iCTC Group, Inc - new name
of Sunshine PCS Corp
Looking for joint ventures and acquisitions in wireless infrastructure in North Dakota.
- Towers, base stations
- Backhaul Fiber or Microwave
ICTC Group was SpUN off from LICT Corp.
Sunshine PCS Corporation Spins Off from LICT and becomes ICTC Group, Inc.
Rye, New York - May 28, 2010 - LICT Corporation (Pink SheetsŪ:"LICT") is announcing that the distribution to LICT shareholders of its North Dakota operations is occurring today, through the spin-off of shares of Sunshine PCS Corporation held by LICT (and cash in lieu of fractional Sunshine shares at the rate of $50/share). The North Dakota operations, of which Sunshine is the parent entity, consist of Inter-Community Telephone Company, LLC ("ICTC") and Valley Communications, Inc.
ICTC is a Rural Local Exchange Carrier ("RLEC") headquartered in Nome, ND. It has been in existence for nearly 70 years, and currently serves approximately 2,300 access lines (1,350 residential and 950 business lines) as well as some 600 DSL customers. Valley Communications is also headquartered in Nome and operates as an unregulated Internet Service Provider ("ISP"), serving approximately 1,000 customers.
In connection with this spin-off, Sunshine PCS Corporation has changed its corporate name to ICTC Group, Inc. The new name is intended to build on the heritage of the newly-independent company as a long-established provider of telecommunications in North Dakota, and to better reflect the nature and scope of its operations going forward.
Watch this web site for more details and press releases.