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ICOA Signs LOI for 240 Million Acquisition of BGBF

Las Vegas, Nevada, October 26, 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 it has executed a Letter of Intent (“LOI”) 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 (POSI), 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 (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: Kim Halvorson
Email: [email protected]

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]