EquiPress For:

Sibling Group Holdings, Inc

Sibling’s Blended Schools Network and LoudCloud Team Up to Accelerate Online Learning Organizations will market and sell Blended Schools Network’s content in LoudCloud LMS

AUSTIN, Texas, October 14, 2014 – Sibling Group Holdings, Inc. (OTCQB: SIBE) (www.siblinggroup.com) (the “Company”), an educational technology holding company, announces that it has signed an agreement with LoudCloud to bring online, blended and competency-based learning to more K-12 students. The groups have worked together to install Blended Schools Network (BSN) content on the LoudCloud learning management system (LMS).

The BSN content library was recently expanded to 212 courses from 192 courses and now features more than 15,000 lessons and 12,000 videos. BSN has seen increased demand for certain online courses that school districts previously struggled to offer due to low enrollment. This past year, BSN had more than 300,000 enrollments and product demand has expanded from traditional regional focus to national as well as international interest.

“School districts are looking for the best combined solution for their school district. We have worked with LoudCloud so that our customers can now access their LMS platform with our content; students will also benefit from this new technology,” said Jed Friedrichsen, Chief Academic Officer of Sibling Group.

LoudCloud is a behavioral analytics-based teaching and learning ecosystem designed to deliver personalized pathways in education. The core framework, rooted in re-imagined LMS technology, simplifies course and content authoring using proprietary algorithms to inform and guide course progress through recommendations. With innovations in collaborative, digital readers and task centricity, LoudCloud continues to grow business with prominent customers in both the higher education and K-12 sectors while providing platforms for institutions engaging in competency based learning solutions.

“We are pleased to provide the high quality Blended Schools content inside the LoudCloud LMS and FasTrak platforms,” said Manoj Kutty, CEO of LoudCloud Systems. “Our school district clients often want access to high quality content and this integration provides them with another great content source to enhance their performance now and in the future.”

The two groups have already begun reaching out to school districts across the country and are looking at ways to focus on the LoudCloud competency-based learning platform.

About Sibling Group Holdings, Inc.
Sibling Group Holdings, Inc. (OTCQB: SIBE), through its wholly owned subsidiary Blended Schools Network (BSN), provides benchmark quality online curriculum for the K-12 marketplace, complete hosted course authoring tools, professional development for teachers and a learning management system (LMS) environment. Sibling Group Holdings is focused on pursuing market expansion and new product development to meet the global trend towards leveraging educational technology to improve student performance.

For more information, visit www.siblinggroup.com

Safe Harbor
This press release contains forward-looking statements that involve risks and uncertainties concerning the plans and expectations of Sibling Group Holdings, Inc. and its success partnering with LoudCloud. Actual events or results may differ materially from those described in this press release due to a number of risks and uncertainties. The potential risks and uncertainties include, among others, that the anticipated benefits of the LoudCloud Agreement may not be realized. More information about potential factors that could affect our business and financial results is included under the captions, "Risk Factors" in the company's Annual Report on Form 10-KT for the transition period ended June 30, 2014 which has been filed with the Securities and Exchange Commission ("SEC") and available at the SEC's website at www.sec.gov.

Contact:
Richard Marshall, Chief Development Officer
Email: rmarshall@siblinggroup.com
Phone: (512)-329-1905

EquiPress

Welcome!

This is our first post. We hope you find our platform valuable for your corporate communication needs.

If you have any questions sign in to post on our wall or email us at support@equipress.com.

Medical Alarm Concepts Holding, Inc.
Medical Alarm Concepts Holding, Inc.

Medical Alarm Concepts Holding, Inc. Announces Month-Long, 2-Minute Commercial Airing on Cablevision's News12 in November,

KING OF PRUSSIA, PA / ACCESSWIRE / November 6, 2014 / Medical Alarm Concepts Holding, Inc. (OTC Pink: MDHI) (MDHI) (MDHI) (the "Company"), creator of the patented MediPendant(R) personal medical alarm device, that provides users with a reliable way to communicate with emergency personnel and/or loved ones whenever medical assistance is needed, announces the launch of a 2-minute commercial to air on Cablevision's News12 for the entire month of November 2014.

The commercial features Medical Alarm Concepts Holding, Inc.'s patented medical alert product, MediPendant(R), the first medical alarm device that allows users to speak and listen directly through the pendant.

