~ Home

~ About Us

Global Entertainment
US Productions


Global Entertainment
Canadian Productions


Global Universal Film
Group Sales and Distribution


Global Universal Film Funds


~ Management

~ Press Releases

~ Investor Relations

~ Latest News

~ Contact
NEWS and PRESS RELEASES

Archive for February, 2013

Global Entertainment Holdings Releases Book & DVD Collectible on Serial Killer, Aileen Wuornos

Wednesday, February 27th, 2013

Los Angeles, CA – February 27, 2013. Global Entertainment Holdings (OTC: GBHL) announced today that Global Universal Film Group, a wholly-owned subsidiary, has commenced sales of its true crime film on DVD, Damsel of Death, to be coupled with the book, Lethal Intent by Sue Russell. Also, included, on the back page of the book with the DVD, is an authentic copy of the original deal memo signed by serial killer, Aileen Wuornos and her attorney, authorizing Jackelyn Giroux to write Ms. Wuornos’ true story. In 1991, Giroux devoted nine months interviewing Wuornos and others, which inspired her film with stunning events that have never been revealed.

This limited edition collectible released today by GBHL contains the book, the DVD and a true copy of the original deal memo, signed by Aileen Wuornos, and believed to be the only signed contract of its kind. GBHL selected Sugar Rose Enterprises of Melbourne, FL to distribute this first run, limited edition of Lethal Intent and the DVD film, Damsel of Death; true crime memorabilia released today for sale on eBay and Amazon.

Jackelyn Giroux commented, “This is not just based upon a true story; this IS the true story. Aileen Wuornos approved every page of the screenplay for the DVD film. True crime enthusiasts should enjoy reading the book, viewing the DVD, and knowing that it’s all true, as the attached deal memo evidences. Although the DVD was made on a ‘shoe string’ budget, I am happy it is finally available to the public because it is a story that needs to be told (a quote at the beginning of the film by Geraldo Rivera). A decade after her death, I thank Global for having the insight to release this collector’s book, DVD and signed deal memo for true crime enthusiasts to cherish and understand what Wuornos’ life was really like.”

Aileen Carol Wuornos (February 29, 1956 – October 9, 2002) was proclaimed America’s female serial killer because she killed seven men in Florida in 1989 and 1990. Wuornos claimed the murders were in self defense. Wuornos was convicted and sentenced to death for six of the murders and was executed by the State of Florida by lethal injection on October 9, 2002. She spoke to Jackelyn Giroux the day she was arrested, and gave her rights to Ms. Giroux before she was arraigned. Her story is haunting because she was on the streets at the age of 13 years old, prostituting and living in abandoned vehicles. Psychiatrists could never agree if Wuornos was insane or if she murdered for recognition and fame.

To purchase the Book & DVD Collectible Set, visit:
http://www.ebay.com/itm/Ultimate-True-Crime-Collectible-Lethal-Intent-Book-plus-DVD-Deal-
Memo-/221194558431?pt=Antiquarian_Collectible&hash=item3380391bdf
,

or

http://www.amazon.com/gp/aag/main/ref=olp_merch_name_2?ie=UTF8&asin=0739441957&isAmazonFulfilled=0&seller=A1IG915DSIE7YT

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., and Global Universal Entertainment, Inc. (www.GlobalUniversal.com), is in the process of developing and producing a slate of motion pictures, 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.

For more information on GBHL, please visit us at: WWW.GLOBAL-GBHL.COM, or contact the Company by email at: contact@globaluniversal.com.

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.

Global Entertainment Holdings CEO Gary Rasmussen Featured in “Opportunist Magazine”

Thursday, February 21st, 2013

Los Angeles, CA – February 21, 2013 – Gary Rasmussen, Chief Executive Officer of Global Entertainment Holdings (OTC: GBHL) was featured in the recent issue of the highly regarded, online magazine “Opportunist”, the “voice for the penny stock, small cap, and micro stock investor.”

