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Global Universal Announces Sequel to “Plaster Rock”

Los Angeles, CA – (WORLD STOCK WIRE) – July 22, 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 that they have started pre-production on the sequel to Plaster Rock – Terror on the Tobique, which was released in May, 2010.

“We have arranged our production financing for Plaster Rock II, the sequel to Plaster Rock, and plan to start principal photography as early as this September”, according to Benoit Martin, who is writing the script for Global Universal.

Plaster Rock II will be filmed entirely on location in New Brunswick, Canada. The Plaster Rock theme is a fast-paced thriller-horror film which takes place in remote wilderness where you need more than luck to survive!

“Our financial strategy of mitigating investment risk while maintaining a lucrative upside potential is, evidently, successful and holds true for our film productions in Canada as well as in the U.S.  This will be our 5th film production in just under 2 years”, commented Gary Rasmussen, CEO of Global Entertainment Holdings.

“This blueprint for success has become a bankable trademark for Global Universal, as we have successfully financed and completed all of our films ‘on time and on budget’, while putting out a product that has now warranted a sequel”, stated the film’s producer and former director of Plaster Rock, Jackie Giroux.

About GBHL & Global Universal

Global Entertainment Holdings, Inc. (www.Global-GBHL.com) is a publicly-held, entertainment company traded on the OTC Bulletin Board under the symbol: GBHL.  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 subsidiaries, Global Universal Entertainment, Global Universal Film Group and its affiliated Canadian company, Global Universal Pictures (www.GlobalUniversal.com), 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, financed with distribution and tax incentives, with worldwide sales handled through Global Universal Film Group.  GBHL and its U.S. subsidiaries are located on the Raleigh Studios Lot in Hollywood, California USA, and Global Universal Pictures, a partially-owned, Canadian affiliate, is located in Fredericton, New Brunswick, Canada.  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.

Global Renaissance Funding (GRF) is a Joint Venture entity formed by GBHL and Global Renaissance Entertainment Group (www.theGlobalRenaissance.com), helmed by Co-CEO Arthur Wylie.  GRF intends to finance a slate of films, including films based on several best-selling books written by novelist Omar Tyree.  GBHL, through another wholly owned entity, You’ve Got The Part (http://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.

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,” “Hopefully” 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 undertake any responsibility to update the “forward-looking” statements contained in this news release.

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

Phone:   877-807-8880

Fax:      818-827-0090

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