x |
Quarterly
report under Section 13 or 15(d) of the Securities Exchange Act of
1934
for the quarterly period ended June 30,
2008.
|
o |
Transition
report under Section 13 or 15(d) of the Securities Exchange Act of
1934
for the transition period from
to
.
|
TEXAS
(State
or other jurisdiction of incorporation or organization)
|
76-027334
(IRS
Employer Identification Number)
|
Large Accelerated Filer o | Accelerated Filer o | Non-Accelerated Filer o | Smaller Reporting Company x |
Page
|
||||
PART I. |
|
|||
ITEM 1.
FINANCIAL STATEMENTS
|
3
|
|||
Balance
Sheet as of June 30, 2008 (unaudited) and December 31, 2007
(audited)
|
4
|
|||
Statement
of Operations for the three and six months ended June 31, 2008 and
2007 and the period December 28, 1988 (inception) to June 30, 2008
(unaudited)
|
5
|
|||
Statement
of Cash Flows for the six months ended June 30, 2008 and 2007 and
the
period December 28, 1988 (inception) to June 30, 2008
(unaudited)
|
6 | |||
Statement
of Stockholder’s Equity (Deficit) for the period December 28, 1988
(inception) to June 30, 2008 (unaudited)
|
8
|
|||
Notes
to Financial Statements (unaudited)
|
11
|
|||
ITEM 2.
MANAGEMENT'S PLAN OF OPERATION
|
21
|
|||
ITEM 3.
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET
RISK
|
27
|
|||
ITEM 4T.
EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES
|
27
|
|||
PART II. | ||||
ITEM 1.
LEGAL PROCEEDINGS
|
29
|
|||
ITEM 2.
UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF
PROCEEDS
|
29
|
|||
ITEM 3.
DEFAULTS UPON SENIOR SECURITIES
|
29
|
|||
ITEM 4.
SUBMISSION OF MATTERS TO A VOTE OF SECURITY
HOLDERS
|
29
|
|||
ITEM 5.
OTHER INFORMATION
|
29
|
|||
ITEM 6.
EXHIBITS
|
29
|
|||
SIGNATURES
|
30
|
|||
INDEX
TO EXHIBITS
|
31
|
SIBLING
ENTERTAINMENT GROUP HOLDINGS, INC.
|
(A
Development Stage Company)
|
|
(Unaudited)
|
|
June
30,
2008
|
December 31,
2007
|
||||||
ASSETS
|
(Unaudited)
|
(Audited)
|
||||||
CURRENT
ASSETS
|
|
|||||||
Cash
|
$
|
—
|
$
|
—
|
||||
Escrow
with Attorney
|
1,000
|
1,000
|
||||||
Deposits
|
604
|
604
|
|
|||||
Total
current assets
|
1,604
|
1,604
|
|
|||||
Receivable
from Related Party
|
2,698,119
|
2,594,170
|
|
|||||
INVESTMENT
|
1
|
1
|
|
|||||
TOTAL
ASSETS
|
$
|
2,699,724
|
$
|
2,595,775
|
||||
|
||||||||
LIABILITIES
AND STOCKHOLDERS' EQUITY (DEFICIT)
|
||||||||
|
||||||||
CURRENT
LIABILITIES
|
||||||||
Accounts
payable and accrued liabilities
|
$
|
57,291
|
$
|
105,889
|
||||
Amounts
due to related parties
|
249,828
|
194,233
|
||||||
Short-term
Loan Payable, net of discount
|
2,710,295
|
2,257,190
|
|
|||||
Total
current liabilities
|
$
|
3,017,414
|
$
|
2,557,312
|
||||
|
||||||||
STOCKHOLDERS'
EQUITY (DEFICIT)
|
||||||||
Capital
Stock , $0.0001 par value; 100,000 shares authorized; 13,074,066
issued
and outstanding,
|
1,307
|
1,307
|
|
|||||
Additional
paid-in capital
|
3,983,824
|
3,982,824
|
||||||
Deficit
accumulated during the development stage
|
(4,302,821
|
)
|
(3,945,668
|
)
|
||||
Total
stockholder’s equity (deficit)
|
(317,690
|
)
|
38,463
|
|||||
TOTAL
LIABILITIES AND STOCKHOLDERS EQUITY
|
$
|
2,699,724
|
$
|
2,595,775
|
|
SIBLING
ENTERTAINMENT GROUP HOLDINGS, INC.
