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Global Entertainment Holdings Announces Joint Venture With “Pillbillie”

Los Angeles, CA – May 21, 2013 –  Global Entertainment Holdings, Inc. (OTC: GBHL) announces it has established Pillbillie-Global, LLC, as a 51% owned joint venture with “PillBillie“, to promote PillBillie’s exciting new brand of urban apparel, including high end T-Shirts, hoodies, caps, shoes, and other branded merchandise.

PillBillie is a positively influenced brand. The simple, yet unique and animated logo, plus positive verbiage has enticed all ages. PillBillie’s mass appeal is due to its playful expressions paired with unique color combinations. PillBillie is the cure! (View the PillBillie brand at:  http://pillbillie.com/) PillBillie-Global will make use of Global Entertainment’s promotional expertise to create mass appeal and sales for the PillBillie brand using commercials and Internet-based crowd promotional campaigns, including online contests that will seek to identify spokespersons across the country for the  PillBillie Gary Rasmussen, CEO of GBHL, commented, “PillBillie is a dynamic new brand featuring a remarkable character that appeals to audiences of all ages.”

GBHL’s Jackie Giroux added, “PillBillie is poised to be the next ‘Hello Kitty’™. We’re delighted to come together with such a creative team, and plan to generate mass consumer awareness for this “hip” new fashion brand utilizing our proprietary website: http://www.YouveGotThePart.com. Jonathon Scruggs, the creative force behind the PillBillie brand stated, “John (Carter), Jeremy (Dixon), and I are delighted to be working with the impressive team at Global Entertainment.  We’re confident they will add substantial value to our joint venture via awareness and increased sales for PillBillie.”

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.

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