ICOA Settles and Cancels 1.24 Million Debt

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Las Vegas, Nevada, November 24, 2021 (GLOBE NEWSWIRE) – ICOA, Inc. (OTC PINK: ICOA) (“ICOA” or the “Company”) a Nevada-listed company and a national wireless broadband provider and wired Internet networks in public places with high traffic, currently entering the DeFi, Blockchain, Crypto and NFT space through multiple acquisitions, announce the settlement and write-off of 1,240,139 of accumulated debt.

As part of the ongoing reorganization of the Company’s structure and new business management, ICOA management negotiated the settlement and wrote off $ 1.24 million of the accumulated debt. The Company expects to fully settle and write off all remaining debts over the next few weeks.

Erwin Vahlsing Jr., CFO of ICOA, Inc. added “This is one of the last steps in our reorganization plan. Clean up the balance sheet and give ICOA and its valuable shareholders a solid foundation on which to build. With the recent acquisition of IBG and the impending closure of BGBF, we are in an ideal position to create shareholder value exponentially..

We invite shareholders and investors to follow our social media account on Twitter for daily updates on the latest developments.

Twitter: https://twitter.com/icoa_inc

About ICOA INC.

ICOA, Inc. is a nationwide provider of wireless and wired high-speed Internet networks in high-traffic public places. ICOA ensures the design, installation, operation, maintenance and management of WI-FI hotspots and hot-zone Internet access. ICOA owns or operates broadband access facilities in high traffic locations in 40 states, located at airports, quick service restaurants, hotels and motels, travel centers, marinas, and more. ICOA networks are compatible with widely used 802.11x technology and with virtually all Internet service providers. ICOA is currently entering the DeFi, Blockchain and Crypto space through multiple acquisitions.

About iBG Finance

iBG is a decentralized finance wealth management (DeFi) platform designed to bring simplicity to users interested in entering the cryptocurrency and DeFi market. iBG is equipped with the latest Robo Advisory technology to provide algorithm-based recommendations.

Website: https://ibg.finance

Twitter: https://twitter.com/IbgFinance

SAFE PORT DECLARATION

This press release contains forward-looking statements which may be identified by words such as “believes”, “expects”, “, ‘,”. , “or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from future results implied by such statements. These factors include, but are not limited to limited thereto, our ability to continue to improve our products and systems to cope with industry changes, our ability to expand our customer base and retain existing customers, our ability to compete effectively in our market segment, the lack of public information about our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue our business and a limited public market for our common shares, among other risks. Many factors are difficult to predict with precision and are generally beyond the control of the company. Forward-looking statements speak only as of the date on which they are made, and we do not undertake to update any forward-looking statements to reflect circumstances or events that occur after the date on which the forward-looking statements are made.

FOR MORE INFORMATION PLEASE CONTACT:
CONTACT: Kim Halvorson
[email protected]

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