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The Revealed Brand Name of Soon-To-Launch BTC-Denominated Fund

MCAPMediaWire – BGBF, a Southeast Asia Bitcoin-denominated fund that will be launching its highly-anticipated second sub-fund in early May 2022, has announced that ‘The ICOA Fund’ will be the official brand name of this second sub-fund.

Set to be a Monetary Authority of Singapore regulated fund, this second sub-fund has so far been referred to by its working title of ‘BGBF-2’.

The rationale behind choosing The ICOA Fund as the brand name is to deepen and demonstrate the strong bond and collaboration it will have with its parent company, ICOA Inc.

ICOA Inc. as the parent company, and The ICOA Fund as a subsidiary brand, will undoubtedly draw from the other’s reputational strengths and networks. Together, they will more powerfully increase the awareness and reach of the ICOA brand, with the overt connection between parent and sub-fund allowing for joint marketing opportunities and efficiencies.

BGBF’s holding company, BCMG, was acquired in late 2021 by ICOA Inc. ICOA Inc.is a publicly traded Nevada-based company operating in the fintech, blockchain, decentralised finance, and cryptocurrency spaces through strategic acquisitions and joint ventures.

The ICOA Fund will launch with a hard commitment of 2000 BTC. It will invest exclusively in BTC and BTC Derivatives and offer insurance coverage and underwriting for public offering security insurance. The new fund will retain the strapline of ‘Multiplying Bitcoins’ used by BGBF’s first fund, BGBF-1.

Details on the trading philosophy and investment structure behind The ICOA Fund will be announced at launch. As a summary:

  • A maximum of 70% will go towards three BTC yield generating sub-strategies;
  • A maximum of 30% will be invested into Market Making and liquidity pools of carefully selected projects.

ICOA Inc.’s Chief Executive Officer Hadria Wong comments: “ICOA and BGBF effortlessly connect on our collective core mission of bridging traditional finance and virtual assets. As we have learned through working alongside each of our subsidiaries, our ecosystem is much more powerful when we combine forces and lean on each other.

The ICOA team is thrilled to soon launch ‘The ICOA Fund’ and turn it into a great success and opportunity for our investors.”

Top level information on the The ICOA Fund can still be found at www.BGBF.fund. The new URL of www.icoa.fund will go live in the next 24 hours. Please note that a branding transition will be in operation for the next week. Website visitors are therefore advised that references to BGBF-2 might still exist until the official launch of The ICOA Fund in early May 2022.

For more information on ICOA Inc., please visit icoa.tech or the official ICOA Twitter here.

For further information, please contact [email protected]

About ICOA

ICOA is a publicly traded Nevada-based company operating in the fintech, blockchain, decentralised finance, and cryptocurrency spaces. Establishing itself as a heavyweight in the innovative tech space through introducing millions of people— across forty states— to wired and wireless broadband networks, ICOA now looks to the next wave of transformative technology— blockchain.

The highly experienced ICOA team supports its investors through strategic acquisition, identifying the most promising and exciting opportunities across the whole blockchain ecosystem. By acquiring or partnering with a spectrum of deliberately chosen projects or teams from key verticals, ICOA delivers on its mission of bringing digital assets to every portfolio and making blockchain opportunities accessible and safe for retail and institutional investors alike.

For more information on ICOA, visit its company website here.

About BGBF

BGBF is Southeast Asia’s first POSI-insured, Bitcoin-denominated, and Monetary Authority of Singapore-regulated fund. A unique fund with a Bitcoin in, Bitcoin out structure, BGBF multiplies its clients’ BTC while providing them with additional unparalleled security measures— so they can trust their assets are in safe hands.

Open to accredited investors as per Singapore Jurisdiction, BGBF delivers guaranteed returns through an innovative investment strategy and provides convenience through effortless FIAT conversions. Investing in BTC has never been simpler or more dependable.

In late 2021, BGBF’s holding company, BCMG, was acquired by ICOA, a publicly-traded Nevada-based company operating in the fintech, blockchain, decentralised finance, and cryptocurrency spaces. BGBF seamlessly lends itself to ICOA’s mission to bridge traditional finance with virtual assets.

