“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

On May 6th thru May 13^th, Grand Cinema 3 Theatres (http://www.grandcinema3.com), and  Radio Station CIKX K93 FM (>http://www.k93.ca/promos/?p=1085), both of Grand Falls, New Brunswick, Canada, will sponsor and Exclusive Screening of Global Universal Pictures’ Feature Production of “Plaster Rock – Terror on the Tobique.”

On May 6^th, K93 will host a private screening for the lucky winners of their contest. K93 is giving away 93 pairs of tickets to view this brand new feature film at the Grand Cinema 3. This first time exclusive screening of “Plaster Rock – Terror on the Tobique” will have the Cast and Crew on hand for a “Red Carpet” event where the lucky contest winners will “Meet & Greet” the Stars of the film!

On Friday, May 7th, tickets will be sold to the public for an Exclusive Showing of “Plaster Rock – Terror on the Tobique“, where theater goers will have a chance to attend a second ”Red Carpet” event and “Meet & Greet” the Stars of the film! All show times, dates and ticket prices will soon be available on the Grand Cinema 3 website: http://www.grandcinema3.com.

”This may well be your only chance to have a slice of Hollywood in your own back yard!”, commented Jackie Giroux, writer and director of the film. Among other cast & crew in attendance will be co-producer Benoit Martin, the amazing young Director of Photography Jesse Anthony, Actors Lalesha Railsback (Mondavi Gang daughter of famed actor Steve Railsback), Christine Johnson (Beautiful, SINGER from Moncton), Frank Molina (American Sunset), Eric A. Leffler,(Currently Starring in “Lbs” in New York City), Michael Massuci (Director of American Sunset) and Jason Nicholson (Fredericton actor, American Sunset) and Master Illusionist, Peter Loughran one of the lead actors in the film.

FOR A TASTE OF A TRUE AND EXCLUSIVE HOLLYWOOD RED CARPET EVENT, THIS IS NOT TO BE MISSED!!!!

“Plaster Rock – Terror On the Tobique” was filmed in Riley Brook, NB, in December 2009.  It is the latest completed production by Global Universal Pictures. In New Brunswick (“Blue Seduction”, starring Billy Zane and Estella Warren and also “American Sunset“, starring Corey Haim, Frank Molina, Angela Cullins and Bernard Robichaud ). Currently in post-production is another thriller-horror called “The Night“, produced by Jackie Giroux and directed by Shari Hamrick.

“Plaster Rock – Terror on the Tobique” (http://www.PlasterRockMovie.com) for trailers, interviews, video clips, events & more……..

The story of Plaster Rock begins as a test of athletic prowess becomes a quest for discovery just to stay alive!  Four young men and women are boated into a hunting lodge in the wilds of northern New Brunswick to partake in a cross country ski race, which the winner expects to reap a cash prize of $250,000.

Each contestant is a former athlete or high-profile celebrity who has already received $20,000 for their time just to travel and enter the race in the desolate area. 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!

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.

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.

For further information regarding this event, please contact Jim Lavoie, Director of Publicity for Global Universal Pictures, Inc. at “JimLavoie@rogers.com.”

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.

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

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