ICOA News ICOA Completes Acquisition of Majority Interest In Tango Software Corporation

2012-07-26 11:17 ET - News Release

Enters multibillion dollar e-Commerce Payment Space

WARWICK, R.I., July 26, 2012 /PRNewswire/ -- ICOA, Inc. (OTCPK: ICOA) is pleased to announce that it has completed the acquisition of a majority interest in Tango Software Corporation, a privately held Canadian company that develops mission critical software.

Tango Software Corp. (Tango) designs and develops mission-critical software specializing in e-Commerce payment processing software, high-availability (24/7) solutions for enterprise-scale Internet websites, Internet security and digital identity protocols, and computer control systems for industrial, electrical, and refrigeration applications.

Recently, Tango announced an exclusive agreement with Global Filipino Solutions Incorporated (GFSI), to build an advanced Payment Processing Gateway. Tango is also the primary software developer for GFSI current endeavors.

The exclusive arrangement with GFSI ( www.filipinosolutions.com ) is to design, develop, and deploy a world-class banking remittance and credit card processing system (eCommerce and payment processing gateway) for GFSI's booming merchant base.