LOS ANGELES, Aug. 31, 2011 /PRNewswire/ -- Global
Entertainment Holdings (OTCBB: GBHL) announced today that
Global Universal Entertainment, its wholly-owned U.S. production
subsidiary, is negotiating with David Zucker Entertainment (DZE) to
secure production financing for a new trilogy of feature pictures
that will be produced with David
Zucker as the writer and director.
Zucker is well known as the creator, writer/director (along with
Jerry Zucker and Jim Abrahams) of the extraordinarily successful
motion picture "Airplane". He then went on to write and
direct the hit movies "Naked Gun: The Smell of Fear" and "Naked Gun
2 1/2 ...", while writing the last of the trilogy, "Naked Gun 33
1/3...", all of which starred the late Leslie Nielsen, as the uproarious deadpan
detective, Frank Drebin, along with
dozens of other well known actors and actresses. The Naked
Gun franchise alone generated an estimated $500 million in gross revenue!
Following this blue print for success, DZE's next series of
pictures will employ the same audience pleasing, parody comedy,
style against the theme and backdrop of the Secret Service,
espionage, and international spies, utilizing many of Hollywood's top stars in a variety of
roles.
Dan Sherkow, COO of Global
Universal Entertainment commented, "While growing up together as
childhood friends in Milwaukee,
David Zucker and I spoke of one day
working together and now I believe that time has come with the
pending collaboration between DZE and GBHL."
Gary Rasmussen, CEO of Global
Entertainment Holdings, stated "In these stressful days of
world tragedy and economic recession, I feel Zucker's style of
comedy will be a big winner for audiences worldwide to help them
escape from their daily worries." Rasmussen continued,
"David Zucker has become a global
brand in his own right and is one of Hollywood's most profitable filmmakers, having
generated over $2 billion in gross
revenue from such iconic, worldwide hits as Airplane!,
The Naked Gun franchise, the record breaking Scary Movie
3 and 4, as well as a dozen others. A "Zucker comedy"
resonates to millions of fans worldwide; "The Secret Secret
Service" is expected to reach out to millions more."
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 U.S.
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.
SOURCE Global Entertainment Holdings, Inc.