CIBY CIBL Inc (PK)

CIBL, Inc. (“the “Company”) announces that the Board of Directors has declared a special cash dividend of $80.00 per share of its common stock. The record date for the dividend is December 14, 2010, and the payable date for the dividend is December 21, 2010.

The Board of Directors has also authorized the Company to buy back up to 500 shares of its common stock. Pursuant to this authorization, the Company intends to make purchases of its stock in the Pink Sheets© market from time to time, as it deems appropriate based on prevailing market conditions, economic and financial considerations and any other factors which the Board of Directors deems relevant.

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 financing and 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, regulatory and other approvals, 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 wireless communications and television broadcasting. CIBL is listed on the Pink Sheets® under the symbol CIBY.PK. CIBL’s telephone number is (775) 664-3700.

Release: 10-02

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