CIBL, Inc. Reports Closing on its Acquisition of a 20% Interest in Brick Skirt
CIBL, Inc. (OTC Pink: CIBY) has announced the closing of its acquisition of a 20% interest in Brick Skirt Holdings, Inc. from LICT The transaction was completed through the issuance of 750 CIBL common shares. Brick Skirt, through its subsidiaries, provides broadband and communication services to areas in western New York state.
This strategic move aligns with CIBL's ongoing efforts to explore various options for creating shareholder value. The company's Board of Directors continues to evaluate a broad range of strategic alternatives to enhance the company's position in the market and potentially increase returns for its investors.
CIBL, Inc. (OTC Pink: CIBY) ha annunciato la chiusura della sua acquisizione di un 20% di partecipazione in Brick Skirt Holdings, Inc. da LICT. La transazione è stata conclusa attraverso l'emissione di 750 azioni ordinarie CIBL. Brick Skirt, tramite le sue sussidiarie, fornisce servizi di banda larga e comunicazione in aree dello stato di New York occidentale.
Questa mossa strategica è in linea con gli sforzi in corso di CIBL per esplorare varie opzioni per creare valore per gli azionisti. Il Consiglio di Amministrazione dell'azienda continua a valutare una vasta gamma di alternative strategiche per migliorare la posizione dell'azienda nel mercato e potenzialmente aumentare i ritorni per i suoi investitori.
CIBL, Inc. (OTC Pink: CIBY) ha anunciado el cierre de su adquisición de un 20% de interés en Brick Skirt Holdings, Inc. de LICT. La transacción se completó mediante la emisión de 750 acciones comunes de CIBL. Brick Skirt, a través de sus subsidiarias, proporciona servicios de banda ancha y comunicación a áreas en el oeste del estado de Nueva York.
Este movimiento estratégico se alinea con los esfuerzos en curso de CIBL para explorar diversas opciones para crear valor para los accionistas. La Junta Directiva de la compañía continúa evaluando una amplia gama de alternativas estratégicas para mejorar la posición de la empresa en el mercado y potencialmente aumentar los retornos para sus inversores.
CIBL, Inc. (OTC Pink: CIBY)는 LICT로부터 Brick Skirt Holdings, Inc.의 20% 지분 인수를 완료했다고 발표했습니다. 이번 거래는 750 CIBL 보통주의 발행을 통해 이루어졌습니다. Brick Skirt는 그 자회사를 통해 뉴욕주 서부 지역에 광대역 및 통신 서비스를 제공합니다.
이번 전략적 결정은 CIBL이 주주 가치를 창출하기 위해 다양한 옵션을 탐색하는 노력을 지속하는 것과 일치합니다. 회사의 이사회는 회사의 시장 내 입지를 강화하고 투자자에게 잠재적으로 수익을 증가시키기 위한 다양한 전략적 대안을 평가하는 일을 계속하고 있습니다.
CIBL, Inc. (OTC Pink: CIBY) a annoncé la clôture de son acquisition d'un intérêt de 20 % dans Brick Skirt Holdings, Inc. de LICT. La transaction a été réalisée par l'émission de 750 actions ordinaires CIBL. Brick Skirt, par l'intermédiaire de ses filiales, fournit des services de haut débit et de communication dans des zones de l'ouest de l'État de New York.
Ce mouvement stratégique s'aligne avec les efforts continus de CIBL pour explorer diverses options permettant de créer de la valeur pour les actionnaires. Le conseil d'administration de la société continue d'évaluer un large éventail d'alternatives stratégiques pour renforcer la position de l'entreprise sur le marché et potentiellement augmenter les rendements pour ses investisseurs.
CIBL, Inc. (OTC Pink: CIBY) hat den Abschluss seiner Übernahme von 20% der Anteile an Brick Skirt Holdings, Inc. von LICT bekannt gegeben. Die Transaktion wurde durch die Ausgabe von 750 CIBL-Stammaktien abgeschlossen. Brick Skirt bietet über seine Tochtergesellschaften Breitband- und Kommunikationsdienste in Gebieten im westlichen Bundesstaat New York an.
Dieser strategische Schritt steht im Einklang mit den fortlaufenden Bemühungen von CIBL, verschiedene Optionen zur Schaffung von Aktionärswert zu erkunden. Der Vorstand des Unternehmens prüft weiterhin eine Vielzahl strategischer Alternativen, um die Position des Unternehmens auf dem Markt zu stärken und potenziell die Renditen für seine Investoren zu erhöhen.
- Acquisition of 20% stake in Brick Skirt Holdings, expanding CIBL's portfolio
- Potential for increased market presence in western New York's broadband sector
- Strategic move aligning with efforts to create shareholder value
- Issuance of 750 common shares may lead to slight shareholder dilution
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240925741510/en/
Kenneth D. Masiello
Chief Financial Officer
(775) 664-3700
Source: CIBL, Inc.
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