Kenneth D. Masiello to Join CIBL as Chief Financial Officer

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.

Prior to joining Associated Capital Group, Inc. he was at GE Capital for 18 years, most recently as Controller with GE Equity, where he had financial regulatory reporting responsibilities for the alternative asset portfolio. As a controller within GE Capital, Ken held a series of positions within its divisions responsible for preparing business segment reporting. He initially joined GE Capital at its headquarters to focus on the windup of Kidder Peabody. Prior to GE Capital, Ken was with AIG Global Investment Group as a FinOp for its investment advisory business that managed the Latin American and Asia Infrastructure funds. He began his career in public accounting with the broker dealer practice at Oppenheim Appel Dixon and subsequently joined Ernst & Young in its financial services practice. Mr. Masiello received his undergraduate degree in Accounting from Siena College.

About CIBL, Inc.

CIBL, Inc. has been publicly traded since November 19, 2007, following its spin-off from LICT Corporation (“LICT”), a publicly traded company.

CIBL, Inc.’s subsidiary provides high speed broadband and communications services to an approximately 35 -square-mile area in northern New Hampshire, including the Omni Mount Washington Hotel and Resort, The Mount Washington Cog Railway, and the summit of Mount Washington, New Hampshire's highest mountain. On December 31, 2019, the Company completed the acquisition of operations in New Hampshire (“NH”) from LICT. The acquired operations consist of Bretton Woods Telephone Company (“BWTC”), a Rural Local Exchange Carrier serving the Mt. Washington/Carroll, New Hampshire area, and World Surfer, Inc. (“WS”), a Competitive Local Exchange Carrier serving the same area.

The Company’s public utility activities are regulated by the Federal Communications Commission (“FCC”), and the applicable state Public Service Commissions. The Company follows the Federal Communication Commission’s (FCC) Uniform System of Accounts, Part 32 of the FCC Rules, and Regulations.

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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.

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