(EMAILWIRE.COM, February 08, 2010 ) Oklahoma City - GBHL.OB OTCBB : ItÂ’s A Wrap! Plaster Rock, Global Entertainment HoldingsÂ’ Third Feature Film of 2009, Completes Production
Global Entertainment Holdings, Inc. a publicly traded entertainment Company (OTCBB: GBHL), and Global Universal Pictures, a partially owned subsidiary of GBHL, announced production completion of their third feature-length, motion picture for 2009, Plaster Rock.
GBHL CEO, Gary Rasmussen, stated “Our unique financing strategy coupled with an experienced production team has certainly been proved to be a winning combination. Three major motion pictures financed and completed in just over twelve 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 starring Corey Haim have been successful and we expect continued success and profitability with the Murder/Horror thriller Plaster Rock.
Global Entertainment Holdings Commences Trading on the Bulletin Board
Global Entertainment Holdings, Inc. (“Global”), a publicly traded entertainment Company (OTCBB: GBHL), announced today that its common stock is now trading on the OTC Bulletin Board. The Company’s trading symbol has not been changed.
Global’s CEO, Gary Rasmussen, stated “The timing of our Bulletin Board status could not have been better for our Company. These past months have seen our business model move forward, dramatically, with the recent premiere of our second feature length film, American Sunset, starring Corey Haim and Frank Molina, at the American Film Market (AFM) in Los Angeles, CA, plus the highly anticipated release of our first feature length film, Blue Seduction, starring Billy Zane and Estella Warren just this past November. And, most exciting of all, GBHL entered into joint venture partnership with Arthur Wylie’s Global Renaissance Entertainment Group, which has exclusive film rights for the novels of acclaimed best-selling author, Omar Tyree.”
AMERICAN SUNSET WORLD PREMIERE THRILLS AUDIENCE
Global Entertainment Holdings, Inc. (OTC: GBHL), and its Canadian affiliate Global Universal Pictures, are pleased to report that AMERICAN SUNSET starring COREY HAIM and FRANK MOLINA, premiered last night during the American Film Market to a large crowd at the Monica Laemmle Theater in Santa Monica, California.
AMERICAN SUNSET, a thriller with twists and turns at every corner, grabbed the audience from the opening scene and kept them on the edge of their seats until the very end. The film marks the return of teen superstar Corey Haim, and was met with enthusiastic applause and a standing ovation.
"We always knew this film would play well to audiences on the big screen and last night confirmed our beliefs. I am thrilled with the audienceÂ’s response", commented Jackie Giroux, the filmÂ’s Writer/Producer.
Along with Haim and Molina, the red carpet event was attended by AMERICAN SUNSET co-stars Angela Cullins and Eric A. Leffler, as well as Writer/Producer Jackie Giroux, Executive Producers Gary Rasmussen & Eric A. Leffler and Director Michael Masucci.
Global Entertainment Holdings & Arthur Wylie Announce Joint Venture In Film Fund
Global Entertainment Holdings, Inc. (“Global”), a publicly traded entertainment Company (OTC: GBHL), and Charlotte, North Carolina’s Arthur Wylie, CEO, of Arthur Wylie Enterprises (AWE), announced that they have formed Global Renaissance Funding, LLC. (GRF), a joint venture company that will finance, market and partially own a slate of feature-length motion pictures (a Film Fund).
Global, operating through its production subsidiary companies, and WylieÂ’s Global Renaissance Entertainment Group, Inc. (GREG), will produce the motion pictures funded by the new Film Fund. Wylie, a highly successful business investor in film, real estate, and financial service companies, is committed to raising the necessary capital for the Film Fund to finance a proposed slate of motion pictures with aggregate budgets in excess of $100 million.
GBHL CEO, Gary Rasmussen, stated “Joining forces with Arthur Wylie allows Global to partner with Wylie’s financial resources, as well as his film production and marketing companies (GREG), which plans to produce up to 13 mainstream films over the next 3 to 5 years will be distributed worldwide. We are thrilled with our new partnership.”
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Forward-Looking Statements - Safe Harbor:
Certain information discussed in this press release may constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties such as the Company's inability to accurately forecast its operating results; the Company's potential inability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with the Company's business. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
