PRWeb, the public relations company that transmitted, said it has taken down the release and "turned the matter over to the proper authorities."
Marketing company Vocus owns the PRWeb site. Vocus Director of Public Relations Frank Strong posted a statement to the company's Web site, saying that it was a matter of identity theft.
PRWeb transmitted a press release for ICOA that we have since learned was fraudulent. The release was not issued or authorized by ICOA. Vocus reviews all press releases and follows an internal process designed to maintain the integrity of the releases we send out every day. Even with reasonable safeguards identity theft occurs, on occasion, across all of the major wire services. We have removed the fraudulent release and turned the matter over to the proper authorities for further investigation.
The fraudulent press release was sent out this morning, but. The company's chief executive said the company has "never had any discussions with any potential acquirers."