Sibling's Affiliate M-1 Global Announces Fedor's First Fight and A Broadcast Agreement With HDNet
December 10 2007 - 11:29AM
PR Newswire (US)
NEW YORK, Dec. 10 /PRNewswire-FirstCall/ -- Sibling Entertainment
Group Holdings, Inc. (OTC Bulletin Board: SIBE( ["Sibling
Holdings"] announced that last week in Tokyo an affiliate of
Sibling Entertainment Group, Inc.(1), M-1 Global, LLC ["M-1
Global"](2) made good on its promise to cooperate with other mixed
martial arts organizations. M-1 Global will support the organizers
for the Yarennoka! New Year's Eve event in Japan which will feature
M-1 Global superstar Fedor Emelianenko in their main event at the
22,000-seat Saitama Super Arena. It was previously announced in
October that M-1 Global had signed Fedor who is widely considered
the best MMA fighter in the world, and who owns a 26-1 record.
Participation in the Yarennoka event will allow M-1 Global and
Sibling Sports LLC to launch its MMA operation in 2007, several
months in advance of its first major U.S. event planned for early
2008. In addition, M-1 Global announced an agreement signed with
HDNet Fights for HDNet to broadcast LIVE from Japan the entire
Yarennoka New Year's Eve event featuring Fedor Emelianenko. "HDNet
Fights: Fedor Returns" will air LIVE on Monday, December 31 on
HDNet. Mitchell Maxwell, Chairman and CEO of Sibling Entertainment
Group Holdings, Inc. (and Sibling Holdings), stated, "This is a
major step, but only the beginning for M-1 Global and Sibling. In
less than 45 days after launching M-1 Global with the world's
greatest fighter, we will participate in one of biggest nights of
MMA sports worldwide and begin a great partnership with HDNet
Fights and Mark Cuban to bring international M-1 Global fights to
North America." "Today's announcement with M1 Global/Fedor clearly
demonstrates that HDNet Fights is committed to working on a unified
basis to deliver the best fighters and the best fights," said
Andrew Simon, CEO of HDNet Fights. Mark Cuban, owner of HDNet
Fights said, "This announcement reinforces our commitment to
becoming the home for LIVE MMA action. No one else in the U.S. but
HDNet will have the return of Fedor LIVE from Japan. We started
December with "HDNet Fights: Ring of Combat from Atlantic City" and
we are ending the month halfway across the world in Japan with the
return of the world's best fighter - Fedor. What could be better?"
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/. CONTACT: Investors and
Financial Media Bruce Nurse, Investor Relations Phone:
1-866-925-SIBE (7423) Email:
http://www.siblingentertainment.biz/http://www.m-1global.com/
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. (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.
DATASOURCE: Sibling Entertainment Group Holdings, Inc. CONTACT:
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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