Icoa Inc (ICOA)

[delta_penny]

Interesting find but how does this affect ICOA???


MIAMI--(PR Newswire)—April 14, 2009--Pacer Health Corporation, a Miami-based firm specializing in the acquisition and management of financially distressed businesses announced today that it has completed a transaction with YA Global Investments, L.P., acquiring $11.7 million in convertible debentures. The transaction brings five additional companies into the Pacer portfolio and continues Pacer along its strategic path of diversifying into industries outside the healthcare arena.

“This transaction is similar to the transaction Pacer entered into last May which allowed the Company to acquire Cargo Connection Logistics Corp. and expand our turnaround management expertise into the distribution and logistics industry,” said Rainier Gonzalez, chairman and chief executive officer.

The debentures, belonging to 5G Wireless Communications, Inc., Connected Media Technologies, Inc., Ei3 Corporation, EYI Industries, Inc. and ICOA, Inc., were assigned to Pacer as a result of the transaction.