In the article, Rasmussen discussed Global Entertainment Holding’s achievements to date, specifically citing GBHL’s successful track record of mitigating film production risk to equity investors through the use of various techniques including taking advantage of tax incentive programs, distribution participation, deferrals, and certain IRS tax incentive programs for film investment, such as Section 181.

The article highlights the extensive contacts and experience of GBHL’s management team with track records at major studios and distributors, as well as in the realm of independent film production. Recently, GBHL hired a new Chief Financial Officer, Alan Bailey, formally Senior Vice President and Treasurer of Paramount Pictures for 35 years! Rasmussen recalls Bernard Baruch’s well known expression, “Bet on the jockey, not the horse.”

Additionally, Rasmussen discusses GBHL’s recent developments, including a 4th Quarter profit, and reveals GBHL’s recent diversification endeavors with the launch of an innovative new social networking web portal, “You’ve Got the Part” that will afford any individual an opportunity to be cast in a real Hollywood movie, and GBHL’s recent alliance with the Lifton School of Media Arts and Sciences, a new “hands-on” film trade school opening in Los Angeles.

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., and Global Universal Entertainment, Inc. (www.GlobalUniversal.com), is in the process of developing and producing a slate of motion pictures, 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.

For more information, please visit us at: WWW.GLOBAL-GBHL.COM, or contact the Company by email at: contact@globaluniversal.com.

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.

Global Entertainment Holdings Promotes Daniel Sherkow to Chief Operating Officer

Wednesday, February 20th, 2013

Los Angeles, CA – February 20, 2013 – Global Entertainment Holdings (OTC: GBHL) is pleased to announce the promotion of Daniel A. Sherkow to the position of Chief Operating Officer of GBHL, the parent company. Previously, Mr. Sherkow held the position of COO of Global Universal Entertainment, a subsidiary of GBHL.

In making the announcement of Sherkow’s promotion, Gary Rasmussen, Global Entertainment Holdings CEO, cited Sherkow’s dedication and innovative ideas in the company’s continued expansion. Rasmussen stated, “We greatly value Dan’s creative approaches to our expansion plans at GBHL and look forward to his involvement in all aspects of the management and growth of the company where he will have a larger role.”

Sherkow stated, “Global Entertainment Holdings is poised for future growth with some extraordinary productions and programs such as our affiliation with the Lifton Institute of Media Arts and Sciences (LIMS) and the relaunch of the social networking website and mobile app, ‘You’ve Got the Part.com’. I couldn’t be more pleased than to be working with Gary, Jackie (Giroux), and Alan (Bailey) on these exciting opportunities at Global Entertainment.”

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., and Global Universal Entertainment, Inc., is in the process of developing and producing a slate of motion pictures, 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.

For more information, please visit us at: WWW.GLOBAL-GBHL.COM, or contact the Company by email at: contact@globaluniversal.com.

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.

Opportunist Magazine Interview with GARY RASMUSSEN, CEO OF GLOBAL ENTERTAINMENT HOLDINGS

Friday, February 15th, 2013

Posted By Donna On 13 Feb 2013 . Under Featured Story Tags: American Idol, avatar, Columbia and Paramount Pictures, Global Entertainment Holdings, Global Universal Entertainment, HBO, Hollywood Entertainment, James Caan, Merrill Lynch, Ridley Scott, You’ve Got The Part!

opportunistGary Rasmussen, CEO of Global Entertainment Holdings (OTC: GBHL), talks with the Opportunist’s Managing Editor Leslie Stone about how technology is changing the movie industry, his favorite film projects and what’s in store for the company in 2013.

Global Entertainment Holdings is a publicly-held entertainment company that, through its wholly owned subsidiaries, Global Universal Film Group, Inc., and Global Universal Entertainment, Inc., is in the process of developing, financing, producing and marketing motion pictures for worldwide release. The high quality films feature recognizable name talent and yet are produced at a fraction of the cost of big-budget studio films, says Gary Rasmussen. “Technology has reduced the barrier of entry into film-making. Movies are being made today for as low as $10,000. Take ‘Paranormal Activity’ for example. It cost $35,000 to make and made $100 million in the box office.”

