Taglich Brothers Initiates Coverage on Global Entertainment Corp.

NEW YORK, NY -- (MARKET WIRE) -- February 20, 2007 -- Taglich Brothers, Inc. announces that it has initiated coverage of Global Entertainment Corp. (AMEX: GEE).

Global Entertainment Corp., based in Phoenix, Arizona, is an integrated event and entertainment company focused on mid-sized communities. GEE is engaged, through its wholly owned subsidiaries, in sports management, arena and related real estate development, facility/venue management, marketing, venue ticketing, and brand licensing.

The complete 31-page report is available at www.taglichbrothers.com

Taglich Brothers, Inc. is full-service broker dealer focused exclusively on microcap companies. The Company defines the microcap segment of the equity market as companies with less than $250 million in market capitalization. Taglich Brothers currently offers institutional and retail brokerage services, investment banking and comprehensive research coverage to the investment community.

* We do not undertake to advise you as to changes in figures or our views. This is not a solicitation of any order to buy or sell. Taglich Brothers, Inc. is fully disclosed with its clearing firm, Pershing, LLC, is not a market maker and does not sell to or buy from customers on a principal basis. The above statement is the opinion of Taglich Brothers, Inc. and is not a guarantee that the target price for the stock will be met or that predicted business results for the company will occur. There may be instances when fundamental, technical and quantitative opinions contained in this report are not in concert. We, our affiliates, any officer, director or stockholder or any member of their families may from time to time purchase or sell any of the above-mentioned or related securities. Analysts and members of the Research Department are prohibited from buying or selling securities issued by the companies that Taglich Brothers, Inc. has a research relationship with, except if ownership of such securities was prior to the start of such relationship, then an Analyst or member of the Research Department may sell such securities after obtaining expressed written permission from the Director of Research. As of the date of this report, Taglich Brothers, Inc. owns 9,400 warrants of the Company. The warrants expire on October 7, 2011 and have an exercise price of $7.10 per share. All research issued by Taglich Brothers, Inc. is based on public information. Taglich Brothers, Inc. has an Investment Banking relationship with the company. Taglich Brothers was a co-manager in an April 2006 private placement of equity securities. The company paid for the creation and dissemination of research reports for the first year a monetary fee of $21,000 (USD) on January 2006 and after the first year of publication will pay a monthly monetary fee of $1,750 (USD) to Taglich Brothers, Inc. for the creation and dissemination of research reports.

Contact Information: Contact: Taglich Brothers Rick Oh 631-757-1500