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

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

Jackelyn Giroux, President of Global Pictures, stated “We are excited to be presenting the exclusive release of AMERICAN SUNSET, starring Corey Haim and Frank Molina, at our red carpet world premiere at the Santa Monica Laemmle Theatre on November 9th at 7 30 PM, with both actors attending and signing autographs. A private party with many of Haim’s exclusive fans is planned afterwards. In addition, AMERICAN SUNSET will have two buyer screenings at the Loews Screening Room on Saturday, Nov 7th at 11 AM, and again on Sunday Nov. 8th at 1 PM.”

Another film produced by Global Pictures, BLUE SEDUCTION, starring Billy Zane and Estella Warren, also will have a limited showing at the AFM market.

Global CEO, Gary Rasmussen, commented that, “In addition to AMERICAN SUNSET, Global Films will be representing Freelance Filmworks’ award winning film, ROUNDS, starring Mark Atienza, and Billy Drago and featuring James Handy. ROUNDS won “Best Drama”, “Best Screenplay” and “Best Actor” (Mark Atienza) at the 29th Annual Breckinridge Festival of Film 2009, and will be shown to buyers at the Global Universal offices at AFM in Room 220 at the Lowes Hotel.

Ms. Giroux further added, “Global Pictures and Global Films, our film sales subsidiary, will have four exclusive films from New Brunswick, Canada: COO COO CAFÉ, co-starring Barbara Carrera and Wayne Rogers, LAKE FRONT, directed by Doug Sutherland, WOMEN WITHOUT WINGS, winner of the Silver Remi Award, Houston Worldfest, and THE BAKE UP MAN, starring Isabelle Cyr.”

Global Universal has recently finalized financing on their third film this year, PLASTER ROCK, about a group of murders which took place in a hunting lodge fifteen years ago. The new film will be produced in Canada by Jackelyn Giroux, president of Global Pictures.

Global Entertainment Holdings, Inc. is a public Company, traded on the “OTC” under the symbol, GBHL. The Company goal is building a global entertainment organization. GBHL, through its wholly owned subsidiary, Global Universal Film Group, Inc. (http://www.globaluniversal.com), and its partially-owned Canadian subsidiary Global Universal Pictures, is in the process of developing and producing a slate of six to eight motion pictures. GBHL is focused on the financing and production of feature-length films, with recognizable names, for worldwide release. GBHL, through another wholly owned subsidiary, You’ve Got The Part, Inc. http://www.youvegotthepart.com, will attempt to capitalize on the current popularity of Hollywood and reality based programming. 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 by contacting the company at: contact@globaluniversal.com or (877) 807-8880. URL: WWW.GLOBALUNIVERSAL.COM

SOURCE: Global Universal Film Group, Inc., a wholly-owned subsidiary of
Global Entertainment Holdings, Inc. (OTC: GBHL)

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

Phone: 877-807-8880