Sibling Group Holdings, Inc. (SIBE) Embarks on Glo
Post# of 58
Posted On: 04/15/2015 4:19:24 PM
Sibling Group Holdings, Inc. (SIBE) Embarks on Global Expansion Plans with Capital Infusion
Sibling Group Holdings, a company whose efforts and resources are focused on educational technology, is off to an encouraging start leveraging capital proceeds of $5.5 million stemming from its exercising of previously issued common share purchase warrants.
The warrant arrangement was issued in conjunction with SIBE’s funding from People’s Republic of China Limited Liability Company, Shenzhen City Qianhai Xinshi Education Management Co., Ltd. (“Shenzhen Times”), which was announced early last month. The Shenzhen Times partnership and strategic investment was crafted to expedite Sibling’s expansion into strategic markets around the world. China in particular offers significant opportunity for growth.
Brian Oliver-Smith, Sibling Group’s CEO commented, “This additional infusion of capital indicates that our Strategic Partner and Investor, Shenzhen Times, is confident in the future of Sibling Group. This further investment should allow the Company to move quickly and take advantage of the opportunities we are seeing across multiple markets domestically and internationally for both our Blended Schools Networks curriculum and solutions and our Urban Planet Mobile products.”
Shenzhen Times exercised 100% of its nearly 43 million A-1 warrants at an exercise price of $0.07 per share and 30,000,000 of their B-1 warrants at an exercise price of $0.084 per share. Terms of the deal indicate that the total number shares issued upon the exercise of the warrants may not be offered or sold without being registered with the SEC or by way of an exemption from SEC registration requirements. As a result of this warrant exercise, Shenzhen Times becomes the majority holder of SIBE’s outstanding common stock.
Sibling’s two wholly owned subsidiaries, the Blended Schools Network (BSN) and Urban Planet Mobile™ (UPM), have forged competitive positions in the sharp, upward trending global eLearning and mEducation markets. Blended Schools Network provides benchmark online curriculum for the K-12 marketplace with hosted course authoring tools and professional development for teachers. The curriculum also includes a learning management system environment. Urban Planet’s platform is used in more than 40 countries. Most notably, its products can be used and integrated with all digital and mobile platforms.
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Sibling Group Holdings, a company whose efforts and resources are focused on educational technology, is off to an encouraging start leveraging capital proceeds of $5.5 million stemming from its exercising of previously issued common share purchase warrants.
The warrant arrangement was issued in conjunction with SIBE’s funding from People’s Republic of China Limited Liability Company, Shenzhen City Qianhai Xinshi Education Management Co., Ltd. (“Shenzhen Times”), which was announced early last month. The Shenzhen Times partnership and strategic investment was crafted to expedite Sibling’s expansion into strategic markets around the world. China in particular offers significant opportunity for growth.
Brian Oliver-Smith, Sibling Group’s CEO commented, “This additional infusion of capital indicates that our Strategic Partner and Investor, Shenzhen Times, is confident in the future of Sibling Group. This further investment should allow the Company to move quickly and take advantage of the opportunities we are seeing across multiple markets domestically and internationally for both our Blended Schools Networks curriculum and solutions and our Urban Planet Mobile products.”
Shenzhen Times exercised 100% of its nearly 43 million A-1 warrants at an exercise price of $0.07 per share and 30,000,000 of their B-1 warrants at an exercise price of $0.084 per share. Terms of the deal indicate that the total number shares issued upon the exercise of the warrants may not be offered or sold without being registered with the SEC or by way of an exemption from SEC registration requirements. As a result of this warrant exercise, Shenzhen Times becomes the majority holder of SIBE’s outstanding common stock.
Sibling’s two wholly owned subsidiaries, the Blended Schools Network (BSN) and Urban Planet Mobile™ (UPM), have forged competitive positions in the sharp, upward trending global eLearning and mEducation markets. Blended Schools Network provides benchmark online curriculum for the K-12 marketplace with hosted course authoring tools and professional development for teachers. The curriculum also includes a learning management system environment. Urban Planet’s platform is used in more than 40 countries. Most notably, its products can be used and integrated with all digital and mobile platforms.
Please see disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
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