Rye, NY – November 27,2015 – LICT Corporation (“LICT”; OTC Pink®: LICT) is today announcing that Mr. James DaBramo is joining the company as Chief Operating Officer on November 30, 2015.
Mr. DaBramo has had a long and distinguished executive career in the telecommunications industry, beginning in 1988. Most recently, from 2009 through 2012, he served as Executive Vice President – Sales, Marketing and Customer Care for Airband, Inc., then the nation’s largest fixed wireless service provider. He also served in that same executive capacity for UNSi, Inc. through 2014, following UNSi’s acquisition of Airband.
Mario Gabelli, Chairman and Chief Executive Officer of LICT, stated that “We are delighted to welcome an executive with the experience and ability that Jim DaBramo brings to our company. He has had vast experience and success in broad areas of the telecommunications arena over a period of nearly thirty years. We are confident that he will make a valuable contribution to LICT’s development and success as our COO.”
Mr. DaBramo said that “My decision to join LICT was based on its strong track record and the many opportunities it has for dynamic growth in telecommunications businesses. I am eagerly looking forward to helping with that growth and playing a role in the further development of this fine company.”
Mr. DaBramo will be based at LICT’s headquarters office in Rye, NY.
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This release contains certain forward-looking statements 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 certain assumptions 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 successful or that financial targets will be met, and such forward-looking statements are 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.
Contact: Robert E. Dolan
Executive Vice President and Chief Financial Officer
914/921-8821
Release: 15-7