RENO, Nev., Dec. 26, 2012 /PRNewswire/ -- CIBL, Inc. ("CIBL")
(PINK: CIBY) announced today the final results of its tender offer
(the "Offer"), commenced November 21,
2012, to purchase for cash up to 80,000 shares of Class A
common stock, $0.0001 par value per
share (the "Shares"), of ICTC Group, Inc. ("ICTC") (PINK: ICTG), at
a purchase price of $22.25 per Share,
net to the seller in cash, less any applicable withholding taxes
and without interest. The Offer expired at 12:00 Midnight,
Eastern Time, on December 19,
2012.
Based on the final count by Computershare Trust Company, N.A.,
the Depositary for the Offer, 81,552 Shares were validly tendered
and not properly withdrawn. Pursuant to the terms of the
Offer, CIBL accepted for purchase an additional 1,552 shares
(within 2% of the outstanding Shares). As a result, no
proration was required and all Shares validly tendered and not
properly withdrawn were accepted for purchase. As such, CIBL
accepted for purchase 81,552 Shares at a purchase price of
$22.25 per Share for a total cost of
approximately $1.8 million, excluding
fees and expenses related to the Offer.
The Depositary will promptly issue payment for the Shares
validly tendered and accepted under the Offer.
Investor questions concerning the tender offer may be directed
to the information agent, Morrow & Co., LLC, at (800) 461-0945
or ictc.info@morrowco.com.
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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 may be
based upon certain assumptions, projections and forecasts
regarding, among other things, business conditions and financial
markets, and must be read in conjunction with 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, and such information is
subject to uncertainties, risks and inaccuracies, which could be
material.
CIBL is a holding company with subsidiaries in television
broadcasting. CIBL is listed on the Pink Sheets© under the symbol
CIBY. CIBL's telephone number is (775) 664-3700.
Contact:
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Robert E.
Dolan
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Interim
Chief Executive Officer and
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Interim
Chief Financial Officer
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(775)
664-3700
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SOURCE CIBL, Inc.