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NEWS and PRESS RELEASES

GLOBAL ENTERTAINMENT HOLDINGS ACQUIRES RIGHTS TO SUPERNATURAL THRILLER “SEEING THINGS”

Los Angeles, CA – (WORLD STOCK WIRE) – June 14, 2010 — Global Entertainment Holdings, Inc. a publicly traded entertainment Company (OTC: GBHL), and Global Universal Entertainment, a wholly-owned subsidiary of GBHL, announced today that it has purchased the film production, distribution, merchandising and licensing rights for “Seeing Things”, a supernatural thriller based on actual events, written by John Huckert and John Matkowsky.

Huckert is set to Direct the supernatural thriller with Matkowsky as his Director of Photographer. Eric A. Leffler, Director of Business Development for Global Universal Film Group, and Gary Rasmussen, CEO GBHL, are the Executive Producers.

GBHL CEO and Executive Producer, Gary Rasmussen said “We are very excited about acquiring Seeing Things for our next feature film production and plans are under way to begin production this Fall in Michigan. Given the worldwide mass appeal of films in this genre, like Paranormal Activity and Blair Witch (with estimated budgets under $100,000 and gross revenues of well beyond $100 Million), I believe Seeing Things will have an excellent chance of success at the box office.”
“Seeing Things is a Ghost story that is based on actually events that are truly amazing and well documented by the Fox TV reality show SIGHTINGS, renowned spiritualist and psychic Peter James, as well as by the many photographs taken by Huckert and Matkowsky. If you had any doubts about the afterlife, then you need to see this story”, says Executive Producer Eric A. Leffler, Director of Business Development for Global Universal Film Group.

In late 1992, two residents living in an old house in the Hills of Los Angeles begin receiving ghostly messages in Polaroid photographs. The pair took many photos inside the house in the hopes of obtaining a picture of the entity they believed haunted the house. Eventually, ghostly images appeared and the men soon discovered that if they asked questions about the entity and why it inhabited their house, words and messages appeared on the photos in response. Since the first messages appeared, many thousands of photos have captured the spirit’s messages on a variety of subjects of interest to mankind. Additional information on Seeing Things can be found at: http://www.drkrm.com/ghost2.html

Daniel Sherkow, COO of Global Universal Entertainment, further commented “Our financing methods, which significantly mitigate investment risk, have certainly been proven sound. Four major motion pictures financed and completed in just eighteen months in this uncertain economy speaks volumes as to our development strategy. The strong interest in our Murder/Horror thriller Plaster Rock, has shown us that this genre is desired by a large segment of the movie-going population. I won’t give away too much of the movie but Seeing Things is based on actual happenings over the past 18 years.”

The state of Michigan has made available tax credits which will underwrite a significant portion of the cost of the production of Seeing Things. GBHL’s first four motion pictures were produced in Canada using the same tax credit, leveraged financing strategy.

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 to build a worldwide entertainment organization with a multitude of domestic and foreign production affiliates. GBHL, through its wholly owned subsidiary, Global Universal Entertainment (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 both the U.S. and in Canada with recognizable star names, for worldwide release by Global Universal Film Group, a wholly-owned subsidiary responsible for selling the films. Global Universal Pictures is a Canadian film production company with offices in Fredericton, New Brunswick, Canada, and on the Raleigh Studios Lot in Hollywood, California USA. Information on previously completed films can be found on the Company’s website, or on the Internet at: www.AmericanSunsetTheMovie.com

, and www.PlasterRockMovie.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.

Coverage of GBHL’s common stock has been initiated by “The Wall Street Corner” (www.wallstreetcorner.com/daily.html). Further information on the Company and/or its publicly traded stock can be obtained from Worldwide Financial Solutions at: wfsolutions@gmail.com, (765) 780-0915; or, directly from the Company at: contact@globaluniversal.com.

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 affiliate or subsidiary companies undertakes any responsibility to update the “forward-looking” statements contained in this news release.

Global Entertainment Holdings
650 N. Bronson Suite B-116
On the Raleigh Studios Lot
Los Angeles, CA 90004
USA

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