|
(A
Development Stage Company)
|
|
(Unaudited)
|
Three
months ended,
|
|
|
Six
months ended,
|
|
|
Amounts
From
December
28,1988
(Inception)
to
|
|
|||||||||
|
|
|
June
30,
|
|
|
June
30,
|
|
|
June
30,
|
|
||||||
|
|
|
2008
|
|
|
2007
|
|
|
2008
|
|
|
2007
|
|
|
2008
|
|
General
and administrative costs
|
$
|
19,504
|
$
|
95,709
|
$
|
54,125
|
$
|
156,364
|
$
|
2,897,818
|
||||||
Recovery
of consulting fees
|
-
|
-
|
-
|
-
|
(45,000
|
)
|
||||||||||
|
||||||||||||||||
Gain
(Loss) from Operations
|
(19,504
|
)
|
(95,709
|
)
|
(54,125
|
)
|
(156,364
|
)
|
(2,852,818
|
)
|
||||||
|
||||||||||||||||
Interest
income
|
86,235
|
8,900
|
169,274
|
8,900
|
337,617
|
|||||||||||
Interest
expense
|
(211,389
|
)
|
(73,229
|
(472,302
|
)
|
(281,386
|
(1,243,574
|
)
|
||||||||
Gain
on forgiveness of debt
|
-
|
-
|
-
|
-
|
8,000
|
|||||||||||
Write
down of promissory notes (note 7)
|
-
|
-
|
-
|
-
|
(552,046
|
)
|
||||||||||
|
||||||||||||||||
Net
Loss
|
$
|
(144,658
|
)
|
$
|
(160,038
|
)
|
$
|
(357,153
|
)
|
$
|
(428,850
|
)
|
$
|
(4,302,821
|
)
|
|
|
||||||||||||||||
Loss
per common share - basic and diluted
|
$
|
(0.01
|
)
|
$
|
(0.01
|
)
|
$
|
(0.03
|
)
|
$
|
(0.03
|
)
|
||||
|
||||||||||||||||
Weighted
average common shares -
|
||||||||||||||||
basic
and diluted
|
13,074,766
|
13,074,766
|
13,074,766
|
12,854,944
|
SIBLING
ENTERTAINMENT GROUP HOLDINGS, INC.
|
(A
Development Stage Company)
|
(Unaudited)
|
|
Six
months ended,
June
30,
|
|
Cumulative
Amounts From
December
28,1988
(inception)
to
June
30,
|
|
||||||
|
|
2008
|
|
2007
|
|
2008
|
||||
OPERATING
ACTIVITIES
|
|
|
|
|||||||
Net
loss
|
(357,153
|
)
|
(428,850
|
)
|
(4,302,821
|
)
|
||||
Adjustments
to reconcile net loss to net cash (used in) operating
activities:
|
—
|
|||||||||
Common
stock issued for consulting fees
|
—
|
—
|
853,400
|
|||||||
Common
stock issued for services
|
—
|
—
|
70,830
|
|||||||
Common
stock issued for finance costs
|
—
|
—
|
187,500
|
|||||||
Beneficial
conversion feature on convertible debt
|
—
|
208,157
|
208,157
|
|||||||
Amortization
of debt discount
|
298,810
|
78,362
|
679,400
|
|||||||
Common
stock issued for organization costs
|
—
|
—
|
33
|
|||||||
Interest
accretion on related party notes
|
(172,524
|
)
|
—
|
(338,821
|
)
|
|||||
Common
stock issued for other services
|
—
|
—
|
79,903
|
|||||||
Gain
on forgiveness of debt
|
—
|
—
|
(8,000
|
)
|
||||||
Write
down of promissory notes
|
—
|
—
|
552,047
|
|||||||
Changes
in non-cash working capital items
|
—
|
—
|
—
|
|||||||
Accrued
Receivable from Related Party
|
—
|
—
|
—
|
|||||||
Accounts
payable and accrued liabilities
|
106,697
|
(8,847
|
)
|
659,731
|
||||||
Advances
and deposits
|
—
|
(5,066
|
)
|
(604
|
)
|
|||||
Accrued
and unpaid amounts due to related parties
|
55,595
|
67,104
|
216,160
|
|||||||
Net
cash used in operating activities
|
(68,575
|
)
|
(89,140
|
)
|
(1,143,085
|
)
|
||||
|
||||||||||
Net
cash provided by (used in) investing activities:
|
||||||||||
Promissory
notes
|
—
|
—
|
(550,000
|
)
|
||||||
Proceeds
from repayment of related party interest
|
68,575
|
—
|
195,650
|
|||||||
Advances
to related party
|
—
|
(1,249,622
|
)
|
(2,555,000
|
)
|
|||||
Loan
to Smart Card Technologies Co. Ltd.
