ICOA INC - Registered as a Reporting Company
Vancouver, BC, Apr 11, 2001 (Market News Publishing via COMTEX) -- ICOA, Inc. announced that it became a reporting company under the Securities Exchange Act of 1934, making it possible for ICOA to begin trading on the OTC Bulletin Board.
ICOA President and CEO George Strouthopoulos stated, "Our registration as a reporting company is exciting for ICOA, and is the realization of one of our key corporate goals. We expect to begin trading on the OTC Bulletin Board shortly, which will benefit our many loyal shareholders by giving them increased liquidity, and will provide ICOA with increased credibility and access to capital markets."
ICOA, Inc. is a development stage company in the process of developing an automated network of internet pay phone terminals with video advertising displays. We have developed the plans for a managed network to provide telecommunications, business, and e-commerce services via these terminals. The services we intend to provide include communication services such as telephone, e-mail, and facsimile; and business services such as copy and print; and e-commerce services, including advertising, shopping, and bill paying.
This press release contains certain forward-looking statements concerning ICOA, which are subject to a number of known and unknown risks and uncertainties that could cause actual results, performance and achievements to differ materially from those described or implied in the forward-looking statements. These risks and uncertainties include, but are not limited to, the risks and uncertainties discussed in the Company's Registration Statement on Form SB-2 on file with the SEC and other filings made with the SEC from time to time.
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