LICT Corporation Announces Search for Chief Executive Officer

Rhea-AI Summary

LICT Corporation (OTC Pink: LICT) has initiated a search for a new Chief Executive Officer with a focus on broadband experience to enhance its high-speed broadband deployment plans across six states. Current CEO Mario J. Gabelli will transition to Executive Chairman. The company emphasizes its commitment to growth in telecommunications and broadband services while cautioning that forward-looking statements regarding financial results and business conditions are subject to risks and uncertainties. For more details, visit www.lictcorp.com.

Positive

• Initiating a search for a CEO with broadband expertise to accelerate growth.
• Current CEO transitioning to Executive Chairman indicates continuity in leadership.

Negative

• None.

RYE, N.Y.--(BUSINESS WIRE)-- LICT Corporation (OTC Pink: LICT) is announcing that it is conducting a search for a Chief Executive Officer.

The search will focus on an individual with broadband experience, who will augment and accelerate LICT’s plan to deploy high speed broadband service to the communities we serve in six states.

Mr. Mario J. Gabelli, (y)our current CEO, will serve in the role of Executive Chairman.

All inquiries may be addressed to the Executive Committee of LICT’s Board of Directors.

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 anticipated financial results, 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. Such 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 that actively seeks acquisitions, principally in its existing business areas.

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20220822005435/en/

Mario J. Gabelli

Chairman and Chief Executive Officer

914-921-8821

www.lictcorp.com

Source: LICT Corporation

FAQ

What is LICT Corporation's latest announcement regarding its CEO?

LICT Corporation has announced its search for a new Chief Executive Officer with a focus on broadband experience.

Who is the current CEO of LICT Corporation?

Mario J. Gabelli is the current CEO of LICT Corporation and will transition to Executive Chairman.

What are LICT Corporation's plans for broadband services?

LICT Corporation aims to enhance its high-speed broadband deployment strategy across six states.

What stock symbol does LICT Corporation trade under?

LICT Corporation trades under the stock symbol OTC Pink: LICT.

Are there any risks associated with LICT Corporation's forward-looking statements?

Yes, forward-looking statements by LICT Corporation are subject to risks, uncertainties, and inaccuracies.