Sibling Theatricals, Inc., Names Robert K. Clark President
October 10 2007 - 7:30AM
PR Newswire (US)
NEW YORK, Oct. 10 /PRNewswire-FirstCall/ -- Sibling Entertainment
Group Holdings, Inc. (OTC:SIBE) (BULLETIN BOARD: SIBE) ["Sibling
Holdings"] announced Sibling Theatricals, Inc. ["Sibling
Theatricals"], a wholly-owned subsidiary of Sibling Entertainment
Group, Inc. ["Sibling"], has named Robert K. Clark president,
succeeding Mitchell Maxwell, who was recently elected president,
chief executive office, and member of the Sibling Holdings board of
directors. Clark was also named Director of Marketing for Sibling.
Sibling is the company with which Sibling Holdings has previously
signed an Agreement of Acquisition and Plan of Reorganization, the
closing of which is currently pending. (see "Note to Editor" below
for an explanation of Sibling Holdings relationship to Sibling and
Sibling Theatricals). Clark, 51, recently joined Sibling after a
very successful nine year career with CarMax, a fortune 500 company
and one of the Fortune 2007, "100 Best Companies to Work For."
Prior to CarMax, he worked for Leer, Inc., Nestle Foods, Proctor
& Gamble, and the United States Air Force. Clark is an honor
graduate from the United States Air Force Academy. "Bob is a
talented executive who will help us grow our company," said
Maxwell. "He brings extensive operational and marketing expertise
to our organization. Bob brings a unique perspective to our theatre
business as a result of his experiences with some of the world's
largest and most successful organizations. He also has a hands-on
understanding of the theatre business serving as President of the
Houston Family Arts Center, a highly successful non-profit theatre
that he co-founded two years ago, and as a co-producer of our
recent production of HATS! in Chicago." Clark said, "I am elated to
be joining the Sibling team! It's an honor to work with Mitchell
and Victoria Maxwell and the entire Sibling organization. We have
many great projects to work on. In my 29 years of business
experience, I have had the opportunity to learn from some of the
best managers in the world. I look forward to using these important
leadership skills to grow our theatrical business as we continue to
work to produce outstanding results for our patrons, associates,
and shareholders." Note to Editor: Sibling Holdings previously
entered into an Agreement of Acquisition and Plan of Reorganization
with Sibling Entertainment Group, Inc. (hereinafter referred to as
"Sibling"). The above-referenced agreement provides for the
acquisition of Sibling's subsidiaries: Sibling Theatricals, Inc.,
(STI); Sibling Pictures, Inc., (SPI); Sibling Music Corporation
(SMC): and Sibling Properties, Inc., (SPPI). On February 9, 2007,
the shareholders of Sibling Holdings approved the above-referenced
agreement, the closing of which is subject to the filing, and
effectiveness, of a Form S-4 registration statement with the SEC.
The Form S-4 was filed on August 14, 2007 by Sibling Holdings.
About Sibling Entertainment Group, Inc. Sibling Entertainment
Group, Inc., a company filing voluntarily with the SEC as a 1933
Securities Act company, is an entertainment development and
production company based in New York City that finances, develops
and produces plays and musicals for the live stage, independent
feature films and other entertainment projects through four
wholly-owned subsidiaries: Sibling Theatricals, Inc., (STI);
Sibling Pictures, Inc., (SPI); Sibling Music Corporation (SMC); and
Sibling Properties, Inc., (SPPI). We seek to create synergies that
will enable each subsidiary to build off of one another's
successes. For more information, access the Sibling website at
http://www.siblingentertainment.biz/. DATASOURCE: Sibling
Entertainment Group Holdings, Inc. CONTACT: Investors and Financial
Media, Bruce Nurse, +1-866-925-SIBE (7423), Web site:
http://www.siblingentertainment.biz/
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