RYE, N.Y.--(BUSINESS WIRE)--LICT Corporation (OTC Pink: LICT) is announcing that it has begun a search for a Chief Executive Officer. The search will focus on an individual who will accelerate LICT’s broadband operations. Mr. Gabelli, who reassumed the CEO position in 2010, will continue to serve in the role of Executive Chairman.
LICT will make an investor presentation at the Sidoti Spring 2018 Conference, on March 29, 2018. Our presentation can be found on our website, www.lictcorp.com
As part of its presentation on operating results, the Company will announce that it is raising its guidance for 2018’s Revenues and EBITDA from operations, including affiliates, from $109 million and $49 million, respectively, to $110 million and $50 million, respectively. Our Board of Directors has not yet decided to continue our Shareholder Designated Charitable Contribution Program, and this data does not include any such donations.
This release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. It should be recognized that such information is based upon assumptions, projections and forecasts which may not prove to be correct or may develop differently from the manner originally expected. Such forward-looking information must be read and interpreted in light of the cautionary statements set forth in documents filed by LICT on its website, www.lictcorp.com. LICT is a holding company with subsidiaries in telecommunications and multimedia, and actively seeks acquisitions, principally in its existing business areas. LICT is listed on OTC Pink ® under the symbol “LICT”. Its web address is set forth above.