Los Angeles, CA – (WORLD STOCK WIRE) – December 22, 2009 — Global Entertainment Holdings, Inc. a publicly traded entertainment Company (OTCBB: GBHL), and Global Universal Pictures, a partially owned subsidiary of GBHL, announced production completion of their third feature-length, motion picture for 2009, Plaster Rock.

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