"The Hostage Game" Gets September Release

Online, August 21, 2013 (Newswire.com) - Global Entertainment Holdings, Inc. (OTC: GBHL) announced today that "The Hostage Game" will be released domestically on September 10, 2013 by Osiris Entertainment.

"The Hostage Game" is an action-packed thriller that stars the late Corey Haim, Frank Molina (Red Passport) and Bernard Robichaud (Trailer Park Boys).

The producer of "The Hostage Game", Jackie Giroux, stated that Corey was "a consummate professional who elevated what might otherwise be seen as a 'formula' picture". Haim achieved initial fame in the late 80's after appearing in Joel Schumacher's successful feature picture "The Lost Boys", and was well known to TV audiences for numerous series (The Two Coreys) and various TV movie appearances. He was also named one of the "Top 100 Greatest Kid Stars" by VH1. Haim died unexpectedly at the age of 38, shortly after production of "The Hostage Game" was completed.

Evan Crooke, CEO of Osiris Entertainment, commented, "Osiris Entertainment is extremely proud to bring Corey Haim's best performance to his fans." Osiris expects "significant business from this wellcrafted picture, especially with Corey's still adoring fan base."

According to Gary Rasmussen, CEO of Global Entertainment Holdings, "This new relationship with Osiris Entertainment adds significant distribution strength to our domestic sales and is expected to produce a source of ongoing income for our company." This film wasn't able to get the domestic market push it deserved until now, due to the state of the U.S. economy. Global Entertainment plans to commence foreign sales efforts for "The Hostage Game" after it's domestic release on September 10th.

For more information, please visit us at: www.Global-GBHL.com, or contact the Company by email at:
contact@globaluniversal.com.

About Global Entertainment Holdings, Inc. (OTC: GBHL) Global Entertainment is a publicly-held, entertainment and media holding company. The Company's goal is to build a worldwide diversified 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 Canadian affiliate, Global Universal Pictures, is focused on the development and production of motion pictures employing recognizable-named talent, for worldwide release. GBHL, through another wholly owned subsidiary, You've Got The Part, Inc. (www.youvegotthepart.com), plans to capitalize on the current popularity of Hollywood and reality based programming by casting small roles online, in a Hollywood feature film, that anyone with access to a digital camera can apply for. Recently announced joint ventures in the areas of film tech-education and urban youth apparel further GBHL's corporate goals.

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 within.

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