Sibling Group Holdings, Inc. (OTCPK:SIBE) agreed to acquire the assets of AcceleratingED, LLC from DWSABA Consulting LLC for $0.06 million on January 13, 2014. Sibling Group Holdings, Inc. entered into an asset purchase agreement to acquire the assets of AcceleratingED, LLC from Dave Saba for $0.06 million on January 31, 2014. Sibling Group Holdings issued 0.8 million shares as consideration. Dave Saba, Founder of AcceleratingED will be appointed as President and Board of Director of Sibling. Frank Lightmas also will be appointed as Board of Director of Sibling. The transaction is only subject to final documentation, and has already been approved by the Board of Directors of Sibling Group, is expected to complete by January end. Gerry Balboni of Krevolin & Horst, LLC acted as legal advisor for Sibling Group.

Sibling Group Holdings, Inc. (OTCPK:SIBE) completed the acqusiition of the assets of AcceleratingED, LLC from DWSABA Consulting LLC on February 1, 2014.