STRATEGIC PARTNERS
February 19, 2002
WARWICK, R.I. - ICOA Inc. (OTCBB:ICOA), seeking greater diversity in its kiosk holdings, has purchased a network of 115 Internet kiosks from Go Online Networks Inc. (OTCBB:GONT). The kiosks are located in hotels and conference centers in 19 states. Financial terms were not disclosed.
Based in Warwick, R.I., ICOA has deployed a network of airport telecommunications kiosks in San Francisco. The kiosks offer telephone, e-mail, faxing, and e-commerce services.
Company officials said the transaction would represent a significant step forward for the company.
"This acquisition advances our existing network of airport kiosks," ICOA chief executive officer George Strouthopoulos said in a news release. "These valued new locations significantly increase our reach and advertising opportunities, allowing us to leverage our existing network and cybercenter."
While ICOA is strengthening its commitment to kiosks, Go Online officials said company developments forced a shift in strategic focus.
"The rapid growth of our computer services division Digital West Marketing has necessitated a refocus of the (Go Online) management direction," Joe Naughton, Go Online chief executive officer, said in a news release.
