“We already have an offer for Halloween week, so we are diligently working to finish the film for delivery this Fall”, states Producer Jackie Giroux. “The trailer can be seen on YouTube at: http://www.youtube.com/user/globalgbhl#p/u/0/HbnU4M4NN5c, and will soon make its debut on the film’s new website at: http://www.TheNightTheMovie.com.

The Night, filmed in Grand Falls, New Brunswick, Canada, continues the blueprint of success which has become a bankable trademark of Global Universal. The Company strives to combine a favorable mix of tax credits (offsetting a significant portion of production costs), named talent and quality distribution partners to develop, produce and market quality feature-length films.

“Wow! Was it cold”, commented co-star Lalesha Railsback, daughter of veteran actor Steve Railsback. “But this being a ghost story, the cast and crew took full advantage of those creepy locations at 3 am, so the film is sure to be scary!”

In addition to Lalesha Railsback, The Night features Syfy television star Lex Gigeroff, Jimmy McKinley, Angele Bourgeous, Trevor Richardson and featuring 10-year old Ian Hamrick as the ghost “Rodney.” Canadian director, Shari Hamrick and Executive Producer Trevor Richardson, both of the Canadian Company Alianza Films International in Vancouver, BC., participated in financing. GBHL CEO, Gary Rasmussen, is co-executive producer, with Giroux as writer, and Ben Martin as producer.

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.GLOBAL-GBHL.COM, or contact the Company by email at: contact@globaluniversal.com.

“Plaster Rock – Terror On The Tobique”– Based upon events that actually occurred near the filming location, four young men and women are boated into a hunting lodge in the wilds of northern New Brunswick, Canada to partake in a cross country ski race in which the winner will reap a cash prize of $250,000. Each contestant is a former athlete or high-profile celebrity who has already received a deposit of $25,000 for their time just to travel and enter the race in the desolate area known as “Plaster Rock.” The only problem is, once left at the lodge by boat, there is no way out, and each contestant begins to realize they have more at stake than the cash prize.

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

Jackie Giroux, the film’s co-creator and director, commented, “…the use of a professional magician as an integral part of a films’ plot is very rare. What makes our film unique is, we utilized the world renown talents of Peter Loughran, Master of Illusions. Peter has created original Illusions for top magicians around the world including Criss Angel for the popular television program called “MindFreak!” Peter gives an amazing performance in Plaster Rock.”

Peter Loughran states, “It was really a thrill for me to take a break from designing magic and illusions, and sharpen my acting skills to become one of the central characters in “Plaster Rock.” My character was based on one of the oldest unsolved mysteries in New Brunswick, so it was equally challenging to research ‘this very real psycho’ and sink my teeth into a very meaty role, while creating many of the illusions in the film..” Peter’s site www.masterofillusions.ca has over three thousand fans.

The femme fatale, Lalesha Railsback, is no stranger to horror films, since her father, veteran actor Steve Railsback, played Charles Manson, of the critically acclaimed film Helter Skelter. Ms. Railsback commented, “My dad has always been a method actor, and I have learned so much from his days at The Actors Studio.” Lalesha has been acting since she was fifteen years old, and co starred in movies such as Coo Coo Cafe with Barbara Carrera (directed by her Mom, Jackie Giroux), and The Mondavi Gang, which she co-directed. Most recently, she co-stars in another Global Universal film produced by Jackie Giroux, and currently in post production, The Night, which is due to be released in February of 2011. “Global Universal has been so dedicated to the up coming new talent, and enabled us to work together as a family, which is rare in the film business today”, added Lalesha Railsback.

Plaster Rock had a limited theatrical release at the Grand Falls Cinema Three, with Iron Man 2 and Nightmare on Elm Street, in May of 2010. Both Kirk Davidson, of K-93 FM Radio, and Kelsey McDonald of The Victoria Star News, gave Plaster Rock very favorable reviews.

