Update on LICTandrsquo;s Investment with PTPMS Communications, LLC

LICT Corporation ("LICT" or the "Corporation"; OTC Pink®: LICT) LICTrecently has received questions relating to its interest in PTPMSCommunications, LLC ("PTPMS"). By way of background, a subsidiary ofLICT has a 49% limited liability company interest in PTPMS, whichacquired 22 spectrum licenses at auction from the Federal CommunicationsCommission ("FCC"). In 2012, PTPMS sold all of its licenses to thepredecessor-in-interest of a subsidiary of Straight Path Communications,Inc. ("Straight Path