Sona Development Corp. Files Form 8-K to Announce Name Change; Adopting New Name as Sibling Entertainment Group Holdings, Inc. to Reflect New Theatrical, Film, Music Focus.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Sona Development Corp. [OTCBB OTCBB See OTC Bulletin Board (OTCBB). : SDVC SDVC Speed Dependent Volume Control (car audio) SDVC South Dakota Voices for Children (Sioux Falls, SD) ] (the "Company") filed a Certificate of Amendment with the State of Texas on May 14, 2007 changing its name to Sibling Entertainment Group Holdings, Inc. The Company filed a Form 8K with the Securities and Exchange Commission announcing the name change on May 18, 2007. The name change has been effectuated in anticipation of the pending acquisition of Sibling Entertainment Group, Inc., an entertainment development and production company based in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . The Company will file an application with the National Association of Securities Dealers National Association of Securities Dealers (NASD) Nonprofit organization formed under the joint sponsorship of the investment bankers' conference and the SEC to comply with the Maloney Act, which provides for the regulation of the OTC market. for a new ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors . Note to Editor: On June 28, 2006, the Company entered into an Agreement of Acquisition and Plan of Reorganization with Sibling Entertainment Group, Inc. ("Sibling"). The Agreement provides for the acquisition of Sibling's subsidiaries. Sibling 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.; Sibling Properties Inc.; Sibling Pictures, Inc.; and Sibling Music Corp. The shareholders of the Company approved such acquisition on February 9, 2007. However the closing of the transaction is subject to the Company filing a Form S-4 registration statement and the SEC declaring it effective. Safe Harbor: This press release may contain forward-looking statements that involve a number of risks and uncertainties and are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Sibling Entertainment Group Holdings, Inc. (formerly known as Sona Development Corp.) is subject to risks detailed from time to time in its publicly filed documents available at www.sec.gov. Sibling Entertainment Group Holdings, Inc. does not undertake to update any forward-looking statements that it may make to conform to actual results. |
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