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Entertainment (GBHL) Stock Gains Traction, Retains PR Firm
staff reporter, John Bodger
Last Updated: April
16, 2012 - 8:40am EST
(NEW YORK)--Global Entertainment Holdings, Inc.
which is in the
business of producing and marketing independent genre films,
took a sharp jump upward Friday as traders and individual
newsletters take notice of the story.
GBHL's stock took a sharp jump upward Friday as new stock
newsletters gain knowledge of the caliber of Hollywood stars
behind the company, and begin alerting their subscribers about
this movie production play.
Retaining Public Relations Firm
As Global Entertainment moves ahead with one, or several of
their movie production projects, the Company is retaining
South Street Media (www.southstreetmedia.com)
to be their public relations firm to assist in developing
press releases and increased investor awareness as these
productions begin to roll-out this spring.
The Company, which is traded under the symbol GBHL, is in the
process of developing and backing several movies, with such
named stars as Kevin Spacey, James Franco, and Jim Carrey to
name a few. One such project potentially under development
under the GBHL umbrella is "Mavericks in Toyland",
which was originally developed by Trigger Street, a production
company run by Kevin Spacey. The film would be modeled around
the competition between two toy manufacturers, and Jim Carrey
has indicated his interest in starring in the film.
Another film under development is a move called "Mr.
Pink" (www.mrpinkmovie.com), which Summit Entertainment, Lions Gate, and
Paramount Pictures have all expressed interest in
distributing. The film is one of those 'catch me if you can'
dramas, and has gained interest for representatives of such
actors as James Franco, Daniel Radcliffe, Ashton Kutcher,
Jesse Eisenberg, and Justin Timberlake.
One of the most attractive features to GBHL as an investment
play is the very tight share structure, and public float in
the market. The Company has around 25 million shares issued
and outstanding, with only around 2 million shares of that in
the public float. As seen from Friday's action GBHL can move
very quickly on little to no volume.
How attractive are film development companies to investors?
One only needs to look at the strong performance of Lions
Gate Entertainment (NYSE:LGF)
as the stock has recent doubled in the last six months from
$7.00 to $14.00 per share. Now, GBHL has a long way to go
before even achieving the scope and breadth of a Lions Gate,
but with the tight stock structure, and some impressive
projects in the works, GBHL may be one to watch going into the
summer movie season.
GBHL closed Friday at $0.102 per share on higher then normal
volume this afternoon.
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