managed network services in high-traffic public locations, and AnchorFree Inc., a rapidly growing Wi-Fi community powered by advertising, have announced today that they are partnering to enhance thousands of Wi-Fi hotspot locations owned, operated and managed by ICOA and its subsidiaries.

ICOA provides Wi-Fi and Managed Services to airports, hotels, marinas, RV parks and resorts, regional and national notable restaurant chains and independent Wi-Fi providers.

ICOA's locations may join AnchorFree's hotspot partner community and become eligible to share recurring advertising revenues, access to free online marketing, and free co-marketing materials.

ICOA, one of the nation's largest Wi-Fi owner, operator and Wi-Fi Managed Services providers, will enable participating hotspot locations the ability to earn additional revenues from AnchorFree's advertising, which is powered by a relationship with Yahoo! AnchorFree also offers free security software, "Hotspot Shield," and a rewards program with over 350 online marquee shopping destinations.

AnchorFree will provide thousands of ICOA locations the ability to offer Wi-Fi users a better experience and seamless and unobtrusive access to advertising content. Funded in 2006 by major venture investors such as Bert Roberts (Former CEO and chairman of MCI) & multi-billionaire Richard Rainwater, AnchorFree enables the Wi-Fi users to securely shop online through its rewards program that includes such brands as Apple, Dell, Sharper Image, eBay, & Expedia.

"As pioneers in creating next-generation broadband wireless solutions for top-tier brands, ICOA is pleased to partner with AnchorFree to enhance our Wi-Fi hotspots," said George Strouthopoulos, Chairman & CEO of ICOA. "This partnership will be beneficial to both the wireless Internet hotspot location owners and to their valued customers," Mr. Strouthopoulos added.

"We are thrilled to be working with ICOA to bring their Wi-Fi hotspots and their users' experience to the next level," said David Gorodyansky, President & Co-Founder of AnchorFree. "This partnership brings additional advertising, co-marketing resources, and a better experience for users. AnchorFree plans to list ICOA's Wi-Fi locations on, as well as on its partner sites such as and," Mr. Gorodyansky added.

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 2,200 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

About AnchorFree:

AnchorFree provides consumers and businesses the nation's largest network of Free WI-FI access to the Internet. AnchorFree's network includes Internet Hotspots and "Hot Zones" in the nation's major metropolitan retail districts. AnchorFree, its ISPs and Internet content partners benefit from increased online eCommerce and media revenues. AnchorFree's mission is to provide wireless users throughout the world free access to relevant information on the Internet. The company's efforts have been endorsed in the news media by consumers, academic organizations, municipalities, and AnchorFree's own ISP and Media partners.

Safe Harbor:

This press release includes forward-looking statements related to, inc. that involve risks and uncertainties, including, but not limited to, risks and uncertainties relating to integration of newly acquired businesses and assets, product delivery, product launch dates, risks relating to the Internet, development and protection of technology, the availability of financing or other capital to fund its plans and operations, the management of growth, market acceptance of our products, our ability to compete successfully against established competitors with greater resources, the uncertainty of future governmental regulation (particularly as it pertains to the Internet), pending litigation and other risks. These forward-looking statements are made in reliance on the ``Safe Harbor'' provisions of the Private Securities Litigation Reform Act of 1995. For further information about these and other factors that could affect ICOA's future results and business plans, please see the Company's filings with the Securities and Exchange Commission, including in particular our Annual Report on Form 10-K for the year ended December 31, 2005, and our Quarterly Report on Form 10-Q for the quarter ended September 30, 2006. Copies of these filings are available online at Prospective investors are cautioned that forward-looking statements are not guarantees of performance. Actual results may differ materially and adversely from management expectations.

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