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ICOA closes acquisition of WiSE Technologies

May 31, 2005

WARWICK, R.I. - ICOA Inc., a national provider of wireless broadband Internet networks and managed services in airports, restaurants, marinas and hot zones, announced in a news release it has closed its acquisition of WiSE Technologies Inc., a Landover, Md. provider of Wi-Fi services to airports, hospitality, higher education, multiple dwelling units, highway plazas and cafes.

The WiSE footprint includes over 50 high-traffic public locations. All WiSE locations will be integrated into ICOA's national infrastructure.

WiSE Technologies, through a contract with HMSHost and other strategic partners, provides broadband wireless and wired/kiosk public Internet access in 12 airports. The contract with HMSHost includes the option for expansion into 59 additional airports worldwide.

Under a contract with HMSHost, WiSE Technologies recently deployed broadband wireless Internet service in two highway travel plazas with the option to expand service into 95 additional highway travel plazas across North America.

Under an umbrella agreement with the Higher Education Wireless Access Consortium, WiSE and ICOA have deployed and are managing five campus-wide broadband wireless networks. The five-year HEWAC agreement includes the option to extend the program to 10 new campuses per year with the company serving as the exclusive wireless Internet service provider.

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