LICT Corporation Announces Search for Chief Executive Officer

RYE, N.Y.--(BUSINESS WIRE)--LICT Corporation (OTC Pink: LICT) is announcing that it is conducting a search for a Chief Executive Officer.

The search will focus on an individual with broadband experience, who will augment and accelerate LICT’s plan to deploy high speed broadband service to the communities we serve in six states.

Mr. Mario J. Gabelli, (y)our current CEO, will serve in the role of Executive Chairman.

All inquiries may be addressed to the Executive Committee of LICT’s Board of Directors.

This release contains certain 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, including without limitation anticipated financial results, financing, capital expenditures and corporate transactions. It should be recognized that such information is based upon certain assumptions, projections and forecasts, including without limitation, business conditions and financial markets, regulatory and other approvals, and the cautionary statements set forth in documents filed by LICT on its website, www.lictcorp.com. As a result, there can be no assurance that any possible transactions will be accomplished or be successful, or that financial targets will be met. Such forward-looking information is subject to uncertainties, risks and inaccuracies, which could be material.

LICT Corporation is a holding company with subsidiaries in broadband and other telecommunications services that actively seeks acquisitions, principally in its existing business areas.

LICT Corporation is listed on the OTC Pink^® under the symbol LICT. For further information visit our website at http://www.lictcorp.com.