About Global Entertainment Holdings, Inc. (OTC: GBHL) is a publicly-held, entertainment company (www.Global-GBHL.com). The Company’s goal is to build a worldwide entertainment organization with a multitude of domestic and foreign production affiliates. GBHL, operating through its wholly owned subsidiaries, Global Universal Film Group, Inc., Global Universal Entertainment, Inc., and its partially-owned Canadian subsidiary Global Universal Pictures (www.GlobalUniversal.com), 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.

(I-Newswire) Los Angles, CA, November 17, 2010 – Global Entertainment Holdings (OTCBB: GBHL) announced today that the Company is recognizing Film Director, Michael Masucci, for his outstanding job performance as Director of “American Sunset”, an exhilarating film starring the late Corey Haim and Frank Molina.

“I am very happy about how the film is being received;” stated Michael Masucci, Director. He continued; “from fantastic responses at the film festivals at: AFM (American Film Market), Silver Wave Film Festival, and Cannes International Film Festival to the exit reviews at the film’s limited theatrical release in Canada and the USA, I am elated.” And now it is available to the public on DVD and Blu-ray. Since Corey passed away there has been an outcry from his fans inquiring how they can obtain the movie; “it’s fulfilling to see that they are at last getting their chance.”

“We see it as ‘small town boy does well’ kind of story” stated Global Universal’s Jackie Giroux; speaking of Masucci. We are very proud of his work and wanted to give him the public recognition he deserves.
For Masucci the road to the director’s chair began shortly after earning his BA from The University of Scranton, in Scranton Pennsylvania. He enrolled into the Lee Strasberg Theater Institute. He would appear as an actor in a series of commercials, Off Broadway plays, and low budget feature films where he began working behind the camera as well. “I learned about the art of filmmaking by working and watching other filmmakers while on the set, it was a tremendous learning curve. I got to the point where I had worked in every facet of the filmmaking process both in front and behind the camera and the next natural step for me, was to direct.”

American Sunset is a thriller about a husband who awakens to find his wife missing followed by a call from an elusive character with a mysterious voice asking, “Wanna play a game?” The game is simple: a clue, a riddle, and a life hanging in the balance. The film unravels a mysterious conspiracy with numerous spellbinding maneuvers revolving around a kidnapping ploy to rob a devoted husband of his true love, while playing a game that prolongs her safety by correctly responding to riddles, which if to replied incorrectly, will surely result in fatal consequences.

The Movie, American Sunset, produced by Global Universal Pictures, in cooperation with Global Entertainment Holdings, is NOW AVAILABLE in DVD and Blu-Ray formats on the film’s Official website:
www.AmericanSunsetTheMovie.com, as well as the Company’s Tribure to Corey Haim website: www.CoreyHaimRemembered.com.

Global Entertainment Holdings recently announced that it has retained Level 4 Stonehenge Development Partners to implement its new technology, an advanced streaming technology for video distribution, called AppFlik™, that will offer American Sunset for download on Apple’s (NASDAQ: AAPL) iTunes App Store. The Company expects that American Sunset will be one of the first of many films that it will bring to the world using this state-of-the-art technology.

“I’m truly grateful to all the executives over at Global Universal and I just hope that American Sunset continues to be successful and people buy the DVD, and support the movie. We had a crew of roughly 60 people on American Sunset, and the film is a testament to the talent and hard work of the crew, which are all deserving of paramount recognition. I anticipate that the film will continue to do very well for us all.” Stated Masucci.
Michael Masucci has several Film and TV projects in development, slated for 2011.

American Sunset DVD also includes in the Bonus features, – The Behind the scenes making of American Sunset, the theatrical trailer, and a musical tribute to the cast and crew. You can find it at www.globaluniversal.com.
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 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 Visit us at WWW.GLOBALUNIVERSAL.COM or contact the company by email at: contact@globaluniversal.com ; or by fax at (818) 827-0090

Oct. 13, 2010 Los Angeles, CA – (WORLD STOCK WIRE) – Global Entertainment Holdings, Inc. a publicly traded entertainment Company (OTCBB: GBHL), and its Canadian affiliate, Global Universal Pictures (“Global Pictures”), announces the on-line distribution of the Company’s action thriller, American Sunset, exclusively on the film’s website: www.AmericanSunsetTheMovie.com, operated by Global Universal Film Group, a wholly-owned subsidiary of GBHL.