|
—
|
—
|
(600,000
|
)
|
||||||
Net
cash provided by (used in) investing activities
|
68,575
|
(1,249,622
|
)
|
(3,509,350
|
)
|
SIBLING
ENTERTAINMENT GROUP HOLDINGS, INC.
|
(A
Development Stage Company)
|
STATEMENTS
OF CASH FLOWS
|
(Unaudited)
|
|
Six
months ended,
June
30,
|
|
Cumulative
Amounts From
December
28, 1988
(inception)
to
June
30,
|
|
||||||
Net
cash provided by financing activities
|
|
2008
|
|
2007
|
|
2008
|
||||
Advances
from related parties
|
—
|
88,450
|
656,568
|
|||||||
Proceeds
from loan/short term debt
|
—
|
1,450,000
|
3,235,000
|
|||||||
Escrow
Account
|
—
|
(200,000
|
)
|
(200,000
|
)
|
|||||
Common
stock issued for cash
|
—
|
—
|
760,867
|
|||||||
Net
cash provided by financing activities
|
—
|
1,338,450
|
4,652,435
|
|||||||
|
||||||||||
NET
INCREASE (DECREASE) IN CASH
|
—
|
(312
|
)
|
—
|
||||||
CASH,
BEGINNING OF PERIOD
|
—
|
345
|
—
|
|||||||
CASH,
END OF PERIOD
|
—
|
33
|
—
|
SIBLING
ENTERTAINMENT GROUP HOLDINGS, INC.
|
|||||||||||
(A
Developmental Stage Company)
|
|||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
December
28, 1988 (Inception) to June 30,
2008
|
Deficit
Accumulated
|
|||||||||||||||||||
Common
Stock
|
Additional
Paid-in
|
Stock
|
During
the
Development
|
||||||||||||||||
Shares
|
Amount
|
Capital
|
Subscriptions
|
Stage
|
Total
|
||||||||||||||
Balance
at December 28, 1988 (date of inception)
|
—
|
—
|
—
|
—
|
—
|
—
|
|||||||||||||
Stock
issued for organization costs
|
33,000
|
$
|
33,000
|
$
|
(32,967
|
)
|
—
|
—
|
$
|
33
|
|||||||||
Net
loss
|
—
|
—
|
—
|
—
|
$
|
(33
|
)
|
(33
|
)
|
||||||||||
Balances
at December 31, 1988 to December 31, 1996
|
33,000
|
33,000
|
(32,967
|
)
|
—
|
(33
|
)
|
—
|
|||||||||||
|
|||||||||||||||||||
1,000
for 1 stock split
|
32,967,000
|
—
|
—
|
—
|
—
|
—
|
|||||||||||||
Cancelled
30,000,000 shares
|
(30,000,000
|
)
|
(32,700
|
)
|
32,700
|
—
|
—
|
—
|
|||||||||||
Stock
issued for cash at $5.00 per share
|
20,000
|
2
|
99,998
|
—
|
—
|
100,000
|
|||||||||||||
Net
loss
|
—
|
—
|
—
|
—
|
(80,025
|
)
|
(80,025
|
)
|
|||||||||||
Balance
at December 31, 1997
|
3,020,000
|
302
|
99,731
|
—
|
(80,058
|
)
|
19,975
|
||||||||||||
|
|||||||||||||||||||
Stock
issued for services at $0.10 per share
|
95,000
|
10
|
9,490
|
—
|
—
|
9,500
|
|||||||||||||
Stock
issued for cash at $0.14 per share
|
52,800
|
5
|
7,795
|
$
|
(2,722
|
)
|
—
|
5,028
|
|||||||||||
Net
loss
|
—
|
—
|
—
|
—
|
(33,798
|
)
|
(33,798
|
)
|
|||||||||||
Balance
at December 31, 1998
|
3,167,800
|
317
|
117,016
|
(2,722
|
)
|
(113,856
|
)
|
705
|
|||||||||||
|
|||||||||||||||||||
Net
loss
|
—
|
—
|
—
|
—
|
(66,662
|
)
|
(66,662
|
)
|
|||||||||||
Balance
at December 31, 1999
|
3,167,800
|
317
|
117,016
|
(2,722
|
)
|
(180,518
|
)
|
(65,957
|
)
|
The
accompanying notes are an integral part of these financial
statements.
