Sibling Sports Announces M-1 Global Management Team
30 Outubro 2007 - 9:30AM
PR Newswire (US)
NEW YORK, Oct. 30 /PRNewswire-FirstCall/ -- Sibling Entertainment
Group Holdings, Inc.'s (OTC:SIBE) (BULLETIN BOARD: SIBE) affiliate,
Sibling Sports, LLC, as the Managing Member of M-1 Global, LLC,
announced today the management team for 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 pleased
with the high level of talent that we have been able to assemble to
lead our new organization," said Monte Cox, M-1 Global president
and chief executive officer. "Our leadership team has a great blend
of experience and skills that will help guide our organization in
the years to come." Vadim Finkelchtein was appointed to the M-1
Global Executive Committee. He is also president of M-1 Mix Fight
and will continue to manage Fedor Emelianenko, the world's greatest
MMA fighter. Finkelchtein, 43, will be responsible for providing
strategic guidance to the entire team. He will also help stage M-1
Global events in Russia. "We are elated to partner with Vadim. Not
only is he the founder of M-1 Mix Fight, but he is also a very
successful Russian businessman. He owns and manages Russia's first
and only sports-entertainment center located on water. Located in
St. Petersburg, right across from the famous Hermitage museum, the
center is located on board the 'Letuchii Golandez,' (or Flying
Dutchman), a replica of the 1748 sailboat 'Amsterdam.' It contains
four levels, and includes an exercise room, beauty salon,
restaurants, cafes and hotel rooms," Cox said. Bob Clark was
appointed chief operating officer. Clark, 51, will be responsible
for directing and managing day-to-day operations. He was also
appointed to the M-1 Global Executive Committee. Clark also serves
as president of Sibling Theatricals, Inc. and director of marketing
for Sibling Entertainment Group, Inc. Prior to joining Sibling in
July 2007, he spent the past 9 years working for CarMax, a Fortune
500 company and one of the Fortune 2007 "100 Best Companies to Work
For." Joost Raimond was appointed president of M-1 Eurasia.
Raimond, 42, will be responsible for directing and managing
day-to-day operations in Eurasia. He was also appointed to the M-1
Global Executive Committee. Prior to joining M-1 Global, Joost
provided legal advice and management consultant services to Too Hot
to Handle, M-1 Mix Fight & Pride Europe. He also owns his own
project management and consultancy company -- WORX. He specializes
in health and fitness projects and focuses on sourcing fabrication
of consumer or commercial products in the Far East and establishing
production and QA/QC systems. Apy Echteld was appointed vice
president of fighter development. Echteld, 46, will be responsible
for match-making and helping to identify fighters for M-1 Global to
sign. He was also appointed to the M-1 Global executive committee.
Echteld has been an accomplished martial arts trainer since 1979.
In 1997, Echteld joined forces with Vadim Finkelchtein to create
the Russian organization M-1 Mix-Fight, which is recognized as the
largest MMA event in Europe. Brian Patton was appointed vice
president of M-1 Global. Patton, 41, will coordinate with SFX Media
& Events to secure sponsorships and endorsements for both M-1
Global and our fighters. He was also appointed to the M-1 Global
executive committee. Brian will continue in his current position as
a faculty member at his alma mater Greenville College. Brian is
also the business manager for Matt Hughes, 9-time UFC Welterweight
champion. Dennis Spencer, executive vice president of SFX Media
& Events, was appointed to the M-1 Global executive committee.
"He brings us over 30 years of experience in professional sports
and sports television. Spencer, 54, will serve as our liaison with
SFX Media & Events and he will help negotiate television and
other media contracts, sponsorships and endorsements for M-1 Global
and our fighters," Cox said. "We believe we have a world-class
management team," Cox said. "I look forward to working with this
great group of leaders to help M-1 Global make its mark and
contributions to the great sport of mixed martial arts." For more
information, access the M-1 Global website at
http://www.m-1global.com/. 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, +1-866-925-SIBE,
(7423), or Web site: http://www.siblingentertainment.biz/
http://www.m-1global.com/
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