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NEWS and PRESS RELEASES


Global Entertainment Holdings Releases Book & DVD Collectible on Serial Killer, Aileen Wuornos

February 27th, 2013

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.

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

February 21st, 2013

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.

Global Entertainment Holdings Promotes Daniel Sherkow to Chief Operating Officer

February 20th, 2013

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.

Opportunist Magazine Interview with GARY RASMUSSEN, CEO OF GLOBAL ENTERTAINMENT HOLDINGS

February 15th, 2013

Posted By Donna On 13 Feb 2013 . Under Featured Story Tags: American Idol, avatar, Columbia and Paramount Pictures, Global Entertainment Holdings, Global Universal Entertainment, HBO, Hollywood Entertainment, James Caan, Merrill Lynch, Ridley Scott, You’ve Got The Part!

opportunistGary Rasmussen, CEO of Global Entertainment Holdings (OTC: GBHL), talks with the Opportunist’s Managing Editor Leslie Stone about how technology is changing the movie industry, his favorite film projects and what’s in store for the company in 2013.

Global Entertainment Holdings is a publicly-held entertainment company that, through its wholly owned subsidiaries, Global Universal Film Group, Inc., and Global Universal Entertainment, Inc., is in the process of developing, financing, producing and marketing motion pictures for worldwide release. The high quality films feature recognizable name talent and yet are produced at a fraction of the cost of big-budget studio films, says Gary Rasmussen. “Technology has reduced the barrier of entry into film-making. Movies are being made today for as low as $10,000. Take ‘Paranormal Activity’ for example. It cost $35,000 to make and made $100 million in the box office.”

According to Rasmussen, Global Entertainment’s financing strategy is designed to significantly mitigate investment risk utilizing tax incentives, distribution advances and/or pre-sales, gap financing, economies of scale inherent in back-to-back film production and deferment of the company’s production fees. “We are very lean. We don’t have a huge studio or huge budgets. This
makes us competitive in this new environment. In 2012 we streamlined our company and got our overhead down. We are now showing a profit.”

Opportunist: How would you describe yourself, Gary?

Rasmussen: I am what I’d call a serial entrepreneur because I have been involved in many businesses—mostly public companies—from brokerages and mortgage investments to cable TV and a nutraceutical company.

Opportunist: What is your background?

Rasmussen: I grew up in Grosse Pointe Park, Mich., near Lake St. Clair and Windmill Point, which is about six miles from downtown Detroit. As a teenager, I played with a rock band in Detroit and we opened for performers such as Jimi Hendrix, Janis Joplin, Steve Winwood and Procol Harum.

In college, I obtained my Commercial pilot’s license with Instrument and multi-engine ratings. I was also a Certified Flight Instructor for about 12 years. While attending Western Michigan University, I was the Dean’s personal pilot, which entitled me to a 75% discount on my tuition. I also got paid $1.60 an hour, for a minimum of eight hours, to fly the dean around. I was a great gig! [Laughs]

Right out of college I took a job with Merrill Lynch in New York. They said I was the youngest broker they had ever hired at the time. They were reluctant to hire me at first because I was only 21 (their minimum hiring age was 25 at that time), single and already a commercial pilot. The psychological battery they gave me revealed I was a little bit too aggressive and adventurous and might not stay long with the company. They were right. The next year I used my training to open my own broker-dealer and eventually we expanded to four offices and about 100 brokers. Besides many individuals, some of our larger clients included the Michigan public school employees’ retirement plan, a union pension plan, a Southeastern Michigan Indian tribe, many auto dealers and we even did the original offering for John DeLorean after he left General Motors.

Opportunist: You have certainly had an interesting life. So how did you get into the entertainment industry?

Rasmussen: It’s related to my work in cable TV. I bought out a small cable system owned by actor James Caan and some point in time, the mid-nineties I believe, we sold out to Times Mirror when they merged with Warner. I was looking for something to do—I had already financed a couple of films that turned out to be a pretty good investment and I realized that independent films could be made relatively inexpensively and had the potential to make huge returns.

Opportunist: Where do you make your films?

