Reno, NV – June 16, 2015 – CIBL, Inc. (OTC Pink®: CIBY) (“CIBL” or the “Company”) is announcing that its Board of Directors has authorized the creation of a Special Purpose Acquisition Corporation (“SPAC”) by CIBL. It is anticipated that this SPAC would seek an acquisition candidate from a broad range of industries, company sizes and geographies. CIBL believes that the pursuit of this SPAC will enhance the Company’s shareholder value.
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) 664-3700.
Contact: Robert E. Dolan
CIBL has retained LICT Corporation to provide it management services (775) 664-3700