The 2-minute commercial will air 200 times during the month of November and offers a unique and direct offering to viewers such as 3 months of FREE monitoring and a 45-day money back guarantee. Viewers can call either 800-251-3129 or 800-252-6257 or go to www.medipendant.com to order.

News12 is owned by Cablevision Systems Corporation, a leading telecommunications and media company with a portfolio of operations that includes a full suite of advanced digital television, voice and high-speed Internet services, and valuable local media and programming properties.

The commercial will air specifically on News12 Connecticut and News12 Westchester. News12 Connecticut falls within the targeted demographics for the MediPendant(R) medical alarm device. 50% of the targeted audience has household income of $75,000+ while a further 30.7% has a household income between $35,000 and $74,999. 55.7% of the target audience for News12 Westchester has a household income of $75,000+ while 27.3% has a household income between $35,000 and $74,999.

The elderly population in Connecticut is expected to grow 57% by 2040. Connecticut is aging, and undergoing "a permanent and historic transformation in its demographics," according to Connecticut's Legislative Commission on Aging (CLCA). According to the CLCA's Connecticut for Livable Communities report, the life expectancy for Connecticut residents is 80.8 years of age - the third highest in the nation. The situation is similar for Westchester County, where the percentage of adults 65 and older is 15.4%, higher than New York State's 14.4%, and the nation's 14.1%, according to U.S. Census data.

The demand for elderly care technology will undoubtedly increase with the aging population and therefore presents unprecedented opportunities for Medical Alarm Concepts Holding, Inc. The aging U.S. population continues to drive demand for products like the MediPendant(R). Gartner estimates that by 2050, aging will be a major driver for technology innovation and spending. The research firm predicts that combined disposable income by family and friends of those in need of specialist care will reach more than $8 trillion.

"We are excited at the opportunity presented by this new one-month televised campaign for our flagship product, the MediPendant(R). News12 Connecticut and News12 Westchester combined, give us incredible access to our target demographic. We are confident that many of these viewers may be in need of our patented medical alarm product. The MediPendant(R) medical alarm will enable them to remain in their own homes with peace of mind and the security of knowing that they can get help in the event of an emergency," said company Vice President of Corporate Development, Jennifer Loria.

The launch of this new commercial for MediPendant(R) marks just one of the milestones for Medical Alarm Concepts Holding, Inc. in the last few months. The company recently confirmed via its June 30, 2014 10-K filing with the SEC that it has reached fully reporting status and intends to maintain continued timely outreach to existing shareholders. Plans are also underway for further product innovation and corporate growth.

About Medical Alarm Concepts Holding, Inc.

Medical Alarm Concepts Holdings, Inc., a publicly traded company under the symbol MDHI, is the creator of the MediPendant(R) a patented two-way and three-way voice technology, for the personal medical alarm marketplace. The MediPendant(R) has been featured in nationally renowned retailer Costco Wholesale Corporation since 2011 and has received 28 product reviews on the retailer's website, 21 of which are "5 out of 5 Star" ratings. The average rating is "4.5 Stars" out of 5 Stars.

For more information, please visit our website at www.medipendant.com.

Safe Harbor Statement

Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with Securities and Exchange Commission.

CONTACT:

Medical Alarm Concepts Holding, Inc.
info@medalarmco.com
877-639-2929 Ext 113

Medical Alarm Concepts Holding, Inc.

MDHI getting fully updated

Solid numbers coming out, watching for next filing to see if gross profit margins continue to grow. Nice business model, especially with and increase senior population.

Sibling Group Holdings, Inc

Sibling's Blended Schools Network's content now available seamlessly in LoudCloud Systems LMS

Blended Schools Network's content now available seamlessly in LoudCloud Systems LMS

DALLAS, Oct. 28, 2014 /PRNewswire/ --In a continued effort to increase seamless content integration available to school districts across the country, LoudCloud announced today that content from Blended Schools Network is now available in its LMS. This agreement is aimed at bringing more, online, blended and competency based learning to K-12 students.

By integrating the BSN library into LoudCloud LMS both BSN and LoudCloud customers now can easily create traditional, online, blended or competency courses with an easy authoring interface while accessing quality content through the library. The BSN content library consists of 212 courses features more than 15,000 lessons and 12,000 videos for use by teachers.

