Icoa Inc (ICOA)

[jmvala]

Email from George about the CFO......


Josh,



All calls for customer support and potential new clients from WISP are directed to ICOA’s office lines.

Regarding the acquisition of the WISP it will help us increase our footprint; it is an easy acquisition because ICOA managed ALL the back office transactions and customer service. ICOA provides these management services (on a fee basis) to a number of small Wi-Fi Providers in North America. As the Company stated in earlier PR's it will be looking for JV/acquisitions within the list of these customers



Some other questions regarding “Hotzones” from the WSJ article:

Icoa at the present time ONLY sets up HotSpots.Hotzones are set up by the major carries and other companies that sell broadband subscriptions. Our model is to offer free Wi-Fi and get revenue from the locations monthly as well as roaming fees from other partners when their subscribers use our networks. In the future also from advertising when our network grows to over 1.000 locations as it was a few years back.



George Strouthopoulos

Email:[e-mail]

www.icoacorp.com ;



From: JMVala [mailto:[e-mail]]
Sent: Thursday, February 03, 2011 11:19 AM
To: [e-mail]
Subject: Great News! One question if you would please..



George,

I love the action to buy up WISP, it sounds like a very solid company to acquire. I just have one quick question, I tried to call WISP and when I get the voicemail it is the same as your CFO of ICOA, Erwin Vahsing. My question is, what is the relationship of Mr. Vahsing in both companies? Also, was Mr. Vahsing's employment at WISP affect your decision? It just seems the shareholders are a tad confused.


Thanks for your time,

Josh Vala