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AUCTION 110 - Due to Provisions in Upcoming Auction 110, Gary L. Sugarman, Who Joined the LICT Corporation Board of Directors in 2006 Has Resigned

LICT Corporation ("LICT" or the "Company"; OTC Pink®: LICT) is today announcing the resignation of Gary L. Sugarman from its Board of Directors. His resignation is effective immediately. Mr. Sugarman's resignation is in response to a Rule of the Fed