NEW YORK and ATLANTA, June 22, 2011 /PRNewswire/ -- Sibling Entertainment Group Holdings, Inc. (Pink Sheets: SIBE) ("the Company") announced that the process of completing its audits and becoming current with its reporting requirements is nearly complete and its operating company, NEWCO4EDUCATION, LLC ( www.newco4education.com) is on track to begin its acquisition process of charter school operations along with the development of its computer based education product set.
"Our team is in place, our work processes have been initiated and we are ready to move to the next level with the completion of the audit project," stated Gerald Sullivan, Chairman of NEWCO4EDUCATION and Sibling Entertainment, its public company parent. He continued, "We are moving the right direction and upon completion the Company will be fully reporting, providing the ability to proceed with all haste to initiate operations."
The Company intends to be a significant player in the charter school and educational technology marketplaces. It will operate an educational management organization (EMO), whose mission will be the operations of schools, focused on charter schools. It will also operate a division whose mission is technology and services, aimed at improving educational performance, both in traditional schools, and online in a 'virtual' environment. It is also considering an investment in a social media platform as both an interesting communication and marketing vehicle to primary and secondary youth community, as well as a possible delivery vehicle for learning systems, parent and teacher reporting, and within the service organization communities often a part of the school process.
"We are dedicated to developing a business that serves the needs of the educational community, in both operations and technology. The entire management team is committed to delivering quality educational programs and technologies," said Gerald Sullivan.About Sibling Entertainment Group Holding, Inc. NEWCO4EDUCATION, LLC is a recently formed entity with a focus on providing services and technology aimed at increasing the performance in educational settings. It is a wholly owned subsidiary of the Sibling Entertainment Group Holdings, Inc., and intends to operate through two (2) divisions, its Educational Management Organization (EMO) and its Technology and Services Group (TSG). The EMO intends to provide school management services, primarily within the charter school arena. The TSG division is focused on the development and deployment of software, systems and procedures to enhance the rate of learning in both primary and secondary education. For further information please visit www.newco4education.com . Safe Harbor: This press release may contain forward-looking statements that involve a number of risks and uncertainties and are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Sibling Entertainment Group Holdings, Inc. is subject to risks detailed from time to time in its publicly filed documents available at www.sec.gov. Sibling Entertainment Group Holdings, Inc. does not undertake to update any forward-looking statements that it may make to conform to actual results. All current and potential shareholders are asked to read all filings for the Company at the Securities and Exchange Commission web site, www.SEC.gov. Contact: Shelly FabianParallel Marketing Services firstname.lastname@example.org SOURCE Sibling Entertainment Group Holdings, Inc.
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