ICOA Featured in December Forbes Magazine Special Section on Wi-Fi

ICOA, Inc. (OTC Bulletin Board: ICOA), a leading provider of neutral-host wireless
broadband Internet networks and managed services in high-traffic public
locations including airports, restaurants, marinas and hot zones, announced
today that the company, along with Nokia and Marriott, are included in a
special section of the December 27, 2004 issue of Forbes magazine.

The special section in Forbes, titled the "Wi-Fi Revolution: Unleashing
New Business Opportunities Within and Beyond the Enterprise," covers the
rapidly growing Wi-Fi industry. In tandem with the special section, the
company unveiled its new brand and marketing campaign called "We Power Wi-Fi.
Heard of Us? You Will."

Rick Schiffmann, president of ICOA, said, "This national exposure in
conjunction with our recent national 'Best of Show' award by Jupitermedia is
the launch of a new outreach and branding campaign to drive recognition of the
considerable progress the company is making. ICOA is executing to plan, and we
will continue to bring the exciting ICOA story to Wall Street and Main
Street."

The special section can be viewed at
http://www.forbes.com/specialsections . To see ICOA's advertisement online, go
to http://www.hawkassociates.com/ICOA/company.htm .

The foregoing contains "forward-looking statements," which are based on
management's beliefs, as well as on a number of assumptions concerning future
events and information currently available to management. Readers are
cautioned not to put undue reliance on such forward-looking statements, which
are not a guarantee of performance and are subject to a number of
uncertainties and other factors, many of which are outside ICOA's control,
which could cause actual results to differ materially from such statements.
For a more detailed description of the factors that could cause such a
difference, please see ICOA's filings with the Securities and Exchange
Commission. ICOA disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise. This information is presented solely to provide
additional information to further understand the results of ICOA.

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