Due to an overwhelming demand from moviegoers, predominantly the late Corey Haim’s loyal fan base, Global Universal has launched the Company’s DVD sales division. With the Company having experienced a number of orders far in excess of what it had anticipated, just on the first day of availability, it was necessary for the Company to outsource the production of additional copies of the film.

“As is frequently the case with mainstream Hollywood, the movie has met its fair share of resistance. Corey Haim was a much admired Child Actor and Teen Heartthrob. His extraordinary talent was well recognized by distinguished critics at a very young age, firmly planting the establishment of his persona as the adorable little boy next door.” stated Jackie Giroux, American Sunset’s Producer.

“It’s well known how unforgiving Hollywood can be to grown up child stars, but the fans emphatically embrace him still… We have received abundant correspondence demanding an opportunity to see his final contribution to the film industry and the world. In the exclusive behind the scenes footage, Corey stated “I Want Everyone to See This Movie”, and his public will now have the opportunity to enjoy his exceptional performance in American Sunset. It is in his memory, and with this resolve that we move forward, passionately, to make this production, and others still to come, a smashing success.” concluded Ms. Giroux.

The Highly Acclaimed Film, American Sunset, features Corey Haim in his final performance as an adult leading actor. “Corey brought American Sunset to life with his outstanding performance.” stated Gary Rasmussen, CEO of Global Universal Film Group. He continues: “Between the talented cast, the exceptional directing, and the spellbinding plot of this film, it leaves nothing to be desired but a need to watch it again. We expect our internet sales to reflect these factors, as the popularity of this film continues to grow.”

American Sunset unravels a mysterious conspiracy with numerous spellbinding plot twists revolving around a kidnapping ploy that robs a devoted husband of his true love, while playing a game that prolongs her safety by correctly responding to the kidnapper’s riddles. One wrong answer means fatal consequences. As the pursuit to save his wife plunges Haim’s character deeper into a corrupt world, the greedy, deceptive and immoral motives become increasingly obvious; this is not just a random kidnapping for money, this is deadly personal.

The Movie, American Sunset, is NOW AVAILABLE in DVD and Blu-ray for distribution worldwide on the film’s Official website: www.AmericanSunsetTheMovie.com. Please visit the site and view the trailer.

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 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 Visit us at WWW.GLOBALUNIVERSAL.COM or contact the company by email at: contact@globaluniversal.com; or by fax at (818) 827-0090

Los Angeles, CA – (World Stock Wire) – August 30, 2010, Global Entertainment Holdings, Inc. (OTCQB: GBHL), is pleased to announce that Jeffrey Bowler, an award winning producer/executive, has joined the Global Universal management team.  Mr. Bowler will serve as consultant to the Company in charge of building our U.S. production company, Global Universal Entertainment.

GBHL’s CEO, Gary Rasmussen, stated that “Jeff Bowler will drive the day-to-day business of Global Universal Entertainment and expand upon our already successful film business by developing film and television opportunities, as well as building an ‘in-house’ sales team.”

Mr. Bowler was the co-founder of the highly successful film and TV production company Insomnia Media Group, which had a housekeeping deal at MTV and Paramount, as well as a first look deal at Fox TV Studios.  Mr. Bowler recently produced the thriller “Across The Hall”, starring the late Brittany Murphy and “The Grand”, featuring Woody Harreslon and Ray Romano.

Prior to his tenure at Insomnia, Mr. Bowler was a top executive at World Wrestling Entertainment, Inc. (NYSE: WWE), an integrated media organization and recognized leader in global entertainment. Prior to WWE, he served as an executive with Bandai Entertainment (The Power Rangers), a subsidiary of Namco Bandai Holdings (USA) Inc., the premier distributor of Japanese animation on DVD and programming for television broadcast in North America.

