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NEWS and PRESS RELEASES

Global Universal’s “AMERICAN SUNSET” To Present at Louisville International Film Festival in October

LOS ANGELES, Aug. 22, 2011 /PRNewswire/ — Global Entertainment Holdings (OTCBB: GBHL) announced today that Global Universal Film Group’s presentation of “AMERICAN SUNSET”, starring Corey Haim and Frank Molina, will be playing at The Louisville International Film Festival from October 6th through October 9th, 2011.

“We are so proud of the late Corey Haim’s performance in this thriller,” stated Jackie Giroux, the writer and one of the producers of the film. “In the Behind the Scenes for AMERICAN SUNSET, Corey stated that he hoped he would be recognized by his peers for his performance in AMERICAN SUNSET, so we wish to thank the entire committee, including Conrad Bachmann and Brett Bachmann, for playing this film at The Louisville International Film Festival this year.”

“Veteran Actress and Entertainer Lily Tomlin will be placed in the ‘Walk of Fame’ at the Galt House on October 6th to open the Film Festival, so we feel honored to be a part of this prestigious film festival,” commented Gary Rasmussen, CEO of Global Entertainment Holdings. “We look forward to meeting Kentucky film makers at the Louisville Film Festival, as co-star Frank Molina and Director Michael Masucci will be in attendance to answer any questions about AMERICAN SUNSET or Corey Haim.” Gary Rasmussen and Eric Leffler are the Executive Producers of the Corey Haim film AMERICAN SUNSET.

Dan Sherkow, COO of Global Universal Entertainment continued: “Members of our production team, plus Corey Haim’s co-star, Frank Molina, will be in attendance at The Louisville International Film Festival, which provides grants to help fund educational efforts focused on training film makers of tomorrow in Metro Louisville and the commonwealth of Kentucky.”

AMERICAN SUNSET was directed by Michael Masucci in New Brunswick, Canada, and also co-stars Bernie Robichaud of TRAILER PARK BOYS fame. Corey Haim and Frank Molina play two unlikely characters who would have never met except through the unfortunate kidnapping of Haim’s wife, played by Angela Cullins. Haim has 24 hours to find his wife, with the assistance of Molina’s character. Corey Haim was just beginning to promote the film, when he contracted pneumonia and suddenly died. Global Universal had so many fans begging to see the film that it decided to offer a DVD of the film directly to Haim’s fans through a special Global website, as no distribution plans have yet been made out of respect for Haim’s untimely death.

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 U.S. 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, or contact the Company by email at: contact@globaluniversal.com.

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