ICOA Announces Addition of Steven Tavares to Board of Directors
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 University. 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: firstname.lastname@example.org. 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.
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