"School districts are looking for the best combined solution for their school district. We have worked with LoudCloud so that both of our customers can now access their LMS platform with our content; students will also benefit from this growth," said Jed Friedrichsen, chief academic officer of Sibling Group.

"We are pleased to provide the high quality Blended Schools content inside the LoudCloud LMS, and FasTrak platforms," said Manoj Kutty, CEO of LoudCloud Systems. "Our school district clients often want access to high quality content and this integration provides them with another great content source to enhance their performance now and in the future."

The two groups have already begun reaching out to school districts across the country and are looking at ways to focus on the LoudCloud competency-based learning platform.

About LoudCloud
LoudCloud is a behavioral analytics based teaching and learning platform designed to deliver personalized pathways in education. The core framework, rooted in re-imagined LMS technology, simplifies course and content authoring using proprietary algorithms to inform and guide course progress. With innovations in collaborative, digital readers and task centricity, LoudCloud continues to grow business with prominent customers in both the higher education and K-12 sectors while providing platforms for institutions engaging in competency based learning solutions. For more information about LoudCloud Systems, please visit the company's web site at www.loudcloudsystems.com. LoudCloud customers include, University of Florida-Lastinger Center, Bryan University, Career Education Corp., Grand Canyon University, The American College, Collin College, Laureate Education Inc., Jefferson County School District, Wissahickon School District, and Paraclete School District.

About Sibling Group Holdings, Inc.
Sibling Group Holdings, Inc. (OTCQB: SIBE), through its wholly owned subsidiary Blended Schools Network (BSN), provides benchmark quality online curriculum for the K-12 marketplace, complete hosted course authoring tools, professional development for teachers and a learning management system (LMS) environment. Sibling Group Holdings is focused on pursuing market expansion and new product development to meet the global trend towards leveraging educational technology to improve student performance.

Contact: Greg Harp, (972) 474-7048, greg.harp@loudcloudsystems.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/loudcloud-systems-adds-content-partner-blended-schools-network-to-k-12-offerings-710288908.html

SOURCE LoudCloud Systems

© 2014 Canjex Publishing Ltd. All rights reserved.

Sibling Group Holdings, Inc

Sibling Group to Acquire Urban Planet Mobile™ - Leading Global Innovator of Educational Products

AUSTIN, Texas, October 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.

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.

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 students, which drives value for all stakeholders."

UPM’s product offerings include:
- Urban English®, a daily delivered audio English lesson. This lesson is delivered via sms, email, IVR, WhatsApp, Twitter, and other social messenger services used by hundreds of millions of people around the globe. UPM is currently delivering over 400,000 English lessons daily, globally.

- 333 Words™, a new cross-platform, multi-media learning system initially used to deliver original English language learning on smartphone, tablet and computer. 333 Words utilizes video, audio, social sharing, voice recognition and analysis, and interactivity in all lessons.

- Cristiano Ronaldo Fan Club + English for Champions, a mobile product available worldwide to more than 120 million Cristiano Ronaldo fans. Users receive daily exclusive Cristiano Ronaldo video, wallpaper, CR Fun Fact, and an audio English lesson teaching common football phrases in English.

- Writing Planet, a comprehensive, automated assessment, web-based English writing development program created specifically for non-native English speakers. The underlying technology is calibrated to evaluate writing against the TOEFL, TOEIC, IELTS and SAT levels and rubrics. Writing Planet is currently being used by universities such as Duke University and Michigan State University, international schools, as well as English learning programs in the U.S. and abroad in over a dozen countries.
“We see the global education landscape growing exponentially and quickly shifting toward mobile and digital technologies,” OliverSmith said. “UPM’s global distribution relationships can be a key to growing Sibling Group’s award-winning Blended Learning Schools Network solutions internationally. Quite frankly, combining the Blended Schools Network’s powerful libraries of online education content with UPM, an award winning and widely distributed mobile education platform, has the potential to create tremendous value and synergy for shareholders, stakeholders and students.”

