SOURCE: Global Entertainment Holdings/Equities, Inc.

March 22, 2007 09:45 ET

Global Entertainment Holdings/Equities, Inc. Signs Agreement With David McGuire

LOS ANGELES, CA -- (MARKET WIRE) -- March 22, 2007 --

McGuire Consulting Services, Inc. ("MCS") is a Los Angeles-based financial public relations and strategic planning firm. MCS will establish the gamut for strategic business development and public recognition by implementing a fully integrated global communications strategy for Global Entertainment Holdings/Equities, Inc. (OTCBB: GAMT) (FRANKFURT: G8E1) specifically targeting the retail brokerage, institutional and investment banking communities.

David McGuire, the CEO of MCS, also serves as an account representative for Publicease, Inc. and has managed over 100 public company accounts for SEC reporting conversion processing and press release dissemination via leading firms nationwide. Accounts represented in the comparable sector include but are not limited to: 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.

David McGuire is also the Managing Partner and founder of Zurich Capital, LLC. Zurich Capital is a Los Angeles-based company that strategically advises clients on turnkey solutions for APO/IPO/RTO transactions to reach public market exchanges, meeting financial goals. Mr. McGuire recently packaged the American Idol Online/Fluid Media Networks ("FMN") reverse merger transaction which was completed February 2007. FMN is a developer of web-based solutions for the online interactive entertainment industry.

David McGuire strategically advised New Medium Enterprises, Inc. with regards to financial public relations and business development. New Medium Enterprises, Inc., headquartered in London, UK, developed and has begun manufacturing its flagship product, Versatile MultiLayer Disc ("VMD"), a proprietary high definition DVD which provides a High Definition solution utilizing today's red laser DVD technology and its industrial infrastructure. Mr. McGuire was directly responsible for launching New Medium Enterprise's VMD player in the U.S. by initiating their first purchase order for nearly 2 million dollars and has since continued to build ecommerce and retail strategy for New Medium Enterprises, Inc. in the U.S.

David McGuire, CEO of McGuire Consulting Services, Inc., stated, "(OTCBB: GAMT) (FRANKFURT: G8E1) fits the criteria I look for when selecting a new client company: (1) (OTCBB: GAMT) (FRANKFURT: G8E1) is in the entertainment sector; (2) the market for its products and services is vast and offers large gross profit margins; (3) (OTCBB: GAMT) (FRANKFURT: G8E1) has vast distribution capabilities globally; and (4) the Company is virtually invisible to Wall Street at this time and emerging."

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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