(EMAILWIRE.COM, February 07, 2010 ) Oklahoma City, OK - Global Entertainment Holdings, Inc., a publicly-traded Company on the OTC, Symbol: GBHL, is engaged in the production of low-budget, high quality, genre pictures with recognizable name talent. Global Entertainment Holdings employs a financing strategy designed to significantly mitigate investment risk utilizing tax incentives, distribution advances and/or pre-sales, gap financing, economies of scale inherent in back-to-back film production and deferment of our production fees.
GBHL, the Parent Company, generates revenues through its subsidiary operations. U.S. operations are handled through two, wholly-owned subsidiaries: Global Universal Entertainment (GUE) is engaged in U.S. film production, and Global Universal Film Group (GUFG) manages distribution and sales representation of films worldwide for content produced by the subsidiaries, as well as by other filmmakers. Canadian film production operations are handled by Global Universal Pictures (GUP), a 30% owned affiliate of the company.
Global Entertainment Holdings, Inc. four part structure:
~ Global Universal Entertainment US Productions
~ Global Universal Pictures Canadian Productions
~ Global Universal Film Group Sales and Distribution
~ Global Universal Film Partners Financing
Global UniversalÂ’s CEO, Gary Rasmussen, has a long and extensive history of successfully organizing and developing companies in several different industries, including ventures in the motion picture business.
Global Universal Stars
Daniel Crown, the former chief executive of Crown theaters, stated recently, “If you can find the right film executives, people who consider themselves fiduciaries more than producers, it’s one of the best bets you can make right now.” In this regard, Global Universal’s Management Team is comprised of that “perfect blend” of film entrepreneurs, movie business executives and “hands-on” film producers. The Presidents of the Canadian and the U.S. production subsidiaries, Jackie Giroux and Peter Liapis respectively, have a lifetime of knowledge, tenacity and experience in writing, developing, producing and distributing motion pictures and television content.
What is Global Universal looking for?
Global Universal is looking for investors who will not only share in the dream of making feature films, but also share in the understanding of the “business” side of the ledger and be able to appreciate the financing strategy employed by Global Universal to significantly mitigate risk, while at the same time providing unlimited upside opportunity that can be realized in the film business. A film has a revenue generating “life span” which can become a source of ongoing financial worth to the company and its shareholders. In fact, if managed properly, it can generate income for the Company almost indefinitely.
In Summary...
As a publicly traded Company, Global Universal is totally “transparent” in their reporting responsibilities, which govern its financial and operating activities.
The Global Universal Management Team has a lifetime of experience in producing quality films with a reputation for honesty and integrity.
The Global Universal Management Team combines the ability to produce quality films with their understanding of the fiduciary responsibility they have to their investors and shareholders, and are therefore relentless in carrying out their mission of protecting the CompanyÂ’s financial investments by focusing on reducing risk and maximizing profitability.
The Global Universal financing strategy is “low risk”, supported by government incentives, as well as partially funded by well-known film distribution partners.
Global Entertainment Holdings, Inc. is a public Company trading on the OTC symbol "GBHL".
Global Entertainment Holdings currently has approximately 24 million shares of common stock issued and outstanding, of which approximately 21 million shares are “restricted” securities, 1 million shares are “unrestricted” (in certificate form) and 2 million shares are “free trading” (float shares).
Global Entertainment Holdings also has 3.9 million shares of Series “B” preferred stock, convertible one-for-one into common stock and 6.5 million shares of Series “C” convertible, as a whole class, into 60% of the total number of outstanding shares of common stock calculated immediately after conversion.
What is Global Universal looking for?
Global Universal is looking for investors who will not only share in the dream of making feature films, but also share in the understanding of the “business” side of the ledger and be able to appreciate the financing strategy employed by Global Universal to significantly mitigate risk, while at the same time providing unlimited upside opportunity that can be realized in the film business. A film has a revenue generating “life span” which can become a source of ongoing financial worth to the company and its shareholders. In fact, if managed properly, it can generate income for the Company almost indefinitely.
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.
