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NEWS and PRESS RELEASES

Global Universal’s 4th Major Motion Picture in 16 Months

Los Angeles, CA – (WORLD STOCK WIRE) – April 12, 2010 — Global Entertainment Holdings, Inc., a publicly traded entertainment Company (OTCBB: GBHL), and Global Universal Pictures (Global Pictures), GBHL’s Canadian production affiliate, are pleased to announce completion of The Night, their fourth feature-length film produced in roughly sixteen months.

“Wow! Was it ever cold!” Stated Jackie Giroux, President of Global Universal, as well as the writer and producer of The Night. “And, this being a ghost story, our cast took advantage of those cold, dark and dreary 3 AM screen calls to play their roles with such realism that they’re well worth the ticket price.”

The Night, filmed entirely on location in Grand Falls, Canada (in the province of New Brunswick), continued the blueprint of success that has become a bankable trademark of GBHL and the Global Universal family of companies. “We have successfully employed our financial strategy to complete 4 films in just under a year and a half, while most other independent film companies have struggled for years to produce just one film”, stated Eric A. Leffler, Business Development Officer of Global Universal Film Group, Inc., a wholly-owned subsidiary and the sales & marketing arm of GBHL. “Our financial strategy mitigates our investors’ risk while providing a lucrative potential upside and is, evidently, very attractive. This holds true for our film productions in Canada as well as in the U.S.”

Ms. Giroux stated that, “SCI-FI television star Lex Goderoff, co-starring with Lalesha Railsback, Jimmy McKinley, Angele Bourgeous and Ian Hamrick as the ghost “Rodney”, combined to make an intense, first-class thriller.” Shari Hamrick directed, with Trevor Richardson and Gary Rasmussen, GBHL CEO, as Executive Producers. “Not only will the audience appreciate the production value of The Night, but they will believe in and sympathize with the characters. Hopefully, it will scare the pants off ‘em.”

Gary Rasmussen commented, “Four feature-length films in sixteen months, shows that our financing model, designed to mitigate risk for the investor, while producing quality motion pictures, is certainly working and is attracting the interest of global distribution partners.”

Mr. Rasmussen further stated, “It is well worth a quick review of the success of these four film ventures. Blue Seduction, starring Billy Zane and Estella Warren and distributed by Anchor Bay Entertainment and global entertainment leader Starz Media. American Sunset, starring the late Corey Haim, will premiere this May at the prestigious Cannes Film Festival. Plaster Rock, which is already receiving commercial interest and has a limited theatrical release in Canada scheduled for early May, and now, The Night.”

An example of the interest that such success has attracted, is the partnership entered into by President and CEO of Global Renaissance Entertainment Group, Inc. (GREG), Arthur Wylie, a highly successful business investor in film, real estate, and financial service companies.

GBHL, Mr. Wylie and Omar Tyree, the New York Times bestselling author, whose works have been read by millions, structured an exclusive deal to adapt his popular novels into film. Leslie, a supernatural thriller set in New Orleans, is the first of Tyree’s novels being adapted to film by the GBHL/ GREG joint venture and is in development for the last quarter of 2010.

Mr. Rasmussen stated, “The confidence shown by successful business professionals, global film distributors and well known actors and directors is not only gratifying for all the efforts made to produce such quality films, but is extremely satisfying in proving the soundness of our financing and production strategies.”

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 previously 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 various film roles online. Anyone with access to a digital camera or cell phone will soon be able to submit their audition for a role in an upcoming film.

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.

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


URL:
WWW.GLOBALUNIVERSAL.COM

Gary Rasmussen, CEO

Global Entertainment Holdings, Inc.

On the Raleigh Studios Lot
650 N. Bronson Avenue, Suite B-116
Los Angeles, CA 90004 USA
Phone: +1 /877/ 807-8880

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