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NEWS and PRESS RELEASES

Global Entertainment Holdings Commences Trading on the Bulletin Board

Los Angeles, CA – (WORLD STOCK WIRE) – December 7, 2009 — Global Entertainment Holdings, Inc. (“Global”), a publicly traded entertainment Company (OTCBB: GBHL), announced today that its common stock is now trading on the OTC Bulletin Board. The Company’s trading symbol has not been changed.

Global’s CEO, Gary Rasmussen, stated “The timing of our Bulletin Board status could not have been better for our Company. These past months have seen our business model move forward, dramatically, with the recent premiere of our second feature length film, American Sunset, starring Corey Haim and Frank Molina, at the American Film Market (AFM) in Los Angeles, CA, plus the highly anticipated release of our first feature length film, Blue Seduction, starring Billy Zane and Estella Warren just this past November. And, most exciting of all, GBHL entered into joint venture partnership with Arthur Wylie’s Global Renaissance Entertainment Group, which has exclusive film rights for the novels of acclaimed best-selling author, Omar Tyree.”

Jackie Giroux, President of Global Universal Pictures, remarked, “A Bulletin Board listing opens up additional market opportunities for Global that will allow a larger number of investors to review the soundness of our film financing methods, which significantly lower investment risk while maintaining a lucrative upside potential inherent in the film business. I urge everyone to visit our websites, www.Global-GBHL.com and www.GlobalUniversal.com and www.AmericanSunsetTheMovie.com, where you will find additional information about our current events, as well as “movie trailers” for our latest films that will provide a glimpse of the quality of the films we can produce at a highly efficient cost.”

The OTCBB is a regulated quotation service that offers real-time quotes, last sales prices and volume information in over-the-counter equity securities. More information about the OTCBB and a quotation for AIDP is available on the Internet at www.otcbb.com.

Global Entertainment Holdings, Inc. is a publicly-held, entertainment company. The Company’s goal is building a worldwide entertainment organization with a multitude of domestic and foreign production affiliates. GBHL, through its wholly owned subsidiary, Global Universal Film Group, Inc. (www.GlobalUniversal.com), and its affiliated Canadian subsidiary, Global Universal Pictures, is in the process of developing and producing a slate motion pictures that will be produced in the U.S. and in Canada with recognizable star names, 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 Worldwide Financial Solutions at wfsolutions@gmail.com; (765) 780-0915; or, contact the company directly at: contact@globaluniversal.com; facsimile: (818) 827-0090;

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 affiliate or subsidiary companies 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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