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

Reno, NV – December 7, 2023 – CIBL, Inc. (“CIBL” or the “Company”; OTC Pink ®: CIBY) announces results for the third quarter ending September 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 September 30, 2023, its investments are approximately $22.7 million in mostly liquid assets or $1,787 per share, based on the 12,704 shares outstanding at that date.

For the three months ended September 30, 2023, the New Hampshire operations generated $475,000 in operating revenues, an 8.3% decrease from the $518,000 reported for the quarter ended September 30, 2022. EBITDA from the New Hampshire operations was $109,000 in the 2023 period as compared to $112,000 in 2022.

During 2023, the Company repurchased 157 of its shares at an average price of $1,784 per share. We now have 12,704 shares outstanding. Since its spin-off from LICT Corporation in 2007, CIBL has repurchased 13,712 of its shares for $18.9 million, or an average price of $1,382 per share.

On September 27, 2023, the Company announced, subject to regulatory approval, it will acquire 20% of Brick Skirt Holdings, Inc. (“Brick Skirt”) from LICT Corporation (“LICT”). Brick Skirt was a former subsidiary of LICT known as DFT Communications.

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.