SOURCE: Global Entertainment Holdings/Equities Inc.

February 06, 2007 06:00 ET

Global Entertainment Holdings/Equities Inc. Is Proud to Announce Its First Worldwide Release of the Feature Film "VERY MEAN MEN" at the Cannes Film Festival for May 2007 Featuring Two Academy

Award Winners -- Martin Landau and Louise Fletcher

MIAMI, FL -- (MARKET WIRE) -- February 6, 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, announced it will be releasing its first feature film worldwide -- "Very Mean Men" at the Cannes Film Festival in May 2007.

"VERY MEAN MEN" "One tip could save their lives"

"Clever" - LA Weekly "Inventive" - Daily Varity "Breathtaking" - Nordwest Zeitung

"One of the most original, exciting and offbeat films of the year" - by Rex Reed


In this quirky dark comedy, a bartender (Matthew Modine) tries to frighten a tip out of a cheap drunk (Academy Award-winner Martin Landau) by spinning a zany tale about two notorious crime families who go to war over a waitress being stiffed on her tip. Upon the culmination of the tale, the bartender looks the drunk squarely in the eyes and coldly states... "And all because of one lousy cheapskate." The frightened drunk nervously slides two dollars into the tip well and quickly exits. As the bartender victoriously snatches up his well-earned tip, the audience is left aghast when it is then revealed that they, like the drunk, also have been the victims of the bartender's yarn.

Global Entertainment presents a Baio/White production a Tony Vitale film. Starring Matthew Modine, Ben Gazzara, Charles Durning, Burt Young, Scott Baio, with Louise Fletcher and Martin Landau, Casting by Cathy Henderson, Costume Designer Ann Lambert, Music by Ennio Di Berardo, Production Designer Ladislav Wilheim, Edited by Gregory Hobson, Director of Photography Alex Vendler, Associate Producer Scott Baio, Line Producer John Duffy, Executive Producers Lydia Dadon, Jacob Dadon, Produced by David Dadon, Steven Baio, Neil P. White, Screenplay by Paul T. Murray, Directed by Tony Vitale.

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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