Kenneth D. Masiello Will Work for CIBL as its Chief Financial Officer

Kenneth D. Masiello Will Work for CIBL as its Chief Financial Officer-01

CIBL, Inc. (OTC: CIBY) ( “CIBL” or the “Company”) is announcing today that Kenneth D. Masiello, CPA, has been named Chief Financial Officer of CIBL, Inc.

Mr. Masiello was most recently the Chief Accounting Officer at Associated Capital Group, Inc. (NYSE: AC) for the past three years. AC is an investment manager in equity event-driven strategies across a range of risk and event arbitrage portfolios where it earns management and incentive fees from its advisory activities.

Prior to joining Associated Capital Group, Inc. he was at GE Capital for 18 years, most recently as Controller with GE Equity, where he had financial regulatory reporting responsibilities for the alternative asset portfolio. As a controller within GE Capital, Ken held a series of positions within its divisions responsible for preparing business segment reporting.

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He initially joined GE Capital at its headquarters to focus on the windup of Kidder Peabody. Prior to GE Capital, Ken was with AIG Global Investment Group as a FinOp for its investment advisory business that managed the Latin American and Asia Infrastructure funds. He began his career in public accounting with the broker dealer practice at Oppenheim Appel Dixon and subsequently joined Ernst & Young in its financial services practice. Mr. Masiello received his undergraduate degree in Accounting from Siena College.

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