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NEWS and PRESS RELEASES

Award Winning Producer, Jeffrey Bowler, Joins Global Entertainment Holdings

Award Winning Producer, Jeffrey Bowler, Joins Global Entertainment Holdings, as Chief Consultant for U.S. Production Subsidiary

Los Angeles, CA – (World Stock Wire) – August 30, 2010, Global Entertainment Holdings, Inc. (OTCQB: GBHL), is pleased to announce that Jeffrey Bowler, an award winning producer/executive, has joined the Global Universal management team.  Mr. Bowler will serve as consultant to the Company in charge of building our U.S. production company, Global Universal Entertainment.

GBHL’s CEO, Gary Rasmussen, stated that “Jeff Bowler will drive the day-to-day business of Global Universal Entertainment and expand upon our already successful film business by developing film and television opportunities, as well as building an ‘in-house’ sales team.”

Mr. Bowler was the co-founder of the highly successful film and TV production company Insomnia Media Group, which had a housekeeping deal at MTV and Paramount, as well as a first look deal at Fox TV Studios.  Mr. Bowler recently produced the thriller “Across The Hall”, starring the late Brittany Murphy and “The Grand”, featuring Woody Harreslon and Ray Romano.

Prior to his tenure at Insomnia, Mr. Bowler was a top executive at World Wrestling Entertainment, Inc. (NYSE: WWE), an integrated media organization and recognized leader in global entertainment. Prior to WWE, he served as an executive with Bandai Entertainment (The Power Rangers), a subsidiary of Namco Bandai Holdings (USA) Inc., the premier distributor of Japanese animation on DVD and programming for television broadcast in North America.

“The immediate goal is to establish a footprint in the television world for Global Universal and in concert expand the feature film business in the United States with a focus on films in the $5 Million to $15 Million range, starring ‘A-List’ actors.  The next phase of building our U.S. operations will be starting or acquiring a foreign sales division that will aggressively pre-sell, market and sell the films produced ‘in-house’ to help reduce our capital exposure in producing the films”, commented Jeffrey Bowler.

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.  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.

Information on the Company and/or its publicly traded stock can be obtained from Worldwide Financial Solutions at: wfsolutions@gmail.com; or, directly from the Company at: contact@globaluniversal.com.


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

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.

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