WARWICK, R.I., Nov. 28 /PRNewswire-FirstCall/ -- ICOA, Inc.
(OTC Bulletin Board: ICOA), a national provider of wireless broadband Internet
networks, today announced the addition of Steven Tavares, Managing Member of
Seaport Capital, LLC to ICOA's Board of Directors.
"I'm very happy to welcome Steve to the Board," said George
Strouthopoulos, Chairman of the Board. "For the past three years Steve has
provided advice and guidance as a shareholder and his addition to the board
exhibits his continued commitment to the Company and its future."
"Steven will be ICOA's first independent Board member and his appointment
to ICOA's Board of Directors represents an additional step toward becoming
Sarbanes-Oxley compliant," said ICOA's CEO and President, Rick Schiffmann. "I
look forward to working with Steven as we work to expand ICOA and provide
world-class service to ICOA's customers."
Steven Tavares began his association with ICOA as an early stage investor
in 2003. Tavares's current activities are in the areas of real estate finance
and syndication. As managing partner of Seaport Capital Partners LLC
("Seaport"), he has continued to support ICOA's growth through continued
investments and project financing. Prior to founding Seaport, Tavares held
various investment and asset management positions. He has a MBA from
Rensellaer Polytechnic Institute and a Bachelor of Science from Johns Hopkins
Steven Tavares, Managing Member of Seaport Capital, LLC, said, "I am
honored by this appointment and look forward to working with Rick and ICOA's
management team as well as becoming an active member of the Board of
Directors. I look forward to playing a role in ICOA's continued growth as
evidenced by their recently reported Third Quarter results."
About ICOA, Inc.
ICOA, Inc. is a national 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, universities, travel
plazas, marinas, hospitality and municipal/hot zone locations. ICOA owns or
operates over 1,400 broadband access installations in high-traffic locations
across 45 states. For additional information, visit http://www.icoacorp.com.
To subscribe to ICOA's email alert system, please send an email to:
For more information regarding ICOA, contact ICOA CEO Rick Schiffmann at
(401) 352-2360 or email email@example.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,
that 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.
SOURCE ICOA, Inc.