“The immediate goal is to establish a footprint in the television world for Global Universal and in concert expand the feature film business in the United States with a focus on films in the $5 Million to $15 Million range, starring ‘A-List’ actors.  The next phase of building our U.S. operations will be starting or acquiring a foreign sales division that will aggressively pre-sell, market and sell the films produced ‘in-house’ to help reduce our capital exposure in producing the films”, commented Jeffrey Bowler.

About GBHL & Global Universal

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

GBHL is focused on the financing and marketing of these feature-length films.  GBHL, through another wholly owned subsidiary, You’ve Got The Part, Inc. (www.YouveGotThePart.com), will attempt to capitalize on the current popularity of Hollywood and reality based programming by casting various film roles online.  Anyone with access to a digital camera or cell phone will soon be able to submit their audition for a role in an upcoming film.

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

URL: WWW.GLOBALUNIVERSAL.COM

Gary Rasmussen, CEO

Global Entertainment Holdings, Inc.

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

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.

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

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

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

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

About GBHL & Global Universal

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

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

Coverage of GBHL’s common stock has been initiated by “The Wall Street Corner” (www.wallstreetcorner.com/daily.html).  Further information on the Company and/or its publicly traded stock can be obtained from Worldwide Financial Solutions at: wfsolutions@gmail.com, (765) 780-0915; or, directly from the Company at: contact@globaluniversal.com.

Safe Harbor: Pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, and within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Exchange Act of 1934, any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals and assumptions of future events or performance are not statements of historical fact and may be “forward-looking statements.” Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this release may be identified through the use of words such as “expects,” “will,” “anticipates,” “estimates,” “believes,” or statements indicating certain actions such as “may,” “could,” “Hopefully” or “might” occur.  Such statements reflect the current views of GBHL and its affiliated companies with respect to future events and are subject to certain assumptions, including those described in this release. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance and commercial appeal of its feature-length films, its film production services, competitive market conditions in the motion picture industry (both in the US and foreign markets), successful sale of the rights to film content produced, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. Neither Global Entertainment Holdings, nor its affiliate or subsidiary companies undertake any responsibility to update the “forward-looking” statements contained in this news release.

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

Phone:   877-807-8880

Fax:      818-827-0090

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

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

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

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

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

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

About GBHL & Global Universal

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

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

Coverage of GBHL’s common stock has been initiated by “The Wall Street Corner” (www.wallstreetcorner.com/daily.html). Further information on the Company and/or its publicly traded stock can be obtained from Worldwide Financial Solutions at: wfsolutions@gmail.com, (765) 780-0915; or, directly from the Company at: contact@globaluniversal.com.

Safe Harbor: Pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, and within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Exchange Act of 1934, any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals and assumptions of future events or performance are not statements of historical fact and may be “forward-looking statements.” Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this release may be identified through the use of words such as “expects,” “will,” “anticipates,” “estimates,” “believes,” or statements indicating certain actions such as “may,” “could,” “Hopefully” or “might” occur. Such statements reflect the current views of GBHL and its affiliated companies with respect to future events and are subject to certain assumptions, including those described in this release. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance and commercial appeal of its feature-length films, its film production services, competitive market conditions in the motion picture industry (both in the US and foreign markets), successful sale of the rights to film content produced, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. Neither Global Entertainment Holdings, nor its affiliate or subsidiary companies undertake any responsibility to update the “forward-looking” statements contained in this news release.

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

Phone: 877-807-8880

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

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

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

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

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

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

About GBHL & Global Universal

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

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

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

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

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

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

About GBHL & Global Universal

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

GBHL is focused on the financing and marketing of these feature-length films. GBHL, through another wholly owned subsidiary, You’ve Got The Part, Inc. (www.YouveGotThePart.com), will attempt to capitalize on the current popularity of Hollywood and reality based programming by casting various film roles online. Anyone with access to a digital camera or cell phone will soon be able to submit their audition for a role in an upcoming film.

