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

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.