NEW YORK, Feb. 8 /PRNewswire-FirstCall/ -- Sibling Entertainment Group Holdings, Inc. (OTC:SIBE) (BULLETIN BOARD: SIBE) ["Sibling Holdings"] is pleased to announce the debut of the critically acclaimed musical HATS! in Tampa, Florida. Under a license arrangement from Hats Holdings, Inc., the musical opened at the Tampa Bay Performing Arts Center to box office and critical acclaim. The musical HATS! opened in 2 major cities within 24 hours. First, HATS! opened at the Harrah's Casino on the Las Vegas strip to sensational response, and a Guinness Book of World Record-breaking kick line down Las Vegas Blvd. Over 1,700 cast members, Red Hatters and fans from all parts of the U.S. turned the strip into a dazzling sea of purple and red as the Hatter's kicked up their heels to celebrate the 10th Anniversary of the Red Hat Society and the opening of HATS! at Harrah's. It was the longest kick line in history and has been submitted to the Guinness Book of World Records. It was a celebration for the record books! The second opening was in Tampa, Florida at the Tampa Bay Performing Arts Center. The show opened to excellent box office business, enthusiastic audience response and a glowing notice from the Tampa Tribune who called HATS! "Bittersweet, rousing and bawdy ... an inspiring call to embrace life." "Our Tampa Bay audiences are delighted with our production of HATS! They recognize themselves in the characters and learn that growing older can be less about hot flashes and more about power surges. "Our ticket sales are very strong -- our group sales department has a waiting of Red Hat Chapters waiting to see the show. We are very excited to be the first regional theater in the country to have the rights to HATS!" stated Rick Criswell, Artistic Director, Tampa Bay Performing Arts Center. "Sibling Theatricals is thrilled that the show has been received so well. With the Tampa Bay Performing Arts Center as our premier license, we have talked with venues around the country about licensing HATS! We look forward to seeing the show open in many, many theaters throughout the United States over the next year!" -- Victoria Maxwell, Vice President, Sibling Theatricals. 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/ CONTACT: Investors and Financial Media Bruce Nurse Investor Relations Phone: 1-866-925-SIBE (7423) Email: 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, Investor Relations, 1-866-925-7423, or Web site: http://www.siblingentertainment.biz/

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