NEW YORK, Oct. 8 /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., has signed an agreement for acquisition of a majority of stock of Dick Foster Productions, Inc. ["DFP"] headquartered in Las Vegas and its wholly-owned subsidiaries. Sibling Entertainment Group, Inc. is the company with which Sibling Holdings has previously signed an Agreement of Acquisition and Plan of Reorganization (see "Note to Editor" below for an explanation of Sibling Holdings relationship to Sibling Entertainment Group, Inc. and Sibling Theatricals). Dick Foster Productions is a world leader in variety stage entertainment. DFP has produced over a dozen theatrical spectaculars, performing in such entertainment meccas as: Las Vegas, Lake Tahoe, Atlantic City and Reno. DFP shows have also traveled across the seas to many countries including: New Zealand, Korea, South Africa, England, France, Germany, Russia, Romania and China. Dick Foster Productions specializes in developing and producing new variety entertainment programming for global distribution. DFP has pioneered numerous projects worldwide with world famous venues including Harrah's Entertainment Inc., the world's largest gaming company. "We are elated to add Dick Foster Productions to Sibling Theatricals. There is great synergy between our organizations and this acquisition is part of our long range strategic plan to build a world-class entertainment company," said Mitchell Maxwell, Chairman and CEO of Sibling Entertainment Group, Inc. (and Sibling Holdings). "We are pleased that Dick Foster, President of DFP, and David Gravatt, COO of DFP, have agreed to stay in their positions and continue to provide outstanding leadership and guidance to the DFP organization," he said. "We are excited to become part of the Sibling family. Mitchell and Victoria Maxwell have great experience on Broadway and will help bring new product and opportunities to our company," said Dick Foster, President of Dick Foster Productions. 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 Sibling, a non-trading public 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 one another's successes. Additional information concerning Sibling Entertainment is available at http://www.siblingentertainment.biz/. Investor inquiries may be directed to or toll free 866-925-SIBE (7423). 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: 1-866-925-SIBE (7423) or Web site: http://www.siblingentertainment.biz/

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