CIBL, Inc. Reports Closing On Its Acquisition Of A 20% Interest In Brick Skirt

Reno, NV –September 25, 2024 – CIBL, Inc. (“CIBL” or the “Company”; OTC Pink ®: CIBY) announces that it closed on its acquisition of 20% of Brick Skirt Holdings, Inc. (“Brick Skirt”), from LICT Corporation (“LICT”). CIBL acquired this interest through the issuance of 750 of its common shares. Brick Skirt, through subsidiaries, provides broadband and communication services to sections in western New York state. 

CIBL’s Board of Directors continues to evaluate a broad range of strategic alternatives for the company to create shareholder value. 

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To the extent this release contains 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, it should be recognized that such information is based upon 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. Thus, such information is subject to uncertainties, risks, and inaccuracies, which could be material, and there can be no assurance that such information will prove to be accurate. 

CIBL is a holding company with interests in broadband operations. CIBL is listed on OTC Pink® under the symbol CIBY and information can be obtained on our website: www.ciblinc.com. 

Kenneth D. Masiello 
Chief Financial Officer 
September 25, 2024
(775) 664-3700 

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

Reno, NV – October 23, 2024 – CIBL, Inc. (“CIBL” or the “Company”; OTC Pink ®: CIBY) announces unaudited results for the quarter ended September 30, 2024, of its operations which 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 September 30, 2024, the New Hampshire operations increased revenues 10.3% to $524,000 from the $475,000 for the previous year’s third quarter, while EBITDA, before corporate expenses, was up 37.6% to $150,000 as compared to $109,000 in 2023. 

Balance Sheet Highlights

Other Highlights 

On September 25, 2024, the Company announced, that it closed on its acquisition of 20% of Brick Skirt Holdings, Inc. (“Brick Skirt”), from LICT Corporation (“LICT”). CIBL acquired this interest through the issuance of 750 of its common shares. Brick Skirt, through subsidiaries, provides broadband and communication services to sections in western New York state. 

Capital expenditures were $247,000 and $5,000 for the three months ending September 30, 2024, and 2023, respectively. Year to date capital expenditures were $411,000 and $69,000 for the periods ending in 2024 and 2023, respectively. 

During 2024, the Company acquired 365 of its shares at an average price of $1,815 per share. Allowing for the shares issued to LICT, CIBL has 12,753 shares outstanding. Since its spin-off from LICT Corporation in 2007, CIBL has repurchased 14,113 of its shares for $19.7 million, or an average price of $1,396 per share. 

CIBL’s Board of Directors continues to evaluate a broad range of strategic alternatives for the Company in order to create shareholder value. 

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To the extent this release contains 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, it should be recognized that such information is based upon 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. Thus, such information is subject to uncertainties, risks and inaccuracies, which could be material, and there can be no assurance that such information will prove to be accurate. 

CIBL is a holding company with interests in broadband operations. CIBL is listed on OTC Pink® under the symbol CIBY and information can be obtained on our website: www.ciblinc.com. 

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

Reno, NV – August 7, 2024 – CIBL, Inc. (“CIBL” or the “Company”; OTC Pink ®: CIBY) announces unaudited results for the quarter ending June 30, 2024. 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 June 30, 2024, the New Hampshire operations generated revenues of $508,000, representing an increase of $24,000 from the $484,000 for the previous year’s second quarter, while EBITDA from New Hampshire operations, before corporate expenses, was $150,000 in the 2024 period as compared to $123,000 in 2023. 

During 2024, the Company acquired 269 of its shares at an average price of $1,816 per share. We now have 12,399 shares outstanding. Since its spin-off from LICT Corporation in 2007, CIBL has repurchased 14,017 of its shares for $19.5 million, or an average price of $1,391 per share. 

On March 1, 2024, Bretton Woods Telephone Company’s contract with the Omni Mount Washington Resort LLC was renewed for another five-year term. 

