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NEWS and PRESS RELEASES

Director Michael Masucci Recognized By Global Entertainment Holdings For His Outstanding Work On American Sunset

GBHL announced today that the Company is recognizing Film Director, Michael Masucci, for his outstanding job performance as Director of “American Sunset”, an exhilarating film starring the late Corey Haim and Frank Molina.

(I-Newswire) Los Angles, CA, November 17, 2010 – Global Entertainment Holdings (OTCBB: GBHL) announced today that the Company is recognizing Film Director, Michael Masucci, for his outstanding job performance as Director of “American Sunset”, an exhilarating film starring the late Corey Haim and Frank Molina.

“I am very happy about how the film is being received;” stated Michael Masucci, Director. He continued; “from fantastic responses at the film festivals at: AFM (American Film Market), Silver Wave Film Festival, and Cannes International Film Festival to the exit reviews at the film’s limited theatrical release in Canada and the USA, I am elated.” And now it is available to the public on DVD and Blu-ray. Since Corey passed away there has been an outcry from his fans inquiring how they can obtain the movie; “it’s fulfilling to see that they are at last getting their chance.”

“We see it as ‘small town boy does well’ kind of story” stated Global Universal’s Jackie Giroux; speaking of Masucci. We are very proud of his work and wanted to give him the public recognition he deserves.
For Masucci the road to the director’s chair began shortly after earning his BA from The University of Scranton, in Scranton Pennsylvania. He enrolled into the Lee Strasberg Theater Institute. He would appear as an actor in a series of commercials, Off Broadway plays, and low budget feature films where he began working behind the camera as well. “I learned about the art of filmmaking by working and watching other filmmakers while on the set, it was a tremendous learning curve. I got to the point where I had worked in every facet of the filmmaking process both in front and behind the camera and the next natural step for me, was to direct.”

American Sunset is a thriller about a husband who awakens to find his wife missing followed by a call from an elusive character with a mysterious voice asking, “Wanna play a game?” The game is simple: a clue, a riddle, and a life hanging in the balance. The film unravels a mysterious conspiracy with numerous spellbinding maneuvers revolving around a kidnapping ploy to rob a devoted husband of his true love, while playing a game that prolongs her safety by correctly responding to riddles, which if to replied incorrectly, will surely result in fatal consequences.

The Movie, American Sunset, produced by Global Universal Pictures, in cooperation with Global Entertainment Holdings, is NOW AVAILABLE in DVD and Blu-Ray formats on the film’s Official website:
www.AmericanSunsetTheMovie.com, as well as the Company’s Tribure to Corey Haim website: www.CoreyHaimRemembered.com.

Global Entertainment Holdings recently announced that it has retained Level 4 Stonehenge Development Partners to implement its new technology, an advanced streaming technology for video distribution, called AppFlik™, that will offer American Sunset for download on Apple’s (NASDAQ: AAPL) iTunes App Store. The Company expects that American Sunset will be one of the first of many films that it will bring to the world using this state-of-the-art technology.

“I’m truly grateful to all the executives over at Global Universal and I just hope that American Sunset continues to be successful and people buy the DVD, and support the movie. We had a crew of roughly 60 people on American Sunset, and the film is a testament to the talent and hard work of the crew, which are all deserving of paramount recognition. I anticipate that the film will continue to do very well for us all.” Stated Masucci.
Michael Masucci has several Film and TV projects in development, slated for 2011.

American Sunset DVD also includes in the Bonus features, – The Behind the scenes making of American Sunset, the theatrical trailer, and a musical tribute to the cast and crew. You can find it at www.globaluniversal.com.
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 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 its affiliated or subsidiary entities 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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