By Daniel Webster, dWeb.News Publisher
| Source: Icoa, Inc.
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. The Company has announced that it will cancel 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.
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 has made multiple acquisitions to enter the DeFi, Blockchain, and Crypto Space.
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 has the most recent Robo Advisory technology that offers algorithm-driven recommendations.
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. Forward-looking statements can be affected by unknown risks and uncertainties. Actual results may differ from those implied by these statements. These include, but not limited to, our capability to improve our products and systems to address changes in the industry, our ability expand our customer base, retain existing customers, and our ability compete effectively in our market segment. There is also a lack of information about our company. We are unable to raise enough capital to finance our business, operations, or our ability continue as a going concern. Our common stock has a restricted public market. Many factors are hard to predict and generally out of the company’s reach. Forward-looking statements only speak as of the date made. We do not assume any obligation to revise forward-looking statement to reflect changes or circumstances that may occur after the date made.
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