CIBL, Inc. Announces Gary L. Sugarman Has Joined CIBL as a Member of the Board of Directors

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10/10/2025 - 04:43 PM

RENO, Nev.--(BUSINESS WIRE)-- CIBL, Inc. (“CIBL” or the "Company"; OTC Pink®: CIBY) is privileged to announce that Gary L. Sugarman has been elected as a director of CIBL.

Gary L. Sugarman presently serves as a director of LICT Corporation (“LICT”) a publicly traded telecom company. Principal of Richfield Associates FL, Inc., a private equity fund he founded in 1993, that focused on telecom and technology, until December 2023. An advisor for Morrison and Co., an infrastructure fund based in New Zealand from April 2021 through April 2023. Mr. Sugarman joined the Board of Fiberlight Inc, an enterprise fiber company based in Dallas in April 2023. Mr. Sugarman joined the Board of MachTen, Inc (“MACT”) a publicly traded company spun-off from LICT in 2023. In addition, Mr. Sugarman served as a director of Telephone and Data Systems, Inc., a public telecommunications company with both wireless and wireline operations, from September 2009 until his resignation on January 3, 2022. He was on the board of Otelco, a publicly traded company (“OTEL”) that operates telecom operating companies, from 2013 until May 2020; OTEL was acquired and taken private in 2021. He was previously, from December 2007 until August 2010, Executive Chairman/Investor - Veroxity Technology Partners, an enterprise fiber provider in Boston. He also served as Chairman and Chief Executive Officer of a facilities-based telecommunications company he co-founded in 1994, Mid Maine Communications, until its sale in late 2006.

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.