Rye, New York – January 3, 2020 – LICT Corporation (“LICT” or the “Company”; OTC Pink ®: LICT) has closed the sale of its minority interest in the Modoc RSA Limited Partnership (“Modoc”) to Verizon Wireless.  LICT had announced the signing of a definitive agreement for this transaction on November 26, 2019.

Modoc is a partnership controlled by Verizon Wireless which provides service in a rural area of northern California.  A subsidiary of LICT had acquired this interest in Modoc in 1988.  The transaction was not subject to any regulatory approvals.

Dan Hopkins, President and Chief Financial Officer of LICT, said “The sale of LICT’s interest will further strengthen LICT’S financial condition and flexibility. This transaction concludes a very successful partnership with Verizon Wireless.  Verizon has been a good partner and has provided excellent management of this property and we wish it continued success.”

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Reno, Nevada/Rye, New York, December 16, 2019 – LICT Corporation (“LICT”; OTC Pink ®: LICT) and CIBL, Inc. (“CIBL”; OTC Pink ®: CIBY) are announcing that the New Hampshire Public Utilities Commission (“NHPUC”) today approved the merger of LICT’s subsidiary which owns the Bretton Woods Telephone Company (“BWTC”) with a subsidiary of CIBL.  The NHPUC’s approval of the merger is effective as of December 31, 2019.

Continue reading CIBL AND LICT TRANSACTION RECEIVES FINAL APPROVAL AND A YEAR END CLOSING IS SCHEDULED

Rye, NY – November 26, 2019 – LICT Corporation (“LICT” or the “Company”; OTC Pink^®: LICT) is announcing the signing of a definitive agreement to sell its minority interest in the MODOC RSA Limited Partnership (“Modoc”), to Verizon Wireless.  Modoc is a partnership which is controlled by Verizon and provides wireless service in a rural area of northern California.

Continue reading LICT CORPORATION ANNOUNCES SALE OF ITS INTEREST IN MODOC RSA LIMITED PARTNERSHIP TO VERIZON

• Revenues were $28.4 million, a reduction of 12% from $32.3 million.
• EBITDA was $13.0 million, a $4.7 million decline from $17.7 million.
• Earnings per share were $263 per share compared to $391 per share in 2018.
• Charitable Contribution Program continues in the Fourth Quarter of 2019.

Rye, NY – November 20, 2019 – LICT Corporation (“LICT” or the “Company”; OTC Pink^®: LICT) reports financial results for the quarter ending September 30, 2019.

SHAREHOLDER DESIGNATED CHARITABLE CONTRIBUTION PROGRAM — In 2016, the Company adopted a Shareholder Designated Charitable Contribution Program. Under the Program, all registered shareholders are eligible to designate charities and the company will make a contribution to that charity. In 2016, 2017 and 2018, the company made $100 per share contributions on behalf of its shareholders to their designated charities. The LICT Board of Directors approved the 1st quarter 2019 contribution, also at $100 per share, in December 2018, and the contributions were distributed to the charities in the 1st quarter of 2019.  In addition, the board approved an additional contribution in the 3^rdquarter of 2019 and the distribution will be made in the 4^th quarter of 2019.

Continue reading LICT CORPORATION REPORTS THIRD QUARTER RESULTS

Rye, New York- October 1, 2019 – LICT Corporation (OTC Pink: LICT) As previously announced, LICT  is continuing its Shareholder Charitable Contribution Program, adopted in 2016, for all registered shareholders during the fourth quarter of 2019. All registered shareholders will be eligible to designate 501(c)3 charities to which the company will make a donation of $100 per share on behalf of the shareholder.

Continue reading LICT SHAREHOLDER DESIGNATED CHARITABLE CONTRIBUTION PROGRAM

Rye, New York- July 31, 2019 – LICT Corporation (OTC Pink: LICT) is announcing that it will continue its Shareholder Charitable Contribution Program for all registered shareholders during the fourth quarter of 2019. As indicated, the program was adopted in 2016. All registered shareholders will be eligible to designate 501(c)3 charities to which the company will make a donation of $100 per share on behalf of the shareholder.

Continue reading LICT CORPORATION CONTINUES SHAREHOLDER DESIGNATED CHARITABLE CONTRIBUTION PROGRAM

Rye, New York – July 31, 2019 – LICT Corporation (“LICT” or the “Company”, OTC Pink ®: LICT) is today announcing that its Board of Directors (the “Board”) has increased the Company’s share repurchase authorization.  Prior to this increase, there had been 387 shares remaining for repurchase under the Board’s prior authorizations.  The Board has now increased that amount to 1,450 shares currently authorized for repurchase by LICT. LICT continues its buyback program because it believes that the current market under values the long-term prospects of the company. LICT intends to buy its shares from time to time in the marketplace as it deems appropriate.

Continue reading LICT CORPORATION INCREASES SHARE REPURCHASE PROGRAM

• Revenues increased by 14% to $31.4 million from $27.5 million.
• EBITDA grew to $15.9 million from $12.8 million.
• Earnings per share from on-going operations climbed to $393 per share from $247 per share in 2018, which excluded $120 per share gain on the sale of a minority interest in an investment.

Rye, NY – July 25, 2019 – LICT Corporation (“LICT” or the “Company”; OTC Pink^®: LICT) reports financial results for the quarter ending June 30, 2019.

SECOND QUARTER RESULTS – In 2019, LICT’s second quarter revenues increased 14% or $3.9 million to $31.4 million compared to $27.5 million for the corresponding quarter in 2018. EBITDA grew 24% to $15.9 million in the second quarter of 2019 as compared to $12.8 million in the second quarter of 2018.

Continue reading LICT CORPORATION REPORTS RECORD SECOND QUARTER RESULTS

Rye, New York – July 8, 2019 – LICT Corporation (“LICT” or the “Company”; OTC Pink^®: LICT).  is announcing that it has agreed to terminate its outstanding indebtness with Brick Skirt Holding Company, LLC. (formerly DFT Communications) upon Brick Skirt’s re-financing of their debt.

Continue reading REPAYMENT OF CONSOLIDATED SELLER LOAN TO LICT

CIBL, Inc. Announces Intent to Merge with 

LICT Corporation’s Operations in New Hampshire

RENO, Nevada/RYE, New York, July 1, 2019 – CIBL, Inc. (“CIBL”; OTC Pink^®: CIBY) and LICT Corporation (“LICT”; OTC Pink^®: LICT) are announcing an agreement in principle whereby CIBL will issue shares of its stock to  LICT in exchange for its New Hampshire operations. After the closing of the transaction, LICT will hold approximately 6% of CIBL’s outstanding common stock.

Continue reading CIBL, Inc. Announces Intent to Merge with LICT Corporation’s Operations in New Hampshire