Reno, NV – March 08, 2024 – CIBL, Inc. (“CIBL” or the “Company”; OTC Pink ®: CIBY) announces preliminary unaudited results for the quarter and year ending December 31, 2023. CIBL’s operations consist of Bretton Woods Telephone Company and World Surfer, Inc. providers of broadband and communication services in Northern New Hampshire (“New Hampshire Operations”). 

For the three months ended December 31, 2023, the New Hampshire Operations generated $481,000 in operating revenues, an 5.9% increase from the $455,000 reported for the quarter ended December 31, 2022. EBITDA from the New Hampshire Operations before corporate expenses are $381,000 in the 2023 period as compared to $299,000 in 2022. 

Operating revenues for the New Hampshire Operations generated $1.909 million for the year ending December 31, 2023, a 2.4% increase from the $1.863 million reported for the year ending December 31, 2022. EBITDA from the New Hampshire Operations before corporate expenses totaled $1.446 million for the year ending December 31, 2023 as compared to $1.349 million in the prior year. 

On December 31, 2023, liquid investments were approximately $22.7 million or $1,794 per share, based on the 12,668 shares outstanding at year end December 31, 2023. 

During 2023, the Company repurchased 193 of its shares at an average price of $1,789 per share. Since its spin-off from LICT Corporation in 2007, CIBL has repurchased 13,748 of its shares for $19.0 million, or an average price of $1,383 per share. Outstanding shares increased from 12,561 to 12,668 due to 300 shares issued for Brick Skirt (see below) less 193 shares repurchased during 2023. 

On August 31, 2023, CIBL received 5,700 shares of MachTen, Inc. (OTC Pink: MACT) as a spin-off distribution from our holdings of LICT Corporation shares. 

On September 27, 2023, the Company announced, subject to regulatory approval, it will acquire 450 shares of Brick Skirt Holdings, Inc. (“Brick Skirt”), representing a 20% interest thereof, from LICT Corporation (“LICT”), at an aggregate purchase price of $1,500,000. 40% of this interest was made in the third quarter of 2023, by issuing 300 of our shares to LICT, and the remaining interest is expected to be acquired in the first half of 2024. Brick Skirt, through subsidiaries, provides broadband and communication services to sections in western New York state. 

CIBL’s Board of Directors continues to evaluate a broad range of strategic alternatives for the company to create shareholder value. 

To the extent this release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, it should be recognized that such information is based upon assumptions, projections and forecasts, including without limitation business conditions and financial markets, and the cautionary statements set forth in documents filed by CIBL on its website, www.ciblinc.com. Thus, such information is subject to uncertainties, risks and inaccuracies, which could be material, and there can be no assurance that such information will prove to be accurate. 

CIBL is a holding company with interests in broadband operations. CIBL is listed on OTC Pink® under the symbol CIBY and information can be obtained on our website: www.ciblinc.com. 

Reno, NV – December 7, 2023 – CIBL, Inc. (“CIBL” or the “Company”; OTC Pink ®: CIBY) announces results for the third quarter ending September 30, 2023. CIBL’s operations consist of Bretton Woods Telephone Company and World Surfer, Inc. providers of broadband and communication services in Northern New Hampshire (“New Hampshire Operations”).

In addition, on September 30, 2023, its investments are approximately $22.7 million in mostly liquid assets or $1,787 per share, based on the 12,704 shares outstanding at that date.

For the three months ended September 30, 2023, the New Hampshire operations generated $475,000 in operating revenues, an 8.3% decrease from the $518,000 reported for the quarter ended September 30, 2022. EBITDA from the New Hampshire operations was $109,000 in the 2023 period as compared to $112,000 in 2022.

During 2023, the Company repurchased 157 of its shares at an average price of $1,784 per share. We now have 12,704 shares outstanding. Since its spin-off from LICT Corporation in 2007, CIBL has repurchased 13,712 of its shares for $18.9 million, or an average price of $1,382 per share.

On September 27, 2023, the Company announced, subject to regulatory approval, it will acquire 20% of Brick Skirt Holdings, Inc. (“Brick Skirt”) from LICT Corporation (“LICT”). Brick Skirt was a former subsidiary of LICT known as DFT Communications.

CIBL’s Board of Directors continues to evaluate a broad range of strategic alternatives for the company to create shareholder value. As noted above, it has the liquidity to effectuate transactions if we find them attractive and appropriate for our Company.