Rasmussen: Where we know we can get a tax credit. We shoot for at least 30% tax credit. And, if we get investors in on it we can take advantage of Section 181 [of the U.S. Tax Code], which gives us a 100% write-off and saves our investors usually about 35 cents on the dollar. If we know we can get any kind of sales from distribution or minimum guarantees, then maybe we can get another 15% to 20% that way. Basically that’s what we can do to mitigate risks. Let’s say we make a film for $5 million, we can usually get up to $4 million covered with deferments or tax credits or presales or distributor’s incentives. That leaves us with $1 million to raise—if we cannot do that then something is wrong—and that means practically no risk for the cost of the film. Even if a film never does anything at least we are not out anything. I believe ‘all boats rise with the tide,’ so to speak. If one film is a hit and the others aren’t that one blockbuster will give us a boost. My business partner, Jackie Giroux, has a lot of experience in guerilla filmmaking. Jackie is one of the few producers that can honestly say they have produced all their films on time and on budget. She is also a writer and has directed several films. Jackie has produced about 17 independent productions both here in the states and in Canada.

Opportunist: What obstacles, if any, has Global Entertainment had to overcome?

Rasmussen: A major recession, for one. And the government changing and pulling up tax credits. We were producing several films in New Brunswick, Canada, when they pulled the plug on their tax credit program in 2011. Iowa and Michigan did that as well. But we have overcome it, partly because our overhead is really lean and we have a lot of smart people on the team. Each of our executives has 30 years of experience in our various fields, which means we all have a little bit of gray hair. [Laughs]

Opportunist: How do you choose film projects to become involved with?

Rasmussen: We have a committee that reviews films and determines if we can pick up distribution on it and can get the rights to talents to go into it. Our chief operating officer, Dan Sherkow, started off with Times Mirror, which became HBO, and also worked for Columbia/TriStar and Paramount Pictures and has several major films under his belt. Alan Bailey, our chief financial officer, served for 35 years as senior financial executive and treasurer of Paramount.

Additionally, Jackie Giroux has tremendous ‘hands-on’ experience in budgeting, casting and independent production and has written over 60 screenplays. In fact, she wrote most of the films in our library, including the four films produced in Canada. Together, I believe this team has the experience and track record to guide our company in determining which films to produce, where to produce them, what cast to hire and what the budget and other financial considerations will be.

Opportunist: What changes have you observed in the movie industry?

Rasmussen: We are moving into the information age where everything is digital. You can download a major release onto your computer or your handheld device or to your TV. Everybody thought pay-per-view would be huge but today with Netflix and Hulu and the Internet in general you can make more profits on a film much quicker. If a motion picture does have a theatrical release I believe it will be there for a few weeks. People want things quicker and faster. Many years ago, the industry was dominated by the big studios that used to make 100 or 200 films a year. Nowadays, over 10,000 films are made per year, mostly by independent film producers. There has to be a quicker cycling of films from production to the audience. That’s why funding is quicker and with faster distribution to public outlets such as the Internet. The industry, and especially distribution, is becoming more fractionalized. No longer is it just theaters and TV and DVDs. Now you’re seeing a plethora of new markets. Some films are meant for the Internet. Other films are electronic downloads via Netflix. And we have those big Red Box(es) on the corner where we can rent movies for a dollar.

Opportunist: We understand you recently entered a joint venture with a Chinese owned entertainment company.

Rasmussen: Yes, Hollywood Entertainment EDU Holding, Inc. Through their affiliated office in Beijing, EEDU offers training programs for Chinese students who wish to study the advanced methods of film and video production in the United States. Our partnership will allow us to engage in the co-production of live action feature motion pictures, as well as 3D animation and video game creation. We are also working with Jimmy Lifton to start a film school in Los Angeles. Lifton operated a successful film school in Michigan, retraining laid-off auto workers for the film industry, before the current governor pulled the tax credits and the film industry there dried up.

Opportunist: Are there any other recent developments?

Rasmussen: In an attempt to capitalize on the reality-based programming trend and the popularity of Hollywood, we have formed a wholly owned subsidiary called You’ve Got The Part, Inc.