|
|
|
|
|
|
|
|
|
|
|
|
|
Deficit
Accumulated
|
|
|
|
|
|||
|
|
|
Common
Stock
|
|
|
Additional
Paid-in
|
|
|
Stock
|
|
|
During
the
Development
|
|
|
|
|
|||
|
|
|
Shares
|
|
|
Amount
|
|
|
Capital
|
|
|
Subscriptions
|
|
|
Stage
|
|
|
Total
|
|
2
for 1 stock split
|
3,167,800
|
317
|
(317
|
)
|
—
|
—
|
—
|
||||||||||||
Stock
issued for consulting fees at $2.00 per share
|
320,000
|
32
|
639,968
|
—
|
—
|
640,000
|
|||||||||||||
Stock
issued to settle trade payables at $2.00 per share
|
20,540
|
2
|
41,078
|
—
|
—
|
41,080
|
|||||||||||||
Stock
issued for services at $2.00 per share
|
11,960
|
2
|
23,918
|
—
|
—
|
23,920
|
|||||||||||||
Stock
issued per preemptive rights
|
192
|
—
|
17
|
—
|
—
|
17
|
|||||||||||||
Stock
subscriptions received
|
—
|
—
|
—
|
2,722
|
—
|
2,772
|
|||||||||||||
Net
loss
|
—
|
—
|
—
|
—
|
(1,018,914
|
)
|
(1,018,914
|
)
|
|||||||||||
Balance
at December 31, 2000
|
6,688,292
|
670
|
821,680
|
—
|
(1,199,432
|
)
|
(377,082
|
)
|
|||||||||||
|
|||||||||||||||||||
Stock
issued for consulting fees and payables at $0.08 per share
|
687,500
|
68
|
54,932
|
—
|
—
|
55,000
|
|||||||||||||
Stock
issued at $0.08 per share for rent payable
|
535,000
|
54
|
42,746
|
—
|
—
|
42,800
|
|||||||||||||
Net
loss
|
—
|
—
|
—
|
—
|
(227,672
|
)
|
(227,672
|
)
|
|||||||||||
Balance
at December 31, 2001
|
7,910,792
|
792
|
919,358
|
—
|
(1,427,104
|
)
|
(506,954
|
)
|
|||||||||||
|
|||||||||||||||||||
1
for 10 reverse stock split
|
(7,119,708
|
)
|
(713
|
)
|
713
|
—
|
—
|
—
|
|||||||||||
Stock
subscribed for converted debts
|
—
|
—
|
—
|
641,953
|
—
|
641,953
|
|||||||||||||
Net
loss
|
—
|
—
|
—
|
—
|
(180,733
|
)
|
(180,733
|
)
|
|||||||||||
Balance
at December 31, 2002
|
791,084
|
79
|
920,071
|
641,953
|
(1,607,837
|
)
|
(45,734
|
)
|
|||||||||||
|
|||||||||||||||||||
Stock
issued for cash at $0.10 per share
|
280,000
|
28
|
27,972
|
—
|
—
|
28,000
|
|||||||||||||
Stock
issued for converted debts
|
5,598,947
|
560
|
641,393
|
(641,953
|
)
|
—
|
—
|
||||||||||||
Stock
issued for debt settlement at $0.20 per share
|
280,538
|
28
|
56,080
|
—
|
—
|
56,108
|
|||||||||||||
Stock
issued for debt settlement at $0.20 per share
|
52,500
|
5
|
10,495
|
—
|
—
|
10,500
|
|||||||||||||
Stock
issued for debt settlement at $0.10 per share
|
50,000
|
5
|
4,995
|
—
|
—
|
5,000
|
|||||||||||||
Net
loss
|
—
|
—
|
—
|
—
|
(100,115
|
)
|
(100,115
|
)
|
|||||||||||
Balance
at December 31, 2003
|
7,053,069
|
705
|
1,661,006
|
—
|
(1,707,952
|
)
|
(46,241
|
)
|
|||||||||||
|
|||||||||||||||||||
Stock
