LICT Corporation CEO Search

LICT Corporation LICT The Board of Directors of LICT Corporation has approved a search for a successor to Mario J. Gabelli as Chief Executive Officer of LICT.

The individual should have knowledge of broadband and, in particular, of rural communities, as well as opportunities to serve colleges, universities, hospitals, small businesses and residences.

Mr. Gabelli will continue to serve as Executive Chairman upon the completion of the search.

This release contains 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. It should be recognized that such information is based upon assumptions, projections and forecasts which may not prove to be correct or may develop differently from the manner originally expected. Such forward-looking information must be read and interpreted in light of the cautionary statements set forth in documents filed by LICT on its website, www.lictcorp.com. LICT is a holding company with subsidiaries in telecommunications and multimedia, and actively seeks acquisitions, principally in its existing business areas. LICT is listed on OTC Pink ® under the symbol "LICT". Its web address is set forth above.

Release: 18-7

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