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Global Entertainment Announces Strategic Partnership with VenuWorks to Manage New Facilities

Global Entertainment has formed a strategic partnership with VenuWorks in which VenuWorks will provide facility management and concession management services to Global-built facilities in place of Global's Encore Facility Management and GEC Food Service, LLC subsidiaries. As part of the agreement, Global will continue to provide event center development, construction and ticketing services and where appropriate, will provide CHL hockey franchises and marketing services to these facilities. In addition, Global has worked with the Dodge City, Kansas, city manager as well as members from the county and city to finalize the transition of the facility management contract for the new building being constructed in Dodge City by Global Entertainment's wholly owned subsidiary International Coliseums Company.

VenuWorks is one of the three largest public assembly management firms in the United States. The company provides management solutions and consulting expertise for arenas, theaters and convention centers throughout North America and currently manages 35 separate facilities in 17 communities across the country. In addition to its facility management services, VenuWorks also performs feasibility studies, operations audits and consulting work for clients with existing and prospective public assembly facilities.

Steve Peters, President of VenuWorks, stated, "Global Entertainment has demonstrated a strong capacity for developing well-designed multi-purpose arenas across the country, most of which have been located in communities that fit very well into our market profile. By working with Global Entertainment, we can offer proven ongoing management after the arena is built. "

Chief Executive Officer of Global Entertainment, Richard Kozuback, commented, "As part of the review of Global Entertainment's business units, our company's Board of Directors has determined that our organization has excelled in developing and building first-class event centers in markets across the country, completing those facilities on time and within budget, providing ticketing and marketing services, and delivering CHL franchises as anchor tenants in the markets that desire them. However, our company has faced challenges in managing these buildings, and we have concluded that this is not our core strength."

Kozuback continued, "Therefore, as part of our continuing efforts to reassess our current operations to successfully position Global Entertainment for the future, we recognized the need to partner with a group who specializes in the facility management area. We look forward to combining our expertise in arena development, project management, ticketing, franchising, licensing and marketing with VenuWorks' skills in facility management to create a stronger overall concept going forward."

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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 develop potential new properties. International Coliseums Company, Inc. (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: limited liquidity and the need for additional financing, intense competition within the sports and entertainment industries, past and future acquisitions, expanding operations into new markets, risk of business interruption, changing consumer demands, dependence on key personnel, sales and income tax uncertainty and increasing marketing, management, occupancy and other administrative costs.

Global Entertainment Corporation
Richard Kozuback, President, 480-994-0772
www.globalentertainment2000.com
or
The Miller Group
Rudy R. Miller, Chairman
Investor Relations for the Company
602-225-0505
rmiller@themillergroup.net
www.themillergroup.net