LICT Corporation reported unaudited earnings results for the first quarter ended March 31, 2009. For the quarter, the company reported net income of $2,895,000 or $118 basic and diluted earnings per share compared to net income of $6,294,000 or $250.64 basic and diluted earnings per share for the same period previous year. Income before income taxes minority interests was $4,833,000 compared to $10,031,000 for the same period previous year. Operating profit was $5,583,000 compared to $6,490,000 for the same period previous year. During the first quarter of 2009, the company reported that revenues were $24.4 million, as compared to $25.4 million in the first quarter of 2008, a decrease of $0.9 million, or 3.7%. EBITDA (earnings before interest, taxes, depreciation and amortization), generated during the first quarter of 2009 by operating subsidiaries was $11.0 million, a $1.7 million decrease, or 13.1%, from the $12.6 million recorded in 2008. Interstate out-of-period adjustments had a significant effect on the current quarter's comparison. The first quarter of 2008 included $0.5 million additional revenue compared to a negative adjustment of $50,000 in the first quarter of 2009. Adjusting for this effect, revenues decreased $0.4 million, or 1.5% in 2009 and EBITDA decreased $1.1 million or 8.8%. The first quarter of 2009 benefited from a $1.3 million pre-tax reduction in interest expense due to a significant reduction in both interest rates and debt levels. Capital Expenditures for the period were $1,304,000 compared to $4,211,000 for the previous year. Total adjusted operating profit was $10,014,000 compared to $11,737,000 for the same period in previous year. The company is currently projecting $100 million in revenues and $45 million in EBITDA from operations for the year ending December 31, 2009, comparable to 2008 results. Certain non-regulated start-up operations and newly acquired systems will hamper 2009 results on a short-term basis.

LICT Corporation reported earnings results for the year ended December 31, 2008. For the year ended December 31, 2008, the company's earnings per share were $580.36 as compared to $374.40 for the same period a year ago. At December 31, 2008, total debt of $155.9 million bringing its net debt to $126.2 million. For the Year Ended December 31, 2008, the company's adjusted operating profit (commonly referred to as 'EBITDA') was $41.3 million, and accordingly its ratio of net debt to EBITDA was 3.1.

LICT Corporation, Annual General Meeting, May 26, 2009, at 08:30 US Eastern Time. Location: Greenwich Library, Greenwich, Connecticut, United States.