“We have arranged our production financing for Plaster Rock II, the sequel to Plaster Rock, and plan to start principal photography as early as this September”, according to Benoit Martin, who is writing the script for Global Universal.

Plaster Rock II will be filmed entirely on location in New Brunswick, Canada. The Plaster Rock theme is a fast-paced thriller-horror film which takes place in remote wilderness where you need more than luck to survive!

“Our financial strategy of mitigating investment risk while maintaining a lucrative upside potential is, evidently, successful and holds true for our film productions in Canada as well as in the U.S.  This will be our 5^th film production in just under 2 years”, commented Gary Rasmussen, CEO of Global Entertainment Holdings.

“This blueprint for success has become a bankable trademark for Global Universal, as we have successfully financed and completed all of our films ‘on time and on budget’, while putting out a product that has now warranted a sequel”, stated the film’s producer and former director of Plaster Rock, Jackie Giroux.

About GBHL & Global Universal

Global Entertainment Holdings, Inc. (www.Global-GBHL.com) is a publicly-held, entertainment company traded on the OTC Bulletin Board under the symbol: GBHL.  The Company’s goal is to build a worldwide entertainment organization with a multitude of domestic and foreign production affiliates.  GBHL, through its wholly-owned subsidiaries, Global Universal Entertainment, Global Universal Film Group and its affiliated Canadian company, Global Universal Pictures (www.GlobalUniversal.com), is in the process of developing and producing a slate motion pictures that will be produced in both the U.S. and in Canada with recognizable star names, financed with distribution and tax incentives, with worldwide sales handled through Global Universal Film Group.  GBHL and its U.S. subsidiaries are located on the Raleigh Studios Lot in Hollywood, California USA, and Global Universal Pictures, a partially-owned, Canadian affiliate, is located in Fredericton, New Brunswick, Canada.  Information on previously completed films can be found on the Company’s website, or on the Internet at: www.AmericanSunsetTheMovie.com, and www.PlasterRockMovie.com.

Global Renaissance Funding (GRF) is a Joint Venture entity formed by GBHL and Global Renaissance Entertainment Group (www.theGlobalRenaissance.com), helmed by Co-CEO Arthur Wylie.  GRF intends to finance a slate of films, including films based on several best-selling books written by novelist Omar Tyree.  GBHL, through another wholly owned entity, You’ve Got The Part (http://www.youvegotthepart.com), will attempt to capitalize on the current popularity of Hollywood and reality based programming by casting various film roles online.  Anyone with access to a digital camera or cell phone will soon be able to submit their audition for a role in an upcoming film.

Coverage of GBHL’s common stock has been initiated by “The Wall Street Corner” (www.wallstreetcorner.com/daily.html).  Further information on the Company and/or its publicly traded stock can be obtained from Worldwide Financial Solutions at: wfsolutions@gmail.com, (765) 780-0915; or, directly from the Company 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,” “Hopefully” 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 undertake any responsibility to update the “forward-looking” statements contained in this news release.

Global Entertainment Holdings, Inc.
Raleigh Studios Lot
650 N. Bronson Ave., Suite B-116
Los Angeles, CA 90004  USA

Phone:   877-807-8880

Fax:      818-827-0090

Gary Rasmussen, CEO for Global Entertainment Holdings, remarked that, “With the finalization of our Share Exchange agreement, Global Entertainment Holdings now owns an equity interest in GREG, an indirectly in the Omar Tyree properties, and GREG is now a significant shareholder in our public company, GBHL, providing both GREG and GBHL with a vested interest in one another.”

Last year, Mr. Wylie and Omar Tyree, the New York Times bestselling author, whose works have been read by millions, structured an exclusive deal to adapt his popular novels into film. Leslie, a supernatural thriller set in New Orleans, along with his best seller Flyy Girl are the first of Tyree’s novels to be adapted to film by GREG and to be funded through GRF. Omar Tyree books have been sold and read by over 8 million people. Leslie and loyal Flyy Girl readers will provide a “built-in” audience for the film.

