Latest news with #CIBL
Yahoo
6 hours ago
- Business
- Yahoo
CIBL, Inc. Announces Christopher Nossokoff Will Join CIBL as Merger and Acquisitions Advisor
RENO, Nev., June 16, 2025--(BUSINESS WIRE)--CIBL, Inc. ("CIBL" or the "Company"; OTC Pink®: CIBY) is privileged to announce that Christopher Nossokoff will join CIBL as Merger and Acquisitions Advisor. Mr. Nossokoff currently serves as Vice President – Finance of The LGL Group, Inc. and Vice President – Financial Reporting of M-tron Industries, Inc., and was a former Manager -- Financial Due Diligence at PricewaterhouseCoopers, LLP. Mr. Nossokoff is also a Certified Public Accountant and a Chartered Financial Analyst. Mr. Nossokoff holds a Bachelor of Science in Accounting from Clemson University, and a Master of Science in Accounting, from the Kelley School of Business at Indiana University. 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, 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: View source version on Contacts Kenneth D. MasielloChief Financial Officer(775) 664-3700
Business Wire
6 hours ago
- Business
- Business Wire
CIBL, Inc. Announces Christopher Nossokoff Will Join CIBL as Merger and Acquisitions Advisor
RENO, Nev.--(BUSINESS WIRE)--CIBL, Inc. ('CIBL' or the "Company"; OTC Pink®: CIBY) is privileged to announce that Christopher Nossokoff will join CIBL as Merger and Acquisitions Advisor. Mr. Nossokoff currently serves as Vice President – Finance of The LGL Group, Inc. and Vice President – Financial Reporting of M-tron Industries, Inc., and was a former Manager -- Financial Due Diligence at PricewaterhouseCoopers, LLP. Mr. Nossokoff is also a Certified Public Accountant and a Chartered Financial Analyst. Mr. Nossokoff holds a Bachelor of Science in Accounting from Clemson University, and a Master of Science in Accounting, from the Kelley School of Business at Indiana University. 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, 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:
Business Wire
05-05-2025
- Business
- Business Wire
CIBL, Inc. Reports First Quarter Operating Results
RENO, Nev.--(BUSINESS WIRE)--CIBL, Inc. ('CIBL' or the 'Company'; OTC Pink ®: CIBY) reports unaudited financial results for the quarter ended March 31, 2025, 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'). First-quarter revenues from our New Hampshire Operations increased 12.2% to $525,000, up from $468,000 in the prior year due to increased service revenues from broadband, end-user terminals and voice over internet protocol. Operational EBITDA declined 12% to $125,000 in the first-quarter, compared to $142,000 in the same period last year due to less capitalized labor for plant under construction and switch replacements in the current year period. (a) Consists of Brick Skirt 20% equity method - $1,578 and Solix, Inc. 1.43% cost method - $100 (b) Excludes the assets of the New Hampshire operations of Bretton Woods Telephone Company and World Surfer, Inc. Expand Other Highlights Capital expenditures were $24,000 and $75,000 for the quarters ending March 31, 2025, and 2024, respectively. During the quarter ended March 31, 2025, the Company acquired 586 of its shares at an average price of $1,699 per share. At March 31, 2025, CIBL has 11,680 shares outstanding. Since its spin-off from LICT Corporation in 2007, CIBL has repurchased 15,186 of its shares for $21.5 million, or an average price of $1,418 per share. 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, 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: CIBL, Inc. and Subsidiaries Consolidated Balance Sheets (Unaudited) (In Thousands, Except Common Share) Attachment B March 31, 2025 December 31, 2024 March 31, 2024 Assets Current Assets Cash and cash equivalents $1,583 $2,341 $1,281 Investments in United States Treasury Bills 16,860 16,598 19,126 Investment in available for sale equity securities 44 294 509 Investment in equity method limited partnership 1,630 1,645 1,722 Accounts receivable 223 284 226 Prepaid expenses 138 192 127 Materials and supplies 59 59 59 Income taxes receivable - - 35 Total Current Assets 20,537 21,413 23,085 Telecommunications, property, plant and equipment, net 937 958 693 Goodwill 337 337 337 Other intangibles, net 27 30 38 Other investments 1,678 1,636 700 Deferred income tax 45 39 5 Other assets 59 59 71 Total Assets $23,620 $24,472 $24,929 Liabilities and Equity Current Liabilities Income taxes payable $58 $14 - Accounts payable and accrued expenses $138 138 $152 Accrued liabilities 344 284 346 Total Current Liabilities 540 436 498 Other liabilities 46 46 59 Total Liabilities 586 482 557 Equity Common stock, par value $.01, 30,000 shares authorized; 26,865, 26,865 and 26,415 issued; and 11,680; 12,266; and 12,647 outstanding -- -- -- Contributed capital 7,112 7,112 6,212 Retained earnings 37,481 37,416 37,213 Treasury stock, 15,186; 14,600; and 13,769 shares at cost (21,559) (20,538) (19,053) Total Equity 23,034 23,990 24,372 Total Liabilities and Equity $23,620 $24,472 $24,929 Expand
