Los Angeles, Aug. 19, 2014 (GLOBE NEWSWIRE) -- Global Entertainment
Holdings (OTC: GBHL) has announced that its subsidiary,
Global Entertainment Media (GEM), completed a successful
demonstration of the i-HUB set-top operating device, a new
convergence technology system that enables
internet users and content viewers
to easily find and view
countless hours of programming and media content
available throughout the internet with just a few "clicks", or
using voice commands.
The Florida demonstration was witnessed by Kirk Kirkpatrick, CEO
of MDS America, one of the leading MVDDS (Multichannel
Video and Data Distribution
Service) technology companies
with interests throughout the world including a 700
channel system in the UAE serving Dubai and Abu Dhabi.
Following the demonstration, Mr. Kirkpatrick stated, "What I
witnessed at your demonstration has instilled me with great
confidence that GEM's set top device not only performs well, but
that it will indeed efficiently combine content and technology at a
far superior level and lower price than any potential competitors
as a result of GEM's unique capability of a "back channel" enabling
users to seek and source all forms of Internet content and "pull"
such content down to the viewer's monitor/TV. I was
also impressed the look and feel of your electronic program guide
that is embedded within the HUB system to enable the user to search
the entire web for specific content".
The partnership with MDS America ensures GBHL will cover a wide
footprint, capable of reaching almost one-third of U.S. households.
MDS America has the FCC license to provide wireless MVDDS for the
State of New Mexico, as well as the licenses to broadcast data and
content in 79 other selected markets in the US.
The technology behind the proprietary "i-HUB" Set -Top Box (STB)
is a powerful Intel (i-3) processor, alongside 4 GB of ram, and a
large 1 TB hard drive for Digital Video Recording (DVR) storage.
Additionally, the STB features all major music channels in HD
audio, while providing seamless navigation with a Solid State Drive
that provides no latency. The "i-HUB" provides a plethora of
user-friendly functions including: voice activated search
functioning, Bluetooth/WiFi remote options, and a managed "back
end" which provides remote fixes & superior support for the
multitude of advanced functions the "i-HUB" integrates.
The "i-HUB" is a game changer and will provide an
invaluable convenience in respect to distributing an advanced
variety of entertainment. Gary Rasmussen, Chief Executive Office of
Global Universal Entertainment stated, "Our next objective is to
field test a consumer version of i-Hub using selected MDS America's
subscribers to their flagship MVDDS operation in Albuquerque, NM,
to be followed by an extensive rollout throughout the country and,
ultimately, worldwide. It is part of Global Entertainment's planned
diversification into delivery of media content, as well as
production of compelling and sought-after video entertainment."
This product will be a prominent contender; distributing limitless
entertainment options that utilize an extensive global database,
and cost-effective delivery platform. Unlike traditional
providers, Global Entertainment Media plans to kill the "static"
with its revolutionary "i-HUB".
About Global Entertainment Holdings,
GBHL is a publicly-held, entertainment company with the goal of
building a worldwide entertainment and media organization with
domestic and foreign subsidiaries, affiliates and/or joint venture
partners. GBHL operates primarily through its wholly-owned
subsidiaries of Global Universal Film Group (Film Production &
sales), Global Entertainment Media (media content delivery; the
"i-HUB") and Global Entertainment Film Fund, LLC (Film Slate
Financing). The Company is determined to stay on the cutting edge
of social networking and media distribution through its
wholly-owned subsidiary, You've Got the Part, Inc. You've Got
the Part plans to capitalize on the current popularity of Hollywood
and reality-based programming by offering participants a chance at
small speaking roles online, in a real Hollywood movie or video
production, for which anyone with access to a Smartphone or a
digital camera can apply. Global Entertainment Media is focused on
development of digital distribution of media content with the i-HUB
set-top convergence system. The Company also utilizes joint
ventures to maximize revenue while reducing equity exposure. A
recently announced joint venture in the areas of film productions,
tech-education and social media promotion, Global-Mahvrick, LLC,
was formed with Mavhrick Networks to further GBHL's corporate
For more information on GBHL,
please visit: http://www.global-gbhl.com/m.
or contact the Company by email at: info@GlobalUniversal.com
About MDS America, Inc.
MDS America is the premier builder of MVDDS systems for
high-speed wireless broadband delivery of video and Internet data
by terrestrial transmission for customers worldwide. Information on
MDS America can be found at MDS America.
Pursuant to the Safe Harbor Provisions of the Private Securities
Litigation Reform Act of 1995, and within the meaning of Section
27A of the Securities Act of 1933 and Section 21B of the Exchange
Act of 1934, any statements that express or involve discussions
with respect to predictions, expectations, beliefs, plans,
projections, objectives, goals and assumptions of future events or
performance are not statements of historical fact and may be
"forward-looking statements." Forward looking statements are based
on expectations, estimates and projections at the time the
statements are made that involve a number of risks and
uncertainties which could cause actual results or events to differ
materially from those presently anticipated. Forward-looking
statements in this release may be identified through the use of
words such as "expects," "will," "anticipates," "estimates,"
"believes," or statements indicating certain actions such as "may,"
"could," or "might" occur. Such statements reflect the current
views of GBHL and its affiliated companies with respect to future
events and are subject to certain assumptions, including those
described in this release. These forward-looking statements involve
a number of risks and uncertainties, including the timely
development and market acceptance and commercial appeal of its
feature-length films, its film production services, competitive
market conditions in the motion picture industry (both in the US
and foreign markets), successful sale of the rights to film content
produced, the ability to secure additional sources of financing,
the ability to reduce operating expenses and other factors. The
actual results that the Company achieves may differ materially from
any forward-looking statements due to such risks and uncertainties.
Neither Global Entertainment Holdings, nor its affiliate or
subsidiary companies undertakes any responsibility to update the
"forward-looking" statements contained in this news release.
Global Entertainment Holdings, Inc.
Address: Raleigh Studios
650 N. Bronson Ave., Ste B116
Los Angeles, CA 90004
CONTACT: Global Entertainment Holdings, Inc.
Address: Raleigh Studios650 N. Bronson Ave., Ste B116
Los Angeles, CA 90004
Source: Global Entertainment Holdings