Leslie is intended to be just one of several films planned for production this Fall at the newly formed Wylie Studios in Southeastern Michigan. Arthur Wylie, CEO of GREG, has begun securing production rights from many of Hollywood’s super-producers to produce high quality productions with better pricing. Plans are to operate from the 104-acre studio complex, which is located in the City of Allen Park, just ten miles outside of Detroit, Michigan, until they secure a more permanent site for their productions. What is now the studio complex was formerly the headquarters and warehouses of Montgomery Ward.

The vertical integration of the studio into the production structure of GRF and Global Universal will facilitate many upcoming film productions with reduced labor rates, hefty tax incentives from Michigan and enhanced production scheduling. “This paves the way for our companies to commence working on raising capital and starting the production of films in Michigan”, stated Gary Rasmussen, GBHL CEO.

A recent article in Crains Detroit Business News attests to the fact that Arthur Wylie and GREG have established a major presence in Allen Park, Michigan. “I believe that all businesses must get back to the fundamentals of business, financing and protecting investors’ equity, by utilizing a more efficient combination of debt, equity and tax incentives than typically structured by Hollywood”, stated Arthur Wylie, GREG CEO.

About Global Renaissance Entertainment Group
Global Renaissance Entertainment Group, Inc. (www.theGlobalRenaissance.com), is a full service film and television production company located in Hollywood, CA, Atlanta, Georgia and Allen Park, Michigan. Our primary focus is to develop solid brands that have built in audiences, facilitating the successful release of content across multiple platforms of media. This consists of films originating from Global Renaissance Entertainment Group (GREG), as well as outside content from top production companies. We strategically structure the financing, marketing, distribution and production for films and television content to be released globally. The principals of GREG are currently developing a world-class film studio and entertainment complex in Allen Park, Michigan.
GREG, an Arthur Wylie owned and operated company, has recently joint ventured with Global Entertainment Holdings, Inc., a publicly‐held, fully reporting company whose common stock is traded over the counter (OTCBB: GBHL), creating GLOBAL RENAISSANCE FUNDING, LLC, for the purpose of forming and managing film funds. The principals of GBHL have been in business since 1987, and have produced over 15 feature-length films “on time” and “on budget.”

About GBHL & Global Universal

Global Entertainment Holdings, Inc. (www.Global-GBHL.com) is a publicly-held, entertainment company traded on the OTC Bulletin Board under the symbol: GBHL. The Company’s goal is to build a worldwide entertainment organization with a multitude of domestic and foreign production affiliates. GBHL, through its wholly-owned subsidiaries, Global Universal Entertainment, Global Universal Film Group and its affiliated Canadian company, Global Universal Pictures (www.GlobalUniversal.com), is in the process of developing and producing a slate motion pictures that will be produced in both the U.S. and in Canada with recognizable star names, financed with distribution and tax incentives, with worldwide sales handled through Global Universal Film Group. GBHL and its U.S. subsidiaries are located on the Raleigh Studios Lot in Hollywood, California USA, and Global Universal Pictures, a partially-owned, Canadian affiliate, is located in Fredericton, New Brunswick, Canada. Information on previously completed films can be found on the Company’s website, or on the Internet at: www.AmericanSunsetTheMovie.com, and www.PlasterRockMovie.com.

Global Renaissance Funding (GRF) is a Joint Venture entity formed by GBHL and Global Renaissance Entertainment Group (www.theGlobalRenaissance.com), helmed by Co-CEO Arthur Wylie. GRF intends to finance a slate of films, including films based on several best-selling books written by novelist Omar Tyree. GBHL, through another wholly owned entity, You’ve Got The Part (http://www.youvegotthepart.com), will attempt to capitalize on the current popularity of Hollywood and reality based programming by casting various film roles online. Anyone with access to a digital camera or cell phone will soon be able to submit their audition for a role in an upcoming film.

Coverage of GBHL’s common stock has been initiated by “The Wall Street Corner” (www.wallstreetcorner.com/daily.html). Further information on the Company and/or its publicly traded stock can be obtained from Worldwide Financial Solutions at: wfsolutions@gmail.com, (765) 780-0915; or, directly from the Company 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,” “Hopefully” 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 undertake any responsibility to update the “forward-looking” statements contained in this news release.

Gary Rasmussen, CEO
Global Entertainment Holdings
650 N. Bronson Suite B-116
On the Raleigh Studios Lot
Los Angeles, CA 90004
USA

Phone: 877-807-8880

Note: The following news is from Global Entertainment Holdings, and World Stock Wire, Inc. is not liable for the contents of this news.

