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Sibling Group to Acquire Urban Planet Mobile™ - Leading Global Innovator of Educational Products
Sibling Group to Acquire Urban Planet Mobile™ - Leading Global Innovator of Educational Products.
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[{"type":"text","content":"\n \n \n \n \n\n\nSibling Group to Acquire Urban Planet Mobile™\n- Leading Global Innovator of Educational Products\n\n\nAUSTIN, Texas, October 30, 2014\n-- Sibling Group Holdings, Inc. (OTCQB: SIBE), (www.siblinggroup.com) (the \"Company\"), an\neducational technology holding company, today announced that it has signed a non-binding\nletter of intent to acquire Urban Planet Media & Entertainment Corp., the\noperator of the Urban Planet Mobile™ education software platform (“UPM” or\n“Urban Planet”), a privately held mobile media company focused on creating\nhigh-value content and solutions in education, healthcare and literacy.\n\n \n\nBased in\nDurham, North Carolina, UPM was co-founded in 2007 by its Chief Executive\nOfficer Brian OliverSmith to create quality products utilizing digital\ntechnology and mobile devices to reach all people, anywhere, and particularly\nthose with limited or non-existent access to high-quality education. Winner of\nfive global awards for mobile learning, including the GSMA Global Mobile\nAward for Best Mobile Learning Innovation, UPM creates and distributes content for\nEnglish language learners, and recently expanded into other areas such as literacy\nand mobile health. With mobile learning programs recognized for their social\nand global impact, UPM has one of the largest mobile distribution networks in\nthe education industry and is currently working with more than 36 distributors\nand 30 mobile operators in over 40 countries worldwide.\n\n \n\nMaurine\nFindley, Sibling’s chief executive officer said, \"We are very excited\nabout the prospects of combining the operations of Urban Planet Mobile and\nSibling Group. UPM has a great reputation, a strong team, and a proven track\nrecord of global sales and marketing. UPM\nhas seen significant growth in emerging markets with education solutions that\nmeet the needs of those countries.” Ms. Findley added, “By combining UPM with\nour Blended Schools Network operations we will solidify our position as a leader\nin education solutions. UPM’s management\nteam, led by Brian OliverSmith, will make an excellent addition to the Sibling\nGroup family. The UPM acquisition continues the Sibling Group goal of\nleveraging technology and high quality content to reach all students, which\ndrives value for all stakeholders.\"\n\n &...