Garlin Holdings Limited & Sibling Entertainment Group

In addition with the previously mentioned analytics on Sibling Entertainment Group.

Sibling Entertainment Group Holdings, Inc. (OTCBB: SIBE - http://finance.yahoo.com/q?s=SIBE.OB ) (Wed, October 17, 2007, 7:30am EDT) Sibling Entertainment Group Holdings, Inc. ["Sibling Holdings"] announced Sibling Theatricals, Inc. ["Sibling Theatricals"], a wholly-owned subsidiary of Sibling Entertainment Group, Inc., has signed an agreement with Garlin Holdings Limited to form Richfield Entertainment, LLC, (a Delaware limited liability company) for the purpose of developing and funding new projects. Sibling Entertainment Group, Inc. is the company with which Sibling Holdings has previously signed an Agreement of Acquisition and Plan of Reorganization, the closing of which is currently pending. (see "Note to Editor" below for an explanation of Sibling Holdings relationship to Sibling Entertainment Group, Inc. and Sibling Theatricals).

Richfield Entertainment LLC ("Richfield Entertainment") is a joint venture between Sibling Theatricals and Garlin Holdings Limited (a Jersey private limited company) ("Garlin Holdings") which will allow Sibling Theatricals to expand its operations in the United States and to pursue entertainment ventures in Russia, Asia, and Europe. Sibling Theatricals will retain a twenty-five (25%) interest in Richfield Entertainment. Richfield Entertainment has been granted a limited option to finance and fund future projects developed by Sibling Theatricals with the primary source of funding to be provided by Garlin or sources introduced by Garlin Holdings.

"We are excited to create a joint venture with Garlin Holdings Limited that will help fund some of our new projects being developed for Broadway. The creation of Richfield Entertainment supports our long range strategy to build a world-class entertainment company," said Mitchell Maxwell, Chairman and CEO of Sibling Entertainment Group, Inc. (and Sibling Holdings).

In addition, "On September 30, 2007, Richfield completed the first round of financing of $700,000 for the development of new works by Sibling Theatricals with Richfield Entertainment," he said.

Richfield Entertainment LLC will announce its plans for 2 upcoming Broadway productions shortly.

Source

So basically the situation looks like this:

• M-1 Global is created by a Richfield Entertainment.
  
• There has been a huge buzz about who are the people behind Sibling Entertainment Group, the founders of Richfield Entertainment, and where they have all that money (since we know quite sure that owners of Sibling don't have enough money to fund M-1 Global).
  
• But if we look carefully, actually Richfield Entertainment is a new company created by two companies: Sibling Entertainment Group & Garlin Holdings Limited.
  
• If we look at the information I provided above, we can actually see, that Sibling only owns about 25% of the Richfield, while other 75% are in the hands of Garlin!
  
• According to above information, Garlin is actually the company which will provide the funding, which it already did in amount of $700k.
  
• Garlin Holdings Limited is a "limited liability company", which means that we can't get the information about the structure, finance and real owners of the company.
  
• So the big question is: who are behind Garlin Holdings Limited? Is it "SFX Media & Events", like the press-release said? Or is it AEG, like rumours and my gut feeling are telling me? Or is it somebody else, like the Russian oligarch (like Roman Abramovich, the owner or UK football club Chelsea), who is using a cover, to hide his involvement?
  
• Another good question is, how Vadim Finkelstein and other people/companies officially (who own what) relate in a new venture, because the press-release told us only about two owners: Sibling Entertainment Group and Garlin Holdings Limited

Press-conference
According to the information from a M-1 camp, the press-conference will be shown on EckoTV.com. It is unknown whether it will be shown in a real time, or will there be a 1h-2h delay.