According to Rasmussen, Global Entertainment’s financing strategy is designed to significantly mitigate investment risk utilizing tax incentives, distribution advances and/or pre-sales, gap financing, economies of scale inherent in back-to-back film production and deferment of the company’s production fees. “We are very lean. We don’t have a huge studio or huge budgets. This
makes us competitive in this new environment. In 2012 we streamlined our company and got our overhead down. We are now showing a profit.”

Opportunist: How would you describe yourself, Gary?

Rasmussen: I am what I’d call a serial entrepreneur because I have been involved in many businesses—mostly public companies—from brokerages and mortgage investments to cable TV and a nutraceutical company.

Opportunist: What is your background?

Rasmussen: I grew up in Grosse Pointe Park, Mich., near Lake St. Clair and Windmill Point, which is about six miles from downtown Detroit. As a teenager, I played with a rock band in Detroit and we opened for performers such as Jimi Hendrix, Janis Joplin, Steve Winwood and Procol Harum.

In college, I obtained my Commercial pilot’s license with Instrument and multi-engine ratings. I was also a Certified Flight Instructor for about 12 years. While attending Western Michigan University, I was the Dean’s personal pilot, which entitled me to a 75% discount on my tuition. I also got paid $1.60 an hour, for a minimum of eight hours, to fly the dean around. I was a great gig! [Laughs]

Right out of college I took a job with Merrill Lynch in New York. They said I was the youngest broker they had ever hired at the time. They were reluctant to hire me at first because I was only 21 (their minimum hiring age was 25 at that time), single and already a commercial pilot. The psychological battery they gave me revealed I was a little bit too aggressive and adventurous and might not stay long with the company. They were right. The next year I used my training to open my own broker-dealer and eventually we expanded to four offices and about 100 brokers. Besides many individuals, some of our larger clients included the Michigan public school employees’ retirement plan, a union pension plan, a Southeastern Michigan Indian tribe, many auto dealers and we even did the original offering for John DeLorean after he left General Motors.

Opportunist: You have certainly had an interesting life. So how did you get into the entertainment industry?

Rasmussen: It’s related to my work in cable TV. I bought out a small cable system owned by actor James Caan and some point in time, the mid-nineties I believe, we sold out to Times Mirror when they merged with Warner. I was looking for something to do—I had already financed a couple of films that turned out to be a pretty good investment and I realized that independent films could be made relatively inexpensively and had the potential to make huge returns.

Opportunist: Where do you make your films?

Rasmussen: Where we know we can get a tax credit. We shoot for at least 30% tax credit. And, if we get investors in on it we can take advantage of Section 181 [of the U.S. Tax Code], which gives us a 100% write-off and saves our investors usually about 35 cents on the dollar. If we know we can get any kind of sales from distribution or minimum guarantees, then maybe we can get another 15% to 20% that way. Basically that’s what we can do to mitigate risks. Let’s say we make a film for $5 million, we can usually get up to $4 million covered with deferments or tax credits or presales or distributor’s incentives. That leaves us with $1 million to raise—if we cannot do that then something is wrong—and that means practically no risk for the cost of the film. Even if a film never does anything at least we are not out anything. I believe ‘all boats rise with the tide,’ so to speak. If one film is a hit and the others aren’t that one blockbuster will give us a boost. My business partner, Jackie Giroux, has a lot of experience in guerilla filmmaking. Jackie is one of the few producers that can honestly say they have produced all their films on time and on budget. She is also a writer and has directed several films. Jackie has produced about 17 independent productions both here in the states and in Canada.

Opportunist: What obstacles, if any, has Global Entertainment had to overcome?

