Siboney Corporation

Press Release

December 20, 2002

William D. Edwards, Jr. Appointed to Siboney Corporation Board of Directors

St. Louis, MO–December 20, 2002–Siboney Corporation (OTC BB: SBON) announced today the appointment of William D. Edwards, Jr. to its Board of Directors.

Mr. Edwards is currently Chief Operating Officer of G.A. Sullivan Company, a privately held information technology consulting and software development company based in St. Louis. In his position, Mr. Edwards oversees the day-to-day operations of G.A. Sullivan’s six locations, responsible for sales, marketing, recruiting, information systems and accounting. Prior to joining G.A. Sullivan, Mr. Edwards was a partner with Grant, Thornton and Company, an international accounting and management consultant firm.

Tim Tegeler, Board Chairman of Siboney, commented: “ We are very pleased that Bill Edwards has joined Siboney as a member of the Board. His broad business experience, coupled with his familiarity with computer and software related programs, brings a valuable addition to our Board.”

Siboney Corporation, through its wholly owned subsidiary Siboney Learning Group, is a publisher and distributor of educational software primarily for schools, grades Kindergarten through 12.

Contact:
Siboney Corporation, St. Louis
Bodie Marx, 314/909-1670 x110

Any forward-looking statement is necessarily subject to significant uncertainties and risks. The words “believes”, “anticipates”, “intends”, “expects” and similar expressions are intended to identify forward-looking statements. Actual results could be materially different due to various factors, including the level of education funding provided by federal and state governments, regulatory developments, product development and pricing strategies undertaken by our competitors and our ability to attract and retain key personnel. The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.