Opportunist: Please tell us more.

Rasmussen: You’ve Got The Part will be casting small roles for a real Hollywood film that anyone with a digital camera or cell phone can audition for online. Let’s say you want to be in a film with Matthew McConaughey. You can download our app on your cell phone and read your lines and then upload the video onto our website (www.youvegotthepart.com) and people will vote for you.

There is a small upload fee of 99 cents. We will fly whoever gets the most votes out to Hollywood to be in the film.

opportunist2Opportunist: That sounds like the film industry’s version of ‘American Idol.’

Rasmussen: It is very hard to start getting credits with no experience. Everybody looks you up on IMDB.com and if they see you there they know if you’re really in the business or not. You’ve Got the Part gives anybody with access to a cell phone camera the opportunity to be in a real Hollywood movie.

Opportunist: What is your favorite genre of film?

Rasmussen: The sci-fi genre. I would like to explore the origins of where we really came from. Did you see the Ridley Scott film ‘Prometheus?’

Opportunist: No, I haven’t.

Rasmussen: It’s about the crew of the spaceship Prometheus who follows a map showing a star system that was found among ancient artifacts on Earth. I am fascinated by the Sumerian Tablets that were discovered back in the fifties. They had to be interpreted by super computers as their language was very difficult and contained about 400 characters (like letters) with no vowels. They wrote about how Earth was basically occupied by an alien race thousands of years ago. These tablets are online and you can see the tablets themselves, and their respective translations, at Oxford University and one of the universities in Chicago as well. I find it a fascinating study just reading what these people experienced thousands of years ago. It is so laborious to write on clay tablets in cuneiform and I believe they were recording history as they saw it—not a fictional story. What is really amazing is how closely this ancient history parallels the Old Testament of the Bible, which came thousands of years later.

Opportunist: Would you consider making a movie about it?

Rasmussen: It would be a major undertaking like an ‘Avatar.’ That is a little out of our reach at this juncture [Laughs] but, you never know, given a couple of good years it might be one of our greatest film projects.

Opportunist: Which of your projects were the most rewarding?

opportunist3Rasmussen: They are all pretty rewarding. One that was fascinating was ‘Hostage Game,’ formerly known as ‘American Sunset’ (http://www.americansunsetthemovie.com) with Corey Haim. Our team and his mother and friends actually became pretty close.

Opportunist: What was he like to work with?

Rasmussen: I really liked Corey; he had gone through a bad phase in his life, like so many child actors. But now, he was a better person for it and was on his way to making a great comeback. He had traveled full circle. We shot four films in Canada from 2009 through 2011. One of those films, ‘American Sunset,’ starred Corey Haim. It was his last released film and, in his own words, ‘…one of my best performances! I want everyone to see this film.’ On the set of ‘American Sunset,’ we called him the ‘Comeback Kid.’ However, God must have had other plans for him, as he died suddenly in March of 2010.

Just two weeks before he died, I was at a barbecue at his house. The press immediately assumed he died of a drug overdose, but he had completely cleaned himself up and was making a new start in films. The official autopsy report stated that his lungs filled with water from pneumonia. That was quite a shame. He was fascinating to work with. He was always joking with everybody and did not need time to prepare to get into character. He could instantly transform into the role and become a whole different personality instantly. Many actors take a lot of time to concentrate and prepare for their role. Corey was the only one I knew —maybe because he was a child actor—who, at the snap of a finger, became a totally different personality and owned his role in a very believable fashion.

Opportunist: What is the most satisfying aspect of your work?

Rasmussen: There is no blueprint. We are covering new territory every day. We might be dealing with the Chinese or Wall Street one day and then undertaking a new movie project the next—and then there is the film school, which is quite diverse. My children are grown and I do not have to worry about time limitations or family activities. I can pretty much work 24/7 right on through the weekends.

Opportunist: Who inspired you to get where you are today?

Rasmussen: My mother. She was not only an entrepreneur in various businesses as I was growing up but also a pilot of both fixed-wing aircraft and helicopters. She was the 188th woman to receive her helicopter rating and the 13th woman in history to become a commercial helicopter pilot. She is 79 now and lives in Florida. I would say that, definitely, she was a major inspiration in my life to get into business.

