CIBL, Inc. Reports (Unaudited) First Quarter Operating Results

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.