Fedor Wins! For M-1 Global, a Sibling Entertainment Affiliate
January 04 2008 - 7:30AM
PR Newswire (US)
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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