Reno, NV – November 7, 2014 – CIBL, Inc. (“CIBL” or “the Company”; OTC Pink ®: CIBY) announced results for the third quarter of 2014. See Attachments A and B.
Summary
At September 30, 2014, CIBL held $24.7 million in liquid assets less income taxes payable ($25.4 million in cash and equivalents less an estimated tax liability of $0.7 million) or $1,366 per share. In addition, the company owns 40.6% (164,307 common shares) of ICTC Group, Inc. (“ICTG”; OTC Pink ®: ICTG); 10,000 shares of Solix Inc. (a private outsourcing firm that provides, among other services, billing and collection for the telecommunications industry); and a $0.2 million note receivable from LICT Corporation.
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