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.
Mr. Sessions continued, "During the last month the Company has undertaken a complete review of this very dynamic market place, and expanded our view of the growth potential, especially with regard to educational management services. As a result of this review, we are expanding our acquisition targets from the K-12 charter school area, to include both Pre-K and higher education, and are considering a number of private school situations. We think they can immediately benefit from the technology offerings, and provide a larger base to expand our operations."
The Board also approved the appointment of Peirce Sullivan as the Secretary of Sibling Group Holdings. Peirce is a Vice President of Greenwich Group International, a real estate investment group, and had joined the Board of Directors in 2012.
About Sibling Group Holdings, Inc
Sibling Group Holdings, Inc. (OTCQB:SIBE) intends to acquire advanced technology and education management operations, to enhance and accelerate the delivery of 21st century learning using multiple teaching and learning modalities on a global basis. The mission will be accomplished by accessing funds from the public capital markets and melding them into a unified strategy that will help to accelerate the improvement of K-12 education across the globe. The desired result will be better educated children, a sustainable and cost effective teaching model, primarily for K-12 education, and reduced dependence on governmental funding. For a complete overview please visit the Company web site at: 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