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.
CIBL Annual Report 2022
2023 Notice Of Annual Meeting Of Stockholders To Be Held June 2, 2023
NOTICE IS HEREBY GIVEN to the holders of common stock, par value $0.01 per share (the “Common Stock”), of CIBL, Inc. (the “Corporation”), a Delaware corporation, that the Corporation will hold this year’s annual meeting of stockholders (the “Annual Meeting”) virtually, by electronic means. The virtual Annual Meeting will be held on June 2, 2023 beginning at 8:45 am Eastern Time. 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/CIBY2023. You will be able to listen to the meeting live, submit questions and vote online if you wish.
The Annual Meeting will be held for the following purposes:
- To elect six (6) 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 qualify;
- To ratify the appointment of Moss Adams LLP as our independent public accountant and auditor for the fiscal year ending December 31, 2023; and
- 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 17, 2023 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 virtual Annual Meeting, 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 firstname.lastname@example.org.
By Order of the Board of Directors,
Dated: May 15, 2023
Kenneth D. Masiello
Chief Financial Officer
CIBL, INC. Announces Board Authorization to Repurchase 400 of its Common Shares
Reno, NV– March 20, 2023 – CIBL, Inc. (OTC Markets: CIBY)(“CIBL” or the “Company”) is announcing that its Board of Directors has authorized the Company to repurchase up to an additional 400 of its common shares.
Since its spin-off from LICT Corporation on November 19, 2007, CIBL has repurchased 13,592 of its shares, including through two “Modified Dutch Auctions” conducted in December 2012 and January 2014. A total of 4,746 shares were repurchased through these auctions, and the remaining 8,846 repurchased shares were acquired through open market and private transactions.
The Company now has 12,524 shares of its common stock outstanding.
This release contains certain 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, including without limitation anticipated corporate transactions. It should be recognized that such information is based upon certain 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. As a result, there can be no assurance that any possible transactions will be accomplished or be successful or that financial targets will be met, and such information is subject to uncertainties, risks and inaccuracies, which could be material.
CIBL is a holding company with subsidiaries in telecommunications. CIBL is listed on OTC Pink® under the symbol CIBY. CIBL’s telephone number is (775) 329-8555.
CIBL, Inc. Reports Preliminary (Unaudited) Full Year Operating Results CIBL,
Reno, NV – March 16, 2023 – CIBL, Inc. (“CIBL” or the “Company”; OTC Pink ®: CIBY) announces that at December 31, 2022, it held $22.7 million in liquid assets or $1,807 per share, based on the 12,561 shares outstanding at that date, 20 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 twelve months ended December 31, 2022, the New Hampshire operations generated $1,863,000 in revenues, a 1.9% decrease from the $1,899,000 reported for the year ended December 31, 2021. EBITDA from the New Hampshire operations was $452,000 in the 2022 period as compared to $549,000 in 2021.
During 2022, the Company acquired 2,188 of its shares at an average price of $1,802 per share. We now have 12,561 shares outstanding. Since its spin-off from LICT Corporation in 2007, CIBL has repurchased 13,555 of its shares for $18.7 million, or an average price of $1,380 per share.
CIBL, Inc. Reports Third Quarter 2022 Results
2022 Quarterly Reports
Kenneth D. Masiello to Join CIBL as Chief Financial Officer
Reno, NV – July 11, 2022 – CIBL, Inc. (OTC: CIBY) ( “CIBL” or the “Company”) is announcing today that Kenneth D. Masiello, CPA, has been named Chief Financial Officer of CIBL, Inc.
Mr. Masiello was most recently the Chief Accounting Officer at Associated Capital Group, Inc. (NYSE: AC) for the past three years. AC is an investment manager in equity event-driven strategies across a range of risk and event arbitrage portfolios where it earns management and incentive fees from its advisory activities.Continue reading Kenneth D. Masiello to Join CIBL as Chief Financial Officer
2022 Annual Meeting of Shareholders Presentation
ANNUAL MEETING SHAREHOLDERS PRESENTATION
June 8, 2022