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Global Entertainment Holdings Acquires WeedWeb

LOS ANGELES, June 17, 2015 (GLOBE NEWSWIRE) -- Global Entertainment Holdings, inc (OTC:GBHL) is pleased to announce that it has acquired WeedWeb.com, WW Digital Marketing Group, Inc. (WW), which will operate as a wholly-owned subsidiary. Through its flagship website portal and mobile application, "WeedWeb.com" has become one of the largest online professional networks for the legal cannabis industry, making it the most comprehensive business directory in the cannabis market. With thousands of cannabis industry professionals in over 20 different categories, Weed Web is the largest for the convergence and distribution of information for marijuana, offering turnkey advertising solutions for marketers looking to reach legal cannabis industry professionals who are responsible for more than 90% of the total market spend in a $100 Billion market.

Gary Rasmussen, Chief Executive Officer of Global Entertainment, commented, "The acquisition of WW Digital Marketing Group furthers diversifies our presence in digital markets and social media networking. We are confident this acquisition will contribute significantly to the value of our operations and create value for our shareholders."

WW Digital Marketing Group, through its www.WeedWeb.com web platform, provides legal cannabis business owners a means to connect with industry friendly vendors and service providers across a myriad of ancillary support verticals, including accounting, finance, human resources, retail display and packaging, marketing and technology and provides a platform for existing businesses to position themselves to serve the growing legal marijuana industry. With almost 10,000 unique company profiles, Weed Web leverages a patent-pending algorithm to scour from across the web and displays real-time information in a stunning visual dashboard. It is designed to be the #1 trusted authoritative source for reliable, up-to-date legislative, financial, political, and health information about the legal marijuana industry. With the amount of growth potential "WeedWeb.com" has, it assures Global Entertainment Holdings share holders will see a larger presence of Global Entertainment's expansion into growing a digital image.

For more information on Weed Web, please visit: http://www.WeedWeb.com.

About Global Entertainment Holdings, Inc. (OTC:GBHL)

Global Entertainment Holdings is a publicly-held, entertainment company with the goal of building a worldwide entertainment and media organization with subsidiaries, affiliates and/or joint venture partners engaged in various aspects of the media and entertainment businesses. GBHL operates primarily through its wholly-owned subsidiaries of Global Universal Film Group (Film Production & sales), Global Entertainment Media (media content delivery; the "i-HUB"), Global Entertainment Film Fund, LLC (Film Slate Financing), You've Got the Part (Social Media) and WW Digital Marketing Group (WeedWeb). The Company is determined to stay on the cutting edge of social networking and media distribution through its wholly-owned subsidiary. Global Entertainment Media is focused on development of digital distribution of media content with the i-HUB set-top convergence system. The Company also utilizes joint ventures to maximize revenue while reducing equity exposure. For more information on GBHL, please visit: http://www.Global-GBHL.com

CONTACT: Global Entertainment Holdings, Inc. Email: Info@Global-GBHL.com Address: c/o Raleigh Studios Lot 5300 Melrose Avenue Bronson Bldg., Suite B116 Hollywood, CA 90038 Office: 877.807.8880 Fax: 818.827.0900

Source:Global Entertainment Holdings, Inc.