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Sibling Group to Acquire Urban Planet Mobile(TM) -- Leading Global Innovator of Educational Products
Sibling Group to Acquire Urban Planet Mobile(TM) -- Leading Global Innovator of Educational Products.
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[{"type":"text","content":"\n \n \n Sibling Group to Acquire Urban Planet Mobile(TM) -- Leading Global Innovator of Educational Products\n \n \nSibling Group to Acquire Urban Planet Mobile(TM) -- Leading Global Innovator of Educational Products\n \n AUSTIN, TX--(Marketwired - Oct 30, 2014) - Sibling Group Holdings, Inc. (OTCQB: SIBE), (www.siblinggroup.com) (the \"Company\"), an educational technology holding company, today announced that it has signed a non-binding letter of intent to acquire Urban Planet Media & Entertainment Corp., the operator of the Urban Planet Mobile™ education software platform (\"UPM\" or \"Urban Planet\"), a privately held mobile media company focused on creating high-value content and solutions in education, healthcare and literacy.\n Based in Durham, North Carolina, UPM was co-founded in 2007 by its Chief Executive Officer Brian OliverSmith to create quality products utilizing digital technology and mobile devices to reach all people, anywhere, and particularly those with limited or non-existent access to high-quality education. Winner of five global awards for mobile learning, including the GSMA Global Mobile Award for Best Mobile Learning Innovation, UPM creates and distributes content for English language learners, and recently expanded into other areas such as literacy and mobile health. With mobile learning programs recognized for their social and global impact, UPM has one of the largest mobile distribution networks in the education industry and is currently working with more than 36 distributors and 30 mobile operators in over 40 countries worldwide.\n Maurine Findley, Sibling's chief executive officer said, \"We are very excited about the prospects of combining the operations of Urban Planet Mobile and Sibling Group. UPM has a great reputation, a strong team, and a proven track record of global sales and marketing. UPM has seen significant growth in emerging markets with education solutions that meet the needs of those countries.\" Ms. Findley added, \"By combining UPM with our Blended Schools Network operations we will solidify our position as a leader in education solutions. UPM's management team, led by Brian OliverSmith, will make an excellent addition to the Sibling Group family. The UPM acquisition continues the Sibling Group goal of leveraging technology and high quality content to reach all ...