issued for debt settlement at $0.10 per share
|
735,782
|
73
|
73,505
|
—
|
—
|
73,578
|
|||||||||||||
Stock
issued for debt settlement at $0.10 per share
|
50,000
|
5
|
4,995
|
—
|
—
|
5,000
|
|||||||||||||
Stock
issued for services at $0.15 per share
|
65,000
|
6
|
9,744
|
—
|
—
|
9,750
|
|||||||||||||
Stock
issued for debt settlement at $0.10 per share
|
86,000
|
9
|
8,591
|
—
|
—
|
8,600
|
|||||||||||||
Stock
issued for debt settlement at $0.16 per share
|
277,314
|
28
|
44,717
|
—
|
—
|
44,745
|
|||||||||||||
Stock
issued for cash at $0.35 per share
|
871,572
|
87
|
304,963
|
—
|
—
|
305,050
|
|||||||||||||
Subscriptions
receivable
|
—
|
—
|
—
|
(35,000
|
)
|
—
|
(35,000
|
||||||||||||
Net
loss
|
—
|
—
|
—
|
—
|
(447,411
|
)
|
(447,411
|
)
|
|||||||||||
Balance
at December 31, 2004
|
9,138,737
|
913
|
2,107,521
|
(35,000
|
)
|
(2,155,363
|
)
|
(81,929
|
)
|
The
accompanying notes are an integral part of these financial
statements.
|
Deficit
Accumulated
|
|||||||||||||||||||
Common
Stock
|
Additional
Paid-in
|
Stock
|
During
the
Development
|
||||||||||||||||
Shares
|
Amount
|
Capital
|
Subscriptions
|
Stage
|
Total
|
||||||||||||||
Stock
issued for cash at $0.35 per share
|
914,288
|
91
|
319,909
|
—
|
—
|
320,000
|
|||||||||||||
Stock
issued for debt settlement at $0.10 per share
|
1,147,680
|
115
|
114,653
|
—
|
—
|
114,768
|
|||||||||||||
Stock
issued for debt settlement at $0.50 per share
|
50,000
|
5
|
24,995
|
—
|
—
|
25,000
|
|||||||||||||
Subscriptions
received
|
—
|
—
|
—
|
35,000
|
—
|
35,000
|
|||||||||||||
Net
loss
|
—
|
—
|
—
|
—
|
(407,256
|
)
|
(407,256
|
)
|
|||||||||||
Balance
at December 31, 2005
|
11,250,705
|
1,124
|
2,567,078
|
—
|
(2,562,619
|
)
|
5,583
|
||||||||||||
|
|||||||||||||||||||
Stock
issued for finance costs
at
$0.35 per share (Note 7)
|
150,000
|
15
|
52,485
|
—
|
—
|
52,500
|
|||||||||||||
Stock
issued for consulting fees at $0.36 per share
|
100,000
|
10
|
35,990
|
—
|
—
|
36,000
|
|||||||||||||
Stock
issued for consulting fees at $0.40 per share
|
176,000
|
18
|
70,382
|
—
|
—
|
70,400
|
|||||||||||||
Stock
issued for finance costs
At
$0.45 per share (Note 7)
|
300,000
|
30
|
134,970
|
—
|
—
|
135,000
|
|||||||||||||
Net
loss
|
—
|
—
|
—
|
—
|
(532,610
|
)
|
(532,610
|
)
|
|||||||||||
Balance
at December 31, 2006
|
11,976,705
|
1,197
|
2,860,905
|
—
|
(3,095,229
|
)
|
(233,127
|
)
|
|||||||||||
|
|||||||||||||||||||
Beneficial
conversion feature on convertible debt
|
—
|
—
|
208,157
|
—
|
—
|
208,157
|
|||||||||||||
Stock
issued for conversion of debt
