NEWS OUT! -Global Entertainment Holdings Nears Completion of Financing for You've Got the Part!
Los Angeles, CA – August 15, 2017 – Global Entertainment Holdings, Inc. (OTC: GBHL), is
pleased to announce that the Company is finalizing completion of its financing for the
development of “You’ve Got The Part” and the marketing of the mobile App and related web
portal during fourth quarter of 2017. “You've Got The Part” is a new social media platform that
will allow anyone, anywhere and at anytime, the opportunity to be selected for a role in a real
Hollywood movie or TV program via the Internet using their SmartPhone or web cam.
Stemming from its financing commitment announced last May, the Company has just received a
stock certificate in its name representing approximately 3.4 million common shares of Airborne
Wireless Network, Inc. (symbol “ABWN”), a well-traded, public reporting company. The
Airborne shares have a current market value of approximately $6 million, which the Company
intends to use as collateral to obtain non-dilutive financing.
The financing commitment agreement signed last February 2017 with a third party investor
allows the Company to use this stock as collateral to obtain initial financing of $1 million for its
operations, including but not limited to funding the development, launch and marketing of the
“You’ve Got The Part” web portal and mobile Apps.
Gary Rasmussen, CEO of GBHL, commented “We are thrilled that after several years of nursing
along our “You’ve Got The Part” project we have been able to secure non-dilutive financing that
will complete and launch “You’ve Got The Part”. With the heightened interest in new
Hollywood movies and TV content, we are convinced that our launch of “You’ve Got The Part”
will be met with great success. For a small subscription fee, anyone across the country will be
able to audition online for selected movie and TV projects and, if chosen by a community of
their peers in various social media sites, will be able to achieve their dream of being in a real
Hollywood movie or TV show. In addition, the producers of this content will gain immediate
online and social media awareness and publicity for their project. It’s a ‘win-win’ for everyone!”
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 online small walk-on roles in a feature film that anyone with a smartphone or digital
camera can apply for.
Game changing news IMO