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NEWS and PRESS RELEASES

Global Entertainment Holdings, Inc. Presents a Recap of Its 2010 News

LOS ANGELES, CA, Feb 02 (MARKET WIRE) —
Global Entertainment Holdings, Inc. (OTCBB: GBHL) presents a recap of its
top news stories for the year 2010. Due to the news outlets which the
company used during the past year, many of the news articles which
management wanted a broad release didn’t get seen by many investors.
Management has been posting all of its press and news releases on its
corporate website.

http://www.global-gbhl.com/news/category/latest-news/

Please see the complete news stories on our website. The headlines for 22
articles are listed here below:

December 22nd, 2010
Global Entertainment Holdings Announces “Plaster
Rock” Now Available On DVD

November 17th, 2010
Director Michael Masucci Recognized By Global
Entertainment Holdings For His Outstanding Work On “American Sunset”

November 10th, 2010
Global Entertainment Holdings Implements New
Embedded Application Technology For Movie Distribution

November 5th, 2010
Global Entertainment Enters Into Strategic
Partnership With Innergate Entertainment

November 2nd, 2010
Global Universal’s Film “Plaster Rock” Part of Silver
Wave Film Festival

October 30th, 2010
Global Universal’s “Plaster Rock” Officially Selected
to Feature At The Silver Wave Film Festival

October 13th, 2010
Global Universal Successfully Enters Online DVD Sales
With Popular Demand for “American Sunset”

August 30th, 2010
Award Winning Producer, Jeffery Bowler, Joins Global
Entertainment Holdings

July 23rd, 2010
Global Universal Announces Sequel to “Plaster Rock”

July 7th, 2010
Global Entertainment Holdings Finalizes Joint Venture
With Arthur Wylie’s Global Renaissance Entertainment Group

July 6th, 2010
Global Universal Announces Canadian Broadcast Deal for
“American Sunset”

June 17th, 2010
Global Entertainment Holdings Acquires Rights to
Supernatural Thriller “Seeing Things”

June 16th, 2010
Action on the Set: Allen Park’s Fight for Studio Brings
Rewards

June 11th, 2010
Global Renaissance May Make Films in Allen Park

May 27th, 2010
Global Entertainment Holdings Post Profitable First
Quarter 2010 Results

May 26th, 2010
Wylie Studios Commits to Detroit Area

May 16th, 2010
Cannes Market

April 26th, 2010
Global Universal to Hold “Red Carpet Event” for
Screening of “Plaster Rock!”

April 12th, 2010
Global Universal’s 4th Major Motion Picture in 16 Months

March 28th, 2010
Corey Haim’s Final Film, American Sunset Will Showcase
at the Cannes Film Festival

February 26th, 2010
Acclaimed Producer and Financier Daniel Sherkow
Joins Global Entertainment Holdings as Officer of US Productions
Subsidiary

January 20th, 2010
American Sunset Star Studded Red Carpet Screening In
Las Vegas

“We made great strides in 2010 and have already paved the way for 2011,”
stated GBHL CEO Gary Rasmussen. He continued, “We will continue to post
all of our press releases on our corporate website. We hope that
investors will bookmark the news page and check back often.”

About Global Entertainment Holdings, Inc. (OTCBB: GBHL) is a
publicly-held, entertainment company (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, operating through
its wholly owned subsidiaries, Global Universal Film Group, Inc., Global
Universal Entertainment, Inc., and its partially-owned Canadian
subsidiary Global Universal Pictures (www.GlobalUniversal.com), 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 its affiliated or subsidiary entities
undertakes any responsibility to update the “forward-looking” statements
contained in this news release.

For more information, please visit us at: www.Global-GBHL.com

Contact
Global Entertainment Holdings, Inc.
contact@globaluniversal.com

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