Continue reading CIBL, Inc. Reports (Unaudited) Third Quarter Operating Results

Reno, NV – October 2, 2023 – CIBL, Inc. (“CIBL”; OTC Pink ®: CIBY) announced its wholly owned subsidiary, Bretton Woods Telephone Company (“Bretton Woods”), has submitted its election to participate in the Federal Communications Commission (“FCC) Enhanced Alternative Connect America Cost Model (“Enhanced A-CAM”) if the FCC receives enough acceptance by companies and proceeds with the Enhanced A-CAM program. Enhanced A-CAM requires a commitment to continue to provide broadband speeds at or above 100/20 Mbps to Bretton Woods’ incumbent local exchange network. Bretton Woods would receive Enhanced A-CAM support payments through 2038; whereas current A-CAM support payments are scheduled to expire in 2028. 

CIBL’s Board of Directors continues to evaluate a broad range of strategic alternatives for the company to create shareholder value. As noted above, it has the liquidity to effectuate transactions if we find them attractive and appropriate for our Company. 

* * * * 

To the extent this release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, it should be recognized that such information is based upon assumptions, projections and forecasts, including without limitation business conditions and financial markets, and the cautionary statements set forth in documents filed by CIBL on its website, www.ciblinc.com. Thus, such information is subject to uncertainties, risks and inaccuracies, which could be material, and there can be no assurance that such information will prove to be accurate. 

CIBL is a holding company with interests in broadband operations. CIBL is listed on OTC Pink® under the symbol CIBY and information can be obtained on our website: www.ciblinc.com. 

Reno, NV – September 27, 2023 – CIBL, Inc. (“CIBL”; OTC Pink ®: CIBY) announced, subject to regulatory approval, it will acquire 20% of Brick Skirt Holdings, Inc. (“Brick Skirt”) from LICT Corporation (“LICT”). Brick Skirt, a former subsidiary of LICT known as DFT Communications, was sold in 2014, offers local and long-distance telephone service, business telephone systems, internet service, security systems, wireless communications and call center services to areas in Western New York and portions of Pennsylvania. As part of LICT’s sale of Brick Skirt in 2014 it retained and subsequently exercised their right to acquire their present 20% minority interest. CIBL was spun off from LICT Corporation in 2007. CIBL’s New Hampshire Operations has utilized Brick Skirt’s support services for certain administrative functions for the past ten years. CIBL and Brick Skirt look forward to continuing and enhancing their business relationship as part of this acquisition. 

CIBL’s Board of Directors continues to evaluate a broad range of strategic alternatives for the company to create shareholder value. As noted above, it has the liquidity to effectuate transactions if we find them attractive and appropriate for our Company. 

* * * * 

To the extent this release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, it should be recognized that such information is based upon assumptions, projections and forecasts, including without limitation business conditions and financial markets, and the cautionary statements set forth in documents filed by CIBL on its website, www.ciblinc.com. Thus, such information is subject to uncertainties, risks and inaccuracies, which could be material, and there can be no assurance that such information will prove to be accurate. 

CIBL is a holding company with interests in broadband operations. CIBL is listed on OTC Pink® under the symbol CIBY and information can be obtained on our website: www.ciblinc.com. 

Reno, NV – August 10, 2023 – CIBL, Inc. (“CIBL” or the “Company”; OTC Pink ®: CIBY) announces results for the second quarter ending June 30, 2023. CIBL’s operations consist of Bretton Woods Telephone Company and World Surfer, Inc. providers of broadband and communication services in Northern New Hampshire (“New Hampshire Operations”). 

In addition, on June 30, 2023 its investments are approximately $22.5 million in mostly liquid assets or $1,809 per share, based on the 12,436 shares outstanding at that date. 

For the three months ended June 30, 2023, the New Hampshire operations generated $484,000 in operating revenues, an 8.3% increase from the $447,000 reported for the quarter ended June 30, 2022. EBITDA from the New Hampshire operations was $123,000 in the 2023 period as compared to $112,000 in 2022. 

During 2023, the Company repurchased 125 of its shares at an average price of $1,783 per share. We now have 12,436 shares outstanding. Since its spin-off from LICT Corporation in 2007, CIBL has repurchased 13,680 of its shares for $18.9 million, or an average price of $1,382 per share. 

CIBL’s Board of Directors continues to evaluate a broad range of strategic alternatives for the company to create shareholder value. As noted above, it has the liquidity to effectuate transactions if we find them attractive and appropriate for our Company. 

