Sibling Group Holdings Names Chairman Of The Board; Expanded View Of Education Market To Drive Acquisitions
ATLANTA, Jan. 22, 2013 (GLOBE NEWSWIRE) -- Sibling Group Holdings, Inc. (OTCQB:SIBE) (the "Company"), whose business strategy is focused on 21st century education management services, and technology for the education market, announced the appointment of Mr. Neal Sessions to the Board of Directors, and Chairman of the Board of Directors.
The Company further announced that its acquisition strategy is being expanded from its previously announced focus on the K-12 grades, to include both higher education institutions and the Pre-K markets, for both operations, and its technologies.
Mr. Sessions, age 49, joined the Company as Chief Financial Officer, and interim CEO, effective in December 2012. His appointment to the Board, and added role of CEO and Chairman, comes after a decision to increase the level of acquisition activity for the Company. To make room for Mr. Sessions, Gerald F. Sullivan, age 73, has retired from the Board to devote more time to his family and teaching responsibilities at the university level."I am very pleased with the appointment of Neal to the Board, and with the immediate contribution he is making to the day to day operations of the Company," said Mr. Sullivan, who was a founder of Newco4education, LLC. "Neal has quickly assessed the market, and identified new and expanded opportunities for growth. I remain a shareholder, and am very excited for the prospects going forward, and will remain available to assist in any manner I can," he continued. Mr. Sessions was awarded a bachelors degree in economics from Emory University, Atlanta, Georgia in 1985, and completed an MBA in Finance from Emory University's Goizueta School of Business in 1987. He became a certified public accountant (CPA) in 1993. He is also an attorney having completed his JD at Georgia State University in 2002 and was admitted to practice in Georgia in 2004. His career includes roles in finance, accounting and internal audit with The Coca-Cola Company, and with SunTrust Bank, Atlanta Georgia.
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