Market Overview

Daniel E. Hopkins Joins LICT Corporation as President and Chief Financial Officer

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LICT Corporation ("LICT" or the "Company"; OTC Pink®: LICT) announces that Mr. Daniel E. Hopkins will serve LICT as President and Chief Financial Officer effective November 11, 2019.

Mr. Hopkins has had a long and distinguished executive career, most recently serving as Executive Vice President and Chief Financial Officer since 2007 with MTPCS, LLC, a wireless telecommunications company. Mr. Hopkins holds an M.B.A. from LaSalle University and a B.B.A from Temple University.

Mario J. Gabelli, Chairman and Chief Executive Officer of LICT, stated that, "Dan brings a vast amount of experience to LICT and we look forward to a new growth phase for LICT as well as increased focus to better serve our communities."

Mr. Hopkins remarked, "It is a privilege to join such a quality organization and management team and to have the opportunity to contribute to the continued growth and success of LICT."

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: 19-11

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