RYE, NY – (BUSINESS WIRE) – LICT Corporation (the “Company”; OTC Pink®: LICT) is privileged to announce that Kevin Errity has joined LICT as Chief Operating Officer.

Mr. Errity has been engaged in the telecommunications industry throughout his nearly 30-year business career. Since joining AT&T in 1993, he has held leadership positions in sales, sales engineering and operations. He also has extensive experience in mergers and acquisitions of telecommunications companies.

Most recently, Mr. Errity served as Senior Vice President of ExteNet Systems, a provider of custom fiber infrastructure to financial, carrier and enterprise customers. Previously, he played a leading management role in the development of PAETEC Communications from a start-up transaction to a $ 2 billion company when it merged in 2012 with Windstream Communications.

Mario J. Gabelli, Chairman of the Company’s Board of Directors, said: “We are delighted that Kevin is joining LICT. His deep experience in many areas of telecommunications will significantly strengthen our management team as we prepare to accelerate the development of our business. Mr Errity echoed these thoughts, saying, “I look forward to being a part of this dynamic company. I believe that LICT has a bright future and will devote all my efforts to its rapid realization. ”

Mr. Errity’s office will be located at the company’s headquarters in Rye, NY.

This press 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, financial results, financing, capital expenditure business transactions. It should be recognized that such information is based on certain assumptions, projections and forecasts, including, without limitation, business and financial market conditions, regulatory and other approvals, and cautions set forth in filed documents. by LICT on its website, www.lictcorp.com. Therefore, there can be no assurance that the possible transactions will be completed or successful, or that the financial objectives will be achieved. This forward-looking 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 actively seeking acquisitions, primarily in its existing business areas.

LICT Corporation is listed on the OTC Pink^® under the symbol LICT. For more information visit our website at http://www.lictcorp.com.