Rasmussen: A major recession, for one. And the government changing and pulling up tax credits. We were producing several films in New Brunswick, Canada, when they pulled the plug on their tax credit program in 2011. Iowa and Michigan did that as well. But we have overcome it, partly because our overhead is really lean and we have a lot of smart people on the team. Each of our executives has 30 years of experience in our various fields, which means we all have a little bit of gray hair. [Laughs]

Opportunist: How do you choose film projects to become involved with?

Rasmussen: We have a committee that reviews films and determines if we can pick up distribution on it and can get the rights to talents to go into it. Our chief operating officer, Dan Sherkow, started off with Times Mirror, which became HBO, and also worked for Columbia/TriStar and Paramount Pictures and has several major films under his belt. Alan Bailey, our chief financial officer, served for 35 years as senior financial executive and treasurer of Paramount.

Additionally, Jackie Giroux has tremendous ‘hands-on’ experience in budgeting, casting and independent production and has written over 60 screenplays. In fact, she wrote most of the films in our library, including the four films produced in Canada. Together, I believe this team has the experience and track record to guide our company in determining which films to produce, where to produce them, what cast to hire and what the budget and other financial considerations will be.

Opportunist: What changes have you observed in the movie industry?

Rasmussen: We are moving into the information age where everything is digital. You can download a major release onto your computer or your handheld device or to your TV. Everybody thought pay-per-view would be huge but today with Netflix and Hulu and the Internet in general you can make more profits on a film much quicker. If a motion picture does have a theatrical release I believe it will be there for a few weeks. People want things quicker and faster. Many years ago, the industry was dominated by the big studios that used to make 100 or 200 films a year. Nowadays, over 10,000 films are made per year, mostly by independent film producers. There has to be a quicker cycling of films from production to the audience. That’s why funding is quicker and with faster distribution to public outlets such as the Internet. The industry, and especially distribution, is becoming more fractionalized. No longer is it just theaters and TV and DVDs. Now you’re seeing a plethora of new markets. Some films are meant for the Internet. Other films are electronic downloads via Netflix. And we have those big Red Box(es) on the corner where we can rent movies for a dollar.

Opportunist: We understand you recently entered a joint venture with a Chinese owned entertainment company.

Rasmussen: Yes, Hollywood Entertainment EDU Holding, Inc. Through their affiliated office in Beijing, EEDU offers training programs for Chinese students who wish to study the advanced methods of film and video production in the United States. Our partnership will allow us to engage in the co-production of live action feature motion pictures, as well as 3D animation and video game creation. We are also working with Jimmy Lifton to start a film school in Los Angeles. Lifton operated a successful film school in Michigan, retraining laid-off auto workers for the film industry, before the current governor pulled the tax credits and the film industry there dried up.

Opportunist: Are there any other recent developments?

Rasmussen: In an attempt to capitalize on the reality-based programming trend and the popularity of Hollywood, we have formed a wholly owned subsidiary called You’ve Got The Part, Inc.

Opportunist: Please tell us more.

Rasmussen: You’ve Got The Part will be casting small roles for a real Hollywood film that anyone with a digital camera or cell phone can audition for online. Let’s say you want to be in a film with Matthew McConaughey. You can download our app on your cell phone and read your lines and then upload the video onto our website (www.youvegotthepart.com) and people will vote for you.

There is a small upload fee of 99 cents. We will fly whoever gets the most votes out to Hollywood to be in the film.

opportunist2Opportunist: That sounds like the film industry’s version of ‘American Idol.’

Rasmussen: It is very hard to start getting credits with no experience. Everybody looks you up on IMDB.com and if they see you there they know if you’re really in the business or not. You’ve Got the Part gives anybody with access to a cell phone camera the opportunity to be in a real Hollywood movie.

Opportunist: What is your favorite genre of film?

Rasmussen: The sci-fi genre. I would like to explore the origins of where we really came from. Did you see the Ridley Scott film ‘Prometheus?’

