EXHIBIT 99.1

PRESS RELEASE

GLOBAL ENTERTAINMENT HOLDINGS ANNOUNCES SHARE EXCHANGE WITH BAYSHORE MEDIA GROUP

MIAMI--(BUSINESS WIRE)--April 13, 2006--Global Entertainment Holdings/Equities,
Inc. ("Global") (OTCBB:GAMM) a publicly traded holding company for software
development for the online interactive digital entertainment sector and Bayshore
Media Group ("Bayshore"), a privately held independent producer and distributor
of motion picture, video and television entertainment, announced today that they
have entered into a share exchange agreement.

Under the share exchange Global will issue an aggregate of 191,922,442 shares of
common stock to the shareholders of Bayshore in exchange for all of the
outstanding interests in Bayshore, who has a film library independently valued
at approximately $60 million. Simultaneously with the share exchange, Global
will transfer all of its entertainment software development business assets and
liabilities to 13 current Global shareholders and their related entities and
affiliates in exchange for the return of 4,624,953 shares of common stock held
by the shareholders to the Company.

Bryan Abboud, President and CEO of Global, commented "We believe the future
potential of Bayshore's business will provide a greater value to our
shareholders in the US financial markets. The activity of our subsidiary, IGW,
will no longer be a part of Global and will focus its attention on its
operations and the international market. We view this as a win-win for all
parties involved."

Jacob Dadon, President of Bayshore, commented "The film and media distribution
industry is an attractive industry with significant potential for growth. We
believe the combination of our film library, experience and business plan, will
offer significant value to the Global shareholders. We are currently poised to
begin work on new products for release in Q4."

For accounting purposes the share exchange is structured as a reverse merger in
which Bayshore will be the surviving company. After the share exchange, Global
will conduct the Bayshore business, under the leadership of Bayshore's current
management. Global has filed preliminary proxy materials with the Securities and
Exchange Commission (SEC) regarding the merger. The completion of the
transactions are subject to SEC review, approval of the shareholders of Global



at a special meeting of shareholders and other conditions contained in the share
exchange.

GLOBAL SHAREHOLDERS ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT REGARDING
THE PROPOSED REVERSE MERGER WHEN IT BECOMES AVAILABLE, BECAUSE IT WILL CONTAIN
IMPORTANT INFORMATION. When available, the proxy statement and other relevant
materials and any other documents filed by Global with the SEC may be obtained
free of charge at the SEC's web site at www.sec.gov.

About Bayshore Media Group

Bayshore is an independent producer and distributor of motion picture, video and
television entertainment. Bayshore owns the exclusive rights to 14 never
released feature length films. Bayshore's business plan calls for identifying
and securing license/distribution agreements, build out a production
infrastructure, develop partnerships with major studios, satellite and cable
companies, expand its film portfolio with unique and high quality titles and
identify potential acquisition targets. Bayshore's office is located at Howard
Hughes Center, 3960 Howard Hughes Parkway, Suite 500, Las Vegas, Nevada, 89109
and Bayshore's telephone number is (702) 990-3707. Bayshore's web site is
located at www.bayshoremediagroup.com.

About Global Entertainment Holdings/Equities, Inc.

Global Entertainment Holdings/Equities, Inc. (OTCBB:GAMM), is a publicly traded
holding company that provides business development support and administrative
assistance for technology-driven subsidiaries that license, develop and host
internet software applications for the online interactive digital entertainment
sector.
Global's web site is locted at www.globalentertainmentinc.com

Safe Harbor Statement
         Statements used in this press release that relate to the financial
condition, results of operations, plans, objectives, future performance and
business of each of Global and Bayshore, and the effect of the share exchange
are forward-looking statements as defined under the Private Securities
Litigation Reform Act of 1995. Actual results may differ materially from those
anticipated as a result of certain risks and uncertainties, including but not
limited to the ability of Global to complete the reverse merger on the terms
described above or other acceptable terms or at all because of a number of
factors, including the failure to obtain shareholder approval or the failure to
satisfy the other closing conditions. These factors will be more fully described
in the proxy statement. Global's shareholders are cautioned not to place undue
reliance on such statements, which speak only as of the date hereof. Neither
Global nor Bayshore undertakes any obligation to release publicly any revisions
to such forward-looking statements to reflect events or circumstances after the
date hereof or to reflect the occurrence of unanticipated events.

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Contact:
     Global Entertainment Holdings/Equities, Inc., Miami
     Clint Snyder, 305/374-2036