(EMAILWIRE.COM, June 15, 2010 ) Monday June 14, 2010, 12:00PM (EST)
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Global Entertainment Holdings Announces A Fall, 2010 Production Date For Their 5th Major Motion Picture-Seeing Things
Los Angeles, June 14, 2010
LOS ANGELES--Global Entertainment Holdings, Inc., a publicly traded entertainment Company (OTC: GBHL), announced that together with the CompanyÂ’s wholly owned subsidiary Global Universal Film Group, Inc. (Global Films) the acquisition of the production and distribution rights to the screenplay of the Murder/Horror thriller- Seeing Things.
GBHL President, CEO and Co-Producer, Gary Rasmussen said “We are very excited about acquiring the rights to our next feature length film and plans are to begin production this fall in Michigan.” “As with our past four motion pictures, we will have named talent both in front of and behind the camera. John Huckert will direct and John Matkowsky will be the director of photography.”
Mr. Rasmussen further stated, “Our unique financing strategy coupled with mitigating investor risk has certainly been proven correct. Four major motion pictures financed and completed in just eighteen 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, just presented at the Cannes film festival, starring Corey Haim in his last film before his untimely death have been successful. The strong interest in our Murder/Horror thriller Plaster Rock has shown us that this genre is desired by a large segment of the movie-going population.” “I won’t give away too much of the movie but Seeing Things is based on actual happenings over the last 18 years.”
The state of Michigan has made available tax credits which will underwrite a significant portion of the cost of the production of Seeing Things. GBHLÂ’s first four motion pictures were produced in Canada using the same tax credit financing strategy.
The GBHL website www.globaluniversal.com, reviews in detail the use of tax credits and how this financing strategy mitigates investor risk, the management of the parent Company and its subsidiaries, GBHL past films, distribution and production partners of GBHL, the soon to be available Film Fund 1 that will finance a future slate of GBHL major motion pictures and the publicly traded stock of the Company.
Coverage of GBHL’s common stock has been initiated by “The Wall Street Corner” (www.wallstreetcorner.com/daily.html).
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.
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;
URL: WWW.GLOBALUNIVERSAL.COM.
Gary Rasmussen, CEO
Global Entertainment Holdings
650 N. Bronson
Los Angeles, CA 90004
USA
Phone: 877-807-8880
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