News

ICOA to buy Internet kiosk vendor Internet Media Group

December 17, 2003

CITY OF INDUSTRY, Calif.-ICOA Inc. (OTCBB: ICOA), announced a Letter of Intent to purchase Internet Media Group Inc. (IMG), a privately held, Massachusetts-based owner-operator of high-speed Internet kiosks.

According to a news release, IMG currently operates the kiosks at multiple airports and resort and hotel locations.

Under the terms of the letter, IMG would be acquired by ICOA, which will operate, expand and promote IMG's locations. With IMG's 20 Internet Kiosks at Boston Logan International Airport and ICOA's installed base of 63 Internet Terminals in San Francisco International, and four in Greater Baton Rouge Airport, ICOA will now offer public broadband Internet service to more than 55 million airline passengers annually.