$GBHL retains South Street Media as PR Firm!!!
Global Entertainment (GBHL) Stock Gains Traction, Retains PR Firm
By: staff reporter, John Bodger
Last Updated: April 16, 2012 - 8:40am EST
(NEW YORK)--Global Entertainment Holdings, Inc. (OTC:GBHL), which is in the business of producing and marketing independent genre films, took a sharp jump upward Friday as traders and individual newsletters take notice of the story.
GBHL's stock took a sharp jump upward Friday as new stock newsletters gain knowledge of the caliber of Hollywood stars behind the company, and begin alerting their subscribers about this movie production play.
Retaining Public Relations Firm
As Global Entertainment moves ahead with one, or several of their movie production projects, the Company is retaining South Street Media (www.southstreetmedia.com) to be their public relations firm to assist in developing press releases and increased investor awareness as these productions begin to roll-out this spring.
The Company, which is traded under the symbol GBHL, is in the process of developing and backing several movies, with such named stars as Kevin Spacey, James Franco, and Jim Carrey to name a few. One such project potentially under development under the GBHL umbrella is "Mavericks in Toyland", which was originally developed by Trigger Street, a production company run by Kevin Spacey. The film would be modeled around the competition between two toy manufacturers, and Jim Carrey has indicated his interest in starring in the film.
Another film under development is a move called "Mr. Pink" (www.mrpinkmovie.com), which Summit Entertainment, Lions Gate, and Paramount Pictures have all expressed interest in distributing. The film is one of those 'catch me if you can' dramas, and has gained interest for representatives of such actors as James Franco, Daniel Radcliffe, Ashton Kutcher, Jesse Eisenberg, and Justin Timberlake.
Share Structure
One of the most attractive features to GBHL as an investment play is the very tight share structure, and public float in the market. The Company has around 25 million shares issued and outstanding, with only around 2 million shares of that in the public float. As seen from Friday's action GBHL can move very quickly on little to no volume.
How attractive are film development companies to investors? One only needs to look at the strong performance of Lions Gate Entertainment (NYSE:LGF) as the stock has recent doubled in the last six months from $7.00 to $14.00 per share. Now, GBHL has a long way to go before even achieving the scope and breadth of a Lions Gate, but with the tight stock structure, and some impressive projects in the works, GBHL may be one to watch going into the summer movie season.
GBHL closed Friday at $0.102 per share on higher then normal volume this afternoon.
