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NEWS and PRESS RELEASES

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

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.

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