GBHL CEO, Gary Rasmussen said “We are pleased to announce this broadcast arrangement with Canwest as it marks the first firm commitment for the film.  American Sunset had an exclusive screening at the Palais during the Cannes International Film Festival this past May and had audiences on the edge of their seats as they experienced the plot twists and turns of this exciting thriller! This prestigious exposure resulted in many potential sales opportunities worldwide for American Sunset, which our sales subsidiary Global Universal Film Group is actively following up on.”  Mr. Rasmussen also stated “making the cover of the Cannes Market News on May 16 during the height of the Cannes festival garnished considerable international attention for American Sunset.  Since this film is a product of Canada, and the late Corey Haim’s birthplace, it is truly fitting that we commence our subsequent sales efforts with a country wide broadcast for all Canadians to see.”

American Sunset starring the late Corey Haim and Frank Molina was directed by Michael Masucci and was also featured at the Canadian Pavilion at this year’s Cannes International Film Festival.  Eric A. Leffler, executive producer, commented, “This was Corey Haim’s last film and we’re all delighted that his abilities as an adult lead actor were finally recognized during the exclusive screening of American Sunset at the Cannes festival. Audiences in France identified with Corey’s character and the harrowing experiences his character underwent, all skillfully portrayed by Corey as a matured actor.  Hopefully soon, audiences worldwide will have the opportunity to enjoy his work and appreciate his special talent.”

During the Cannes International Film Festival, producer Jackelyn Giroux commented, “Myself, as well as the entire cast and crew, were deeply saddened by his untimely passing. Corey dubbed himself the ‘Comeback Kid’.  Although he is gone, we are pleased that Canadians will have the first opportunity to enjoy Corey’s comeback efforts and see his great performance in this exciting film.”

About Canwest

Canwest (www.canwest.com) (TSX-V: CGS and CGS.A) is Canada’s largest media company. Representing a portfolio of world-class brands, the Company creates and distributes some of the most compelling and dynamic content across multiple media platforms. The company owns and operates a conventional television network, Global Television, and 18 industry-leading specialty channels and holds ownership interest in 5 specialty channels.  Canwest is headquartered in Winnipeg, Manitoba, Canada.

About GBHL & Global Universal

Global Entertainment Holdings, Inc. (www.Global-GBHL.com) is a publicly-held, entertainment company traded on the OTC Bulletin Board under the symbol: GBHL.  The Company’s goal is to build a worldwide entertainment organization with a multitude of domestic and foreign production affiliates.  GBHL, through its wholly-owned subsidiaries, Global Universal Entertainment, Global Universal Film Group and its affiliated Canadian company, Global Universal Pictures (www.GlobalUniversal.com), is in the process of developing and producing a slate motion pictures that will be produced in both the U.S. and in Canada with recognizable star names, financed with distribution and tax incentives, with worldwide sales handled through Global Universal Film Group.  GBHL and its U.S. subsidiaries are located on the Raleigh Studios Lot in Hollywood, California USA, and Global Universal Pictures, a partially-owned, Canadian affiliate, is located in Fredericton, New Brunswick, Canada. Information on previously completed films can be found on the Company’s website, or on the Internet at: www.AmericanSunsetTheMovie.com, and www.PlasterRockMovie.com.

Global Renaissance Funding (GRF) is a Joint Venture entity formed by GBHL and Global Renaissance Entertainment Group (www.theGlobalRenaissance.com), helmed by Co-CEO Arthur Wylie.  GRF intends to finance a slate of films, including films based on several best-selling books written by novelist Omar Tyree. GBHL, through another wholly owned entity, You’ve Got The Part (http://www.youvegotthepart.com), will attempt to capitalize on the current popularity of Hollywood and reality based programming by casting various film roles online.  Anyone with access to a digital camera or cell phone will soon be able to submit their audition for a role in an upcoming film.

Coverage of GBHL’s common stock has been initiated by “The Wall Street Corner” (www.wallstreetcorner.com/daily.html).  Further information on the Company and/or its publicly traded stock can be obtained from Worldwide Financial Solutions at: wfsolutions@gmail.com, (765) 780-0915; or, directly from the Company 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,” “Hopefully” 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 undertake any responsibility to update the “forward-looking” statements contained in this news release.

