- ------------------------------------------------------------------------------

                                 UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C.  20549

                                  FORM 12b-25
                         NOTIFICATION OF LATE FILING

      [ X ] Form 10-K  [   ] Form 20-F  [   ]  Form 11-K  [   ] Form 10-Q

                                                      SEC FILE NUMBER: 0-27637

                                                    CUSIP NUMBER:    37934J101

For Period Ended:    December 31, 2001

[ X ] Transition Report on Form 10-KSB
[   ] Transition Report on Form 20-F
[   ] Transition Report on Form 11-K
[   ] Transition Report on Form 10-QSB
[   ] Transition Report on Form N-SAR

- ------------------------------------------------------------------------------

Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.

- ------------------------------------------------------------------------------

If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates:

PART I - REGISTRANT INFORMATION

Full Name of Registrant             Global Entertainment Holdings/Equities, Inc.

Former Name if Applicable           N/A

Address of Principal Executive Office:  501 Brickell Key Drive, #603
                                        Miami, Florida 33131

PART II--RULES 12b-25 (b) AND (c)

If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b) the following should
be completed. (Check box if appropriate)

[ ] (a) The reasons described in reasonable detail in Part III of this
        form could not be eliminated without unreasonable effort or expense;

[X] (b) The subject annual report, semiannual report, or transition
        report on Form 10-K, 10-KSB, 20-F, 11-K, or N-SAR, or portion
        thereof will be filed on or before the fifteenth calendar day
        following the prescribed due date; or the subject quarterly report
        or transition report on Form 10-Q or 10-QSB, or portion thereof,
        will be filed on or before the fifth calendar day following the
        prescribed due date;



                                      1




[ ] (c) The accountant's statement or other exhibit required by Rule
        12b-25(c) has been attached if applicable.


PART III - NARRATIVE

State below in reasonable detail the reasons why form 10-K, 10-KSB, 11-K, 20-F,
10-Q, 10-QSB or N-SAR or portion thereof could not be filed within the
prescribed time period.

            The Company's independent auditor has not yet completed the
            accounting documentation required for the Form 10-QSB.


PART IV - OTHER INFORMATION

      (1)   Name and telephone number of person to contact in regard to this
            notification.

            Bryan Abboud           President            (305) 374-2036
            ---------------------------------------------------------------
                (Name)              (Title)           (Telephone Number)

      (2)   Have all other periodic reports required under section 13 or 15(d)
            of the Securities Exchange Act of 1934 or section 30 of the
            Investment Company Act of 1940 during the 12 months or for such
            shorter period that the registrant was required to file such
            report(s) been filed? If the answer is no, identify report(s).

                                 (X) Yes ( ) No

      (3)   Is it anticipated that any significant change in results of
            operations from the corresponding period for the last fiscal year
            will be reflected by the earnings statements to be included in the
            subject report or portion thereof?

                                 ( ) Yes  (X) No

            If so, attach an explanation of the anticipated change, both
            narrative and quantitatively, and, if appropriate, state the reasons
            why a reasonable estimate of the results cannot be made.







                                      2




- ------------------------------------------------------------------------------

                 Global Entertainment Holdings/Equities, Inc.
                 --------------------------------------------
                 (Name of Registrant as specified in Charter)

has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.


Date:  March 29, 2002             By: /s/ Bryan Abboud
       --------------                 ---------------------------------------
                                  Name: Bryan Abboud
                                  Title:President

                                      3