WARWICK, R.I., Aug. 24, 2004 (PRIMEZONE) -- ICOA, Inc. (OTCBB:ICOA), a provider of neutral-host broadband wireless Internet solutions in high traffic public locations such as airports, marinas and restaurants, announced today the strengthening of its senior management team with the appointment of Dennis diBattista as Vice President of Sales. Mr. diBattista is a veteran of the communications infrastructure industry with a record of success in solution sales, business management, and revenue accumulation.
"Appointing Dennis as Vice President of Sales is a significant step forward for ICOA and its shareholders as we strengthen our management team and continue our rapid growth in broadband services," said George Strouthopoulos, ICOA's CEO. "Dennis has a long and successful track record building revenue for growing companies. He is being charged with developing our national sales team and leading revenue generation across all divisions and is uniquely positioned to drive sales synergies across ICOA's multiple business units."
Prior to ICOA, Inc., Mr. diBattista was a founding Member and President of QGO, now a wholly-owned subsidiary of ICOA, Inc. At QGO, Mr. diBattista led the company's growth in securing national accounts such as Panera Bread and Au Bon Pain. Prior to QGO, Mr. diBattista founded QC2, a provider of contract installation services to Fortune 100 accounts, generating over $20 million in revenues. Prior, Mr. diBattista was Vice President of Operations for Telergy, Inc where he managed the construction of a 300-mile fiber optic network. Prior, Mr. diBattista was General Manager of Brooks Fiber Communications, responsible for the Rhode Island subsidiary operations where he oversaw $20 million in capital expenditures. Mr. diBattista holds an MBA from the University of Rhode Island, an MA from the University of Pennsylvania, and is a graduate of Boston University.
"ICOA has established a solid platform for rapid growth over the coming years," said Mr. diBattista. "I look forward to the opportunity to significantly enhance shareholder value by rapidly ramping revenues and opening greenfield opportunities as broadband wireless alters the telecommunications landscape."
About ICOA, Inc.
ICOA, Inc., (OTCBB:ICOA) located in Warwick, RI, is a leading provider of Neutral-Host wireless and wired broadband Internet networks in high traffic public locations. ICOA, Inc. provides design, installation, operations, maintenance and management of neutral, common-use 802.11x standard WLAN Wi-Fi Hotspot and Hot Zone infrastructure throughout airport facilities, Quick Service Restaurants, Marinas and Hospitality locations, as well as High Speed Internet Terminals (WebCenter3000(tm)). ICOA currently operates or manages over 410 installations serving more than 20 million, including 325 Panera Bread locations, the San Francisco International Airport (SFO), Spokane International Airport (GEG), the Greater Baton Rouge, Louisiana Airport (BTR), Sacramento International Airport (SMF), Manchester Airport (MHT), Savannah/Hilton Head International Airport (SAV), Fresno-Yosemite International Airport (FYI), 34 Marinas in California and Rhode Island's Newport Harbor 'Hot Zone.' For additional information, please visit www.icoacorp.com.
'Safe Harbor'
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.