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

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.

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.

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.

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.

Los Angeles, CA – January 15, 2013 ‐ Global Entertainment Holdings (OTC: GBHL) has announced the appointment of Alan Bailey, who will function as GBHL’s Chief Financial Officer and oversee accounting functions for the Global Universal group of subsidiary entities. Mr. Bailey supersedes Stanley Weiner, who continues to serve as a director of the Company.

Bailey brings a well of financial experience to Global Universal having spent over 35 years at Paramount Pictures (division of Viacom Industries), most recently as Senior Vice President and Corporate Treasurer.

In making the announcement, Gary Rasmussen, Global Entertainment Holdings CEO, stated, “Alan’s extraordinary experience as a senior financial executive at a major media power, as well as his extensive relationships within our industry, will help accelerate Global Universal’s growth as a successful media company that looks to the bottom line profits while seeking to minimize risk for our investors.”

Jointly, Bailey commented, “Global Universal is an exciting opportunity and I look forward to working with an experienced and proven management team like Gary, Jackie (Giroux), and Dan (Sherkow), who understand and appreciate the challenges and opportunities in an industry with significant revenue potential and upside growth in assets.”

Daniel Sherkow, Chief Operating Officer of Global Universal Entertainment stated, “It’s pleasure to team up with Alan again, having worked with Alan at Paramount where both of us were senior executives. I’m confident that Alan understands how to best move Global Universal forward not only financially, but also in all of the other facets of our operation. I’m excited that we have been able to put into place a superb piece of financial manpower.”

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.

LOS ANGELES, April 23, 2012 /PRNewswire/ — Global Entertainment Holdings, Inc. (OTC: GBHL/GBHLE) announced today that its wholly-owned U.S. production subsidiary Global Universal Entertainment, Inc. has agreed to produce “Down The Stretch“!  Writer and Director Geoffrey Rush protege, Matthew D. McClure (Award winning short director of “Julio”), brings this new and exciting action crime adventure project which is sure to thrill audiences. It is a story of the fading world of the race track and a young gambler’s seduction into a big long shot. It is a true “Calling all Bruce Lee Fans” film, as legendary actor John Saxon and Bolo Yeung team up for the first time in 40 years since their classic duo with Bruce Lee in “Enter The Dragon.”

Saxon joins the cast in a quorum of a wild bunch of raw talented American film nominees! Negotiations for the legendary ensemble cast are under way — from Dreyfuss to Dern, to Railsback to Keitel and Mickey Rooney, are names under consideration.  The Film will star two young lead actors as Eric and Ty, in the film noir about betting on horses and on life.

Writer/director Matthew D. McClure (“Julio”) will produce with Lalesha Railsback (“The Mondavi Gang”) and Barrett Leigh (Production Coordinator on “The Fast and The Furious” and “Knocked Up”). “There will be no shortage of great production talent on this film. No effects. No CGI. Just a first rate cast of past Film Nominees, plus a stellar screenplay which will reach out to all audiences, worldwide,” stated Jackleyn Giroux, who helmed the deal for Global Universal 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., Global Universal Entertainment, Inc., and its partially-owned Canadian subsidiary Global Universal Pictures, is in the process of developing and producing a slate of motion pictures in Canada and the U.S., employing recognizably-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.

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 U.S. 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 affiliated or subsidiary entities undertakes any responsibility to update the “forward-looking” statements contained in this news release.

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

LOS ANGELES, Oct. 4, 2011 — LOS ANGELES, Oct. 4, 2011 /PRNewswire/ — Global Entertainment Holdings (OTCBB: GBHL) announces that a full page ad on GBHL and its Global Universal film production subsidiaries will appear in Opportunist Magazine’s October issue, which will be distributed today as an ad insert in home and office-delivered copies of The Wall Street Journal. The October 4th issue of Opportunist Magazine is available to subscribers to the print edition of the WSJ and online at www.OpportunistMagazine.com. The Wall Street Journal, published by Dow Jones & Company, is the top selling U.S. newspaper with a 2.1 million average daily circulation, according to the Audit Bureau of Circulations’ Fas-Fax circulation report covering the six months ended March 31st.

Global Entertainment Holdings, and its group of Global Universal companies, has successfully financed and produced four feature films during the past two years since becoming a publicly-traded company. The Company is currently developing a slate of seven films to be produced over the next three years. Most of the films in its intended slate are based upon “in-house” scripts either owned or optioned by GBHL, effectively by-passing an expensive element of the development stage. Management further employs risk mitigation techniques enabling it to produce its films with far less risk of capital than the actual budget.

GBHL subsidiary, Global Universal Film Group, has launched a one-of-a-kind, online casting website, “You’ve Got the Part!” where anyone can be discovered for a role in a real Hollywood movie just by filming themselves auditioning one of our posted roles and uploading their video to: www.youvegotthepart.com. Online casting is currently underway for “Mr. Pink,” a feature film being developed by the Company, which is based on the true story of the ‘Transylvania Book Heist.’ (See www.WhoIsMrPink.com and www.MrPinkMovie.com)

Opportunist Magazine is a valuable resource of information for investors, the financial community, and businesses. The full color, 36-page investing and personal finance publication is filled with informative content on public companies, financial news, investor tips, and more.

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., Global Universal Entertainment, Inc., and its partially-owned Canadian subsidiary Global Universal Pictures, is in the process of developing and producing a slate of motion pictures in Canada and the U.S., 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 Global Entertainment Holdings, or its Global Universal subsidiaries, contact the Company at contact@GlobalUniversal.com. Or, please visit www.GlobalUniversal.com or www.Global-GBHL.com for online information about GBHL, Global Universal and You’ve Got the Part!

SOURCE Global Entertainment Holdings, Inc.