ICOA Closes WISE Purchase

WARWICK, R.I. -- ICOA, Inc. (OTCBB:ICOA), a national provider of wireless broadband Internet networks and managed services in airports, restaurants, marinas and hot zones, announced today it has closed its acquisition of WiSE Technologies, Inc, a Landover, MD provider of Wi-Fi services to airports, hospitality, higher education, multiple dwelling units (MDUs), highway plazas and cafés.

The WiSE footprint includes over 50 high-traffic public locations including airports, university campuses, travel plazas, hotels, cafés, marinas and large apartment complexes (MDUs). All WiSE locations will be integrated into ICOA’s national infrastructure.

WiSE Technologies, through a contract with HMSHost and other strategic partners, provides broadband wireless and wired/kiosk public Internet access in 12 airports. The contract with HMSHost includes the option for expansion into 59 additional airports worldwide. WiSE currently provides service in Baltimore-Washington International (BWI), LaGuardia International Airport (LGA), JFK International Airport (JFK), Ted Stevens Anchorage International Airport (ANC), Buffalo Niagara International Airport (BUF), Bush Intercontinental Airport (IAH), San Diego International Airport (SAN), Chattanooga Metropolitan Airport (CHA), West Palm Beach Airport (WPB), Miami International Airport (MIA), Omaha Airport (OMA) and El Paso International Airport (ELP).

Under a contract with HMSHost, WiSE Technologies recently deployed broadband wireless Internet service in two highway travel plazas with the option to expand service into 95 additional highway travel plazas across North America.

Under an umbrella agreement with the Higher Education Wireless Access Consortium (HEWAC), WiSE and ICOA have deployed and are managing five campus-wide broadband wireless networks. The five-year HEWAC agreement includes the option to extend the program to 10 new campuses per year with the Company serving as the exclusive wireless Internet service provider.

Rick Schiffmann, ICOA’s CEO, said, “We are pleased WiSE has joined the ICOA family of companies. With the addition of the WiSE footprint, ICOA serves broadband wireless services to more airports in the U.S. than any other provider. In addition to strengthening our airport market presence, this acquisition includes contracts providing a strong foundation in higher education and highway travel plazas.”

Gary Murray, II, founder and president of WiSE, joins the Company as director of business development to focus on new business opportunities, enhancing ICOA’s strategic partnerships and increasing network customer utilization. Najib Kabbani, WiSE executive vice president, joins the Company to focus on the higher education segment, among other duties.

ICOA Inc.