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NEWS and PRESS RELEASES

Global Universal’s “Plaster Rock” Officially Selected To Feature At The Silver Wave Film Festival

October 28, 2010 Los Angeles, CA – (WORLD STOCK WIRE) – Global Entertainment Holdings, Inc. a publicly traded entertainment Company (OTCBB: GBHL), and its affiliate, Global Universal Pictures (“Global Pictures”), was honored at a New Brunswick, Canada, entertainment luncheon, where it was announced that Plaster Rock — Terror on the Tobique, had been officially selected, from among numerous quality films, as a feature presentation film at this year’s Annual Silver Wave Film Festival. More information on the film, and the Plaster Rock trailer can be viewed at: www.plasterrockmovie.com.

This will be the Silver Wave ’s 10th Annual Film Festival, which selects feature films, documentaries and short films produced around the World, but highlights film makers in the New Brunswick area. CBC television is one of the sponsors of the film festival, and offers a lucrative distribution deal to selected winners.

The Fredericton News Channel in New Brunswick, Canada, covered the exclusive luncheon, which named its official selections from among more than 80 films in competition at this year’s event, to be held November 4th in Fredericton.  Global Universal Picture’s film Director, Jackie Giroux, was featured in the Fredericton News Channel’s coverage of the luncheon event (http://frederictonnewschannel.com/).

Plaster Rock was named an official selection based on its favorable reviews and the success of its limited theatrical release at The Grand Cinema Three in Grand Falls, New Brunswick, before it went to the prestigious Cannes International Film Festival in May, 2010.

Jackie Giroux, the film’s director, stated, “Last year we were honored to have our film, American Sunset, selected to officially open the Silver Wave Film Festival, and this year we thrilled with being honored once again having Plaster Rock featured as an official selection. This validates the quality of feature films that the Global Universal team can produce. Plaster Rock is our third feature film produced in less than two years, with our fourth film, “The Night”, currently in post-production, and already developing a following stemming from the film’s cast, including a Hollywood newcomer and child star, Ian Hamrick, as well as Lalesha Railsback, daughter of well known actor Steve Railsback.”

Global Universal is pleased to play such a distinguished role in the Silver Wave Film Festival, and looks forward to continue its production of quality feature films for the world to enjoy.  Last year’s opening film, American Sunset, starring the late Corey Haim, is now available on DVD only at www.AmericanSunsetTheMovie.com

Plaster Rock is an action packed thriller-horror film with humorous and egotistical characters. The story depicts eight young men and women, celebrities in their own mind, who are paid to compete in a cross-country skiing contest in the wilderness of northern New Brunswick, Canada. However, once left in the wilderness, they soon discover there is a hidden agenda behind this strange, but profitable  outing. Each participant is led to believe they must be the superior, lone survivor in order to collect the lavish cash reward. The plot takes a spell binding twist when the participants begin to realize that they must collaborate together in order outsmart their mysterious host.

About Silver Wave Film Festival: The Silver Wave Film Festival is jam packed with exciting film events and video programming with diversity and depth. The Festival is the brainchild of the board and staff at the New Brunswick Filmmakers’ Co-operative.

About Global Entertainment Holdings, Inc. (OTC: GBHL) is a publicly-held, entertainment company. The Company’s goal is to build a worldwide entertainment organization with a multitude of domestic and foreign production affiliates.  GBHL, operating through its wholly owned subsidiaries, Global Universal Film Group, Inc., Global Universal Entertainment, Inc., and its partially-owned Canadian subsidiary Global Universal Pictures, is in the process of developing and producing a slate of motion pictures in Canada and the U.S., employing recognizable-named talent, for worldwide release.  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.

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

For More Information Visit us at WWW.GLOBALUNIVERSAL.COM or contact the Company by email at: contact@globaluniversal.com; or by fax at (818) 827-0090.

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