Exhibit 99.1
NEWS RELEASE
[GLOBAL ENTERTAINMENT LOGO]
For Further Information Contact:
Richard Kozuback, President
Global Entertainment Corporation
480-994-0772
Global Entertainment Corporation Rudy R. Miller, Chairman
1600 North Desert Drive, Suite 301 The Miller Group
Tempe, Arizona 85281-1230 Investor Relations for the Company
602-225-0505
gee@themillergroup.net
GLOBAL ENTERTAINMENT SUBSIDIARY, JV OPERATORS OF CENTRAL HOCKEY LEAGUE,
REPORTS $1.25 MILLION LICENSE FEE FOR EXPANSION CLUB IN ALLEN, TEXAS
TEMPE, ARIZONA, APRIL 15, 2009 -- GLOBAL ENTERTAINMENT CORPORATION (NYSE AMEX:
GEE) reports that the Central Hockey League (CHL), administered by one of its
wholly-owned subsidiary companies, has completed the sale of a $1.25 million
license fee with the addition of an Allen, Texas expansion club for the 2009-10
hockey season, following the approval from the Allen City Council on the team's
lease with the new $52 million Allen Event Center. The $1.25 million license fee
will be reported in the fourth quarter of fiscal year ending May 31, 2009.
Global subsidiary International Coliseums Company (ICC) serves as the project
manager for design and construction of the state-of-the-art facility currently
under construction and which contributes project management revenue over a
22-month period for Global.
The CHL is currently playing its 17th season, with 18 member teams across 10
states. The Allen, Texas team will become the eighth active franchise in the
state of Texas. The new Allen facility with a planned opening for November 2009
will seat 6,235 fans for hockey and will offer additional events that will
include concerts, trade shows, family shows, youth hockey, agricultural events
and other civic functions
Richard Kozuback, president and chief executive officer of Global Entertainment
Corporation said, "We are pleased to announce the completion of the sale of the
$1.25 million license fee and the addition of an expansion team for the CHL. The
principal owners and operators of the CHL team will offer the Allen, Texas
community a quality family entertainment option inside a new ultra modern
facility designed by Global's seasoned team of professionals who have designed
multiple first-class, multi-purpose events centers that are individualized to
meet the specifications for each unique community they serve. We consider
ourselves to be one of the premium builders of events centers that cater to
mid-sized communities throughout the nation."
Global has multi-year agreements for the Allen, Texas facility that will utilize
the diversified services of our subsidiary companies:
* ENCORE FACILITY MANAGEMENT (Encore) will manage all building
operations that includes food service and catering functions
* GLOBAL ENTERTAINMENT MARKETING SYSTEMS (GEMS) will be the licensing
and advertising arm handling all sales and marketing services
* GLOBAL ENTERTAINMENT TICKETING (GetTix.Net) will provide exclusive
ticketing services for all events
more...
Global Entertainment Subsidiary JV Operators of Central Hockey League Reports
$1.25 Million License Fee for Expansion Club in Allen, Texas
April 15, 2009
Page 2
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 six 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 (ICC) serves as project manager for
arena development while ENCORE FACILITY MANAGEMENT coordinates arena operations.
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: intense
competition within the sports and entertainment industries, past and future
acquisitions, expanding operations into new markets, risk of business
interruption, management of rapid growth, need for additional financing,
changing consumer demands, dependence on key personnel, sales and income
tax uncertainty and increasing marketing, management, occupancy and other
administrative costs.
These factors are discussed in greater detail in the company's Annual
Report on Form 10-K for the year ended May 31, 2008, as filed with the
Securities and Exchange Commission.
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