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ICOA Closes 185 Million Acquisition of IBG Finance

Las Vegas, Nevada, October 13, 2021 – McapMediaWire – ICOA Inc. (OTC PINK: ICOA) (“ICOA” or the “Company”) a publicly traded Nevada company and a national provider of wireless and wired broadband Internet networks in high-traffic public locations, currently entering the DeFi, Blockchain, NFT and Crypto Space through multiple acquisitions, announces the closing of its acquisition of iBG Finance, the World’s 1st and only insured DeFi project. The transaction is valued at USD 185,000,000.

Terms of the LOI have been met and final due diligence checks have been completed. Therefore, the Company has elected to go ahead and complete the acquisition of iBG Finance in a transaction valued at USD 185,000,000.

Aneesha Reihana, CEO and Co-Founder of iBG said “Our entire team at iBG is very excited to embark on this new journey. The outlook for iBG and ICOA is very positive. The respective teams’ values are perfectly aligned. We expect this merger to pave the way for the rise of a leader in the DeFi space and for worldwide growth.”

George Strouthopoulos, Chief Executive Officer of ICOA, Inc. added “After countless weeks of due diligence and fine tuning, both Companies have reached satisfactory terms. We are excited about officially being in the Crypto & DeFi space, and about our ongoing initiatives to embark in the NFT space.”

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

Twitter: https://twitter.com/icoa_inc

About ICOA INC.

ICOA, Inc. is a national provider of wireless and wired broadband Internet networks in high-traffic public locations. ICOA provides design, installation, operation, maintenance, and management of WI-FI hot-spot and hot-zone Internet access. ICOA owns or operates broadband access installations in high-traffic locations across 40 states, located in airports, quick-service restaurants, hotels and motels, travel plazas, marinas etc. 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 Decentralised Finance (DeFi) wealth management platform designed to bring simplicity to users interested in entering the cryptocurrency and the DeFi market. iBG is equipped with the latest Robo Advisory technology to offer algorithm-driven recommendations.

Website: https://ibg.finance

Twitter: https://twitter.com/IbgFinance

SAFE HARBOR STATEMENT

This press release contains forward-looking statements that can be identified by terminology such as “believes,” “expects,” “potential,” “plans,” “suggests,” “may,” “should,” “could,” “intends,” or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the company’s control. Forward-looking statements speak only as to the date they are made, and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

FOR MORE INFORMATION, PLEASE CONTACT:

CONTACT: Kim Halvorson
Email: [email protected]

ICOA Signs LOI for 185 million Acquisition of IBG Finance

Las Vegas, Nevada, October 1, 2021 – ICOA Inc. (OTC PINK: ICOA) (“ICOA” or the “Company”) a publicly traded Nevada company and a national provider of wireless and wired broadband Internet networks in high-traffic public locations currently entering the DeFi, Blockchain and Cryptocurrency Space through multiple acquisitions, announces it has executed a Letter of Intent (“LOI”) to acquire iBG Finance, the World’s 1st and only insured (POSI: Public Offering Security Insurance) – DeFi project, in a transaction valued at USD 185,000,000.

Launched in September of 2020, iBG is a Decentralised Finance (DeFi) wealth management platform designed to bring simplicity to users interested in entering the cryptocurrency and the DeFi market. iBG is equipped with the latest Robo Advisory technology to offer algorithm-driven recommendations.

The iBG App is a smart yield aggregator platform providing an intuitive user experience to make it easy for all users to benefit from their digital tokens/cryptocurrencies. The App is offered as a customised recommendation engine by simplifying user experience to provide non-tech savvy users a way to interact with various cryptocurrency and DeFi assets that are built on blockchains. In traditional finance and portfolio management, you can get obtain advice and use automated platforms to enrich your trading strategies. iBG takes these principles and applies them in the cryptocurrency markets with advanced Al technology solutions.

The LOI executed by ICOA and iBG outlines the terms of the transaction which is valued at USD 185 Million and anticipated to close within 60 days. As part of the acquisition, ICOA will be acquiring 100% of iBG Finance in return for restricted preferred shares of ICOA.

Aneesha Reihana, CEO and Co-Founder of iBG said “Decentralised Finance is becoming increasingly pivotal to the overall Cryptocurrency Market and has doubled its market share since 2020. iBG Finance is proud to be part of an industry that has grown to $80 Billion in 2021. Our merger with ICOA could not have come at a better time. We expect this milestone will open new markets and opportunities for us moving forward.”

George Strouthopoulos, Chief Executive Officer of ICOA, Inc. added “ICOA’s mission statement has always been to be a player in the digital landscape for decades. I cannot think of a better way to further that mission. This first acquisition further accelerates our mission to contribute to the digital transformation journey.”

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

Twitter: https://twitter.com/icoa_inc

About ICOA INC.

ICOA, Inc. is a national provider of wireless and wired broadband Internet networks in high-traffic public locations. ICOA provides design, installation, operation, maintenance, and management of WI-FI hot-spot and hot-zone Internet access. ICOA owns or operates broadband access installations in high-traffic locations across 40 states, located in airports, quick-service restaurants, hotels and motels, travel plazas, marinas etc. 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 Cryptocurrency Space through multiple acquisitions.

