ICOA Expands Wi-Fi Footprint With Legacy Chain And Requests For Roaming Partnerships
WARWICK, R.I., July 23, 2012 /PRNewswire-iReach/ -- ICOA, Inc. (OTCPK: ICOA) is pleased to announce expansion of its Public Wi-Fi Footprint with orders from existing customers. The new installation orders from International Supermarket Chain Ahold's Stop&Shop subsidiary are an increase to locations that have been operating as part of ICOA's Wi-Fi Networks in a number of locations since 2006. ICOA continues to expand its network at Ahold's Stop&Shop and Giant locations in the US.
ICOA is positioning itself to be an industry leader in filling the growing need for safe, secure, Wi-Fi hotspots. ICOA's Wi-Fi Networks are powered by its own Proprietary Operating System (OS) TollBooth™ that won the "Best Of Show" award by Juniper Media.
The new orders are a strong testimony by the customers to ICOA's highly reliable, custom design, private label Wi-Fi solution, offered either as an amenity or a pay-per-use service to Regional, National Food and Hospitality Chains as well as Independent Businesses. Internet security has become a concern to large and small companies, and secure Wi-Fi networks are essential to the consumer experience. ICOA over the past nine years has developed a positive reputation for the design and installation of highly secure and robust Wi-Fi Networks.
ICOA's management attributes the expansion in the new orders and the requests for roaming to the exponential growth in sales of Smartphone's, tablets, laptops, e-readers and music players' devices – all of which increases the demand for Wi-Fi connectivity.
As data usage, especially on Mobile devices continues to skyrocket, retailers, restaurants, food chains, wireless and cable carriers are beginning to see the great potential in leveraging Wi-Fi in order to capitalize on new revenue channels and Location Based Marketing while promoting their brands.
ICOA is positioning itself in the market place as a strong Wi-Fi Services Provider with unique experience and great technology expertise is servicing National Chains of all venues.
ICOA expects to substantially increase its organic revenues with these orders and generate new incremental revenue from Roaming and Advertising Strategic partnerships both in place and in negotiation.
ICOA, Inc. (OTCPK: 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 broadband access installations in high-traffic locations across 40 states, located in airports, quick-service restaurants, hotels and motels, travel plazas, marinas etc. ICOA networks are compatible with widely-used 802.11x technology and with virtually all Internet service providers. Further information is at www.icoacorp.com .
This press release includes forward-looking statements related to theglobe.com, 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 and our subsequent filings found on OTC Markets website bringing the Company current in its public reporting responsibilities as a OTC Pink Sheet Company through March 2012. Copies of these filings are available online at http://www.sec.gov and http://www.otcmarkets.com/stock/ICOA/company-info. Prospective investors are cautioned that forward-looking statements are not guarantees of performance. Actual results may differ materially and adversely from management expectations.
SOURCE ICOA, Inc.
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