Los Angeles, CA – (05/09/13) – Global Entertainment Holdings, Inc. (OTC: GBHL) announced today that its sales and distribution subsidiary, Global Universal Film Group, today announced that it has just completed a distribution arrangement with Osirius Entertainment for the domestic release of “The Hostage Game”.
“The Hostage Game” stars the late Corey Haim and Frank Molina. Haim, achieved notoriety previously having appeared in Joel Schumacher’s successful feature picture, “The Lost Boys”, and is well known to TV audiences for numerous series and TV movie appearances. He was also at one time named one of the “Top 100 Greatest Kid Stars” by VH1. Haim died unexpectedly at the age of 37, shortly after production of “The Hostage Game” was completed. Director Michael Masucci had praised Haim’s work on the set, stating “Corey was always prepared and a pleasure to work with for myself, the crew, and his fellow actors.” The producer of “The Hostage Game”, Jackie Giroux, called Haim “a consummate professional who elevated what might otherwise be seen as a ‘formula’ picture”.
“The Hostage Game” is an action packed fictional tale of one man’s fight and save his wife in 24 hours, from a demonic killer who leaves a series of clues in a game of kidnapping and intrigue. It was featured at the Louisville Film Festival. Distributor Osirius Entertainment expects “significant business from this well crafted picture especially with Corey’s, still adoring built-in fan base.”
According to Gary Rasmussen, CEO of Global Entertainment Holdings, “This new relationship with Osirius Entertainment adds significant additional distribution channels to our sales and distribution network.”
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.