CIBL, Inc. Reports Participation in Enhanced A-CAM

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10/02/2023 - 10:03 AM

RENO, Nev.--(BUSINESS WIRE)-- CIBL, Inc. (“CIBL”; OTC Pink ®: CIBY) announced its wholly owned subsidiary, Bretton Woods Telephone Company (“Bretton Woods”), has submitted its election to participate in the Federal Communications Commission (“FCC) Enhanced Alternative Connect America Cost Model (“Enhanced A-CAM”) if the FCC receives enough acceptance by companies and proceeds with the Enhanced A-CAM program. Enhanced A-CAM requires a commitment to continue to provide broadband speeds at or above 100/20 Mbps to Bretton Woods' incumbent local exchange network. Bretton Woods would receive Enhanced A-CAM support payments through 2038; whereas current A-CAM support payments are scheduled to expire in 2028.

CIBL’s Board of Directors continues to evaluate a broad range of strategic alternatives for the company to create shareholder value. As noted above, it has the liquidity to effectuate transactions if we find them attractive and appropriate for our Company.

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.