The proposed UPM acquisition is subject to due diligence, customary conditions, including approval of a definitive agreement and the approval of the Company’s board of directors. The consideration to complete the transaction includes the issuance of 12,500,000 restricted common shares of the Company and 500,000 shares of Preferred “A” convertible shares. Each Preferred “A” share is convertible into 20 common shares of the Company no sooner than 24 months from the date of issuance, at a conversion price of $.50 per share, unless, otherwise agreed to in writing by all parties, and approved by the majority of the Board of Directors of the Company. Both companies are working diligently to close the transaction by December 31, 2014.

About Sibling Group Holdings, Inc.:
Sibling Group Holdings, through its wholly owned subsidiary Blended Schools Network (BSN), provides benchmark quality online curriculum for the K-12 marketplace, complete hosted course authoring tools, professional development for teachers and a learning management system (LMS) environment. Sibling Group Holdings is focused on pursuing market expansion and new product development to meet the global trend towards leveraging educational technology to improve student performance.
For more information, visit www.siblinggroup.com

About Urban Planet Mobile:
Urban Planet Mobile is a leading innovator of educational products created for mobile, tablet, and computer. The company is a GSMA Global Mobile Award for Best Mobile Learning Innovation winner, a 2013 CODiE Award Finalist, a Frost & Sullivan Most Innovative App designee, a Gartner Cool Vendor in Education Technology, and the creator of the USAID funded MobiLiteracy™ program in Uganda. Urban Planet Mobile’s products are available worldwide, with business in 40 countries and growing. With its pioneering audio SMS with IVR delivery, the company’s mobile learning products can be accessed on mobile phones around the world. Urban Planet Mobile is also the developer of 333 Words™, the cross-platform comprehensive English language learning system that exploits the power of smartphones, tablets, and computers to lead people from beginner to intermediate at a fast pace. Urban Planet offers Writing Planet™, a comprehensive, web-based English writing program built on automated assessment technology and created specifically for non-native English speakers.
For more information, visit www.urbanplanetmobile.com

Safe Harbor
This press release contains forward-looking statements that involve risks and uncertainties concerning the plans and expectations of Sibling Group Holdings, Inc. and its planned acquisition of Urban Planet. Actual events or results may differ materially from those described in this press release due to a number of risks and uncertainties. The potential risks and uncertainties include, among others, that the anticipated acquisition of Urban Planet may not be completed or the expectations of future growth may not be realized. More information about potential factors that could affect our business and financial results is included under the captions, "Risk Factors" in the company's Annual Report on Form 10-KT for the transition period ended June 30, 2014 which has been filed with the Securities and Exchange Commission ("SEC") and available at the SEC's website at www.sec.gov.

Sibling Group Contact:
Richard Marshall, Chief Development Officer
Email: rmarshall@siblinggroup.com
Phone: (512)-329-1905

Urban Planet Mobile Contact:
Will Gordon, Marketing Manager
Email: will@up-me.com
Phone: (919)-237-2755

Medical Alarm Concepts Holding, Inc.

Form 10-K for MEDICAL ALARM CONCEPTS HOLDINGS INC


ITEM 7.
Management's Discussion and Analysis of Financial Condition and Results of Operations

The following discussion and analysis should be read in conjunction with our consolidated financial statements and the notes thereto in Part II, Item 8 to this Annual Report on Form 10-K. This discussion contains forward-looking statements reflecting our current expectations. Actual results and the timing of events may differ significantly from those projected in forward- looking statements due to a number of factors, including those set forth in Item 1A "Risk Factors" of this Annual Report on Form 10-K.

Given these uncertainties, readers of this filing and investors are cautioned not to place undue reliance on such forward-looking statements.

Overview and Recent Events

Medical Alarm Concepts Holding, Inc. was organized in mid 2008. The operation was financed with a considerable amount of toxic convertible debt. This type of financing, along with several other issues, prevented the Company from realizing a robust growth rate for its first few years of operation. Since that time considerable management time has been spent and investor money utilized to turn the Company's operation around. As of the date of this filing, Medical Alarm Concepts is currently experiencing a robust growth rate, quality relationships with quality customers, a significantly improved balance sheet, and most importantly, the Company has now reached operational positive cash flow status.

The Company's product is called the MediPendant�, which is a personal emergency alarm that is mainly purchased by adults for their aging parents. While it is primarily a device for older people, there is also a market for those who are physically disabled, as well as for persons living alone. The MediPendant� device has significant feature and function advantages over other personal medical alarms in the marketplace today. Approximately 70% of all medical alarms currently being sold in the United States are first-generation technologies that require the user to speak and listen through a central base station unit. If the user of one of these older generation products is not within speaking or listening distance to the base station, the user may not be heard by the operator in the centralized emergency monitoring center.

