PSRZ Should be on everyones radar tomorrow! The company released news after the close today which should have investors jumping in the morning at open. PSRZ recently bounced off lows and with more news coming, PSRZ has the potential to reach previous highs.
Global Announces Major Deal to Produce "Screwballs" Sequel
Goofy Comedy Classic Goes Virtual in "Virtually Screwed"; Company Aims to Take Advantage of Incredibly Successful Youth Market
Jun 10, 2008 4:05:00 PM
View Additional ProfilesBEVERLY HILLS, CA -- (MARKET WIRE) -- 06/10/08 -- Global Entertainment Acquisition Corporation (PINKSHEETS: PSRZ) announced today that the Company will capitalize on the wildly successful "Screwballs" and its sequel "Screwball Hotel." Global Entertainment will option the screenplay "Virtually Screwed" and will produce the full length feature in the next few months. "Screwballs" and "Screwball Hotel" have been seen by audiences all over the world and have been distributed by both Universal and Warner Brothers. The films have been wildly popular with the teenage and young adult audiences, and have been very profitable receiving tremendous advances from both domestic and international distributors with distribution in 48 countries around the world.
"We are aiming at the same audience who made movies such as '40 Year Old Virgin,' 'Knocked Up,' 'SuperBad' and the 'American Pie' Series blockbuster hits," says Global's CEO, Maurice Smith. "Our strategy is to produce outrageous comedies that are aimed squarely at the incredibly successful youth market," Smith went on to say. In keeping with his "out of this world" crazy comedies, Smith has set the plot for the new film to be "out of this world and into the virtual world" of Video Games thus hoping to attract the many millions of computer game players worldwide. "I smell a big hit," said Smith.
Global Entertainment has acquired an option to produce a motion picture based upon the teen comedy screenplay "Virtually Screwed." This is based upon the success of the previous films in this series, one of which was released in the U.S. by Warner Brothers and another by Universal Pictures, while foreign sales for one was handled by Arnold Kopelson ("PLATOON," "THE FUGITIVE," "SEVEN," "OUTBREAK").
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.
For more information or investor questions contact:
1-877-576-8007
Investorrelations@globalentertainment.com
www.globalentertainmentcorp.com