Global Entertainment Holdings, Inc.
Raleigh Studios Lot
650 N. Bronson Ave., Suite B-116
Los Angeles, CA 90004  USA

Phone:   877-807-8880

Fax:        818-827-0090

Huckert is set to Direct the supernatural thriller with Matkowsky as his Director of Photographer. Eric A. Leffler, Director of Business Development for Global Universal Film Group, and Gary Rasmussen, CEO GBHL, are the Executive Producers.

GBHL CEO and Executive Producer, Gary Rasmussen said “We are very excited about acquiring Seeing Things for our next feature film production and plans are under way to begin production this Fall in Michigan. Given the worldwide mass appeal of films in this genre, like Paranormal Activity and Blair Witch (with estimated budgets under $100,000 and gross revenues of well beyond $100 Million), I believe Seeing Things will have an excellent chance of success at the box office.”
“Seeing Things is a Ghost story that is based on actually events that are truly amazing and well documented by the Fox TV reality show SIGHTINGS, renowned spiritualist and psychic Peter James, as well as by the many photographs taken by Huckert and Matkowsky. If you had any doubts about the afterlife, then you need to see this story”, says Executive Producer Eric A. Leffler, Director of Business Development for Global Universal Film Group.

In late 1992, two residents living in an old house in the Hills of Los Angeles begin receiving ghostly messages in Polaroid photographs. The pair took many photos inside the house in the hopes of obtaining a picture of the entity they believed haunted the house. Eventually, ghostly images appeared and the men soon discovered that if they asked questions about the entity and why it inhabited their house, words and messages appeared on the photos in response. Since the first messages appeared, many thousands of photos have captured the spirit’s messages on a variety of subjects of interest to mankind. Additional information on Seeing Things can be found at: http://www.drkrm.com/ghost2.html

Daniel Sherkow, COO of Global Universal Entertainment, further commented “Our financing methods, which significantly mitigate investment risk, have certainly been proven sound. Four major motion pictures financed and completed in just eighteen months in this uncertain economy speaks volumes as to our development strategy. The strong interest in our Murder/Horror thriller Plaster Rock, has shown us that this genre is desired by a large segment of the movie-going population. I won’t give away too much of the movie but Seeing Things is based on actual happenings over the past 18 years.”

The state of Michigan has made available tax credits which will underwrite a significant portion of the cost of the production of Seeing Things. GBHL’s first four motion pictures were produced in Canada using the same tax credit, leveraged financing strategy.

About GBHL & Global Universal

Global Entertainment Holdings, Inc. is a publicly-held, entertainment company traded on the OTC Bulletin Board under the symbol: GBHL; website: www.Global-GBHL.com. The Company’s goal is to build a worldwide entertainment organization with a multitude of domestic and foreign production affiliates. GBHL, through its wholly owned subsidiary, Global Universal Entertainment (www.GlobalUniversal.com), and its affiliated Canadian subsidiary, Global Universal Pictures, is in the process of developing and producing a slate motion pictures that will be produced in both the U.S. and in Canada with recognizable star names, for worldwide release by Global Universal Film Group, a wholly-owned subsidiary responsible for selling the films. Global Universal Pictures is a Canadian film production company with offices in Fredericton, New Brunswick, Canada, and on the Raleigh Studios Lot in Hollywood, California USA. Information on previously completed films can be found on the Company’s website, or on the Internet at: www.AmericanSunsetTheMovie.com

New ideas

The newest player is North Carolina entrepreneur Arthur Wylie.

Wylie, 35, built a money management portfolio while in college and parlayed that into a series of investments in movie projects under the firm he created, Global Renaissance Entertainment Group.

He has issued press releases and told Crain’s that he has the intellectual property rights to develop 25 movies, including a deal for books written by novelist Omar Tyree.

Wylie also said he is “in discussions with” Mark Ordesky, producer of “Lord of the Rings.” He has brought the producer to city and county-level meetings.

