Los Angeles, CA -- May 08, 2017 -- InvestorsHub NewsWire -- Global Entertainment Holdings, Inc. (OTC: GBHL), is pleased to announce it has received a firm commitment for $1 Million in financing from a private investor who has provided the Company with approximately $7 Million of collateral, in the form of shares of stock of a well-traded, public reporting company. Global Entertainment plans to obtain a loan using the stock as collateral, or may sell a portion of the collateral if necessary. This new financing will enable GBHL to fully develop, launch and market a mobile App and related web portal known as “You’ve Got The Part!” A pre-launch design of You’ve Got The Part can be viewed at: www.YGTP.Net.
You’ve Got The Part (YGTP) is a new social media platform that will allow anyone, anywhere and at anytime the opportunity to “audition” and compete with other subscribers for roles in a real Hollywood movies or TV programs. YGTP works via the Internet using a SmartPhone or web cam to upload short audition videos (30 to 60 seconds) that will be posted on the Company’s YouTube Channel, as well as various social media sites. The general public will vote in the form of “Likes” to determine the top “auditioners”, who will be flown to the movie location for a final round with the producer or casting agent and then on to “star” in the movie!
Gary Rasmussen, CEO of Global Entertainment Holdings, commented, “After several years’ of planning, testing and initial development, we are thrilled to now move forward with the build, launch and marketing of our innovative “You’ve Got the Part” mobile App. This level of financing commitment enables us to support the launch of “You’ve Got The Part” on a nationwide business, with a strong marketing and publicity awareness campaign to commence later this year. We fully expect that You’ve Got The Part will result in significant revenue for GBHL from both advertisers and subscribers. Our next step is to select a mobile App developer, which we hope to announce shortly.”
About Global Entertainment Holdings, Inc. (OTC: GBHL) is a publicly-held, entertainment company. The Company’s goal is to build a worldwide entertainment organization with a multitude of domestic and foreign production and distribution affiliates. GBHL, operating through its wholly owned subsidiaries, Global Universal Film Group and Global Entertainment Film Fund, is in the process of developing and producing a slate of motion pictures, employing recognizable-named talent, for worldwide release. GBHL is focused on the development and financing of these feature-length films. GBHL, through another wholly owned subsidiary, You’ve Got The Part, Inc. (www.YGTP.net), will attempt to capitalize on the current popularity of Hollywood, social media and reality-based programming by casting small roles online that anyone with a smartphone or digital camera can apply for.
For more information, please visit us at: WWW.GLOBAL-GBHL.COM, or contact the Company by email at: firstname.lastname@example.org.