Global Entertainment Holdings Announces Financing For You've Got The Part
09 May 2017 - 12:26AM
InvestorsHub NewsWire
Global
Entertainment Holdings Announces Financing Commitment
For
“You’ve
Got The Part!”
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: info@globaluniversal.com.
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 affiliates or subsidiary companies,
undertakes any responsibility to update the "forward-looking"
statements contained in this news
release.
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