ICOA Appoints Seasoned Finance Executive Stephen N. Cummings as CFO

    WARWICK, R.I., Oct. 27 /PRNewswire-FirstCall/ -- ICOA, Inc. (OTC Bulletin
 Board: ICOA), a national provider of wireless broadband Internet networks and
 managed services in high-traffic public locations, announced today that
 Stephen N. Cummings has been appointed Chief Financial Officer.
     Rick Schiffmann, CEO of ICOA, said, "Stephen has served as a financial
 consultant to ICOA since early August.  He brings extraordinary credentials to
 the role of CFO at ICOA.  Managing our rapid national growth requires proven
 financial leadership, and Stephen's steady hand and capacity to scale ICOA
 going forward is a welcome addition to our senior management team and a great
 benefit to our company and shareholders."
     Cummings, a seasoned financial executive with 31 years of experience in a
 variety of executive financial roles, will be responsible for all finance,
 human resources and legal functions, as well as having an integral role in the
 strategic management of the company.  Erwin Vahlsing, former CFO, will remain
 with the company and serve as Vice President of Finance reporting to Cummings.
     Cummings has a distinguished history of success managing rapid growth on a
 national and international scale.  Prior to joining ICOA, Cummings served as
 Executive Vice President of Finance and Tax for SLI Holdings, an $800 million
 company operating in 37 countries which was listed on the New York Stock
 Exchange prior to going private.  Prior, Cummings managed the $200 million
 Treasury and Tax Department for ENSR Corporation, a subsidiary of RWE, AG.  He
 has also held senior positions with Gruntal & Co, the KIS Corporation, Berlex
 Laboratories and WISS & Co CPAs.  He holds a BBA, Accounting and Finance, from
 Pace University and is a member of the Tax Executive Institute.
     "I am attracted to ICOA during this exciting time of rapid growth in the
 broadband wireless market because of its solid performance towards scalable
 profitability and its proven team of industry pioneers and veterans," said
 Cummings.  "Further, I'd like to thank Erwin Vahlsing for remaining with the
 Company in order to maintain continuity."
 
     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 hot zone locations.  ICOA owns or operates
 over 1,300 broadband access installations in high-traffic locations across 45
 states.  For additional information, visit http://www.icoacorp.com.
     For more information, contact ICOA Vice President of Corporate Development
 John Balbach at (401) 352-2368 or email jbalbach@icoacorp.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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