ICOA Cancels 2.5 Billion Common Stock Shares (OTC PINK: ICOA)

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ICOA Inc. (OTC PINK: ICOA)

Las Vegas, Nevada, Oct. 08, 2021 (GLOBE NEWSWIRE) — 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 Crypto Space through multiple acquisitions, announces it has cancelled a total of 2.5 billion outstanding common shares to date.

ICOA’s management team is pleased to report that it has cancelled a total of 2.5 billion outstanding common shares so far.

Previously, the Company outlined part of the management’s strategy to improve the Company’s balance sheet. Among such initiatives, the Company announced the planned cancellation of up to 2.59 billion Common Stock, as well as the settlement and cancellation of Debt and Convertible Debentures.

Management is in the process of finalizing the Settlement and Cancellation of Debt and Convertible Debentures and will be providing more updates on that item in the coming weeks.

In the spirit of speeding forward, and with the approval of the shareholders of the incoming acquisition targets, the Company also wishes to advise its shareholders that it will possibly move ahead with its two acquisitions before the Settlement and Cancellation of Debt and Convertible Debentures is completed.

Lastly, the Company wishes to report that it is currently in advanced talks to enter the NFT space.

George Strouthopoulos, Chief Executive Officer of ICOA, Inc. added

Each move we have made this far has contributed to the larger plan to create new and exponential value for our shareholders. Cancelling outstanding shares is only a small part of the bigger picture.”.

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 and Crypto Space through multiple acquisitions.

About iBG Finance

iBG is a Decentralized 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


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