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NEWS and PRESS RELEASES

Archive for March, 2010

Corey Haim’s Final Film, American Sunset Will Showcase at the Cannes Film Festival

Sunday, March 28th, 2010

Los Angeles, CA – (WORLD STOCK WIRE) – March 25, 2010 — Global Entertainment Holdings, Inc. a publicly traded entertainment Company (OTCBB: GBHL), and Global Universal Film Group, a wholly-owned subsidiary of GBHL, announced today that American Sunset, starring the late Corey Haim, along with Frank Molina, was directed by Michael Masucci and written and produced by Jackie Giroux, will be featured at the Canadian Pavilion during the upcoming Cannes Film Festival.

American Sunset will be represented at the Cannes Film festival through a sales representation agreement recently signed between Global Universal Film Group and ID Communications, Inc., based in Montreal, Canada.

ID Communications is a global marketing and distribution company for international film, television, DVD and web-based media. ID Communications presents selected feature films at the world’s leading motion picture venues such as, the European Film Market in Berlin, MIPCOM in Cannes, Realscreen in Washington, D.C. and the American Film Market in Los Angeles.

American Sunset, produced in Canada by Global Universal Pictures, and represented by Global Universal Film Group for domestic and international sales, made its industry premiere at the American Film Market in Los Angeles last Fall. The film

GBHL President and CEO, Gary Rasmussen said, “history has certainly shown us that the transition from successful child star to a well deserved reputation as a serious adult actor is extremely difficult at best. I believe Corey achieved that transition with his stellar performance in American Sunset. We truly hope that our showcasing of his last work at the prestigious Cannes Film Festival will solidify Corey’s well deserved place in film history.”

Jackie Giroux, President of Global Universal Pictures, and the writer and producer of American Sunset stated, “Corey was simply a delight to work with on American Sunset. Myself and our entire cast and crew were deeply saddened by his untimely passing. I am confident that his abilities will be recognized at the Cannes Film Festival, as this will give a worldwide audience the opportunity to enjoy his final work and appreciate his special talent.”

About GBHL & Global Universal

Global Entertainment Holdings, Inc. is a publicly-held, entertainment company traded on the OTC Bulletin Board under the symbol: GBHL; website: www.Global-GBHL.com. 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. Information on its recently completed film can be found at: www.AmericanSunsetTheMovie.com.

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 the company directly at: contact@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 affiliate or subsidiary companies undertakes any responsibility to update the “forward-looking” statements contained in this news release.

URL: WWW.GLOBALUNIVERSAL.COM.
Global Entertainment Holdings, Inc.
Global Universal Film Group, Inc.
On the Raleigh Studios Lot
650 N. Bronson Avenue, Suite B-116
Los Angeles, CA 90004 USA
Phone: +1 /877/ 807-8880