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,
ENTERS INDEPENDENCE, MISSOURI, WITH CHL TEAM
TEMPE, ARIZONA, APRIL 16, 2009 -- GLOBAL ENTERTAINMENT CORPORATION (NYSE AMEX:
GEE) reports that the Central Hockey League (CHL), administered by one of its
wholly-owned subsidiary companies, has announced the placement of a CHL team in
Independence, Missouri that will participate in the CHL 2009-10 hockey league
season. Approval was received from the Independence City Council on the team's
lease with the new $55 million Independence Events Center currently under
construction and expected to open in November 2009. The CHL currently playing
its 17th season, with 18 member teams across 10 states approved the transfer of
the license for the team from Lubbock, Texas thereby relocating experienced team
owners and operators with the license transfer.
The world-class design of the 5,800 fixed-seat multi-purpose events center has
an attached practice facility with a second ice surface that is a much sought
after addition in new arena development. The project manager for design and
construction of the state-of-the-art facility is Global subsidiary International
Coliseums Company (ICC), which is the project manager for the events center
concurrently under construction in Allen, Texas, and also project manager for
the events center scheduled in Dodge City, Kansas. Management projects of this
nature contribute revenue over a 22-month period for Global. The Independence
events center with 26 luxury suites, VIP seating along with restaurants and
lounges will have a variety of entertainment attractions that typically 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 stated, "The expansion of Global into the Independence market, a
part of the heartland of our nation, opens new opportunities for the company and
the City of Independence. The $55 million multi-purpose facility brings its own
energy to Independence and the surrounding communities making it a destination
spot for entertainment not previously available in the community. Global and its
multiple subsidiary companies offer a unique service in the development of
multi-purpose events centers for mid-size communities together with a full
complement of diversified services available for support of the long-term
viability of an arena project."
Global has multi-year agreements for the Independence, Missouri facility that
will utilize the specialized 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,
Enters Independence, Missouri with
Expansion Club
April 16, 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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