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Global Entertainment Announces Termination of SEC Reporting

Global Entertainment's Board of Directors arrived at the conclusion to deregister the Company's common stock as a result of the costs and administrative burdens associated with being a reporting public company, as well as the lack of an active trading market for the Company's common stock. The Company does not believe that deregistering its common stock under the Exchange Act will materially impact its current operations, current relationships with employees, customers and suppliers, or its existing financing arrangements.

Immediately upon the filing of the Form 15, the Company will no longer be obligated to file certain reports with the SEC, including Forms 10-K, 10-Q and 8-K. The Company expects that the deregistration of its common stock will become effective 90 days following the filing of the Form 15. Global Entertainment's common stock is currently quoted on the OTC Bulletin Board, however, upon filing the Form 15, the Company's common stock will no longer be eligible to be quoted on the OTC Bulletin Board.

Notwithstanding the Company's decision to deregister its common stock, the Company intends to continue to hold annual meetings and to make available to its shareholders annual financial statements to comply with all shareholder rules and requirements under Nevada statutes where Global Entertainment is domiciled.

Visit our web sites: www.globalentertainment2000.com www.centralhockeyleague.com www.coliseums.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 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, 480-994-0772
President
www.globalentertainment2000.com
or
The Miller Group
Investor Relations for the Company
Rudy R. Miller, 602-225-0505
Chairman
gntp@themillergroup.net
www.themillergroup.net