$SIBE - "Sibling plans to leverage the 12 year success of BSN and their quality products, adding extensive sales coverage, without the time and expense usually required to ramp up an internal sales force. To that end, we expect to finalize joint marketing and licensing agreements, providing coast-to-coast coverage in the public education market, as well as some efforts tailored to niche education segments and international sales."
With regard to acquisitions, Mr. Saba commented that the addition of BSN allows Sibling Group to hone its acquisition targets with a particular focus on education technology to capitalize on the synergies in this area with BSN's core business. "Our project, referred to as 'The Teaching Alliance,' can now be refined to focus on virtual situations, both domestically and internationally, at all age levels. Beyond the fact that it could provide a natural gross margin increase for the BSN intellectual product library, it also has the potential to open international distribution. Once again, this saves time and money as we seek to establish Sibling Group as a leader in 21st century education."