The MediPendant� enables the wearer to simply speak and listen directly through the pendant in the event of an emergency. The MediPendant� is designed to be worn in the bath or shower and offers a 600-foot range so that the wearer can operate the unit from virtually anywhere within their home or on their property.. The product is extremely durable, very reliable and offers an extremely long battery life

The MediPendant� has strong intellectual property patent protection. The patent protects a unique feature of the product, which is voice prompts that alert the user of the operational status of the device and that help is being summoned upon alarm activation.

During December of 2011, the Company announced the MediPendant� would be distributed by Costco Wholesale Corporation. Costco is one of the largest retailers in not only the United States, but throughout the world with approximately 75,000,000 customers. The Company's relationship with this retailer has been strong, sales are occurring on a daily basis, and customer satisfaction is high. The Company successfully runs sales programs at Costco including email blasts, Costco.com coupons, and assorted other promotions. The MediPendant� product will continue to be included in Costco promotions with more scheduled for later in 2014 and early 2015. The MediPendant� has now received 28 product reviews on the retailer's website, 21 of which are "5 out of 5 Star" ratings. The average rating is "4.5 Stars" out of 5 Stars

The Company has also had successes internationally with new distribution agreements in Denmark and Ireland. Additionally, the Company is currently working on a distribution/joint venture with JTT-EMS, which is a company located just outside of Beijing, China. Medical Alarm Concepts is expecting steady growth from its international markets extending into 2014. The Company also distributes the MediPendant� through Internet marketing and through various outside call centers. Significant investment is planned to expand sales opportunities relative to these areas.

The Company received an investment led by strategic partner, JTT-EMS LTD of Shijiazhuang, China. Under the terms of the investment, JTT-EMS LTD purchased Common Stock in a private placement transaction and has indicated to the Company that it plans to hold these shares as a long-term investment. The financing, including additional investments by current shareholders total up to approximately $330,000. There are no warrants or options associated with this investment. As more fully noted below, funds received will primarily be used to rebuild inventory levels to meet the growing demand and to pay professional fees associated with returning the Company to fully reporting status.

On December 10, 2013, the Company entered into a Global Settlement Agreement (the "Agreement") with the holder of its credit line and major shareholders. Under the terms of the agreement, all of the Company's credit line and accrued interests on credit line were forgiven and all of the convertible debt would be converted to common shares, except for the balance of $25,908.

In exchange for the credit line cancellation and the conversion of convertible debt, both parties agreed on the following terms: 1) the management team agreed to modify its September 19, 2011 agreement with the Company giving up all anti-dilution rights, 2) the Company agreed to take steps to increase the number of authorized shares to accommodate the debt conversions and would complete a reverse split of its shares, 3) The Company would file a registration statement with the SEC, and 4) the Company would continue to file past due periodic reports with the SEC on Forms 10-Q and 10-K in order to return the Company to full reporting status, a process that is complete upon the filing of this 10-K.

We believe upcoming balance sheets, on which we expect to be free of nearly all long-term debt and free of warrants, options and minimal outstanding preferred stock, will more accurately reflect the true value of our growing company.

The Company expects calendar years 2014 and 2015 to show continued growth in both monthly recurring revenues and distribution sales, which will allow the Company to realize sustainable positive operating cash flow. We believe the growth rate and the positive operating cash flow we are currently realizing is sustainable into 2015 and beyond.

Going Concern

These consolidated financial statements are presented on the basis that we will continue as a going concern. The going concern concept contemplates the realization of assets and satisfaction of liabilities in the normal course of business.

As disclosed in note 3 to the accompanying consolidated financial statements, the Company has working capital deficit of $635,937, did not generate cash from its operations, had stockholders' deficit of $2,036,440 and had operating losses for past two years. These circumstances, among others, raise substantial doubt about the Company's ability to continue as a going concern.