About iBG Finance

iBG is a Decentralised Finance (DeFi) wealth management platform designed to bring simplicity to users interested in entering the cryptocurrency and the DeFi market. iBG is equipped with the latest Robo Advisory technology to offer algorithm-driven recommendations.

Website: https://ibg.finance

Twitter: https://twitter.com/IbgFinance

SAFE HARBOR STATEMENT

This press release contains forward-looking statements that can be identified by terminology such as “believes,” “expects,” “potential,” “plans,” “suggests,” “may,” “should,” “could,” “intends,” or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the company’s control. Forward-looking statements speak only as to the date they are made, and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

FOR MORE INFORMATION, PLEASE CONTACT:

Contact: Kim Halvorson
Email: [email protected]

CGCX Launches Advanced Decentralized Blockchain Platform

Houston, Texas, August 9, 2021 – McapMediaWire – Majic Wheels, Corp. (OTC Pink: MJWL) (“Majic” or the “Company”), a Delaware corporation, that is positioning itself as a player in the disruptive industries of fintech and software development by means of acquisitions, announces launch of iChain Advanced Decentralized Blockchain Platform by its wholly-owned subsidiary CGCX.

CGCX’s iChain is an ambitious Layer 2 scaling project dedicated to the establishment of a truly decentralised infrastructure. It provides one of the largest blockchain-based operating systems and offers public blockchain support of high throughput, high scalability, and high availability for all Decentralized Applications (DApps) on the CGCX iChain ecosystem.

iChain is designed to be a complete platform for launching interoperable blockchains and offers significant transparency, security, scalability, performance, and low/no gas fees.

The first project – iBG (www.ibg.finance), a Smart DeFi Robo Advisory app that provides users with AI enabled asset management, has already gone live on CGCX iChain, with more than 3000 transactions logged in the first hour. The second project is CGCX token. CGCX is the world’s first fully insured hybrid trading platform and its native utility token will migrate from Ethereum blockchain to iChain blockchain. There are two further enterprise blockchain projects in the pipeline that are due to go live on the CGCX iChain.

Aneesha Reihana, Chief Product Strategist of iBG.finance added: “CGCX’s iChain has provided us a scalable platform to expand our service offerings at not only no cost to our consumers, but even more importantly on an insured platform.”

The go to market strategy is to help fortune 500 multinational companies move into blockchain with a highly scalable/secured low to no cost model. This provides a truly decentralised platform and offers POSI (public offering security insurance) to all the digital assets available in the iChain platform, subject to insurance premiums.

The founder of CGCX and iBG Dr Vin Menon said: “We are very proud to be the world’s first insured platform where all the digital assets are reinsured by Lloyds of London Syndicates and provide safe custody and peace of mind for our asset owners. This is unique to the market, and we have been working on developing this infrastructure for a number of years.”

The CGCX iChain is a protocol designed to help scale key Decentralized Applications (DApps) by handling transactions off the Ethereum mainnet, while taking advantage of the robust decentralised security model of the mainnet, by anchoring transaction hashes to the mainnet, which ensures that the immutability of the blockchain is maintained.

iChain seeks to address some of Ethereum’s major limitations—including its throughput, poor user experience in terms of high speed and delayed transactions and its high gas fees. In a recent interview, Vitalik Buterin, Ethereum’s co-founder, has commented on how the Ethereum ecosystem will not work if gas fees cripple the average users and sees sidechains and parachains as playing a key role in reducing network costs, amplifying performance, and anchoring Ethereum.

About Majic Wheels Corp.

Majic Wheels Corp., a Delaware corporation, intends to position itself as a player in the disruptive industries of Fintech and software development by means of acquisitions and mergers. Majic Wheels Corp. is listed and traded on the Over-the-Counter Market under the trading symbol “MJWL”.

For more information about the Company visit:

Our OTC Markets Profile: https://www.otcmarkets.com/stock/mjwl/overview

Our website is: https://majiccorp.co/

Our Twitter account is: https://twitter.com/MajicCorp

Our Discord: https://discord.gg/apolloassets

About CGCX Ltd.

Founded in 2018, Calfin Global Crypto Exchange CGCX set out to offer a highly sophisticated cryptocurrency exchange for a seamless & secure crypto trading experience. Unlike most exchanges that offer only cryptocurrency trading, CGCX caters to the larger blockchain community by providing four services under a single platform.

CGCX Website: https://www.cgcx.io

SAFE HARBOR STATEMENT:

This press release contains forward-looking statements that can be identified by terminology such as “believes,” “expects,” “potential,” “plans,” “suggests,” “may,” “should,” “could,” “intends,” or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the company’s control. Forward-looking statements speak only as to the date they are made, and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made. SOURCE: Majic Wheels Corp.

FOR MORE INFORMATION, PLEASE CONTACT:
David Chong
Email: [email protected]