ATLANTA, Aug. 9, 2012 (GLOBE NEWSWIRE) -- Sibling Group Holdings, Inc. (OTCQB:SIBE) (the "Company") a publicly held company with a strategy to develop and deploy 21st century teaching and learning solutions, announced that it has completed its Annual Shareholder Meeting, and that all matters outlined in the definitive Proxy Statement filed July 20, 2012, were approved by the shareholders today. The new capital structure, formal name change, and other corporate changes will be effective on securities quotation systems within three (3) business days based upon turn around time for filing the Amended and Restated Certificate of Formation with the Texas Secretary of State, the state of incorporation for the Company.
Included in the actions approved was a 100 to 1 reverse split of the Company's common stock, and a formal name change to "Sibling Group Holdings, Inc.". As a result of this, a new CUSIP number has been issued for the shares. Shareholders should see the change reflected in their securities accounts within a number of days, depending on the procedures of their particular broker. Shareholder's with physical certificates can contact the Company's transfer agent, Interwest Transfer, for information about how to exchange their shares. The website for Interwest is http://www.interwesttc.com, and their offices are located at 1981 Murray Holladay Road, Suite 100, Salt Lake City, UT 84117. Their phone is (801) 272-9294, and their fax is (801) 277-3147.
About Sibling Group Holdings (OTCQB:SIBE).
The mission of Sibling Group Holdings, Inc. (OTCQB:SIBE) is to utilize advanced technology and education management 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.