Sibling Theatricals, Inc. Reports Two Year Licensing Pact with Tampa Bay Performing Arts Center for the Musical ''HATS!''

NEW YORK--(BUSINESS WIRE)--Sibling Entertainment Group Holdings, Inc. [SIBE: OTCBB] [“Sibling Holdings”] announced that a multi-year contract was signed by Sibling Theatricals, Inc. [“Sibling Theatricals”], a wholly-owned subsidiary of Sibling Entertainment Group, Inc., the company with which Sibling Holdings has previously signed an Agreement of Acquisition and Plan of Reorganization (see “Note to Editor” below for an explanation of Sibling Holdings relationship to Sibling Entertainment Group, Inc. and Sibling Theatricals)

“This is a milestone event for everyone, coming only seven months after we opened “HATS!”

Sibling Theatricals’ wholly owned subsidiary Hats Holdings, Inc. has signed a multi-year licensing agreement with the Tampa Bay Performing Arts Center [“TBPAC”] to produce the musical “HATS!” at multiple Florida venues. The agreement is effective January 1, 2008 through December 31, 2009 with an optional two year extension and includes licensing compensation based on gross weekly box office receipts and advance royalty payments; collaboration with and marketing support by the Red Hat Society, which has approximately 3,000 Florida chapters; and sales of the “HATS!” cast album produced by and purchased from Sibling Music Corp., a second subsidiary of Sibling Entertainment Group, Inc.

“This is a milestone event for everyone, coming only seven months after we opened “HATS!” at the Denver Civic Theatre and just 18 months after we developed the musical and signed our own licensing agreement with the Red Hat Society,” said Mitchell Maxwell, Chairman and CEO of Sibling Entertainment Group, Inc. (and Sibling Holdings).

“Our extended Denver run, and subsequent productions at Harrah’s New Orleans Casino and Chicago’s Royal George Theatre with contributing song-writer Melissa Manchester in a starring role, indicate the show has strong regional appeal,” he said.

The Tampa Bay Performing Arts Center, now celebrating its 20^th anniversary, is the largest performing arts complex in the Southeast and has attracted 10 million guests since opening in 1987. TBPAC has one of the nation’s leading Broadway series and is nationally respected for producing a variety of entertainment. The 2007-2008 season calendar includes the exclusive Florida engagement of “Jersey Boys,” plus “Disney’s The Lion King,” “Avenue Q,” “My Fair Lady,” “Twelve Angry Men,”, “Charlotte’s Web,” “La Boheme,” “Tosca,” and the “Radio City Christmas Spectacular.”

“HATS!” will premiere February 2 through May 11, 2008 at TBPAC’s Jaeb Theater. The show celebrates the Red Hat Society and its women in 50 states and more than 25 countries and features songs by Grammy®, Tony® and Oscar©-nominated and award-winning composers Melissa Manchester, Kathie Lee Gifford, Pam Tillis and others.

Florida has the greatest concentration of Red Hat Society [www.redhatsociety.com] chapters in America with approximately 3,000 chapters including those in these 24 leading cities:

Jacksonville (136 chapters), Ocala [89], Melbourne[71], Naples [68], Sarasota [67], Tampa [63], Lakeland [61], Orlando [56], Clearwater [49], St. Petersburg [42], Venice [41], Fort Myers [40], Pensacola [39], North Fort Myers [38], New Port Richey [37], Gainesville [37], Orange Park [35], Vero Beach [35], Winter Haven [32], Palm Beach [31], Barefoot Bay [30], Boynton Beach [27], Fort Pierce [25] and West Palm Beach [22]

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, a non-trading public 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.; Sibling Properties Inc.; Sibling Pictures, Inc.; and Sibling Music Corp.

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.

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.