Here's part of the ICOA profile from our site...
We picked ICOA when it was still at .09 on 8/26/99...I'm surprised no one posted it before. Though this report was drafted almost a month ago, there's still some good info as well as news links, ICOA site link, etc., float info, etc. Hope this helps a bit. Check out our profile for the URL to our site.
...ddinvestor.com
Company Overview:
INFORMATION COMPANIES OF AMERICA, INC., a/k/a ICOA, Inc., since its inception in 1985 has designed and invested in technologies and companies that specialize in the distribution of information and telecommunications services. ICOA is repositioning itself to become the leader in the Public Access Terminals capitalizing on the new emerging use of the internet.
ICOA, INC. has invested approximately $1 million in its wholly owned subsidiary, WEBCENTER TECHNOLOGIES, INC. (WTI). WTI designs and oversees the manufacture of new generation Internet pay stations which feature fax, copy and print functions, e-mail and Internet access, as well as traditional payphone services. WTI's management team has more than ten years experience in designing, marketing, and maintaining public access terminals. Many of the 2,000 payphones and fax terminals sold to payphone operators and telecommunications companies in the US, Canada, and Europe are still in operation after ten years of use. The Company is leveraging its product development and management experience, its reputation for quality and reliability, and its market expertise to penetrate the marketplace for the next generation pay station. These "WEBCENTERS" known as "webphones" will be available at specially designed internet kiosks a/k/a public access terminals. This is going to be huge! The Company has standing orders from both new and former customers in North and Latin America, Europe, and the Pacific Rim.
The Company recently announced that it has entered into a formal agreement with Pacific International Telecom, Inc., of Hawaii for Exclusive License and Distribution Agreements for Hawaii, Guam, Tonga, Samoa, Fiji, Okinawa and Saipan; with an opening order for 150 webphone centers. If they meet their marketing goal to install up to 500 webphones in the above territories they could realize $3,000,000 in revenue. A like agreement was just signed with PITI for Japan, with an opening order for 75 webphone centers with product development and services, and subsequent commitments for a total of 1,500 units adding an estimated $9,000,000 more in revenue.
Contacts:
George Strouthopoulos, President and CEO
Erwin Vahising, Jr., Acting CFO and Board Member
Robert Galbreath, Vice President Sales & Marketing and Board Member
Corporate Offices:
ICOA, Inc.
111 Airport Road, Suite 1
Warwick, RI 02889
Telephone: (401)739-9205
Disclaimer
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