LICT - LICT Corporation Announces MachTen Form 10 Registration Statement Approval

LICT Corporation (“LICT” or the “Company”; OTC Pink ^® : LICT) announces that the U.S. Securities and Exchange Commission has cleared the spin-off of the Company’s Michigan operations. Details will be forthcoming in a future press release.

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/20230725857574/en/

Mario J. Gabelli
Executive Chairman and Interim Chief Executive Officer

Stephen J. Moore
Vice President-Finance

914-921-8821
www.lictcorp.com