Reno, NV – May 25, 2023 – CIBL, Inc. (“CIBL” or the “Company”; OTC Pink ®: CIBY) announces that at March 31, 2023, it’s investment included $22.7 million in liquid assets or $1,813 per share, based on the 12,524 shares outstanding at that date, 28 shares of LICT Corporation common stock and 10,000 shares of Solix Inc., a private outsourcing firm that provides, among other services, billing and collection for the telecommunications industry. In addition, CIBL’s operations consist of Bretton Woods Telephone Company and World Surfer, Inc. providers of broadband and communication services in Northern New Hampshire (“New Hampshire Operations”).

For the three months ended March 31, 2023, the New Hampshire operations generated $469,000 in operating revenues, a 5.9% increase from the $443,000 reported for the quarter ended March 31, 2022. EBITDA from the New Hampshire operations was $135,000 in the 2023 period as compared to $115,000 in 2022.

During 2023, the Company acquired 49 of its shares at an average price of $1,783 per share. We now have 12,512 shares outstanding. Since its spin-off from LICT Corporation in 2007, CIBL has repurchased 13,604 of its shares for $18.8 million, or an average price of $1,382 per share.
CIBL’s Board of Directors continues to evaluate a broad range of strategic alternatives for the company to create shareholder value. As noted above, it has the liquidity to effectuate transactions if we find them attractive and appropriate for our Company.

Reno, NV– March 20, 2023 – CIBL, Inc. (OTC Markets: CIBY)(“CIBL” or the “Company”) is announcing that its Board of Directors has authorized the Company to repurchase up to an additional 400 of its common shares. 

Since its spin-off from LICT Corporation on November 19, 2007, CIBL has repurchased 13,592 of its shares, including through two “Modified Dutch Auctions” conducted in December 2012 and January 2014. A total of 4,746 shares were repurchased through these auctions, and the remaining 8,846 repurchased shares were acquired through open market and private transactions. 

The Company now has 12,524 shares of its common stock outstanding. 

************************ 

This release contains certain forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including without limitation anticipated corporate transactions. It should be recognized that such information is based upon certain assumptions, projections and forecasts, including without limitation business conditions and financial markets, and the cautionary statements set forth in documents filed by CIBL on its website, www.ciblinc.com. As a result, there can be no assurance that any possible transactions will be accomplished or be successful or that financial targets will be met, and such information is subject to uncertainties, risks and inaccuracies, which could be material. 

CIBL is a holding company with subsidiaries in telecommunications. CIBL is listed on OTC Pink® under the symbol CIBY. CIBL’s telephone number is (775) 329-8555. 

 Reno, NV – March 16, 2023 – CIBL, Inc. (“CIBL” or the “Company”; OTC Pink ®: CIBY) announces that at December 31, 2022, it held $22.7 million in liquid assets or $1,807 per share, based on the 12,561 shares outstanding at that date, 20 shares of LICT Corporation common stock and 10,000 shares of Solix Inc., a private outsourcing firm that provides, among other services, billing and collection for the telecommunications industry. In addition, CIBL’s operations consist of Bretton Woods Telephone Company and World Surfer, Inc. providers of broadband and communication services in Northern New Hampshire (“New Hampshire Operations”). 

For the twelve months ended December 31, 2022, the New Hampshire operations generated $1,863,000 in revenues, a 1.9% decrease from the $1,899,000 reported for the year ended December 31, 2021. EBITDA from the New Hampshire operations was $452,000 in the 2022 period as compared to $549,000 in 2021. 

During 2022, the Company acquired 2,188 of its shares at an average price of $1,802 per share. We now have 12,561 shares outstanding. Since its spin-off from LICT Corporation in 2007, CIBL has repurchased 13,555 of its shares for $18.7 million, or an average price of $1,380 per share. 

Reno, NV – July 11, 2022 –  CIBL, Inc. (OTC: CIBY) ( “CIBL” or the “Company”) is announcing today that Kenneth D. Masiello, CPA, has been named  Chief Financial Officer of CIBL, Inc.

Mr. Masiello was most recently the Chief Accounting Officer at Associated Capital Group, Inc. (NYSE: AC) for the past three years. AC is an investment manager in equity event-driven strategies across a range of risk and event arbitrage portfolios where it earns management and incentive fees from its advisory activities.

Continue reading Kenneth D. Masiello to Join CIBL as Chief Financial Officer