Opportunist: Can you tell us about any upcoming film projects?

Rasmussen: We would like to finance a new film project by David Zucker, a long-term friend of Dan Sherkow (our chief operating officer). They were friends in high school together in Milwaukee. Zucker was on the Paramount Studios lot when he did ‘Airplane,’ the ‘The Naked Gun’ movies and some of the ‘Scary Movie’ series. He is one of the most successful directors in Hollywood and he wrote a screenplay for a movie called ‘The Secret Secret Service.’ Along the lines of ‘Airplane,’ it’s about some goofballs that guard the president. That’s one of a potential slate of films we would like finance and help produce.

Opportunist: That sounds hilarious.

Rasmussen: It is hilarious. I saw of clip of what the movie is intended to be. Filmmakers today are able to test the public’s appeal by producing a short mockup on a computer or even a few scenes with a digital camera and actors, before spending millions of dollars to actually shoot the film. David Zucker told me he’d rather produce his new film as an independent production, than go with a studio where the budget would be much larger and he would have less control. A small firm, like ours, can operate more efficiently and have access to the same crews and stages as a studio, without the enormous overhead of a movie studio. In fact, our offices are on the lot at Raleigh Studios, with full access to crews, stages, etc.

Opportunist: Is there anything you would like to tell potential investors?

Rasmussen: I think people should start taking a look at Global Entertainment Holdings (OTC: GBHL). We are very lean, efficient and our overhead is practically nothing. We are showing a small profit for the quarter ended December 2012. There are roughly 30 million shares outstanding, which is a relatively low capitalization, and there are only about four million shares in the float. Everybody wants to buy a stock when it is down in the pennies. If they didn’t and then it does make a rise, they wish they had bought it when it was down low.

Opportunist: What’s in store for Global Entertainment in 2013?

Rasmussen: We know the economy is turning around. We have a successful track record and we are drawing the attention of the right partners, diversifying an entertainment conglomerate and 2013 is going to be the start of something great for us. We might want to do more than movies someday. We have started to diversify. The American financier Bernard Baruch, who advised some of our U.S. Presidents on economic issues, once said it’s wise to ‘bet on the jockey and not the horse.’ That’s one of my favorite sayings because I think we have a tremendous jockey team riding this horse.

opportunist4Leslie Stone is an award-winning writer/editor with more than two decades of experience covering business, finance and lifestyle issues for newspapers, magazines and online publications. Originally from Virginia, she currently resides in the Orlando area.

www.global-gbhl.com

www.globaluniversal.com

You’ve Got The Part!, Inc. – www.youvegotthepart.com

Global Entertainment Holdings Signs Collaboration Agreement with Hollywood Entertainment EDU Holding

February 10th, 2013

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.

Global Entertainment Holdings Announces Appointment of Alan Bailey as CFO

January 21st, 2013

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.

“Down The Stretch” A Global Universal Entertainment Film Production

April 27th, 2012

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.

Global Entertainment Holdings Ad to Appear in October Issue of Opportunist Magazine; Distributed in The Wall Street Journal as an Ad Insert

October 8th, 2011

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.

Global Universal’s “AMERICAN SUNSET” To Present at Louisville International Film Festival in October

August 22nd, 2011

LOS ANGELES, Aug. 22, 2011 /PRNewswire/ — Global Entertainment Holdings (OTCBB: GBHL) announced today that Global Universal Film Group’s presentation of “AMERICAN SUNSET”, starring Corey Haim and Frank Molina, will be playing at The Louisville International Film Festival from October 6th through October 9th, 2011.

“We are so proud of the late Corey Haim’s performance in this thriller,” stated Jackie Giroux, the writer and one of the producers of the film. “In the Behind the Scenes for AMERICAN SUNSET, Corey stated that he hoped he would be recognized by his peers for his performance in AMERICAN SUNSET, so we wish to thank the entire committee, including Conrad Bachmann and Brett Bachmann, for playing this film at The Louisville International Film Festival this year.”

