Director Gary L. Sugarman to Take Sabbatical

Rye, New York – April 2, 2018 – LICT Corporation (OTC Pink: LICT) today announces that Mr. Gary L. Sugarman has taken a sabbatical from his role as Director of our Board effective March 30, 2018.  Mr. Sugarman became a member of the Board of Directors of the Company in September 2006.

Gary is an active director and makes substantial contributions.  We wish him well during this time and look forward to his return.


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, 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.

Contact:   Robert E. Dolan

Executive Vice President and

Chief Financial Officer

(914) 921-8821

Release:     18-4

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