Business
LICT Corporation Reports Second Quarter 2020 Results
LICT Corporation Reports Second Quarter 2020 Results.
About this update from Lict Corp.
[{"type":"text","content":"\nLICT Corporation (“LICT” or the “Company”; OTC Pink®: LICT) reports financial results for the quarter ending June 30, 2020.\n\n\nLICT continues to closely monitor developments and is actively taking steps to mitigate the potential risks related to the COVID-19 pandemic to the Company, its teammates and its customers. LICT provides essential voice and data services to its customers. To protect its employees while continuing to provide the essential communications services needed to support remote work and remote learning, the Company adapted installation and repair service processes to limit customer contact and minimize teammate contact with other teammates. In addition, LICT changed technician dispatch procedures to further limit contact and provided personal protective equipment, including masks, gloves and sanitizing products. Technicians are encouraged to evaluate the safety risks of each in-person installation or repair and reschedule the appointment if he or she determines that circumstances at the location present risk. Office-based teammates have been working remotely since the middle of March and, for teammates that work in the Company’s offices, masks and social distancing are required. We thank all of our teammates for their focus on their communities.\n\n\nAt the beginning of the COVID-19 outbreak, LICT companies each responded by:\n\n\n\nProviding free or discounted services to families to support remote learning;\n\n\nSetting up community Wi-Fi hotspots so community members can stay connected to family, work, and learning;\n\n\nCommitting not to disconnect customers that are unable to pay their bills because of the economic effects of the pandemic; and\n\n\nInitiated charitable contributions to support members of our community that have been impacted by the economic fallout from the pandemic. Each of LICT’s 338 teammates have contributed to help schools and local charitable organizations support community members effected by COVID-19.\n\n\n\nSHAREHOLDER DESIGNATED CHARITABLE CONTRIBUTION PROGRAM — In 2016, the Company adopted a Shareholder Designated Charitable Contribution Program. Under the Program, all registered shareholders are eligible to designate charities and the Company will a make a contribution to that charity. In 2016 through 2019, the Company made $100 ...