NEW YORK, Oct. 22 /PRNewswire-FirstCall/ -- Sibling Entertainment Group Holdings, Inc. ["Sibling Holdings"] announced Sibling Theatricals, Inc. ["Sibling Theatricals"], a wholly-owned subsidiary of Sibling Entertainment Group, Inc., together with Garlin Holdings Limited as Managing Members, have formed Sibling Sports, LLC (a Delaware limited liability company) for the purpose of creating M-1 Global, LLC (a New York limited liability company), a new mixed martial arts organization.

In addition, Monte Cox, a 13-year veteran of the mixed martial arts industry, was named President and CEO of 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 excited to announce the formation of Sibling Sports, LLC and our new mixed martial arts organization M-1 Global," said Mitchell Maxwell, President and CEO of Sibling Holdings. "Mixed martial arts is the fastest growing sport in America. It is the boxing of the 21st century. We see our entry into sports entertainment as an integral part of our strategic plan to develop new and unique entertainment products worldwide."

"We have pulled together a world-class group of people to lead our new organization. Our new management team has extensive mixed martial arts experience in Europe, Russia, Asia and the US. We have developed a strategic alliance with SFX Media & Events, one of the premiere sports marketing, event management, and athlete management companies in the world," he said.

Labels: Fedor Emelianenko, M-1, MMA, Monte Cox