SOURCE: Global Entertainment Holdings/Equities Inc.

March 23, 2007 11:03 ET

David McGuire to Serve as President of High Definition Development and Financial Public Relations

LOS ANGELES, CA -- (MARKET WIRE) -- March 23, 2007 -- Global Entertainment Holdings/Equities Inc. (OTCBB: GAMT) Announced Signed Agreement with David McGuire to serve as President of High Definition Development and Financial Public Relations.

Global Entertainment Holdings/Equities Inc. (OTCBB: GAMT) will use the public vehicle to execute acquisition of both Production Companies and Film Libraries. Bayshore Media Group ("Bayshore," "Bayshore Media" or "the Company") which is a wholly owned subsidiary of Global Entertainment Holdings/Equities, Inc. Bayshore was founded in 2004 to become a leading international content developer and distributor. In November of 2004, the Company acquired full right and title to 14 never-released full length feature films ("Bayshore Films"). Bayshore Films is a diverse group of film titles covering all genres -- action, comedy, drama, horror, and romance. Global's long-term goal is to further develop a premiere media company that creates award-winning motion pictures, television and all mediums of broadcast.

David McGuire, CEO of McGuire Consulting Services, Inc. ("MCS"), a Los Angeles-based financial public relations and strategic planning firm. Mr. McGuire establishes the gamut for strategic Business Development and public recognition by implementing fully integrated global communications strategies. Mr. McGuire has managed over 100 public company accounts for SEC reporting conversion processing and press release dissemination. Accounts represented in the comparable sector include: Genius Products, a Weinstein company -- publicly traded on OTCBB, Gener8xion Entertainment -- publicly traded on OTCBB, True Religion Apparel Inc. -- publicly traded on NASDAQ, New Medium Enterprises, Inc. -- publicly traded on OTCBB and American Idol Online/Fluid Media Networks, Inc.

Mr. McGuire recently packaged the American Idol Online/Fluid Media Networks ( RTO and will look to have the company up and trading in approximately 60 days, the reverse merger was completed February 2007. Mr. McGuire was recently responsible for launching the Versatile MultiLayer Disc ("VMD") for New Medium Enterprises, Inc. -- a proprietary high definition DVD player and technology in the US providing a High Definition solution utilizing today's red laser DVD technology and its industrial infrastructure.

As President of HD Development and Financial Public Relations, Mr. McGuire will oversee High Definition implementation into all production areas: Acquisition, Development and Financial Public Relations. Mr. McGuire will implement new strategies in exploitation of film (OTCBB: GAMT) for current/future projects and will head up the following: (1) Domestic/International theatrical, cable and television release of current film library -- approximately 14 owned feature films (2) Acquire/license current film libraries worldwide (3) Development of content for major studios, satellite and cable companies (4) pre/post production development for new upcoming movies and (5) high definition technology incorporation into pre/post production and delivery stages of content.

"I am delighted to have been appointed by (OTCBB: GAMT) as Vice President and to work with David Dadon. I would like to thank the Board and Shareholders of (OTCBB: GAMT) for this tremendous opportunity," said David McGuire.

"The rise of independently financed films has allowed the majors to fill their pipelines with low- to mid-budget flicks without risking much upfront capital and now Hollywood has figured out another way to share expenses: Partner with a new kind of finance company that pools money from pensions, private equity firms, and hedge funds that are flush with cash. Even the most jaded Tinseltown types have to admit that the new moneymen have made a mark and as long as they create hits -- and make the film business less risky for the majors -- those kids, to paraphrase studio executive Robert Evans, will get to stay in the picture.

"Reaching current and future channels is difficult for independent production companies who do not have reasonable volume of product. Global/Bayshore has already a library of fourteen films. Over the next twelve months I will look to acquire independent pre/post production/distribution companies/facilities, implement high definition technology into pre/post production stages and implement new strategy in extending the shelf life of a feature film -- maximizing revenue potential. I will be meeting with Robert Evans (Paramount Pictures) upcoming regarding possible alliances and co-productions. I also will be traveling to Dubai in the next week to meet with the Film Commissioner of Dubai and Investors to discuss upcoming projects," said David McGuire.

Key Executives:
David Dadon, Chairman
Jacob Dadon, CEO, COO and President
Lydia Dadon, CFO and Secretary
Melissa Wilson, Head of Investor Relations
David McGuire, Vice President of HD Development & Financial Public
Market Cap: 74,301,240.09 Outstanding Shares: 225,155,273
Outstanding Shares 144 approximately: 223,955,273 restricted
Insiders control approximately 99% of restricted shares
Lockup Agreement 12 months approximately: 1,200,000
Public Float approximately 1,500,000 free trading
Global Entertainment Holdings/Equities, Inc., Miami
For further financial information, please visit, or Frankfurt:

Safe Harbor Statement:

This press release contains forward-looking statements that may be subject to various risks and uncertainties. Such forward-looking statements are made pursuant to the "safe harbor" provisions of the Private securities Litigation Reform Act of 1995 and are made based on management's current expectations or beliefs as well as assumptions made by, and information currently available to, management. These forward-looking statements which may include statements regarding our future financial performance or results of operations, including expected revenue growth, cash flow growth, future expenses, future operating margins and other future or expected performance, are subject to the following risks: the acquisition of businesses or the launch of new lines of business, which could increase operating expenses and dilute operating margins; the inability to license or distribute our film library competition; and to the general risks associated with our businesses.

In addition to the risks and uncertainties discussed above you can find additional information concerning risks and uncertainties that would cause actual results to differ materially from those projected or suggested in the forward-looking statements in the reports that we have filed with the Securities and Exchange Commission. The forward-looking statements contained in this press release represent our judgment as of the date of this release and you should not unduly rely on such statements. Unless otherwise required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise after the date of this press release. In light of these risks and uncertainties, the forward-looking events and circumstances discussed in the filing may not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statement.

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