LICT Corporation Appoints Joe Cecin as Chief Operating Officer

RYE, N.Y.--(BUSINESS WIRE)--LICT Corporation (OTC Pink®: LICT) (“LICT” or the “Company) is pleased to announce the appointment of Joe Cecin as LICT’s Chief Operating Officer, effective immediately.

“We are privileged to welcome Joe to LICT Corporation as our new Chief Operating Officer," said Mario Gabelli, Interim Chief Executive Officer of LICT. "With significant experience in the telecommunications industry and a track record of leading complex operating initiatives, Joe brings the operational rigor that will help us expand our market position and deliver sustained value to our customers and all our stakeholders. I am confident that his leadership will be instrumental as we continue to grow and execute on our strategic priorities.”

Mr. Cecin has more than 30 years of experience in the telecommunications industry. Mr. Cecin holds a Bachelor of Science degree in Electrical Engineering from the United States Military Academy at West Point and a Master of Business Administration from Stanford University. Mr. Cecin served as an officer in the United States Army’s 25^th Infantry Division and is a qualified parachutist, rappel master, and earned the U.S. Army Ranger tab.

Prior to joining LICT, Mr. Cecin served as Chief Executive Officer of Ontivity, a leading private-equity backed provider of telecommunications infrastructure engineering and construction services to carriers and infrastructure providers nationwide. He was also Chief Executive Officer of The Hylan Group and Executive Vice President – Operations of UniTek Global Services, both private-equity backed providers of communications infrastructure design, engineering and construction services for wireline, wireless and smart city service operators across the United States. Earlier in his career, Mr. Cecin was Chief Operating Officer of RCN Corporation, a competitive cable television and internet services provider and Managing Director of BB&T Capital Markets, the investment banking division of BB&T Corporation (now Truist).

About LICT Corporation

LICT Corporation is a holding company with subsidiaries in broadband and other telecommunications services that 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.