Gary L. Sugarman Joins CIBL, Inc. Board of Directors

10/10/2025 – 04:43 PM

RENO, Nev. – CIBL, Inc. (OTC Pink®: CIBY), a holding company with interests in broadband operations, announced today the appointment of Gary L. Sugarman to its board of directors. The move signals CIBL’s strategic focus on leveraging seasoned expertise to navigate the dynamic telecommunications landscape.

Sugarman brings a wealth of experience to CIBL, having served as a director of LICT Corporation, a publicly traded telecom company. His background also includes founding Richfield Associates FL, Inc., a private equity fund with a focus on telecom and technology investments. Furthermore, he advised Morrison and Co., an infrastructure fund based in New Zealand, and currently serves on the Board of Fiberlight Inc., a Dallas-based enterprise fiber company, and MachTen, Inc. (MACT), a publicly traded entity spun off from LICT. Sugarman’s previous board service includes a stint at Telephone and Data Systems, Inc. (TDS), a public telecommunications company with both wireless and wireline operations, and Otelco (OTEL), a telecom operating company acquired and taken private in 2021. Earlier in his career, he was Executive Chairman/Investor at Veroxity Technology Partners, an enterprise fiber provider in Boston, and co-founded Mid Maine Communications, a facilities-based telecommunications company which he led as Chairman and CEO until its sale in late 2006.

This appointment comes at a crucial time for CIBL, as the company seeks to bolster its position in the evolving broadband market. Sugarman’s track record in telecom investments, infrastructure development, and corporate governance is expected to provide valuable insights as CIBL navigates industry challenges and opportunities. The company’s current market capitalization and trading volume on the OTC Pink market suggest it is operating in a high-risk, high-reward environment. Sugarman’s experience with publicly traded companies, particularly those with both wireline and wireless operations, could be instrumental in guiding CIBL’s strategic direction.

Analysts at CNBC note that CIBL’s success will depend on its ability to effectively integrate Sugarman’s expertise into its overall strategy. This includes careful consideration of market trends, technological advancements, and regulatory changes impacting the broadband sector. The company faces stiff competition from larger, more established players, and its ability to differentiate itself through innovative service offerings and strategic partnerships will be paramount.

CIBL is listed on OTC Pink® under the symbol CIBY and information can be obtained on our website: www.ciblinc.com.

Source: CIBL, Inc.