Reno, NV– November 12, 2014- CIBL, Inc. (OTC Markets: CIBY)(“CIBL” or the “Company”) is announcing that its Board of Directors (the “Board”) has authorized the Company to repurchase up to an additional 1,300 of its common shares. This new authorization increases the total amount of CIBL’s shares currently authorized for repurchase to 2,060 shares because there were 760 shares remaining from previous Board authorizations. Since its spin-off from LICT Corporation in November 2007, CIBL has repurchased 7,010 of its shares, including shares purchased in two “Modified Dutch Auctions”. Through those Auctions, 2,460 shares were purchased in December 2012 and 2,286 were purchased in January 2014. The Company now has 18,105 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 wireless communications and television broadcasting. CIBL is listed on the Pink Sheets® under the symbol CIBY. CIBL’s telephone number is (775) 664-3700.
Contact: Robert E. Dolan
CIBL has retained LICT Corporation to provide it management services