Google Inc. and ICOA, Inc. denied PRWeb's news report about Google acquiring ICOA for $400 million. Erwin Vahlsing Jr., Chief Financial Officer of ICOA told CNET that the news is false. George Strouthopoulos, Chief Executive of ICOA said, "The company has never had any discussions with any potential acquirers.

Someone, I guess a stock promoter with a dubious interest, is disseminating wrong, false and misleading info in the PR circles. ICOA will report this to the proper authorities."