|
1,097,361
|
110
|
219,362
|
—
|
—
|
219,472
|
|||||||||||||
Debt
forgiveness - related party debt
|
—
|
—
|
16,000
|
—
|
—
|
16,000
|
|||||||||||||
Warrants
Issued with Loans Payable
|
—
|
—
|
678,400
|
—
|
—
|
678,400
|
|||||||||||||
Net
loss
|
—
|
—
|
—
|
—
|
(850,438
|
)
|
(850,438
|
||||||||||||
Balance
at December 31, 2007
|
13,074,066
|
1,307
|
3,982,824
|
—
|
(3,945,668
|
)
|
38,463
|
||||||||||||
Value
of warrants issued
|
—
|
—
|
1,000
|
—
|
—
|
1,000
|
|||||||||||||
Net
loss
|
—
|
—
|
—
|
—
|
(357,153
|
)
|
(357,153
|
)
|
|||||||||||
Balance
at June 30, 2008
|
13,074,066
|
1,307
|
3,983,824
|
—
|
(4,302,821
|
)
|
(317,690
|
)
|
The
accompanying notes are an integral part of these financial
statements.
|
|
June
30,
2008
|
|||
|
|
|||
Due
to a significant shareholder (a)
|
$
|
90,069
|
||
Unsecured
payable to a shareholder with no specific terms and due on demand
(b)
|
—
|
|||
Due
to an officer (c)
|
—
|
|||
Due
to a company with a director in common (d)
|
159,759
|
|||
|
$
|
249,828
|
|
2008
|
2007
|
|||||
Consulting
fees paid or accrued to a significant shareholder (a)
|
$
|
21,000
|
$
|
49,000
|
|||
Rent
paid or accrued to a shareholder (b)
|
—
|
3,000
|
|||||
Consulting
fees paid or accrued to a director (d)
|
—
|
37,800
|
|||||
|
$
|
21,000
|
$
|
89,800
|
Expected volatility | - 61 | % | ||
Expected dividends | - 0 | |||
Expected term | - 5 years | |||
Risk-free rate | - 5.25 | % |
|
Six
months ended June 30,
|
||||||
|
2008
|
2007
|
|||||
Interest
|
$
|
68,575
|
$
|
—
|
|||
Income
taxes
|
$
|
—
|
$
|
—
|
·
|
Purchase
and exploitation of literary rights as well as investments in the
production of both film and live-stage events including the
following:
|
·
|
The
management of Adrenaline MMA Inc. (“Adrenaline MMA”) for the production
and promotion of Mixed Martial Arts (“MMA”) Events. Adrenaline MMA headed
by Monte Cox intends to produce several fighting events over the
next
several years.
|
·
|
Adrenaline
MMA has also entered into two letter of agreement to acquire up to
80% of
Extreme Challenge LLC (a fight promotions company) and Extreme Challenge
Management LLC (a fighter management company), two companies founded
and
wholly owned by Monte Cox. Adrenaline MMA has also taken an option
to
purchase upon to 30% of Water Channel, Inc. (a cable television network
for water related industries) and a letter of agreement with Water
Channel, Inc. to take an equal ownership and interest in a second
television network related to the mixed martial arts industry.
|
·
|
HATS!