To learn more, please head to BGBF’s website here.

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.

ICOA Closes 240 Million BGBF Acquisition

In business, a takeover is the purchase of one company by another. In the UK, the term refers to the acquisition of a public company whose shares are listed on a stock exchange, in contrast to the acquisition of a private company.

McapMediaWire – ICOA Inc. (OTC PINK: ICOA) (“ICOA” or the “Company”) a publicly traded Nevada company currently entering the DeFi, Blockchain, NFT and Metaverse space through multiple acquisitions, announces the closing of its acquisition of BGBF, South East Asia’s 1st insured Bitcoin Fund.

The terms of the LOI have been finalised and legal sign off has been completed. As such, the Company’s management has elected to move ahead with the closing of its BGBF acquisition in a transaction valued at USD 240000000.

As part of the acquisition, ICOA is acquiring 100% of BGBF in return for RESTRICTED PREFERRED shares of ICOA.

“Months of work have finally come to fruition. BGBF is now part of the ICOA Family. We know our shareholders and investors were eager to hear this news. We could not be happier or more optimistic about this latest development. The team has been hard at work laying the foundation for what we intend to make ICOA into a strategic and thought leader in the Crypto, DeFi, NFT and Metaverse space is what we aim to become. With the continuous support and advisory of Dr. Vin Menon and his team, we expect iBG and BGBF to become a name brands in our industry.” said Hadria Wong, CEO of ICOA Inc.

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 publicly traded Nevada company currently entering the DeFi, Blockchain, NFT and Metaverse space through multiple acquisitions. ICOA entered the DeFi space with its first acquisition of IBG Finance and expects to close the second acquisition of BGBF in December 2021.

About BGBF

BGBF Company Logo

BGBF Company Logo

BGBF is South East Asia’s First Insured Bitcoin denominated Fund. The Fund provides Bitcoin exposure to investors, while offering insurance coverage & underwriting for public offering security insurance (POSI), striving to deliver safe and secured investment.

Twitter: https://twitter.com/BGBF_I

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: Erwin Vahlsing
Email: [email protected]

ICOA Signs LOI for 240 Million Acquisition of BGBF

McapMediaWire – ICOA 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 it has executed a Letter of Intent to acquire BGBF, Asia’s first insured Bitcoin Denominated Fund, in a transaction valued at USD 240000000.

The Fund provides Bitcoin exposure to investors, while offering insurance coverage and underwriting for public offering security insurance, striving to deliver safe and secured investment.

Structured as a regulated and Central Bank compliant entity, BGBF’s technology offers both Hybrid and Centralised Finance as is targeted at accredited and institutional investors.

The LOI executed by ICOA and BGBF outlines the terms of the transaction which is valued at USD 240 Million and anticipated to close within 30 days. As part of the acquisition, ICOA will be acquiring 100% of BGBF in return for restricted preferred shares of ICOA.

Dr. Vin Menon, Co-Founder and Advisor of BGBF added “The case for Bitcoin has been made. There is no doubt at this point it is here to stay. With the recent increase in adoption by both retail and institutional players as well as the approval of the first Bitcoin ETF, the level of confidence in Digital Assets is at an all-time high. BGBF was positioned from the onset to take advantage of this massive opportunity.”

George Strouthopoulos, Chief Executive Officer of ICOA, Inc. added “We are speeding along our acquisitions to position the Company for success in the DeFi, Blockchain, NFT and Crypto Space. This latest pending acquisition is a major milestone for us and we look forward to continuing on this path. This second acquisition further demonstrates the resolve of the Company and its ability to create shareholder value in the Crypto 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 network support for broadband access installations in high-traffic locations across the United States including, quick-service restaurants, hotels and motels, travel plazas, marinas etc.

ICOA is currently entering the DeFi, Blockchain, NFT and Crypto Space through multiple acquisitions.

About BGBF

BGBF is South East Asia’s First Insured Bitcoin denominated Fund. The Fund provides Bitcoin exposure to investors, while offering insurance coverage & underwriting for public offering security insurance, striving to deliver safe and secured investment.

Twitter: https://twitter.com/BGBF_I

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]