ICOA, Inc. (OTCPK: ICOA) signed a letter of intent to acquire membership interest of Wi-Fi Internet Service Providers, LLC on February 3, 2011. The deal is subject to execution of a definitive agreement and normal due diligence. The deal is expected to close by the end of the first quarter of 2011. ICOA, Inc. (OTCPK: ICOA) cancelled the acquisition of membership interest of Wi-Fi Internet Service Providers, LLC on February 3, 2012.