SOURCE: Global Entertainment Holdings/Equities Inc.

February 20, 2007 06:09 ET

Global Entertainment Holdings/Equities Inc.

About Global:

MIAMI, FL -- (MARKET WIRE) -- February 20, 2007 -- Global Entertainment Holdings/Equities Inc. ("Global" or the "Company") (OTCBB: GAMT) (FRANKFURT: G8E1), a publicly traded, vertically integrated media company and independent producer and distribution of motion picture, video and television entertainment. Market Cap 129,515,208

12/31/2006 Current Assets $58,594,967.00 Cash in Bank $1,451,955.92

Total Liabilities $1,132,369.00 Total Equities $58,914,553.00 of 12/31/2006

INTRODUCTION AND BACKGROUND:

Global Entertainment Holdings/Equities, Inc. is a Colorado Corporation founded in 1997.

Global did a share exchange with Bayshore Media Group and was completed on October 3, 2006. Bayshore Media Group in November 2004, the Company acquired full right and title to all intellectual property associated with the 14 Bayshore Films from Giants Entertainment, a Nevada Corporation, a company with related ownership to Bayshore Media Group, a Nevada Corporation.

GLOBAL is an independent producer and distributor of motion picture, video and television entertainment. As an independent producer, Global is not tied to any of the major motion picture studios, and instead works outside the studio system using funding from private investors to create unique entertainment properties.

GLOBAL's shares listed for trading on the National Association of Securities Dealers NASD OTCBB: GAMT. The Company intends to secure funding of up to $30.0 million to implement the Company's business plan. Initial Film Properties.

GLOBAL currently owns full right and title to 14 full length feature films. As the Global films are market ready, the Company is projecting revenues of $21.0 million and earnings before taxes of $7.4 million in its first year of operations. The Global films are a diverse group of film titles covering all genres -- action, comedy, drama, horror, and romance. The Company intends to release each of the Global films domestically and internationally in 2007. The Company was founded by a group of individuals with over 20 years of experience in the entertainment and motion picture industry. The core management team, board of directors and advisors are experienced in producing and distributing entertainment properties worldwide.

MARKET OPPORTUNITY

The Global management is experienced in international film distribution and has a network of contacts which can be leveraged into agreements. In 2007, worldwide admissions increased 11% to 9.6 billion. After a sharp rise in box office receipts from 2000 - 2002, the growth in U.S. Box office has been steady. International markets have become increasingly important for theatrical releases, in 2004, international markets accounted for 62.2% of total revenues up from 50.5% in 2001. Satellite and cable television licensing are large and continuously developing markets. The launch of digital cable in 1997 combined with affordability of digital satellite services has resulted in the number of channels increasing from 202 in 1998 to 324 in 2007.

PLANS FOR GROWTH

The 14 Global films provide the Company with a solid foundation upon which to build a global entertainment company. Through leveraging the experience of the management team and consultants, Global plans to develop strategic alliances in order to continue to develop and produce new motion pictures, television series and direct to TV / cable properties.

By way of organic growth and through strategic acquisitions, Global intends to build a vertically integrated media company. In the short term Global primary source of revenues will be from the license and distribution of the Global films domestically and internationally. Over the medium- to longer-term, the Company intends to acquire additional independent production and distribution firms, film libraries and build out or acquire production and post-production facilities in Canada and the United States.

Over the medium- to longer-term Global management intends to establish its own music label for the promotion of recording artists.

The Company also plans to increase brand awareness through direct sales of merchandise related to the Global films through retail chain stores and related media outlets. Merchandising is significant to Global, as it represents a future large percentage of the Company's revenue streams. Merchandise will be branded with the Company logo and with popular characters.

Research Coverage

www.bloomberg.com/apps/quote?ticker=gamt:US
www.bayshoremediagroup.com A subsidiary of Global Entertainment
www.globalentertainmentinc.com
www.globalentertainmentco.com
www.igwsoftware.com A subsidiary of Global Entertainment
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 Contact:

Market Cap: 129,515,208    Outstanding Shares: 199,254,167
Outstanding Shares 144: 195,441,008 restricted
Lockup Agreement 12 months:  1,091,640
Public Float approximately 1,500,000 free trading
Global Entertainment Holdings/Equities. Inc, Miami

For further financial information, please visit www.sec.gov, www.otcbb.com or Frankfurt: www.deutsche-boerse.com

Contact Information