While the Company is attempting to generate sufficient revenues, the Company's cash position may not be enough to support the Company's daily operations. Management intends to raise additional funds by way of a public or private offering. Management believes that the actions presently being taken to further implement its business plan and generate sufficient revenues provide the opportunity for the Company to continue as a going concern. While the Company believes in the viability of its strategy to increase revenues and in its ability to raise additional funds, there can be no assurances to that effect. The ability of the Company to continue as a going concern is dependent upon the Company's ability to further implement its business plan and generate sufficient revenues.

The consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

Results of Operations

Net Sales

Net sales generated during the years ended June 30, 2014 and 2013 were $1,153,693 and $572,712, respectively; representing a 101% or $580,981 increase, resulting from a change in strategic business direction toward more widespread product distribution and away from reliance on only a few resellers and distributors. This Company believes this change in business direction will lead to stronger growth and margins and higher overall sales during future periods. During 2014 and 2013, net sales were generated from sales to distributors, resellers and from direct sales to consumers who pay the Company for monthly monitoring services.

Cost of Revenue

Cost of revenue incurred during years ended June 30, 2014 and 2013 were $324,503 and $441,788, respectively, representing a 27% or $117,285 decrease. The decrease of cost of sales was mainly due to the Company changed its strategic business direction and generated more revenue from providing monitoring services to customers. Revenue from monitoring services normally generate higher gross profit.

Gross Profit

Gross profit generated during fiscal 2014 and 2013 was $829,190 and $130,924, representing a 533% or $698,266 increase. The gross profit margin for 2014 and 2013 was 72% and 23%, respectively. The increase in gross profit margin was mainly due to more revenue generated from monitoring services which has higher gross profit margin.

Selling Expenses

Selling expenses incurred during fiscal 2014 and 2013 was $212,133 and $244,162, respectively. The $32,029 was a 13% decrease compared to the previous period. During fiscal 2014, the Company began to shift its sales emphasis more toward consumer marketing, which contributed to the reduction in sales expenses.

General and Administrative

General and administrative expenses for fiscal 2014 and 2013 were $1,695,423 and $628,273, respectively; representing 170% or $1,067,150 increase. During the year ended June 30, 2014, the Company issued 1,493,669 shares of common stocks to management pursuant to Global Settlement Agreement and recorded stock compensation expense of $ 955,948. The Company also issued 50,000 shares of common stocks to a shareholder for consulting services, during the year ended June 30, 2014, which was valued at $38,500. During the year ended June 30, 2013, stock compensation expense was $28,267.

Change in Fair Value of Derivative Instrument

Changes in fair value of derivative instrument generated $1,514,947 and $4,500,057 income during fiscal 2014 and 2013, respectively. This was due to a lower value of the derivative liability and lower amount of convertible notes outstanding at June 30, 2014.

Interest Expense

Interest expense for fiscal 2014 and 2013 were $211,540 and $569,460, respectively. The $357,920 or 62% decrease in interest expense was mainly due to decreased amount of interest expense recorded on the excess of derivative liability over the amount of the convertible debt, which was recorded as interest expense at the inception of the note, amortization of debt discount and interest expense for credit line and convertible notes.

Net Income

Net income generated during 2014 and 2013 was $225,041 and $3,189,086 income respectively for the reasons stated above.

Liquidity and Capital Resources

As of June 30, 2014 and 2013, we had $7,673 and $5,857 in cash, respectively.

During fiscal 2014 and 2013, operating activities used net cash of $25,684 and $497,120, respectively. Main reasons for the $471,436 or 95% decrease in net cash used in operating activities were outlined below:

1. Net income generated during 2014 and 2013 was $225,041 and $3,189,086, respectively;
2. Stock issued for services was $994,448 and $28,267 in 2014 and 2013, respectively;
3. Changes in fair value of derivative instrument during 2014 and 2013 generated non-cash income of $1,514,947 and $4,500,057, respectively;
4. Non-cash interest expense during 2014 and 2013 was $28,991 and $337,857, respectively;
5. During fiscal 2014 and 2013, the increased of accounts receivable generated net cash inflow of $33,249 and $10,792, respectively.
6. The increase of accrued expenses and other current liabilities resulted net cash inflow of $20,524 and $191,389, respectively.
7. During fiscal 2014 and 2013, the increase of deferred revenue generated net cash inflow of $105,206 and $207,044, respectively.

During fiscal 2014and 2013, financing activities generated net cash inflow of $27,500 and $482,400, respectively. The decrease of $454,900 or 94% was mainly due the following reasons.