On September 27, 2023, the Company announced, subject to regulatory approval, it will acquire 450 shares of Brick Skirt Holdings, Inc. (“Brick Skirt”), representing a 20% interest thereof, from LICT Corporation (“LICT”), for an aggregate purchase price of $1,500,000, 40% of this interest was acquired in the third quarter of 2023, by issuing 300 CIBL shares to LICT, and the remaining 60% interest is expected to be acquired in the second half of 2024. Brick Skirt, through subsidiaries, provides broadband and communication services to sections in western New York state. 

Capital expenditures were $89,000 and $26,000 for the three months ending June 30, 2024 and 2023, respectively. 

CIBL’s Board of Directors continues to evaluate a broad range of strategic alternatives for the Company in order to create shareholder value. 

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

Reno, NV – May 13, 2024 – CIBL, Inc. (“CIBL” or the “Company”; OTC Pink ®: CIBY) announces unaudited results for the quarter ending March 31, 2024. 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, 2024, the New Hampshire operations generated revenues of $468,000, essentially the same as the prior year’s first quarter, while EBITDA, from the New Hampshire operations, before corporate expenses, was $142,000 in the 2024 period as compared to $135,000 in 2023.

During 2024, the Company acquired 21 of its shares at an average price of $1,857 per share. We now have 12,647 shares outstanding. Since its spin-off from LICT Corporation in 2007, CIBL has repurchased 13,769 of its shares for $19.1 million, or an average price of $1,387 per share.

On September 27, 2023, the Company announced, subject to regulatory approval, it will acquire 450 shares of Brick Skirt Holdings, Inc. (“Brick Skirt”), representing a 20% interest thereof, from LICT Corporation (“LICT”), for an aggregate purchase price of $1,500,000, 40% of this interest was made in the third quarter of 2023, by issuing 300 CIBL shares to LICT, and the remaining interest is expected to be acquired in balance of 2024. Brick Skirt, through subsidiaries, provides broadband and communication services to sections in western New York state.

CIBL’ s Board of Directors continues to evaluate a broad range of strategic alternatives for the company to create shareholder value.

2024 Notice of Annual Meeting of Stockholders To Be Held June 3, 2024

 NOTICE IS HEREBY GIVEN to the holders of common stock, par value $0.01 per share (the “Common Stock”), of CIBL, Inc. (the “Company” or “CIBL”), a Delaware corporation, that the Company will hold this year’s annual meeting of stockholders (the “Annual Meeting”) on Monday, June 3, 2024 beginning at 4:30 p.m. Eastern Time, at 401 Theodore Fremd Ave, Rye, NY 10580. In addition to in person, we are offering a hybrid virtual meeting format whereby stockholders may attend, participate in, and vote at the Annual Meeting online. You may access the virtual Annual Meeting by using your 16-digit control number, which is printed on the Proxy Card accompanying this Notice and Proxy Statement, and visiting the virtual meeting website at www.virtualshareholdermeeting.com/CIBY2024. 

The Annual Meeting will be held for the following purposes: 

  1. To elect three (3) directors as our Board of Directors (the “Board”), each to serve until the next annual meeting of stockholders and until their successors are duly elected and qualified; 
  2. To ratify the appointment of Moss Adams LLP as our independent public accountant and auditor for the fiscal year ending December 31, 2024; and 
  3. To transact such other business as may properly come before the Annual Meeting or any adjournment thereof. 

These proposals are more fully described in the Proxy Statement accompanying this Notice. The Annual Meeting may be postponed or canceled by action of the Board upon notice given prior to the time previously scheduled for the Annual Meeting or adjourned by action of the Board. 

The close of business on April 12, 2024 has been fixed as the record date (the “Record Date”) for the determination of the stockholders entitled to notice of and to vote at the Annual Meeting. Holders of record of common stock, par value $0.01 per share, of the Company on the stock transfer books of the Company at the close of business on the Record Date are entitled to notice of, and to vote at, the Annual Meeting. 

All stockholders are cordially invited to attend the Annual Meeting either in person or virtually, as described above. However, to ensure your representation at the Annual Meeting, you are urged to vote as promptly as possible. Any stockholder attending the Annual Meeting may vote at the Annual Meeting even if such stockholder has previously returned a proxy or voted by other means. 