“Veteran Actress and Entertainer Lily Tomlin will be placed in the ‘Walk of Fame’ at the Galt House on October 6th to open the Film Festival, so we feel honored to be a part of this prestigious film festival,” commented Gary Rasmussen, CEO of Global Entertainment Holdings. “We look forward to meeting Kentucky film makers at the Louisville Film Festival, as co-star Frank Molina and Director Michael Masucci will be in attendance to answer any questions about AMERICAN SUNSET or Corey Haim.” Gary Rasmussen and Eric Leffler are the Executive Producers of the Corey Haim film AMERICAN SUNSET.

Dan Sherkow, COO of Global Universal Entertainment continued: “Members of our production team, plus Corey Haim’s co-star, Frank Molina, will be in attendance at The Louisville International Film Festival, which provides grants to help fund educational efforts focused on training film makers of tomorrow in Metro Louisville and the commonwealth of Kentucky.”

AMERICAN SUNSET was directed by Michael Masucci in New Brunswick, Canada, and also co-stars Bernie Robichaud of TRAILER PARK BOYS fame. Corey Haim and Frank Molina play two unlikely characters who would have never met except through the unfortunate kidnapping of Haim’s wife, played by Angela Cullins. Haim has 24 hours to find his wife, with the assistance of Molina’s character. Corey Haim was just beginning to promote the film, when he contracted pneumonia and suddenly died. Global Universal had so many fans begging to see the film that it decided to offer a DVD of the film directly to Haim’s fans through a special Global website, as no distribution plans have yet been made out of respect for Haim’s untimely death.

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 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.

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.

GBHL Expands Global Universal Film Group

August 2nd, 2011

NEW DISTRIBUTION DIVISION TO BE HELMED BY MEDIA EXECUTIVE, BOBBIE STONE

Los Angeles, CA – (August 2, 2011) – Global Entertainment Holdings (OTCQB / OTCBB: GBHL) announced today that its sales and distribution subsidiary, Global Universal Film Group, Inc. is expanding the Distribution Division to reach new ground in the distribution of media content for the Company. The Distribution Division will be helmed by Bobbie Stone who will oversee new content acquisitions, exploitation of new media markets, and worldwide licensing of the Company’s films through traditional media.

Bobbie Stone is a renowned distributor and producer/director with more than 20 years experience in the creation, licensing, acquisition, and distribution of independent films and online media content in the global marketplace. Through the years, Ms. Stone has produced or executive produced over 250 special interest video and TV productions which have had wide release.

“We are thrilled to have a talent with the caliber of Bobbie Stone join the Global Universal family,” Stated Gary Rasmussen, CEO of GBHL. He continued “with Global’s current film library, new acquisitions, New Media markets, worldwide licensing, and our exclusive brands such as “You’ve Got the Part” talent contest to oversee, she will have many opportunities to use her extensive talents. We are excited to expand our content to a variety of media channels that reaches more markets and expands business.”

Bobbie gained valuable knowledge in television broadcasting and production at a local television station. She then became VP of an independent broadcast network where she produced or was floor director of TV productions in the studio. The company then opened an office on Madison Avenue for Stone to run the marketing, sales, and distribution division for the network. Meanwhile Ms. Stone sharpened her production skills while attending New York School of Visual Arts majoring in filmmaking and directing. The next level of her career was in DVD as the exclusive sales agent for a large DVD distributor. Ms. Stone handled the 2,000 title catalog of movies, documentaries, lifestyle and special interest content for release to DVD, TV and ancillary media worldwide. While there she also produced straight to DVD content in a production output deal with the studio. The next stage was to open her own distribution company, Indie Vision Films, where she licensed hundreds of independent films for release in the global marketplace on TV, broadband, and DVD.

Ms. Stone took her experience to the New Media marketplace with the production of original lifestyle webisodes, the development of an Internet TV network, and the marketing, syndication, and streaming of content in the New Media arena.

As a film distributor and sales agent Bobbie has represented thousands of indie films and video content in the DVD, TV, and Broadband market worldwide.

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 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.

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 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.GLOBALUNIVERSAL.COM, or contact the Company by email at: contact@globaluniversal.com.