In October, Wylie formed a joint venture with Las Vegas-based entertainment company Global Entertainment Holdings Inc. (OTC: GBHL). The new company, Global Renaissance Funding L.L.C., according to SEC filings, was formed for the two groups to jointly raise between $20 million and $100 million to finance movies.

Wylie was hired in April by the city in a $125,000 contract to market the site.

However, he said, after touring the site and generating ideas for uses, he is interested in buying part of the space for the production of movies under his Global Renaissance title.

“At this point, I’m very interested in acquiring space in this facility for the production of movies that I’m involved with,” he said.

He said Friday that he has submitted a proposal to buy a “significant portion” of the film campus. He did not disclose the price. Burtka confirmed that the city has received the offer, but did not comment otherwise.

ALLEN PARK, Mich. – There new hope for making Allen Park the Hollywood of Michigan. The city has attracted a film school and a new outside investor who’s promising to make more movies.

Arthur Wylie says he stands ready to invest “probably anywhere between a million and two million dollars” to start making movies in Allen Park. He company is called Global Renaissance.

“My real estate broker called me, said we got a facility… here in Detroit, Michigan, Allen Park area, and I think they have everything that you need,” Wylie said. “I said, ‘No, that’s impossible to have everything that I need.’ He said, ‘No, every single thing already ready to go.’”

Then locally, there’s the Center for Film Studies relocating to the same site near Southfield and I-94.

“Center for Film Studies is training people for jobs in the film industry, entry level or technical jobs like grip, lighting, production assistant, set building,” said Mort Meisner with the school.

All which begs the question whatever happened to the much hyped Unity Studios with its watercolor renderings of a studio lot like Warner Brothers.

“Unity has reduced down… the expectation,” said Wayne County Executive Robert Ficano. “We knew there (were) some issues because the county did not offer a Renaissance Zone at that time, which Unity asked for.”

“I don’t want to take anything away from Unity. They still are a tenant on-site. They are current with the dues. I think that it got a little blown out of proportion the entire episode,” said Allen Park Mayor Gary Burtka.

Conversely, Wylie says he’s got big name producers on his side, such as Mark Ordesky, who was an executive producer for the “Lord of the Rings” trilogy of movies.

Allen Park’s mayor tells us that Wylie’s company is not yet a paying tenant on-site. In fact, they’re sort of crashing at the Stautzenberger Institute where people learn how to be personal trainers and massage therapists.

“Arthur Wylie is actually occupying space here,” Burtka said. “They’ve been here for quite some time, and they’re reviewing everything that’s going on here.”

Wylie says filming could begin by year’s end… SEE VIDEO

First quarter net earnings were $277,289 versus a Loss of $184,635 for the first quarter a year ago.
First quarter reported earnings were $.012 per share, on a fully diluted basis. The first quarter reported gross revenues increased to $300,000, while General and Administrative Expenses decreased by $164,412, resulting in a $461,924 increase over the prior year’s net earnings.

President and CEO of GBHL, Gary Rasmussen, said, “This was a very exciting quarter for GBHL. Our Company has produced 4 feature length films in the last 16 months, and we are beginning to realize cash flows and profits from all of our hard work.”

Interest and Tax
In the first quarter 2010, GBHL’s interest expense totaled $5,056, an increase over last year. Tax loss carry forward gave tax benefits of an effective tax rate to 0.00 percent.

Cash flow
Cash flow, defined as cash from operating activities less capital expenditures, was $9,125 for the quarter.

To see the complete quarterly report on Form 10Q, as filed on May 24, 2010 with the SEC, go to http://www.sec.gov/.

About GBHL & Global Universal

Global Entertainment Holdings, Inc. is a publicly-held, entertainment company traded on the OTC Bulletin Board under the symbol: GBHL; website: www.Global-GBHL.com. The Company’s goal is building a worldwide entertainment organization with a multitude of domestic and foreign production affiliates. GBHL, through its wholly owned subsidiary, Global Universal Film Group, Inc. (www.GlobalUniversal.com), and its affiliated Canadian subsidiary, Global Universal Pictures, is in the process of developing and producing a slate motion pictures that will be produced in the U.S. and in Canada with recognizable star names, for worldwide release. Global Universal Pictures is a Canadian film production company with offices in Fredericton, New Brunswick, Canada, and on the Raleigh Studios Lot in Hollywood, California USA. Information on previously completed films can be found on the Company’s website, or on the Internet at: www.AmericanSunsetTheMovie.com, and www.PlasterRockMovie.com.

