NEW YORK, Jan. 4 /PRNewswire-FirstCall/ -- Sibling Entertainment Group Holdings, Inc. (OTC:SIBE) (BULLETIN BOARD: SIBE) ["Sibling Holdings"] announced that on New Year's eve, December 31, 2007, in Tokyo, Japan an affiliate of Sibling Entertainment Group, Inc.(1), M-1 Global, LLC ["M-1 Global"](2) celebrated the New Year with a packed crowd at the Saitama Super Arena watching M-1 Global debut mixed martial arts (MMA) event. Highlighting the MMA event was -- No.1 ranked heavyweight Fedor Emelianenko -- who used his superior MMA skills to dispatch K-1 behemoth Hong-Man Choi via arm bar submission in the first round at the Saitama Super Arena near Tokyo. Saitama, a co-promoter of "Yarennoka!" -- the long held New Year's event in Japan, sold out to nearly 22,000 MMA fans. Emelianenko, Pride's longtime heavyweight champ, thanked the fans, saying, "Tonight my win was everyone's win." When Pride had been purchased, and then dissolved, by the Ultimate Fighting Championship leaving Emelianenko a free agent who was signed by M-1 Global. We were pleased to be able to support the Yarennoka event. Fedor clearly demonstrated why he is the #1 ranked fighter in the world. We are glad that MMA fans in the US were able to see this great fight live on Mark Cuban's HDNet," said Bob Clark, M-1 Global COO. "The success of this event demonstrates the synergies that can be created when MMA organizations across the world work together to stage a spectacular event." Mitchell Maxwell, CEO of SIBE and Chairman of M-1 Global said, "When we formed M-1 Global we trumpeted the fact that Fedor was the worlds greatest MMA Champion. The outcome of the New Year's Eve event has only added to his legend." (1) Sibling Entertainment Group, Inc. ("SEGI") 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 Entertainment Group, Inc.). (2) Sibling Sports LLC owned by Garlin Holdings Limited and Sibling Theatricals, Inc. (a wholly owned subsidiary of SEGI) is the sole Managing Member of M-1 Global, LLC. 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/. Forward-Looking Statements We caution readers that the statements contained in this release about our future business plans, operations, opportunities, or prospects, including without limitation any statements or factors regarding expected sales, margins, or earnings, are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based upon management's current knowledge and assumptions about future events and involve risks and uncertainties that could cause actual results to differ materially from anticipated results. Among the factors that could cause actual results and outcomes to differ materially from those contained in the forward-looking statements are the following: changes in the general U.S. or regional U.S. economy; intense competition within our industry; our ability to acquire suitable real estate; the significant loss of key employees; the efficient operation of our information systems; changes in the availability or cost of capital and working capital financing; the regulatory environment in which we operate; the effect of various litigation matters; the effect of new accounting requirements or changes to generally accepted accounting principles; and the occurrence of certain other material events. We disclaim any intent or obligation to update our forward-looking statements. For more details on factors that could affect expectations see our quarterly or current reports as filed with or furnished to the Securities and Exchange Commission. DATASOURCE: Sibling Entertainment Group Holdings, Inc. CONTACT: Investors and Financial Media, Bruce Nurse, Investor Relations of Sibling Entertainment Group Holdings, Inc., +1-866-925-SIBE (7423), Web site: http://www.siblingentertainment.biz/ http://www.m-1global.com/

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