Sibling Theatricals, Inc. Announces Critically Acclaimed Musical Hats! Opens at Harrah's Las Vegas on January 12, 2008

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NEW YORK, Oct. 19 /PRNewswire-FirstCall/ -- Sibling Entertainment Group Holdings, Inc. (OTC:SIBE) (BULLETIN BOARD: SIBE) ["Sibling Holdings"] announced the critically acclaimed musical HATS! produced by Dick Foster Productions, Inc. ["DFP"] in association with Sibling Theatricals, Inc. ["Sibling Theatricals"], a wholly-owned subsidiary of Sibling Entertainment Group, Inc., opens at Harrah's Las Vegas on January 12, 2008. 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. and Sibling Theatricals). "We are elated to once again present our show in a Harrah's venue," said Mitchell Maxwell, President and CEO of Sibling Holdings. "We received fantastic audience response when we opened HATS! at Harrah's New Orleans in January 2007." "Harrah's Las Vegas is their flagship venue. We're excited that Harrah's has partnered with us to present HATS! in Las Vegas. Working together, these two great entertainment companies will ensure that HATS! has a long, healthy run at Harrah's Las Vegas," he said. "David Gravatt, DFP COO, and his entire team has done a fabulous job casting this show! When we entered into our agreement to purchase the majority of Dick Foster Productions, Inc., stock in February 2007, it was for this very reason," Maxwell said. "Dick Foster and his team have great relationships with the entire Harrah's organization. This production of HATS! allows DFP to showcase their ability to cast and direct a show, design and create fabulous costumes, and to design and create spectacular sets," he said. Friendship, fun and fabulousness meet in HATS! This witty stage show chronicles one woman's anxiety over her impending fiftieth birthday and how she chooses to embrace this landmark event with the support of her friends. Already a smash hit with audiences and critics across the country, the 75- minute comedic musical production has been designed by DFP with Las Vegas flair. HATS! features seven dynamic and compelling women whose unique approach to celebrating life appeals to audiences of all ages. The show centers around Maryanne and the wild cast of characters who accompany her on her journey toward her 50th birthday. The zany and unpredictable Ruby introduces Maryanne to the outrageous Contessa Confessa; to the bold and spirited Duchess DeLovely; to the fast talking, corporate executive Baroness; to the multi- talented Dame who can provide "tech support" to anyone 24/7; and finally to Maryanne's mother, Lady, who is filled with optimism and enthusiasm for her daughter. Outrageous costumes, scenic design, clever choreography and memorable music make HATS! a truly unique production. HATS! features a score of original songs by some of Broadway's most celebrated songwriters, including three-time Tony Award-winner Doug Besterman, Tony-nominated lyricist Susan Birkenhead, Tony-nominated composer-lyrist Carol Hall, Tony-nominated composer and three- time Academy Award nominee Henry Krieger, Grammy(R) Award-winners Melissa Manchester and Pam Tillis, Golden Globe-winner Amanda McBroom as well as Kathie Lee Gifford, Michele Brourman, Pat Bunch, Gretchen Cryer, Anthony Dodge, Sharon Vaughn, Beth Falcone, David Friedman, David Goldsmith and Stephen Lawrence. HATS! premiered in Denver in October 2006, opened in January 2007, at Harrah's New Orleans Casino Hotel and premiered in Chicago at the Royal George Theatre on April 29, 2007, to rave reviews. The Chicago Tribune says HATS! is "a music-and-comedy celebration ... .It will make a lot of people feel empowered. It does so with integrity, craft and heart." The Denver Post says "That's a real audience emitting real belly laughs and crying real tears. I have never seen an audience so affected in the course of watching theater." Finally, Variety raves "This is a feel-good show that's really about feeling good." HATS! is inspired by the fun-loving lifestyle encouraged by the Red Hat Society. According to founder Sue Ellen Cooper, the Red Hat Society (RHS) is a worldwide organization with over 30,000 chapters in all 50 states plus 25 countries offering fun, community and empowerment for passionate, likeminded women who believe in the joys of sisterhood at any age. With distinctive red hats and purple outfits, RHS members can be found everywhere. The organization is celebrating its 10th anniversary in 2008. For more information on the Red Hat Society, visit http://www.redhatsociety.com/. Tickets are available at the Harrah's Las Vegas box office, online at http://www.harrahs.com/las-vegas-entertainment or by calling (800) 392-9002. 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 http://www.siblingentertainment.biz/. Forward-Looking Statements We caution readers that the statements contained in this release about our future business plans, operations, opportunities, or prospects, including without limitation any statements or factors regarding expected sales, margins, or earnings, are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based upon management's current knowledge and assumptions about future events and involve risks and uncertainties that could cause actual results to differ materially from anticipated results. Among the factors that could cause actual results and outcomes to differ materially from those contained in the forward-looking statements are the following: changes in the general U.S. or regional U.S. economy; intense competition within our industry; our ability to acquire suitable real estate; the significant loss of key employees; the efficient operation of our information systems; changes in the availability or cost of capital and working capital financing; the regulatory environment in which we operate; the effect of various litigation matters; the effect of new accounting requirements or changes to generally accepted accounting principles; and the occurrence of certain other material events. We disclaim any intent or obligation to update our forward-looking statements. For more details on factors that could affect expectations see our quarterly or current reports as filed with or furnished to the Securities and Exchange Commission. DATASOURCE: Sibling Entertainment Group Holdings, Inc. CONTACT: Investors and Financial Media, Bruce Nurse, Investor Relations, +1-866-925-SIBE (7423), Web site: http://www.siblingentertainment.biz/ http://www.redhatsociety.com/ http://www.harrahs.com/las-vegas-entertainment

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SIBE -3x Biotech