Global Entertainment Licenses 500 Music Titles, Film Scores, Original Songs for Music Division

Music Maven, Division Head Del Makes Deal With Impact Productions to Keep Music in House

BEVERLY HILLS, CA–(EMWNews – August 18, 2008) – Global Entertainment Acquisition

Corporation (PINKSHEETS: GEAC) announced today it has acquired through

license the library of music scores, commercial jingles, original songs and

underscores from Impact Productions, a Miami based power commercial music

house. The library contains hundreds of memorable national, regional and

local jingles, as well as scores from motion pictures and original songs

from the likes of EJ Waters and many other artists, some of which had major

distribution both domestically and globally. The company intends on rolling

out its music division by creating and pulling material from its growing

music library and putting them in its feature films made by its film

division.

The announcement follows several very positive and aggressive moves by the

company in acquiring entertainment properties and licenses. Recently, the

company finished its first creative endeavor, finalizing the screenplay for

its first fully developed comedy, “Brand Dead.” It also recently announced

that it had commenced production on its Sci Fi superhero flick

“Spiderella,” which is a Maurice Smith-developed project and which the

company expects to complete in ’08. The company also acquired rights to the

comedy screenplay “The Psychic.” Now, with this announcement, the company

is demonstrating its commitment to building its music library and becoming

a fully integrated production house.

Del, who heads the music division for Global, is ecstatic about the deal

and expects it to yield a higher profitability for the company by keeping

the rights to music in house. Says Del, a recording artist himself, “This

is just the beginning of our music acquisition efforts hopefully. It makes

a world of sense, as we build our film library, we have a huge need for

original music of all genres, and this library has exactly that.” Maurice

Smith, who stepped down as CEO to work full time on the “Spiderella”

franchise, says the company initiated a name change and will be announcing

some exciting new developments when it becomes official.

“In terms of acquiring these music titles, it makes all the sense in the

world,” says company founder Maurice Smith. “Why go to outside writers for

original music and producers when we have all the talent and material we

need in house?”

ABOUT GLOBAL ENTERTAINMENT

Global Entertainment Acquisition Corporation is an emerging film production

company headed by Maurice Smith, a veteran filmmaker who has produced many

successful and memorable films such as “Screwballs,” “Totally Blonde,”

“Alien Predator,” “Recruits 1 and 2” and many other films over his

distinguished 30-year career. His films have been distributed in virtually

every country in the world and he has distribution on several films

currently with some of the largest film distributors in the world.

The company will focus on producing small budget films in the Comedy and

Sci Fi genres while searching for and developing emerging talent including

writers, directors and actors to work on their films. In an era of expanded

outlets of distribution, content is in higher demand than ever. It is

Global’s mission to become a leading content provider of entertaining, high

quality films to feed the global demand.

Safe Harbor Disclosure:

This press release includes “forward-looking statements” within the meaning

of the federal securities laws, commonly identified by such terms as

“believes,” “looking ahead,” “anticipates,” “estimates” and other terms

with similar meaning. Although the Company believes that the assumptions

upon which its forward-looking statements are based are reasonable, it can

give no assurance that these assumptions will prove to be correct.

Important factors that could cause actual results to differ materially from

the Company’s projections and expectations are disclosed in the Company’s

filings with the Securities and Exchange Commission. All forward-looking

statements in this press release are expressly qualified by such cautionary

statements and by reference to the underlying assumptions.