1. Cash received from loan receivable during 2013 was $60,000, in contrast, during 2014, there was no transaction in the same nature;
2. Proceeds from convertible notes were $58,000 during 2013, in contrast, there is no transaction in similar nature during 2014;
3. During 2014 and 2013, repayment of credit line incurred net cash outflow of $nil and $10,750, respectively;
4. Proceeds from issuance of common stock generated net cash inflow of $22,500 and $346,150 for the year ended June 30,2014 and 2013, respectively;
5. During 2013, proceeds from related party loan generated net cash inflow of $29,000; there was no transaction in similar nature during 2014
6. During 2014, proceeds from note payable, net of repayment were $5,000. However, there was no transaction in similar nature during fiscal 2013.

We believe we can satisfy our cash requirements for the next twelve months with our current cash flow from business operations, although there can be no assurance to that effect. If we are unable to satisfy our cash requirements, we may be unable to proceed with our plan of operation. We do not anticipate the purchase or sale of any significant equipment. We also do not expect any significant additions to the number of employees. The foregoing represents our best estimate of our cash needs based on current planning and business conditions. In the event we are not successful in reaching our initial revenue targets, additional funds may be required, and we may not be able to proceed with our business plan for the development and marketing of our core services. Should this occur, we may be forced to suspend or cease operations.

We anticipate incurring operating losses in the foreseeable future. Therefore, our auditors have raised substantial doubt about our ability to continue as a going concern.

Off-Balance Sheet Arrangements

At June 30, 2014, we did not have any relationships with unconsolidated entities or financial partnerships, such as entities often referred to as structured finance or special purpose entities, established for the purpose of facilitating off-balance sheet arrangements or other contractually narrow or limited purposes. As such, we are not exposed to any financing, liquidity, market or credit risk that could arise had we engaged in such relationships.

Recent Accounting Pronouncements

See Note 2 to the Consolidated Financial Statements under Item 8, Part II.





http://biz.yahoo.com/e/141103/mdhi10-k.html

Medical Alarm Concepts Holding, Inc.

Medical Alarm Concepts Holding, Inc. Announces Latest 10-K Filing, Marking A 533% Increase in Gross Profit YOY

KING OF PRUSSIA, PA / ACCESSWIRE / November 4, 2014 / Medical Alarm Concepts Holding, Inc. (OTC Pink: MDHI) (MDHI) (MDHI) (the "Company"), creator of the patented MediPendant(R) personal medical alarm device that provides users with a reliable and innovative way to communicate with emergency personnel and loved ones whenever medical assistance is needed, today announced the release of its June 30, 2014 10-K filing with the SEC. This filing establishes the company as both fully compliant with the SEC, and as fully reporting, and also marks the continued and significant turnaround of the company.

Net sales generated during the year ended June 30, 2014 and 2013 were $1,153,693 and $572,712, respectively; representing a 101% or $580,981 increase. The sales were generated through distributors, resellers, and direct sales to consumers. The company changed its strategic business direction toward a more widespread product distribution, resulting in the dramatic increase in net sales for the year ended June 30, 2014.

Gross profit generated during fiscal 2014 was $829,190. This represents a 533% or $698,266 increase from the year prior. The gross profit margin for 2014 and 2013 was 72% and 23%, respectively. The increase in gross profit margin was due to a substantial increase in recurring revenue generated from monthly monitoring services.

"A little over two years ago we made a commitment to our investors that we would provide them with financial transparency. We have completed financial audits for the years ending June 30, 2012, 2013, and 2014. I am proud to say that we are now both a fully compliant and a fully reporting company," said Ronnie Adams, CEO of Medical Alarm Concepts.

In an effort to strengthen the balance sheet, the company is now virtually debt-free except for trade payables and a patent payment. The improvement in the company’s financial health through the substantial reduction of the majority of outstanding debts, and the inevitability of achieving fully reporting status, has created greater opportunity to grow the company and focus on exploring strategic initiatives, such as acquisitions and an expansion of the existing product line.

"Our short and long-term goal is to maintain fully reporting status. The strong performance in fiscal year 2014 is a major stepping stone for the company. We are working to expand upon this success in an effort to provide our shareholders with significant growth opportunity," added company CEO, Ronnie Adams.

