Sibling Sports Announces M-1 Global Management Team
October 30, 2007: 07:30 AM EST
NEW YORK, Oct. 30 /PRNewswire-FirstCall/ — Sibling Entertainment Group Holdings, Inc.'s affiliate, Sibling Sports, LLC, as the Managing Member of M-1 Global, LLC, announced today the management team for M-1 Global.
Sibling Entertainment Group, Inc. is the company with which Sibling Holdings has previously signed an Agreement of Acquisition and Plan of Reorganization, the closing of which is currently pending. (See “Note to Editor” below for an explanation of Sibling Holdings relationship to Sibling Entertainment Group, Inc.).
“We are pleased with the high level of talent that we have been able to assemble to lead our new organization,” said Monte Cox, M-1 Global president and chief executive officer. “Our leadership team has a great blend of experience and skills that will help guide our organization in the years to come.”
Vadim Finkelchtein was appointed to the M-1 Global Executive Committee. He is also president of M-1 Mix Fight and will continue to manage Fedor Emelianenko, the world's greatest MMA fighter. Finkelchtein, 43, will be responsible for providing strategic guidance to the entire team. He will also help stage M-1 Global events in Russia.
“We are elated to partner with Vadim. Not only is he the founder of M-1 Mix Fight, but he is also a very successful Russian businessman. He owns and manages Russia's first and only sports-entertainment center located on water. Located in St. Petersburg, right across from the famous Hermitage museum, the center is located on board the 'Letuchii Golandez,' (or Flying Dutchman), a replica of the 1748 sailboat 'Amsterdam.' It contains four levels, and includes an exercise room, beauty salon, restaurants, cafes and hotel rooms,” Cox said.
Bob Clark was appointed chief operating officer. Clark, 51, will be responsible for directing and managing day-to-day operations. He was also appointed to the M-1 Global Executive Committee. Clark also serves as president of Sibling Theatricals, Inc. and director of marketing for Sibling Entertainment Group, Inc. Prior to joining Sibling in July 2007, he spent the past 9 years working for CarMax, a Fortune 500 company and one of the Fortune 2007 “100 Best Companies to Work For.”
Joost Raimond was appointed president of M-1 Eurasia. Raimond, 42, will be responsible for directing and managing day-to-day operations in Eurasia. He was also appointed to the M-1 Global Executive Committee. Prior to joining M-1 Global, Joost provided legal advice and management consultant services to Too Hot to Handle, M-1 Mix Fight & Pride Europe. He also owns his own project management and consultancy company — WORX. He specializes in health and fitness projects and focuses on sourcing fabrication of consumer or commercial products in the Far East and establishing production and QA/QC systems.
Apy Echteld was appointed vice president of fighter development. Echteld, 46, will be responsible for match-making and helping to identify fighters for M-1 Global to sign. He was also appointed to the M-1 Global executive committee. Echteld has been an accomplished martial arts trainer since 1979. In 1997, Echteld joined forces with Vadim Finkelchtein to create the Russian organization M-1 Mix-Fight, which is recognized as the largest MMA event in Europe.
Brian Patton was appointed vice president of M-1 Global. Patton, 41, will coordinate with SFX Media & Events to secure sponsorships and endorsements for both M-1 Global and our fighters. He was also appointed to the M-1 Global executive committee. Brian will continue in his current position as a faculty member at his alma mater Greenville College. Brian is also the business manager for Matt Hughes, 9-time UFC Welterweight champion.
Dennis Spencer, executive vice president of SFX Media & Events, was appointed to the M-1 Global executive committee. “He brings us over 30 years of experience in professional sports and sports television. Spencer, 54, will serve as our liaison with SFX Media & Events and he will help negotiate television and other media contracts, sponsorships and endorsements for M-1 Global and our fighters,” Cox said.
“We believe we have a world-class management team,” Cox said. “I look forward to working with this great group of leaders to help M-1 Global make its mark and contributions to the great sport of mixed martial arts.”
For more information, access the M-1 Global website at www.M-1Global.com.
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 www.siblingentertainment.biz.
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.