If you have any further questions concerning the Annual Meeting or any of the proposals, please contact the undersigned at (775) 329-8555 or office@ciblinc.com. 

CIBL, Inc. Reports Preliminary (Unaudited) Fourth Quarter And Full Year 2023 Operating Results

Reno, NV – March 08, 2024 – CIBL, Inc. (“CIBL” or the “Company”; OTC Pink ®: CIBY) announces preliminary unaudited results for the quarter and year ending December 31, 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”). 

For the three months ended December 31, 2023, the New Hampshire Operations generated $481,000 in operating revenues, an 5.9% increase from the $455,000 reported for the quarter ended December 31, 2022. EBITDA from the New Hampshire Operations before corporate expenses are $381,000 in the 2023 period as compared to $299,000 in 2022. 

Operating revenues for the New Hampshire Operations generated $1.909 million for the year ending December 31, 2023, a 2.4% increase from the $1.863 million reported for the year ending December 31, 2022. EBITDA from the New Hampshire Operations before corporate expenses totaled $1.446 million for the year ending December 31, 2023 as compared to $1.349 million in the prior year. 

On December 31, 2023, liquid investments were approximately $22.7 million or $1,794 per share, based on the 12,668 shares outstanding at year end December 31, 2023. 

During 2023, the Company repurchased 193 of its shares at an average price of $1,789 per share. Since its spin-off from LICT Corporation in 2007, CIBL has repurchased 13,748 of its shares for $19.0 million, or an average price of $1,383 per share. Outstanding shares increased from 12,561 to 12,668 due to 300 shares issued for Brick Skirt (see below) less 193 shares repurchased during 2023. 

On August 31, 2023, CIBL received 5,700 shares of MachTen, Inc. (OTC Pink: MACT) as a spin-off distribution from our holdings of LICT Corporation shares. 

On September 27, 2023, the Company announced, subject to regulatory approval, it will acquire 450 shares of Brick Skirt Holdings, Inc. (“Brick Skirt”), representing a 20% interest thereof, from LICT Corporation (“LICT”), at an aggregate purchase price of $1,500,000. 40% of this interest was made in the third quarter of 2023, by issuing 300 of our shares to LICT, and the remaining interest is expected to be acquired in the first half of 2024. Brick Skirt, through subsidiaries, provides broadband and communication services to sections in western New York state. 

CIBL’s Board of Directors continues to evaluate a broad range of strategic alternatives for the company to create shareholder value. 

To the extent this release contains 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, it should be recognized that such information is based upon 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. Thus, such information is subject to uncertainties, risks and inaccuracies, which could be material, and there can be no assurance that such information will prove to be accurate. 

CIBL is a holding company with interests in broadband operations. CIBL is listed on OTC Pink® under the symbol CIBY and information can be obtained on our website: www.ciblinc.com. 

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.

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

CIBL, Inc. Reports Participation In Enhanced A-CAM

Reno, NV – October 2, 2023 – CIBL, Inc. (“CIBL”; OTC Pink ®: CIBY) announced its wholly owned subsidiary, Bretton Woods Telephone Company (“Bretton Woods”), has submitted its election to participate in the Federal Communications Commission (“FCC) Enhanced Alternative Connect America Cost Model (“Enhanced A-CAM”) if the FCC receives enough acceptance by companies and proceeds with the Enhanced A-CAM program. Enhanced A-CAM requires a commitment to continue to provide broadband speeds at or above 100/20 Mbps to Bretton Woods’ incumbent local exchange network. Bretton Woods would receive Enhanced A-CAM support payments through 2038; whereas current A-CAM support payments are scheduled to expire in 2028. 

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. 

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To the extent this release contains 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, it should be recognized that such information is based upon 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. Thus, such information is subject to uncertainties, risks and inaccuracies, which could be material, and there can be no assurance that such information will prove to be accurate. 

CIBL is a holding company with interests in broadband operations. CIBL is listed on OTC Pink® under the symbol CIBY and information can be obtained on our website: www.ciblinc.com.