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NEWS and PRESS RELEASES

Global Entertainment Holdings in Collaboration to Develop Film School in Los Angeles

Los Angeles, CA – March 11, 2013 – Global Entertainment Holdings (OTC: GBHL) and the Lifton Institute of Media Arts and Sciences (LIMS) announce a collaborative effort in the creation and funding of a new film trade school to be opened in the Los Angeles area in the Fall of 2013. James Lifton, founder of LIMS, had success in opening a similar venture situated in the Detroit, Michigan area, where hundreds of unemployed autoworkers and others were able to receive the training necessary to reformat their skills “from the factory line to the silver screen”.

The Global Universal/LIMS venture will initially involve Global Universal seeking investment capital to develop the LIMS school in the Los Angeles area, for which it will receive a finders fee. Subsequently, the venture will endeavor to co-produce films that will afford LIMS students the opportunity to gain valuable experience working on actual Hollywood films as part of their student curriculum. Global Universal will work hand-in-hand with LIMS to find various positions for LIMS students on a variety of productions, including feature pictures, series, and “new media” productions shooting in the Southern California area, acting much like a “placement office”. Global Universal is expected to benefit with lower labor costs on its productions for film production tasks that are handled by LIMS students and supervised by experienced crew members.

This effort means that LIMS students not only get “hands-on” experience while at LIMS, but will have a leg up in securing paying jobs upon graduation, making the experience at LIMS much sought after. In announcing the affiliation, Lifton has declared that, “This is a “win-win” situation for not only LIMS and Global Universal, but most importantly for LIMS students who, once they have attained the necessary skills, will have an actual opportunity to obtain a real paying job in the film industry.”

Daniel Sherkow, Chief Operating Officer of Global Universal Entertainment stated, “Our affiliation with LIMS is a great fit for us as it helps our bottom line with lower production costs and raises our profile in not only Hollywood, but also within the political community of Los Angeles, as part of a job creation endeavor.”

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

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