About Medical Alarm Concepts Holding, Inc.

Medical Alarm Concepts Holdings, Inc., a publicly traded company under the symbol MDHI, is the creator of the MediPendant(R), a patented two-way and three-way voice technology, for the personal medical alarm marketplace. The MediPendant(R) has been featured in nationally renowned retailer Costco Wholesale Corporation since 2011 and has received 28 product reviews on the retailer's website, 21 of which are "5 out of 5 Star" ratings. The average rating is "4.5 Stars" out of 5 Stars.

For more information, please visit our website at www.medipendant.com.

Safe Harbor Statement

Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with Securities and Exchange Commission.

CONTACT:

Medical Alarm Concepts Holding, Inc.

info@medalarmco.com

877-639-2929 Ext 113

SOURCE: Medical Alarm Concepts Holding, Inc.




http://finance.yahoo.com/news/medical-alarm-concepts-holding-inc-133000857.html

Sibling Group Holdings, Inc

SIBLING GROUP’S BLENDED SCHOOLS NETWORK PARTNERS WITH BLOOMBOARD INC FOR TEACHER PROFESSIONAL DEVELOPMENT

AUSTIN, Texas, November 5, 2014 – Sibling Group Holdings, Inc. (OTCQB: SIBE) (www.siblinggroup.com) (the “Company”), an educational technology holding company, announced today that its Blended Schools Network (“BSN”) division has signed an agreement with BloomBoard, Inc., to become a provider in BloomBoard’s online professional development resource library.

“BloomBoard has developed a platform that empowers teachers and administrators to plan and personalize their professional development,” stated Jason Lange, BloomBoard’s Chief Executive Officer and Co-Founder. Teachers use BloomBoard to set their learning goals, from which BloomBoard recommends (based on the teachers’ unique profiles) the best resources from third-party providers. BloomBoard also offers a platform to conduct observations, which can be connected to the resource library as a means to create personalized PD recommendations.

In a recent article in EdSurge*, BloomBoard forecast that by the start of the 2014-2015 school year, their product will be used by over 250,000 teachers in 18 states. BloomBoard reported they have state-level contracts with Arkansas, Colorado, Connecticut, Delaware and North Carolina.

The Blended Schools Network’s professional development suite was created to assist K-12 teachers and administrators in achieving their goals by completing training at a pace that meets their needs. With over 500 hours of content that can be completed in 20-40 minute segments, BSN’s professional development content has already provided a convenient option for the 30,000 teachers within its BSN network. Each of the BSN professional development courses are aligned to iNACOL’s pathway to ensure educator expertise in areas such as Building Online Programs, Building Online Courses, Blended Teaching, Online Teaching and Technology Training.

“Prior to this relationship, the company has not pursued additional markets for our professional development tools outside of the existing Blended Schools Network of school districts. We expect the partnership with BloomBoard will allow us to build new infrastructure and subsequent revenue streams,” said Jed Friedrichsen, Chief Academic Officer of Sibling Group Holdings and CEO of Blended Schools Network. “Our product line and this partnership should enable more teachers to successfully implement online learning in their classrooms.”

*EdSurge, April 21, 2014 article on BloomBoard

About Sibling Group Holdings, Inc.:
Sibling Group Holdings, through its wholly owned subsidiary Blended Schools Network (BSN), provides benchmark quality online curriculum for the K-12 marketplace, complete hosted course authoring tools, professional development for teachers and a learning management system (LMS) environment. Sibling Group Holdings is focused on pursuing market expansion and new product development to meet the global trend towards leveraging educational technology to improve student performance.
For more information, visit www.siblinggroup.com

Safe Harbor
This press release contains forward-looking statements that involve risks and uncertainties concerning the plans and expectations of Sibling Group Holdings, Inc. and its success partnering with BloomBoard. Actual events or results may differ materially from those described in this press release due to a number of risks and uncertainties. The potential risks and uncertainties include, among others, that the anticipated benefits of the BloomBoard Agreement may not be realized. More information about potential factors that could affect our business and financial results is included under the captions, "Risk Factors" in the company's Annual Report on Form 10-KT for the transition period ended June 30, 2014 which has been filed with the Securities and Exchange Commission ("SEC") and available at the SEC's website at www.sec.gov.

Post New Comment