LOS ANGELES, May 19, 2011 /PRNewswire/ -- Global Entertainment
Holdings, Inc. (OTCQB/BB: GBHL) announced today that its US
Production subsidiary, Global Universal Entertainment, Inc. has
optioned the motion picture and television rights to the recently
published book, "Mr. Pink".
"Mr. Pink is one hot property,"stated Daniel Sherkow, COO of Global Universal
Entertainment. "Mr. Pink" is the true story of four well off
college students who pulled off one of the largest heists in the
art world. The valuable art books are worth over twelve million
dollars!"
Former Paramount Executive Sherkow continued, "The 'Mr.
Pink' project is an exciting and compelling true story, which
is featured on Google under The Transy Book Heist,
and more info is at: http://www.whoismrpink.com/. It is
timely, teen driven, yet bears a strong moral lesson."
Veteran writer and film producer Jackie
Giroux has adapted the screenplay from Blake Allen and Allen Brothers Publishing.
Giroux will produce the picture, along with Blake Allen, Sydney
Allen, and Mike Markwell, as
Executive Producers. "I read the book in one sitting," exclaimed
Giroux. "It is very similar to Truman
Capote's In Cold Blood. If these four very
different personalities had not met in college, the ingenious heist
idea would have never come to fruition. They fed upon each other's
talents. This will be the fascination for a great Hollywood cast, and a hit film!"
Global Universal expects to shoot a portion of the picture in
Kentucky and has begun evaluating
locations within that State. In addition, Global Universal is also
in conversations with distributors as it explores various
distribution options.
Gary Rasmussen, CEO of Global
Universal, stated that "the 'Mr. Pink' project has the
potential to add significant value to the company due to its
potential 'box office appeal' and our ability to produce the
picture at a comparatively reasonable cost." Mr. Rasmussen
continued, "As an additional revenue stream, Global Universal will
share in the proceeds of the book in addition to its participation
in the motion picture".
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 affiliates.
GBHL, operating through its wholly owned subsidiaries, Global
Universal Film Group, Inc., Global Universal Entertainment, Inc.,
and its partially-owned Canadian subsidiary Global Universal
Pictures, is in the process of developing and producing a slate of
motion pictures in Canada and the
U.S., employing recognizable-named talent, for worldwide release.
GBHL is focused on the financing and marketing of these
feature-length films. GBHL, through another wholly owned
subsidiary, You've Got The Part, Inc. (www.youvegotthepart.com),
will attempt to capitalize on the current popularity of
Hollywood and reality based
programming by casting small roles online that anyone with a
digital camera can apply for.
Safe Harbor: Pursuant to the Safe Harbor Provisions of the
Private Securities Litigation Reform Act of 1995, and within the
meaning of Section 27A of the Securities Act of 1933 and Section
21B of the Exchange Act of 1934, any statements that express or
involve discussions with respect to predictions, expectations,
beliefs, plans, projections, objectives, goals and assumptions of
future events or performance are not statements of historical fact
and may be "forward-looking statements." Forward looking statements
are based on expectations, estimates and projections at the time
the statements are made that involve a number of risks and
uncertainties which could cause actual results or events to differ
materially from those presently anticipated. Forward-looking
statements in this release may be identified through the use of
words such as "expects," "will," "anticipates," "estimates,"
"believes," or statements indicating certain actions such as "may,"
"could," or "might" occur. Such statements reflect the current
views of GBHL and its affiliated companies with respect to future
events and are subject to certain assumptions, including those
described in this release. These forward-looking statements involve
a number of risks and uncertainties, including the timely
development and market acceptance and commercial appeal of its
feature-length films, its film production services, competitive
market conditions in the motion picture industry (both in the US
and foreign markets), successful sale of the rights to film content
produced, the ability to secure additional sources of financing,
the ability to reduce operating expenses and other factors. The
actual results that the Company achieves may differ materially from
any forward-looking statements due to such risks and uncertainties.
Neither Global Entertainment Holdings, nor its affiliated or
subsidiary entities undertakes any responsibility to update the
"forward-looking" statements contained in this news release.
For more information, please visit us at:
WWW.GLOBAL-GBHL.COM, or contact the Company by email
at: contact@globaluniversal.com or
818-527-5251.
SOURCE Global Entertainment Holdings, Inc.