Opportunist: No, I haven’t.

Rasmussen: It’s about the crew of the spaceship Prometheus who follows a map showing a star system that was found among ancient artifacts on Earth. I am fascinated by the Sumerian Tablets that were discovered back in the fifties. They had to be interpreted by super computers as their language was very difficult and contained about 400 characters (like letters) with no vowels. They wrote about how Earth was basically occupied by an alien race thousands of years ago. These tablets are online and you can see the tablets themselves, and their respective translations, at Oxford University and one of the universities in Chicago as well. I find it a fascinating study just reading what these people experienced thousands of years ago. It is so laborious to write on clay tablets in cuneiform and I believe they were recording history as they saw it—not a fictional story. What is really amazing is how closely this ancient history parallels the Old Testament of the Bible, which came thousands of years later.

Opportunist: Would you consider making a movie about it?

Rasmussen: It would be a major undertaking like an ‘Avatar.’ That is a little out of our reach at this juncture [Laughs] but, you never know, given a couple of good years it might be one of our greatest film projects.

Opportunist: Which of your projects were the most rewarding?

opportunist3Rasmussen: They are all pretty rewarding. One that was fascinating was ‘Hostage Game,’ formerly known as ‘American Sunset’ (http://www.americansunsetthemovie.com) with Corey Haim. Our team and his mother and friends actually became pretty close.

Opportunist: What was he like to work with?

Rasmussen: I really liked Corey; he had gone through a bad phase in his life, like so many child actors. But now, he was a better person for it and was on his way to making a great comeback. He had traveled full circle. We shot four films in Canada from 2009 through 2011. One of those films, ‘American Sunset,’ starred Corey Haim. It was his last released film and, in his own words, ‘…one of my best performances! I want everyone to see this film.’ On the set of ‘American Sunset,’ we called him the ‘Comeback Kid.’ However, God must have had other plans for him, as he died suddenly in March of 2010.

Just two weeks before he died, I was at a barbecue at his house. The press immediately assumed he died of a drug overdose, but he had completely cleaned himself up and was making a new start in films. The official autopsy report stated that his lungs filled with water from pneumonia. That was quite a shame. He was fascinating to work with. He was always joking with everybody and did not need time to prepare to get into character. He could instantly transform into the role and become a whole different personality instantly. Many actors take a lot of time to concentrate and prepare for their role. Corey was the only one I knew —maybe because he was a child actor—who, at the snap of a finger, became a totally different personality and owned his role in a very believable fashion.

Opportunist: What is the most satisfying aspect of your work?

Rasmussen: There is no blueprint. We are covering new territory every day. We might be dealing with the Chinese or Wall Street one day and then undertaking a new movie project the next—and then there is the film school, which is quite diverse. My children are grown and I do not have to worry about time limitations or family activities. I can pretty much work 24/7 right on through the weekends.

Opportunist: Who inspired you to get where you are today?

Rasmussen: My mother. She was not only an entrepreneur in various businesses as I was growing up but also a pilot of both fixed-wing aircraft and helicopters. She was the 188th woman to receive her helicopter rating and the 13th woman in history to become a commercial helicopter pilot. She is 79 now and lives in Florida. I would say that, definitely, she was a major inspiration in my life to get into business.

Opportunist: Can you tell us about any upcoming film projects?

Rasmussen: We would like to finance a new film project by David Zucker, a long-term friend of Dan Sherkow (our chief operating officer). They were friends in high school together in Milwaukee. Zucker was on the Paramount Studios lot when he did ‘Airplane,’ the ‘The Naked Gun’ movies and some of the ‘Scary Movie’ series. He is one of the most successful directors in Hollywood and he wrote a screenplay for a movie called ‘The Secret Secret Service.’ Along the lines of ‘Airplane,’ it’s about some goofballs that guard the president. That’s one of a potential slate of films we would like finance and help produce.

Opportunist: That sounds hilarious.

