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Microcap & Penny Stocks : ICOA : Information Company of America
ICOA 0.00010000.0%Dec 26 9:30 AM EST

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To: nycgreg who started this subject5/30/2001 1:16:55 PM
From: nycgreg   of 11
 
ICOA Unit Selects Schlumberger Telweb Solution and Schlumberger Network Solutions

WARWICK, R.I., May 25, 2001 /PRNewswire via COMTEX/ -- WebCenter Technologies, Inc., a wholly owned subsidiary of ICOA, Inc. (OTC Bulletin Board: ICOA chart, msgs), announced today that it has engaged Schlumberger Public Telecom and Schlumberger Network Solutions to conduct a feasibility study and generate a commercial proposal to deploy webpayphones in major U.S. airports. Schlumberger Network Solutions will provide the design and implementation services for the Network Infrastructure to support the webpayphones.

"We have spent the last two years evaluating product offerings from the leading public Internet access terminal manufacturers and have determined that the Schlumberger equipment represents the most durable and reliable technology available today," noted George Strouthopoulos, CEO, ICOA. "We are very confident that Schlumberger Public Telecom and Schlumberger Network Solutions will leverage their core competencies to produce a 'best-of-breed' solution to satisfy the requirements for airport installations," added Strouthopoulos.

"This new business relationship with WebCenter Technologies and the major U.S. airports involved in this project represents a tremendous opportunity for us to show powerful web-based applications to savvy consumers," stated Stephan Lepage, vice president, Schlumberger Public Telecom. "Our expertise in this area is perfectly matched to their needs and timing concerns."

"This feasibility study is the first step in the deployment of telweb phones and associated Network Infrastructure in major U.S. airports," said John Anderson, Northeast Technical Consulting Practice Manager, Schlumberger Network Solutions. "Schlumberger Network Solutions will help WebCenter Technologies advance to that next step by delivering superior support and high-availability network solutions."

About ICOA

ICOA, Inc., is a development stage company in the process of developing an automated network of Internet pay phone terminals with video advertising displays, through our wholly owned subsidiary WebCenter Technologies, Inc. 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.

About Schlumberger

Schlumberger Public Telecom is the world leader in the development, production and installation of advanced webpayphone networks, combining standard telephony with powerful web-based applications. Schlumberger Network Solutions combines fit-for-purpose technologies, secure network infrastructure and technical expertise to enable the digital enterprise. Leveraging state-of-the-art technical consulting capabilities, Schlumberger Network Solutions provides integrated information security solutions, wireless and remote network connectivity, secure global IP infrastructure, and complete network managed services. Schlumberger Limited (NYSE: SLB chart, msgs) is a global leader in technical services with 2000 revenue of $9.61 billion. Additional information is available from Realtime slb.com.

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.

For additional information, please call us at (401) 739-9205.

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Source: ICOA, Inc.

Contact:

Media, Laura Harrison of Marion Montgomery, Inc., 713-523-7900,
laura@mmihouston.com, for Schlumberger
URL: slb.com
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