SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934
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[ ] Preliminary Proxy Statement
[ ] Confidential, for Use of the Commission Only (as permitted by
Rule 14a-6(e)(2))
[ ] Definitive Proxy Statement
[ ] Definitive Additional Materials
[X] Soliciting Material under 240.14a-12
Global Entertainment Holdings/Equities, Inc.
(Name of Registrant as Specified in Its Charter)
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[X] No fee required.
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Item 22(a)(2) of Schedule 14A.
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[ ] Fee paid previously with preliminary materials.
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[GRAPHIC OMITTED]
501 Brickell Key Drive, Suite 603
Miami, FL 33131
Phone: (305) 374-2036 Fax: (305) 373-4668
CONTACT:
Jonathon Shatz
Global Entertainment Holdings/Equities Inc.
jshatz@globalentertainmentinc.com
1.305.374.2036
1.888.777.4266
GLOBAL ENTERTAINMENT ANNOUNCES ITS POSITION REGARDING
AN IMPROPERLY CALLED SPECIAL MEETING OF SHAREHOLDERS
Miami, Florida, September 20, 2002 - Global Entertainment Holdings/Equities
Inc. (OTC BB: GAMM) (www.globalentertainmentinc.com) (the "Company") announced
its position regarding the validity of a special meeting of the Company's
shareholders set for October 7, 2002, which was apparently called by a group of
its shareholders but later withdrawn by this same group.
On September 4, 2002, an apparent group of the Company's shareholders
attempted to call a special meeting of all the Company's shareholders by setting
a record date and a meeting date with Automatic Data Processing, Inc. ("ADP").
ADP normally does not set record and meeting dates at the behest of
shareholders, however, the Company believes that ADP was misinformed of the
authority of this group to represent the Company. According to state law and the
Company's bylaws, only the Company's president or its board of directors are
authorized to call a special meeting of its shareholders. Holders of a material
amount of shares of the Company's outstanding stock may request that its
president or board of directors call a special meeting, but the shareholders
have no authority to call a special meeting themselves.
It is the Company's opinion that the shareholder group did not possess the
authority to call this special meeting, which was called within ninety (90) days
of the annual shareholders meeting, and was also called for improper business
purposes, both of which violate the Company's bylaws.
In connection with what the Company believes to be an improperly called
special meeting, proxy solicitation material was mailed to the Company's holders
of record in violation of federal securities laws. In a notice filed September
19 with the Securities and Exchange Commission, this apparent group of the
Company's shareholders advised shareholders in receipt of their proxy
solicitation material to disregard and discard it, and to take no additional
action.
Bryan Abboud, President and Chief Executive Officer of the Company said,
"The notice filed with the SEC reaffirms the Company's position that the October
7 special meeting of shareholders is not a proper meeting because shareholders
of the Company have no authority to call special meetings of the shareholders.
Although the
501 Brickell Key Drive, Suite 603, Miami, FL 33131
Telephone: 305.374.2036 Fax: 305.373.4668
www.globalentertainmentinc.com email: info@globalentertainmentinc.com
unauthorized efforts of this group of shareholders have been appropriately
halted, the Company unfortunately expects similar actions from such shareholders
in the future. We advise our shareholders to take no action unless or until they
receive a valid notice of a special meeting of shareholders from the Company
accompanied with definitive proxy solicitation materials."
The Company advises its shareholders to carefully read any definitive
proxy solicitation materials that they receive from the Company as such material
will contain important information. All definitive proxy solicitation materials
and any other relevant documents will be available free of charge at the
Securities and Exchange Commission's website, www.sec.gov. The identity of the
participants in any such solicitation is set forth in the Company's most recent
definitive proxy statement as filed with the Securities and Exchange Commission
on June 24, 2002 and also available free of charge at the Securities and
Exchange Commission's website, www.sec.gov.
Notes to Editors:
Global Entertainment Holdings/Equities, Inc. (OTC BB: GAMM) is a leading
publicly traded holding company that provides business development support and
administrative assistance for technology-driven subsidiaries that license,
develop and host Internet software applications and operate web publishing sites
in the online gaming sector.
Safe Harbor Statement
---------------------
Some statements in this release are forward-looking and are subject to
certain risks and uncertainties, including, but not limited to, economic
conditions, competition, changes in laws, and the demand for the company's goods
and services, which could significantly affect anticipated future results.
Actual results may differ materially from any forward-looking statements.
www.globalentertainmentinc.com | www.interactive-gaming.com
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501 Brickell Key Drive, Suite 603, Miami, FL 33131
Telephone: 305.374.2036 Fax: 305.373.4668
www.globalentertainmentinc.com email: info@globalentertainmentinc.com