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 various film roles online. Anyone with access to a digital camera or cell phone will soon be able to submit their audition for a role in an upcoming film.

Information on the Company and/or its publicly traded stock can be obtained from Worldwide Financial Solutions at: wfsolutions@gmail.com; or, directly from the Company at: contact@globaluniversal.com.

URL: WWW.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.

Gary Rasmussen, CEO
Global Entertainment Holdings
650 N. Bronson Suite B-116
On the Raleigh Studios Lot
Los Angeles, CA 90004
USA

Phone: 877-807-8880 

Wylie Studios is the latest commitment of Arthur Wylie to the Detroit area.  Expanding and combining his Los Angeles, Atlanta and Charlotte operations, he moved the headquarters of Global Renaissance Entertainment Group to Allen Park earlier this year.  Wylie Institute for the Study of Entrepreneurship (WISE), a Film and New Media Division is located on the campus of Stautzenberger Institute, also in Allen Park.

“The movie industry is blossoming in Michigan, and we are finalizing our location for a major studio complex to meet the needs of our productions,” Wylie said.  ”We have committed our future to movie-making in the Detroit area.”

Michigan is becoming the “hotspot” in American movie production making it the fifth most popular state in the United States for filming.  It has the best film incentive in the United States with a tax credit of up to 42 percent of the production company’s expenditures incurred during film production.  An estimated $325 million has been generated so far in Michigan with more than 87 major film productions and TV projects creating 7,000 jobs.  Films include Gran Torino, Dreamgirls, Transformers, Up In the Air and 8 Mile to name a few.  In 2010, three more major studios are expected to open in Michigan with the number rapidly growing.

Wylie said he hopes that GREG can build the studios at Allen Park alongside his corporate headquarters and education institute but there are several attractive options in the downtown Detroit area. “I have never been more thrilled to be part of a project such as this, because in this instance, we can benefit one of the regions hardest hit by the recent recession,” said Wylie.  ”We hope to add value to these communities by creating opportunities for local businesses while supporting the education and training required for current and future generations of workers to thrive in industries such as entertainment.”

Among producers currently in discussions with Wylie Studios are Mark Ordesky, executive producer of the Lord of the Rings trilogy and Scott Mednick, executive producer of 300 and Superman Returns.

“Detroit is becoming a major film city, and we intend to be a leader as the movie industry grows in Michigan,” Wylie said.

About Global Renaissance Entertainment Group Inc.:

Global Renaissance Entertainment Group Inc. is a full service film and television production company located in California and Michigan.  Its primary focus is to develop solid brands that have built in audiences, facilitating the successful release of content across multiple platforms of media.  This consists of films originating from Global Renaissance Entertainment Group, as well as outside content from top production companies.  We strategically structure the financing, marketing, distribution and production for films and television content to be released globally.

About Wylie Institute for the Study of Entrepreneurship:

Wylie Institute for the Study of Entrepreneurship: Film and New Media Division is a Master Class Program within Stautzenberger Institute.  WISE is dedicated to entrepreneurship in various businesses.  The WISE Film and New Media Division will take the top students in Stautzenberger to develop their entrepreneurial skills, and upon graduation, support them in developing the startup of their own production companies, studios and marketing/PR firms.  An additional goal of WISE is special placement of graduates with established entertainment-related companies.

Contact: Allison Ritter, 1-404-604-2603, aritter@hopebeckham.com

SOURCE Wylie Studios

On May 6th thru May 13^th, Grand Cinema 3 Theatres (http://www.grandcinema3.com), and  Radio Station CIKX K93 FM (>http://www.k93.ca/promos/?p=1085), both of Grand Falls, New Brunswick, Canada, will sponsor and Exclusive Screening of Global Universal Pictures’ Feature Production of “Plaster Rock – Terror on the Tobique.”

On May 6^th, K93 will host a private screening for the lucky winners of their contest. K93 is giving away 93 pairs of tickets to view this brand new feature film at the Grand Cinema 3. This first time exclusive screening of “Plaster Rock – Terror on the Tobique” will have the Cast and Crew on hand for a “Red Carpet” event where the lucky contest winners will “Meet & Greet” the Stars of the film!

