Rye, New York – June 4, 2014 – LICT Corporation (“LICT” or the “Company”) today announces that its Board of Directors has authorized the re-purchase by the Company of an additional 1,000 shares of its common stock. The previous re-purchase authorizations by the Board of Directors, totaling 4,000 shares, had been exhausted. As with the prior re-purchase authorizations, the Company is adopting this increase because it believes that its stock buy-back program serves the interests of both shareholders and the Company itself. LICT expects to make re-purchases pursuant to this new authorization in the open market such times, prices and in amounts which it determines to be appropriate.
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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 future financial results, anticipated 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, and such 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 Pink Sheets® under the symbol LICT. Its World Wide Web address is: http://www.lictcorp.com.
Contact: Robert E. Dolan
Executive Vice President and Chief Financial Officer