- A Musical for the Rest of Your Life” (“HATS!”) is based upon the women
and spirit of Red Hat Society, Inc. (“RHS”). The musical premiered in
Denver, Colorado at the New Denver Civic Theatre on October 7, 2006
and
ran through December 31, 2006 and subsequently had three productions.:
Harrah’s New Orleans Hotel & Casino (New Orleans) from January 25,
2007 to April 21, 2007; and the Royal George Theatre in Chicago,
Illinois
from April 20, 2007 to July 29, 2007; and Harrah’s Hotel & Casino (Las
Vegas) from January 12, 2008 to June 19, 2008 through Dick Foster
Productions (a subsidiary of Sibling Theatricals, Inc.) A license
with
Tampa Bay Performing Arts Center for the rights to produce HATS!
throughout the State of Florida beginning January 1, 2008 for two
years
with an option to renew for an additional two years with the first
production which ran from in the Jaeb Theatre January 24 - May 11,
2008
|
·
|
License
and production of additional companies of HATS! under Sibling Theatricals,
Inc. wholly owned subsidiary Hats Holdings, Inc. through an exclusive
licensing agreement with the RHS to develop and produce HATS! including
sequels and future home video, pay-per-view events and DVD
recordings.
|
·
|
Optimize
revenue by licensing the HATS! trademarks and by selling HATS! Cast
Album
through Sibling Music, Inc..
|
·
|
Development
of a new musical, subject to negotiations with the world-renowned
comedian
and entertainer Jerry Lewis, based upon his book “DEAN & ME,” a story
of his life with Dean Martin.
|
·
|
Development
of a new musical, subject to negotiations to produce a new musical
in New
Orleans “WHITE NOISE.”
|
·
|
Development
of a new musical, subject to negotiations to produce a new musical
in New
Orleans “WHITE NOISE.”
|
·
|
The
continued distribution and selling of the HATS! cast album through
retail,
theatrical venue and internet outlets and the production of additional
cast albums of other future
productions.
|
·
|
Negotiations
with Bernstein Corporations Entertainment, Inc. to acquire the
intellectual properties, label imprint (Finer Arts Records and TransWorld
Records, M Bernstein Music Publishing ASCAP, Bernstein Artists Management)
and related artist recording contracts
and
|
·
|
Evaluating
our option to produce the screenplay REEL LOVE as an independent
feature
film.
|
·
|
Negotiations
with URL Productions, Inc. to co-produce “Once Around the Sun” as a
feature film previously produced Off-
Broadway.
|
·
|
Strategic
investments in third party theatrical
productions.
|
·
|
Development
of an independent film production business by leveraging the acquisition
of SPI and its subsidiaries Sibling Pictures Fund, LLC; Reel Love
on Film
LLC and Reel Love Productions, Inc.
|
·
|
Growing
our management and consulting business with regional not-for-profit
and
professional theatre companies
|
·
|
Ongoing
management of the Denver Civic Theatre, Inc. (a not-for-profit
organization, "DCT") for which our officers and directors serve as
members
of its board of directors.
|
·
|
Formation
of alliances with companies that possess rights or agreements desired
by
us including:
|
·
|
an
ongoing relationship with Sibling Entertainment, Inc. (see related
parties).
|
Exhibit
No.
|
Page
No.
|
Description
|
||
31.1
|
Attached
|
Certification
of the Chief Executive Officer pursuant to Rule 13a-14 of the Securities
and Exchange Act of 1934 as amended, as adopted pursuant to Section
302 of
the Sarbanes-Oxley Act of 2002.
|
||
31.2
|
Attached
|
Certification
of the Chief financial Offer pursuant to Rule 13aq-14 of the Securities
and Exchange Act of 1934 as amended as adopted pursuant to Section
302 of
the Sarbanes-Oxley Act of 2002
|
||
32.1
|
Attached
|
Certification
of the Chief Executive Officer pursuant to 18 U.S.C. Section 1350
as
adopted pursuant to Section 906 of the Sarbanes-Oxley Act of
2002.
|
||
32.2
|
Attached
|
Certification
of the Chief Financial Officer pursuant to 18 U.S.C. Section 1350
as
adopted pursuant to Section 906 of the Sarbanes-Oxley Act of
2002.
|