On Friday, May 7th, tickets will be sold to the public for an Exclusive Showing of “Plaster Rock – Terror on the Tobique“, where theater goers will have a chance to attend a second ”Red Carpet” event and “Meet & Greet” the Stars of the film! All show times, dates and ticket prices will soon be available on the Grand Cinema 3 website: http://www.grandcinema3.com.

”This may well be your only chance to have a slice of Hollywood in your own back yard!”, commented Jackie Giroux, writer and director of the film. Among other cast & crew in attendance will be co-producer Benoit Martin, the amazing young Director of Photography Jesse Anthony, Actors Lalesha Railsback (Mondavi Gang daughter of famed actor Steve Railsback), Christine Johnson (Beautiful, SINGER from Moncton), Frank Molina (American Sunset), Eric A. Leffler,(Currently Starring in “Lbs” in New York City), Michael Massuci (Director of American Sunset) and Jason Nicholson (Fredericton actor, American Sunset) and Master Illusionist, Peter Loughran one of the lead actors in the film.

FOR A TASTE OF A TRUE AND EXCLUSIVE HOLLYWOOD RED CARPET EVENT, THIS IS NOT TO BE MISSED!!!!

“Plaster Rock – Terror On the Tobique” was filmed in Riley Brook, NB, in December 2009.  It is the latest completed production by Global Universal Pictures. In New Brunswick (“Blue Seduction”, starring Billy Zane and Estella Warren and also “American Sunset“, starring Corey Haim, Frank Molina, Angela Cullins and Bernard Robichaud ). Currently in post-production is another thriller-horror called “The Night“, produced by Jackie Giroux and directed by Shari Hamrick.

“Plaster Rock – Terror on the Tobique” (http://www.PlasterRockMovie.com) for trailers, interviews, video clips, events & more……..

The story of Plaster Rock begins as a test of athletic prowess becomes a quest for discovery just to stay alive!  Four young men and women are boated into a hunting lodge in the wilds of northern New Brunswick to partake in a cross country ski race, which the winner expects to reap a cash prize of $250,000.

Each contestant is a former athlete or high-profile celebrity who has already received $20,000 for their time just to travel and enter the race in the desolate area. The only problem is, once left at the lodge by boat, there is no way out, and each contestant begins to realize they have more at stake than the cash prize.

Plaster Rock is a fast-paced thriller-horror film which takes place in remote wilderness where you need more than luck to survive!

About GBHL & Global Universal

Global Entertainment Holdings, Inc. is a publicly-held, entertainment company traded on the OTC Bulletin Board under the symbol: GBHL; website: www.Global-GBHL.com.  The Company’s goal is building a worldwide entertainment organization with a multitude of domestic and foreign production affiliates.  GBHL, through its wholly owned subsidiary, Global Universal Film Group, Inc. (www.GlobalUniversal.com), and its affiliated Canadian subsidiary, Global Universal Pictures, is in the process of developing and producing a slate motion pictures that will be produced in the U.S. and in Canada with recognizable star names, for worldwide release.  Global Universal Pictures is a Canadian film production company with offices in Fredericton, New Brunswick, Canada, and on the Raleigh Studios Lot in Hollywood, California USA.

Information on previously completed films can be found on the Company’s website, or on the Internet at: www.AmericanSunsetTheMovie.com, and www.PlasterRockMovie.com.

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 various film roles online.  Anyone with access to a digital camera or cell phone will soon be able to submit their audition for a role in an upcoming film.

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.

For further information regarding this event, please contact Jim Lavoie, Director of Publicity for Global Universal Pictures, Inc. at “JimLavoie@rogers.com.”

Information on the Company and/or its publicly traded stock can be obtained from Worldwide Financial Solutions at wfsolutions@gmail.com; (765) 780-0915; or, directly from the Company at: contact@globaluniversal.com.

URL: WWW.GLOBALUNIVERSAL.COM

Gary Rasmussen, CEO

Global Entertainment Holdings, Inc.

On the Raleigh Studios Lot
650 N. Bronson Avenue, Suite B-116
Los Angeles, CA  90004    USA
Phone: +1 /877/ 807-8880