Press – Page 11 – LICT Corporation

LICT Corporation Reports Third Quarter 2014 Results

Rye, NY – October 28, 2014 – LICT Corporation (“LICT”; Pink Sheets®: LICT) reports solid results for the third quarter ended September 30, 2014.

THIRD QUARTER RESULTS –Revenues increased by $1.7 million, or 6.8% to $25.8 million compared to the corresponding quarter in 2013. EBITDA before corporate costs was $10.2 million versus $9.1 million, an increase of $1.1 million, or 11.6%, compared to 2013.

LICT Corporation Announces Upfront Payment For FCC Auction 97

Rye, NY – October 16, 2014 – LICT Corporation (“LICT”; Pink Sheets®: LICT) is announcing that its wholly-owned subsidiary Lynch 3G Communications Corporation (“Lynch 3G”) has deposited an Upfront Payment with the Federal Communications Commission (“FCC”) for the FCC’s Auction 97 of Advanced Wireless Services-3 (“AWS-3”) licenses. The Upfront Payment was required in order for Lynch 3G to participate as a bidder in Auction 97.

LICT Announces Closing of Transactions With Syringa Networks, LLC

Rye, New York – August 29, 2014 – LICT Corporation (OTC Pink®: LICT) (“LICT” or the “Company”) announced today the closing of two transactions between one of its Utah subsidiaries, Cache Valley Wireless, LLC (“CVW”), and Syringa Networks, LLC (“Syringa Networks”). CVW is a unit of LICT’s Utah operating subsidiary, CentraCom, with headquarters in Fairview, Utah. Syringa Networks is a provider of wireline and wireless telecommunications services and facilities, with headquarters in Boise, Idaho and operations in Idaho and Utah as well as several other western states.

In one of the transactions, CVW acquired from Syringa Networks certain fiber optic facilities located in the business district of Salt Lake City, and in the other transaction Syringa Networks acquired from CVW a Federal Communications Commission license for communications spectrum in the Logan, Utah area. In describing the effects of the deals, Eddie Cox, President of CentraCom, said “These transactions will provide great benefits for both of the companies involved and for the customers we serve. CVW’s new fiber optic facilities will substantially increase the area we serve and the bandwidth we are able to offer in Salt Lake City. We are contacting businesses located near these facilities to let them know of their availability beginning immediately.”

CentraCom serves the community of Fairview, Utah and its surrounding area as a Rural Local Exchange Carrier (“RLEC”). CentraCom and its affiliates also provide voice, high-speed data and video services to business, residential and institutional customer at a number of locations throughout Utah.

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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
914/921-8821

Release: 14-11

LICT Announces Receipt Of Preliminary, Non-Binding Acquisition Proposal

Rye, New York – August 28, 2014 – LICT Corporation (OTC Pink®: LICT) (“LICT” or the “Company”) announced today that it has received an unsolicited, preliminary and non-binding proposal from an unaffiliated third party to acquire the Company. As with an earlier unsolicited proposal which LICT disclosed on February 19, 2014, the current proposal represents a significant premium to LICT’s recent trading price. In addition, the proposed price is closer to the prevailing financial and marketplace dynamics in LICT’s industry than the previous proposal. However, the proposal is also subject to a number of contingencies.

As we noted in disclosing the February acquisition proposal, LICT’s main focus continues to be on growing the value of our businesses. The Company’s Board of Directors will nonetheless carefully analyze and assess any proposals. On that basis, the Board will reach a final determination as to whether the proposed price adequately reflects the private market value of LICT and would deliver full value to our stockholders.

If the Board concludes that the current proposal is “too tentative”, there can be no assurance that any revised proposal would be made or that, if made, a revised proposal would be adequate. The Company does not undertake any obligation to provide any updates with respect to this or any other potential transaction, except as required under applicable law.

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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
914/921-8821

Release: 14-10

LICT Corporation Reports Second Quarter 2014 Results

Rye, NY – August 11, 2014 – LICT Corporation (“LICT”; Pink Sheets®: LICT) announces its results for the second quarter of 2014.

SECOND QUARTER RESULTS –Revenues increased by $1.5 million, or 6.4% to $25.2 million compared to the corresponding quarter in 2013. EBITDA before corporate costs was $9.7 million versus $8.8 million, an increase of $0.9 million, or 10.2%, compared to 2013.

LICT Increases Stock Re-purchase Program

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.

LICT Corporation Reports First Quarter 2014 Results

Rye, NY – May 23, 2014 – LICT Corporation (“LICT”; Pink Sheets®: LICT) announces its results for the first quarter of 2014.

FIRST QUARTER RESULTS –Revenues increased by $1.5 million, or 6.4% to $25.0 million compared to the corresponding quarter in 2013. EBITDA before corporate costs was $10.5 million versus $9.1 million, an increase of $1.4 million, or 15.4%, compared to 2013.

LICT Corporation Partners With Maytum Family As It Repurchases DFT Communications Corporation

Rye, NY – May 20, 2014 – LICT Corporation (“LICT”; Pink Sheets ®: LICT) today announced that it has reached a definitive agreement to sell a controlling interest in DFT Communications Corporation (“DFT”), which is headquartered in Fredonia, New York. The purchasers are three members of DFT’s management team, Robert A. Maytum, Mark Maytum and Kurt Maytum, as well as Maytum family member Sheri Stoltenberg, and a newly-formed corporation they control, Brick Skirt Holdings, Inc. (“Brick Skirt”).

LICT Reports Fourth Quarter Earnings

Rye, NY – May 15, 2014 – LICT Corporation (“LICT”; Pink Sheets®: LICT) today announced its 2013 fourth quarter and full year earnings. See attachment A.

LICT Arranges New Line of Credit

Rye, New York – May 7, 2014 – LICT Corporation (“LICT”) has obtained a $25 million Line of Credit from a private investment firm. This Line of Credit replaces the Company’s previous $17.5 million Line of Credit with Webster Bank which was to expire on June 30, 2014. With the new financing which expires on June 30, 2015, LICT now has increased financial flexibility to make acquisitions, fund capital investments, and repurchase shares.

Category: Press