Category: Press

LICT CORPORATION TO PARTICIPATE IN FCC’S NEW “A-CAM” SUPPORT PROGRAM

Rye, New York — February 1, 2017 – LICT Corporation (“LICT”, OTC Pink ®: LICT) is today announcing that each of its operating telephone company subsidiaries which is eligible to participate in the new “Alternative – Connect America Model” (“A-CAM”) program adopted by the Federal Communications Commission (“FCC”) has elected to do so.

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LICT Corporation Reports Third Quarter 2016 Results and Notes Increased Outlook For Full Year Results Before $30.48 Per Share Of Charitable Contributions

Rye, NY – October 18, 2016 – LICT Corporation (“LICT”; OTC Pink®: LICT) reports results for the third quarter ended September 30, 2016.

THIRD QUARTER RESULTS – Overall 2016’s third quarter revenues rose 6.3% over 2015’s, to $22.9 million due to an over 11% gain in non-regulated revenues, $10.7 million from the prior year’s $9.7 million. This was traceable to increased broadband and competitive local exchange carrier (“CLEC”) revenues. Revenues from our regulated operations grew $0.3 million to $12.2 million from $11.9 million for the prior year’s quarter, reflecting higher interstate revenues at our Utah operations and higher intrastate revenues at our New Mexico operations, offset by lower regulated revenues at our Michigan and Kansas operations. 

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LICT Corporation Announces Update to Participation in Shareholder Designated Charitable Contribution Program

Rye, New York- July 29, 2016 – LICT Corporation (“the Company”, OTC Pink: LICT) announced today as of July 22, 2016 it had 10,018 registered shares that were eligible to participate in its previously-announced Shareholder Designated Charitable Contribution Program.  On June 2, 2016, the Company announced the adoption of its Shareholder Designated Charitable Contribution program for all registered shareholders. Each registered shareholder (and only registered shareholders) will be eligible to designate a charity to which the company will make a donation of $100 per share on behalf of the shareholder.  Accordingly, if all of the eligible 10,018 shares owned by our registered shareholders participate in the program, LICT’s charitable contribution would total $1.0 million. After tax effects, this donation would decrease the Company’s earnings per share by $31 in the third quarter of 2016 and would reduce its previously announced earnings per share estimate for 2016 from $336 to $305.

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LICT Extends Date for Participation in Shareholder Designated Charitable Contribution Program

Rye, New York- July 13, 2016 – LICT Corporation (“the Company”, OTC Pink: LICT) announced today it has extended by one week, from July 15 to July 22, 2016, the period within which its shareholders may register shares in their own name in order to participate in the Company’s previously-announced Shareholder Designated Charitable Contribution Program. On June 2, 2016, the Company announced the adoption of its Shareholder Designated Charitable Contribution program for all registered shareholders. Each registered shareholder will be eligible to designate a charity to which the company will make a donation of $100 per share on behalf of the shareholder. As in the case other similar programs, only registered shareholders will be eligible to participate. 

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LICT Establishes Shareholder Designated Charitable Contribution Program

Rye, New York- June 2, 2016 – LICT Corporation (OTC Pink: LICT) announced today it has adopted a Shareholder Charitable Contribution program for all registered shareholders. Each shareholder will be eligible to designate charities to which the company will make a donation of $100 per share on behalf of the shareholder.

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