Rasmussen: It is hilarious. I saw of clip of what the movie is intended to be. Filmmakers today are able to test the public’s appeal by producing a short mockup on a computer or even a few scenes with a digital camera and actors, before spending millions of dollars to actually shoot the film. David Zucker told me he’d rather produce his new film as an independent production, than go with a studio where the budget would be much larger and he would have less control. A small firm, like ours, can operate more efficiently and have access to the same crews and stages as a studio, without the enormous overhead of a movie studio. In fact, our offices are on the lot at Raleigh Studios, with full access to crews, stages, etc.

Opportunist: Is there anything you would like to tell potential investors?

Rasmussen: I think people should start taking a look at Global Entertainment Holdings (OTC: GBHL). We are very lean, efficient and our overhead is practically nothing. We are showing a small profit for the quarter ended December 2012. There are roughly 30 million shares outstanding, which is a relatively low capitalization, and there are only about four million shares in the float. Everybody wants to buy a stock when it is down in the pennies. If they didn’t and then it does make a rise, they wish they had bought it when it was down low.

Opportunist: What’s in store for Global Entertainment in 2013?

Rasmussen: We know the economy is turning around. We have a successful track record and we are drawing the attention of the right partners, diversifying an entertainment conglomerate and 2013 is going to be the start of something great for us. We might want to do more than movies someday. We have started to diversify. The American financier Bernard Baruch, who advised some of our U.S. Presidents on economic issues, once said it’s wise to ‘bet on the jockey and not the horse.’ That’s one of my favorite sayings because I think we have a tremendous jockey team riding this horse.

opportunist4Leslie Stone is an award-winning writer/editor with more than two decades of experience covering business, finance and lifestyle issues for newspapers, magazines and online publications. Originally from Virginia, she currently resides in the Orlando area.

www.global-gbhl.com

www.globaluniversal.com

You’ve Got The Part!, Inc. – www.youvegotthepart.com

Global Entertainment Holdings Signs Collaboration Agreement with Hollywood Entertainment EDU Holding

Sunday, February 10th, 2013

Los Angeles, CA – February 5, 2013 – Global Entertainment Holdings (OTC: GBHL) and Hollywood Entertainment EDU Holding, Inc. (“EEDU”) are pleased to announce the signing of an exclusive Collaboration Agreement setting the stage for joint venture projects to be undertaken in both the U.S. and China.

Through its affiliated office in Beijing, EEDU is primarily in the business of designing, facilitating, promoting, managing, and operating educational and training programs for Chinese students and management personnel in the entertainment industry and who wish to undertake such training in the United States. The partnership with Global Entertainment will enlarge and develop the business of EEDU to place students in such programs and will also allow Global Entertainment and EEDU to jointly engage in the co-production of live action feature motion pictures, as well as 3D animation and video game creation.

In announcing the signing of the Agreement, Gary Rasmussen, Global Entertainment Holdings CEO, stated, “The collaboration with Hollywood Entertainment EDU Holding gives Global Entertainment a tremendous advantage in the realm of co-production/co-financing while fulfilling a mission to train and educate Chinese students in the advanced methods of film and video production.”

The executive management of EEDU added, “We are thrilled to find such an accomplished and reliable partner in Global Entertainment and we look forward to jointly engaging in several exciting projects both in China and here in the U.S.”

Daniel Sherkow, Chief Operating Officer of Global Entertainment Holdings stated, “Our initial meetings with the senior executives of EEDU have already spawned initial concepts for not only student training, but also for co-production/co-financing opportunities of feature motion pictures. This is a tremendously exciting collaboration with EEDU, a significant partner doing business on both the US and China.”

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., and Global Universal Entertainment, Inc., is in the process of developing and producing a slate of motion pictures, 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.

For more information, please visit us at:
WWW.GLOBAL-GBHL.COM
, or contact the
Company by email at:
contact@globaluniversal.com
.
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.