Global Universal in Confabs With Zucker on New Comedy Films

Global Universal in Confabs With Zucker on New Comedy Films

LOS ANGELES, Aug. 31, 2011 /PRNewswire/ -- Global Entertainment Holdings (OTCBB: GBHL) announced today that Global Universal Entertainment, its wholly-owned U.S. production subsidiary, is negotiating with David Zucker Entertainment (DZE) to secure production financing for a new trilogy of feature pictures that will be produced with David Zucker as the writer and director.

Zucker is well known as the creator, writer/director (along with Jerry Zucker and Jim Abrahams) of the extraordinarily successful motion picture "Airplane". He then went on to write and direct the hit movies "Naked Gun: The Smell of Fear" and "Naked Gun 2 1/2 ...", while writing the last of the trilogy, "Naked Gun 33 1/3...", all of which starred the late Leslie Nielsen, as the uproarious deadpan detective, Frank Drebin, along with dozens of other well known actors and actresses. The Naked Gun franchise alone generated an estimated $500 million in gross revenue!

Following this blue print for success, DZE's next series of pictures will employ the same audience pleasing, parody comedy, style against the theme and backdrop of the Secret Service, espionage, and international spies, utilizing many of Hollywood's top stars in a variety of roles.

Dan Sherkow, COO of Global Universal Entertainment commented, "While growing up together as childhood friends in Milwaukee, David Zucker and I spoke of one day working together and now I believe that time has come with the pending collaboration between DZE and GBHL."

Gary Rasmussen, CEO of Global Entertainment Holdings, stated "In these stressful days of world tragedy and economic recession, I feel Zucker's style of comedy will be a big winner for audiences worldwide to help them escape from their daily worries." Rasmussen continued, "David Zucker has become a global brand in his own right and is one of Hollywood's most profitable filmmakers, having generated over $2 billion in gross revenue from such iconic, worldwide hits as Airplane!, The Naked Gun franchise, the record breaking Scary Movie 3 and 4, as well as a dozen others. A "Zucker comedy" resonates to millions of fans worldwide; "The Secret Secret Service" is expected to reach out to millions more."

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 U.S. 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.

SOURCE Global Entertainment Holdings, Inc.

Global Entertainment Holdings, Inc.

Web Site: http://www.global-gbhl.com

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