Published: November 18, 2009
Global Entertainment Announces Two New Arena Grand Openings Allen, Texas and Independence, Missouri
TEMPE, Ariz. - (BUSINESS WIRE) - Global Entertainment Corporation (OTCBB: GNTP) is pleased to announce
the November 2009 Grand Opening events of the two most recently
completed multi-purpose events centers located in the cities of Allen,
Texas and Independence, Missouri.
Allen, Texas Events
The official ribbon cutting ceremony and a facility open house was held
on November 4, 2009 at the Allen Event Center in Allen, Texas. Some 500
people filled the outdoor plaza entrance to the Allen Event Center to
hear Mayor Stephen Terrell welcome the citizens of Allen and Collin
County to the official opening of the city's crown jewel. "It's an
exciting time in Allen," reports Mayor Terrell. "We are seeing the
result of years of strategic planning that included setting Allen apart
in the North Texas region as the place to be. We opened our premier
event center with a winning hockey team and a Reba McEntire concert.
Combine this with the extras of free parking and a Community Ice Rink
and we have met our goal to become a regional entertainment destination
for families."
"This is a fantastic day for Allen and the community," said Allen City
Manager Peter Vargas. "With our own entertainment venue we are able to
provide our community with quality entertainment at a very affordable
price."
The project, situated within the MG Herring Group's 400 acre mixed use
development known as the Village at Allen and the Village at Fairview,
features an 8,600 seat capacity (6,200 for hockey), 26 luxury suites
along with club and loge seating, VIP lounges and an attached 20,000
square foot Community Ice Rink.
Global Entertainment Corporation President and CEO Rick Kozuback stated,
"The Allen Event Center has come together through the combined efforts
of the MG Herring Group, the City of Allen, Global Entertainment
Corporation and the many partners that made this dream come true.
Without the vision and commitment of the mayor, the members of council
and the leadership of the city staff this project would not have
happened."
The first two events at the Allen Event Center were greeted with packed
houses beginning with a "Reba McEntire Concert" on Friday, November 6,
followed by the home opener of the Central Hockey League's "Allen
Americans" on Saturday, November 7.
Independence, Missouri Events
On Saturday, November 7, 2009 Global Entertainment Corporation
executives and dignitaries from the City of Independence officially
opened the Independence Events Center to the applause of more than 3,000
area residents. The perfect fall day saw crowds of visitors tour the
events center getting their first opportunity to witness the beautiful
facility located at the crossroads of Interstates 70 and 470.
Similar in design to the Allen Event Center, the Independence Events
Center features 5,800 fixed seats for hockey, 7,500 for concerts, 26
luxury suites along with club and loge seating, a Presidents Club on the
main concourse level for all patrons to enjoy and the 20,000 square foot
"Centerpoint Medical Center Community Ice Rink" for skating and hockey
lessons, practices and games.
Mayor Don Reimal began the official ceremonies by stating, "What a day
for Independence. I couldn't be more excited. This is an event that will
go down in the history of Independence as one of the finest things we've
ever done." Mayor Reimal reiterated a statement he made many times
before as he reminded the audience that the "Independence Events Center
is a family oriented facility. We wanted it to be that and we're going
to work very hard for it to continue to be that way."
Mr. Kozuback said, "Everybody together believed that this was going to
be good for the citizens of this community. It was going to take some
financial undertaking and it was going to have some risk; however, in
the end this was going to be something that is good for people today and
some 50 or 60 years from today."
City Manager Robert Heacock commented, "This new center elevates
Independence from a local to a regional destination. This building can
be a memory maker."
The Independence Events Center opened its doors for the first public
events with the CHL's "Missouri Mavericks" hosting the Wichita Thunder
on November 13 and 14 marking the home debut of the franchise. The Zac
Brown Band officially opened the Independence Event Center as a concert
venue on November 17, 2009.
Global Entertainment Corporation is extremely proud of these two
beautiful facilities and is pleased that both event centers opened on
time and on budget. The completion of these two facilities brings the
total number of buildings which Global Entertainment Corporation has
brought to communities around the country to nine.
Global Entertainment Corporation's full complement of subsidiary
companies are involved in each of these facilities which further
emphasizes its ability to provide turnkey solutions to municipalities
throughout the country who desire to have a multi-purpose event center
become part of their community's landscape.
Global Properties I was responsible for the development of each project,
International Coliseums Company provided project management services and
the Central Hockey League provided two anchor tenant franchises.
Additionally Encore Facility Management manages the facility and
provides food service for both facilities, Global Entertainment
Marketing Services has responsibility for the sale of all commercial
sponsorships and premium seat licenses and GetTix.net provides all
ticketing services for each venue.
Visit our web sites:
www.globalentertainment2000.com
www.coliseums.com
www.centralhockeyleague.com
www.GetTix.net
Global Entertainment Corporation is an integrated events and
entertainment company focused on mid-size communities that is engaged,
through its seven wholly owned subsidiaries, in sports management,
multi-purpose events and entertainment centers and related real estate
development, facility and venue management and marketing and venue
ticketing. Global Properties I, in correlation with arena
development projects, works to maximize value and development potential
of new properties. International Coliseums Company (ICC) serves
as project manager for arena development while Encore Facility
Management and GEC Food Service, LLC coordinate arena
operations and concessions. Global Entertainment Marketing Systems
(GEMS) pursues licensing and marketing opportunities related to the
Company's sports management and arena developments and operations. Global
Entertainment Ticketing (GetTix.Net) is a ticketing company for
sports and entertainment venues. The Western Professional Hockey
League, Inc., through a joint operating agreement with the Central
Hockey League, is the operator and franchisor of professional minor
league hockey teams in nine states.
Certain statements in this release may be "forward-looking statements"
within the meaning of The Private Securities Litigation Reform Act of
1995. These forward-looking statements may include projections of
matters that affect revenue, operating expenses or net earnings;
projections of capital expenditures; projections of growth; hiring
plans; plans for future operations; financing needs or plans; plans
relating to the company's products and services; and assumptions
relating to the foregoing.
Forward-looking statements are inherently subject to risks and
uncertainties, some of which cannot be predicted or quantified. Future
events and actual results could differ materially from those set forth
in, contemplated by, or underlying the forward-looking information.
Some of the important factors that could cause the company's actual
results to differ materially from those projected in forward-looking
statements made by the company include, but are not limited to, the
following: intense competition within the sports and entertainment
industries, past and future acquisitions, expanding operations into new
markets, risk of business interruption, management of rapid growth, need
for additional financing, changing consumer demands, dependence on key
personnel, sales and income tax uncertainty and increasing marketing,
management, occupancy and other administrative costs.
These factors are discussed in greater detail in the company's Annual
Report on Form 10-K for the year ended May 31, 2009, as filed with the
Securities and Exchange Commission.
Global Entertainment Corporation
Richard Kozuback, President
480-994-0772
or
The
Miller Group
Investor Relations for the Company
Rudy R.
Miller, Chairman
602-225-0505
gee@themillergroup.net
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