Sibling Sports Announces New Mixed Martial Arts Organization M-1 Global and Names Monte Cox as President and CEO of M-1 Global
22 Oktober 2007 - 1:30PM
PR Newswire (US)
NEW YORK, Oct. 22 /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., together with Garlin Holdings Limited as Managing
Members, have formed Sibling Sports, LLC (a Delaware limited
liability company) for the purpose of creating M-1 Global, LLC (a
New York limited liability company), a new mixed martial arts
organization. In addition, Monte Cox, a 13-year veteran of the
mixed martial arts industry, was named President and CEO of M-1
Global. Sibling Entertainment Group, Inc. 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.). "We
are excited to announce the formation of Sibling Sports, LLC and
our new mixed martial arts organization M-1 Global," said Mitchell
Maxwell, President and CEO of Sibling Holdings. "Mixed martial arts
is the fastest growing sport in America. It is the boxing of the
21st century. We see our entry into sports entertainment as an
integral part of our strategic plan to develop new and unique
entertainment products worldwide." "We have pulled together a
world-class group of people to lead our new organization. Our new
management team has extensive mixed martial arts experience in
Europe, Russia, Asia and the US. We have developed a strategic
alliance with SFX Media & Events, one of the premiere sports
marketing, event management, and athlete management companies in
the world," he said. "We are thrilled to have a strategic alliance
with M-1 Global and the outstanding team that Sibling Sports has
put together," said Dennis Spencer, executive vice president of SFX
Media and Events. "We are pleased to announce Monte Cox as our CEO.
Monte has been recognized as one of the most influential persons in
mixed martial arts in the world today. He is generally considered
one of the world's most successful fight managers, having produced
a record seven world champions in the Ultimate Fighting
Championship and built an impressive team of nearly 60 world-class
competitors," Maxwell said. Cox said, "I have been involved in
mixed martial arts for almost 13 years. While I have been offered
many other positions over the years, this is the first one that I
have accepted. I am elated to have the opportunity to work with
Mitchell Maxwell and the great team of managers he has been able to
assemble. We look forward to continuing to move mixed martial arts
into the mainstream, not only here in the US, but worldwide." "We
have developed an alliance with M-1 Mix Fight and we are honored to
be working with Vadim Finkelchtein, Apy Echteld, and Joost Raimond.
They have many years of experience managing fighters and staging
events in Europe, Russia, and Asia. Rounding out our new management
team are Bob Clark, currently serving as President of Sibling
Theatricals, and Brian Patton, a CPA, and business manager for MMA
legend Matt Hughes," Cox said. 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:
Bruce Nurse of Sibling Entertainment Group Holdings, Inc.,
+1-866-925-SIBE (7423), Web site:
http://www.siblingentertainment.biz/
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