Reno, NV – October 26, 2016 – CIBL, Inc. (“CIBL” or the “Company”; OTC Pink ®: CIBY) announces financial results for the third quarter of 2016. See Attachments A and B.
Summary – At September 30, 2016, CIBL held $22.5 million in liquid assets or $1,329 per share, based on the 16,927 shares outstanding at that date. In addition, the company owns 166,556 common shares of ICTC Group, Inc. (“ICTC”; OTC Pink ®: ICTG), or 43.5% of the shares outstanding, and has voting control through a voting rights agreement with our Chairman; and 10,000 shares of Solix Inc., a private outsourcing firm that provides, among other services, billing and collection for the telecommunications industry.
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