Reno, NV – June 3, 2013 – CIBL, Inc. (“CIBL” or “the Company”; OTC Pink ®: CIBY) announced results for the first quarter of 2014. See Attachments A and B.
Summary
At March 31, 2014, CIBL held $26.2 million in liquid assets and net receivables from the recent sale of its television broadcasting interests, less income taxes payable which were estimated at $3.2 million, or $1,360 per share. In addition, the company held 164,307 common shares, or 40.6%, of ICTC Group Inc. which, on a mark to market basis, was $3.3 million, 10,000 shares in Solix Inc. (an outsourcing firm that provides, among other services, billing and collection services to the telecommunications industry), and a $0.4 million Note Receivable from LICT Corporation.
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