ICOA, Inc. cancelled the acquisition of majority stake in TANGO Software Corporation.
ICOA, Inc. (OTCPK:ICOA) cancelled the acquisition of majority stake in TANGO Software Corporation on October 11, 2012. ICOA, Inc. was unable to raise the necessary development funds required to complete development of the Payment Processing Gateway at this time, and it was felt that it was in the best interest of both companies to terminate their relationship so as not to impact contracts that were already in place with Tango.