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

URL: WWW.GLOBALUNIVERSAL.COM

Safe Harbor: Pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, and within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Exchange Act of 1934, any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals and assumptions of future events or performance are not statements of historical fact and may be “forward-looking statements.” Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this release may be identified through the use of words such as “expects,” “will,” “anticipates,” “estimates,” “believes,” or statements indicating certain actions such as “may,” “could,” or “might” occur. Such statements reflect the current views of GBHL and its affiliated companies with respect to future events and are subject to certain assumptions, including those described in this release. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance and commercial appeal of its feature-length films, its film production services, competitive market conditions in the motion picture industry (both in the US and foreign markets), successful sale of the rights to film content produced, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. Neither Global Entertainment Holdings, nor its affiliate or subsidiary companies undertakes any responsibility to update the “forward-looking” statements contained in this news release.

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

Phone: 877-807-8880 

GBHL CEO, Gary Rasmussen, stated “Our unique financing strategy coupled with an experienced production team has certainly been proved to be a winning combination. Three major motion pictures financed and completed in just over twelve months in this uncertain economy speaks volumes as to our development strategy. Our first two pictures, Blue Seduction starring Billy Zane and Estella Warren and American Sunset starring Corey Haim have been successful and we expect continued success and profitability with the Murder/Horror thriller Plaster Rock.

Global Universal Pictures, an affiliated GBHL company, is engaged in the production of high quality, genre pictures with recognizable name talent. Jackelyn Giroux, President of Global Universal Pictures and the writer, producer and director of the movie said “Filming Plaster Rock in the wilderness at the New Brunswick location where the actual events of the true story took place adds to the “magic” we believe the audience will experience when they see this entertaining thriller.”

Adding to the excitement of filming the entire production around the remote Tobique River is the variety of talent starring in Plaster Rock. Lead actress in the film playing the former Miss America beauty Michelle is Jessica Holt. Fresh off her success starring in the award winning short film, A Dark Radius, Ms. Holt is a leading lady of many talents. A successful script writer, she is “at home” on both sides of the camera. Jessica is a skilled carpenter and experienced in the art and props departments. Skilled in special effects she is also a “Gun Wrangler” (set firearm specialist).

Christine Johnson starring as the vivacious Roxy also brought many talents to the Plaster Rock set. Christine is not only an accomplished actress she is a singer/songwriter, model and trained dancer in hip hop, jazz, modern and ballet. Fluent in English and French, she is one of many New Brunswick natives appearing in Plaster Rock.

Global Entertainment Holdings, Inc. is a publicly-held, entertainment company traded on the OTC Bulletin Board under the symbol: GBHL; website: www.Global-GBHL.com. The Company’s goal is building a worldwide entertainment organization with a multitude of domestic and foreign production affiliates. GBHL, through its wholly owned subsidiary, Global Universal Film Group, Inc. (www.GlobalUniversal.com), and its affiliated Canadian subsidiary, Global Universal Pictures, is in the process of developing and producing a slate motion pictures that will be produced in the U.S. and in Canada with recognizable star names, for worldwide release. Information on its recently completed film can be found at: www.AmericanSunsetTheMovie.com. GBHL is focused on the financing and marketing of these feature-length films. GBHL, through another wholly owned subsidiary, You’ve Got The Part, Inc. (www.YouveGotThePart.com), will attempt to capitalize on the current popularity of Hollywood and reality based programming by casting small roles online that anyone with a digital camera can apply for.

Further information on the Company and/or its publicly traded stock can be obtained by contacting Worldwide Financial Solutions at wfsolutions@gmail.com; (765) 780-0915; or, contact the company directly at: contact@globaluniversal.com; facsimile: (818) 827-0090;

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.

URL: WWW.GLOBALUNIVERSAL.COM.
Global Entertainment Holdings, Inc.
Global Renaissance Funding, LLC.
Global Universal Film Group, Inc.
At Raleigh Studios
650 N. Bronson Avenue, Suite B-116
Los Angeles, CA 90004 USA
Phone: 323-521-6000

Gary Rasmussen, CEO
Global Entertainment Holdings
650 N. Bronson
Los Angeles, CA 90004
USA

Phone: 877-807-8880