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NEWS and PRESS RELEASES

AMERICAN SUNSET WORLD PREMIERE THRILLS AUDIENCE

Los Angeles, CA – (WORLD STOCK WIRE) – November 10, 2009 — Global Entertainment Holdings, Inc. (OTC: GBHL), and its Canadian affiliate Global Universal Pictures, are pleased to report that AMERICAN SUNSET starring COREY HAIM and FRANK MOLINA, premiered last night during the American Film Market to a large crowd at the Monica Laemmle Theater in Santa Monica, California.

AMERICAN SUNSET, a thriller with twists and turns at every corner, grabbed the audience from the opening scene and kept them on the edge of their seats until the very end. The film marks the return of teen superstar Corey Haim, and was met with enthusiastic applause and a standing ovation.

“We always knew this film would play well to audiences on the big screen and last night confirmed our beliefs. I am thrilled with the audience’s response”, commented Jackie Giroux, the film’s Writer/Producer.

Along with Haim and Molina, the red carpet event was attended by AMERICAN SUNSET co-stars Angela Cullins and Eric A. Leffler, as well as Writer/Producer Jackie Giroux, Executive Producers Gary Rasmussen & Eric A. Leffler and Director Michael Masucci.

American Sunset is slated for release late 2009, for more information visit: www.americansunsetthemovie.com

Global Entertainment Holdings, Inc. (OTC: GBHL) is a publicly-held, entertainment company. The Company’s goal is to build a worldwide entertainment organization with a multitude of domestic and foreign production affiliates. GBHL, operating through its wholly owned subsidiaries, Global Universal Film Group, Inc., Global Universal Entertainment, Inc., and its partially-owned Canadian subsidiary Global Universal Pictures, is in the process of developing and producing a slate motion pictures in Canada and the U.S., employing recognizable-named talent, for worldwide release. GBHL is focused on the financing and marketing of these feature-length films. GBHL, through another wholly owned subsidiary, You’ve Got The Part, Inc. (www.youvegotthepart.com), will attempt to capitalize on the current popularity of Hollywood and reality based programming by casting small roles online that anyone with a digital camera can apply for.

Further information on the Company and/or its publicly traded stock can be obtained by contacting the company at: contact@globaluniversal.com; facsimile: (818) 827-0090;

URL: WWW.GLOBALUNIVERSAL.COM.

Safe Harbor: Pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, and within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Exchange Act of 1934, any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals and assumptions of future events or performance are not statements of historical fact and may be “forward-looking statements.” Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this release may be identified through the use of words such as “expects,” “will,” “anticipates,” “estimates,” “believes,” or statements indicating certain actions such as “may,” “could,” or “might” occur. Such statements reflect the current views of GBHL and its affiliated companies with respect to future events and are subject to certain assumptions, including those described in this release. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance and commercial appeal of its feature-length films, its film production services, competitive market conditions in the motion picture industry (both in the US and foreign markets), successful sale of the rights to film content produced, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. Neither Global Entertainment Holdings, nor its affiliated or subsidiary entities undertakes any responsibility to update the “forward-looking” statements contained in this news release.

Gary Rasmussen, CEO
Global Entertainment Holdings
650 N. Bronson
Los Angeles, CA 90004
USA

Phone: 877-807-8880

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