Sibling Sports Announces That M-1 Global Signs Fedor Emelianenko - The Renowned MMA Fighter!

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Courtesy of Sibling Entertainment Group Holdings, Inc.:

NEW YORK, Oct. 23 -- Sibling Entertainment Group Holdings, Inc. (OTC Bulletin Board: SIBE - News) ["Sibling Holdings"] announced yesterday that an affiliate
of Sibling Entertainment Group, Inc., M-1 Global, LLC ["M-1 Global"] signed an agreement with Fedor Emelianenko, widely regarded as the world's best MMA
fighter.

"We are elated to have signed Fedor," says Mitchell Maxwell, chairman of M-1 Global. "He is the consummate MMA fighter. His record speaks for itself, at
26-1 he is the best heavyweight fighter in the world. In addition, almost every major MMA magazine and website has named Fedor the 'best pound for pound
MMA fighter' in the sport."

Vadim Finkelchtein, Fedor's manager says, "We're excited to be working with M-1 Global. This new organization is committed to moving MMA into the mainstream
worldwide. M-1 Global respects Fedor's desire to represent Russia in International Sambo Competitions and fully supports his participation in these events."

"Fedor has signed a two year contract for six fights with a very attractive extension option," Finkelchtein said.

As to compensation, Maxwell replied: "Fedor is being paid commensurate with his status as the MMA greatest fighter. I would be prepared to get in the ring
with him for what he is being paid. Of course in my case it would quickly become part of my estate."

Sherdog.com, a leading authority in the MMA world exclaims: "A complete fighter, Fedor is known for his brilliance in the ring, where he often appears so
relaxed it's like he just woke from a Sunday afternoon nap. Fedor mixes a vicious ground-striking game with an active submission regimen along with the
kind of high-elevation takedowns that only the most dynamic fighters possess. Having stood and gone to the floor with the best in both areas, most pundits
regard Emelianenko, the current PRIDE heavyweight champion, to be the finest fighter on the planet."

Robert Rousseau ExtremeProSports.com writer raves: "So what happens when you combine strength with elite fighting skills? In Fedor Emelianenko's case, you
get the Heavyweight Champion of Pride Fighting Championships (PRIDE). In fact, many believe that he may be the greatest martial artist in the history of
the sport, a terrifying brew of heart, technique, and astounding strength."

Richard Pauley, quoted on Foxsports.com explains: "It's the allure of being labeled 'unbeatable' that draws people to that kind of champion. Where would
golf be without Tiger Woods and what happened to basketball when Michael Jordan retired the first time? In MMA there is this 'unbeatable' champion, Russian
heavyweight Fedor Emelianenko. Fedor is a mild-mannered stone cold fighter who is versed in every aspect of the MMA game. He is considered unbeatable by
most which makes it all the more appealing to watch his fights."

"Not only is Fedor a great fighter, but he is a great ambassador of Russian Sambo and a great role model. Fedor spends time working with Russian orphan
boys to help them learn life skills through martial arts. He spends his own money to provide uniforms and training for these children. He believes that
respect for authority, discipline, and athletic skills that these young boys can learn from martial arts will help give them a meaningful future," Maxwell
said.

"While Fedor is well-known by hard-core US MMA fans, and MMA fans in Europe, Russia, and Asia, he is not as well-known in the US," said Maxwell. "We have
been working closely with SFX Media & Events, one of the premier sports marketing and management organizations in the world, to help us promote Fedor in
the US."

Dennis Spencer, executive vice president of SFX Media and Events, a Blue Equity Company, says, "Fedor Emelianenko is the best fighter in the world. He has
captured the imagination of MMA fans, and we intend to create television and media platforms in the United States and around the world that will showcase
Fedor and his unbelievable talent. Fedor will be the sport's first worldwide superstar."

"We have created a world-class organization to support Fedor and we're anxious for the American public to meet and embrace him," said Maxwell.

M-1 Global held a press conference Monday, October 22, 2007, at 5:30 PM. To view the press conference in its entirety visit the M-1 Global website at www.M-1Global.com
and select the press conference link.

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.

Contact: Investors and Financial Media
Bruce Nurse
Investor Relations,
1-866-925-SIBE (7423),
Email: info@siblingentertainment.biz

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