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LOS ANGELES, Feb. 9, 2023 (GLOBE NEWSWIRE) — Global Entertainment Holdings, Inc. (OTC: GBHL) (the “Company” or “Global”), an independent global entertainment content producer and OTT streaming Publishing Company, today announced the completion of a stock exchange transaction with DCE Construction, Inc., d/b/a Mesa Garage Doors (“Mesa”), a Southern California-based leader in home improvement solutions focused on sells, repairs and installs garage and entry doors, as well as custom doors. The transaction follows an initial transaction that closed on January 9, 2023, when Mesa’s founders purchased a controlling interest in the company by acquiring a substantial majority of Global’s Series C convertible preferred stock.
The transaction was made through a share exchange and restructuring agreement. Mesa and Global are currently undergoing a two-year audit by a PCOAB-registered audit firm, which is expected to be completed within the next two months. Completion of the audit will allow the company to become a fully reporting company with the United States Securities and Exchange Commission (“SEC”). Through 2022, the company has very little debt and gross revenue of more than $21.5 million.
Mesa is led by Dwight Esnard and Michael Layman. Mr. Esnard founded the company more than 30 years ago and Mr. Layman joined the company more than 20 years ago. Concurrent with the closing of the transaction, Mr. Esnard and Mr. Layman have been named Chief Executive Officer and President of the Company and will serve on the Company’s Board of Directors along with a third independent director. Global’s current officers and directors resigned at closing and were appointed to similar positions with the company’s subsidiary, Global Universal Film Group Inc. The company plans to divest and “spun off” all of its entertainment businesses and subsidiaries, and an update on the future of the company’s entertainment division will be provided shortly.
Dwight Esnard, Company CEO and founder of Mesa, commented: “Going public is the beginning of an exciting new chapter for Mesa as it continues our growth trajectory with an increased focus on Los Angeles, San Diego, the Tula and Riverside counties, and by expanding our products and services into other home and property improvement areas. We plan to roll out an aggressive growth strategy in the near future, expanding our reach into new locations and Acquiring strategically aligned companies to expand our market share. This transaction makes Mesa a public company and is integral to achieving these strategic goals.”
The company plans to file various corporate actions with FINRA to ensure that the company’s name and ticker symbol are consistent with Mesa’s business, while meeting listing requirements on major US stock exchanges. The company plans to file a registration statement with the SEC to become a reporting company after the audit is complete.
About Mesa Garage Doors, Inc.
Mesa Garage Doors, Inc was established over 30 years ago, (www.mesagaragedoors.com) (“MESA”) is the clear leader in Southern California among the otherwise highly fragmented garage door sales, installation and service businesses. During these 30 years, Mesa has served more than 500,000 customers with its own installers, technicians and repair personnel. With a strong reputation and broad customer base, Mesa is arguably the largest garage door specialty company in the United States due to its financial strength, scalability, operations and service call center, and professional management. While Mesa’s current company name certainly suggests garage doors, the company has expanded over the years to include entry doors, custom wood doors, and other related installation and service of garage door openers, with plans to expand further in the coming months.
about Global entertainment holding, company
Global Entertainment Holdings, Inc (the “Company”, “Global”, “we” or “our”) is an independent global entertainment content production and OTT streaming distribution company, through engaging movie content and social media sites and Audiences connect. The Company operates through its subsidiaries, affiliates and/or joint venture partners engaged in various aspects of the media and entertainment business. Through its subsidiaries, the company plans to become a major provider of movies and entertainment by producing and streaming professional DVD packages of movies, classic movies and TV series.www.GlobalClassicMovies.com), and developing its unique streaming channel Crimes & Capers (www.CrimesnCapers.com) and the Final Chance movie (www.FinalChanceFilms.com). The company intends to retain most of the rights to the development project.For more information, please visit www.Global-GBHL.com.
risk factor and Prospective report
This press release and other information provided by the company or its employees from time to time may contain forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward-looking statements. Forward-looking statements, including but not limited to statements regarding potential acquisitions and anticipated amendments to the Articles of Association, provide the Company’s current beliefs, expectations and intentions regarding future events and involve risks, uncertainties, some of which are beyond the Company’s control and assumptions. For these statements, we claim the safe harbor protection for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate,” “believe,” “could,” “estimate,” “anticipate,” “intend,” “could,” “plan,” “potential,” “should,” “will,” etc. and “will” and similar expressions (including the negation of these terms). Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The Company intends these forward-looking statements to be made only as of the time they are issued or as otherwise specified, and undertakes not to update or revise these statements as more information becomes available, except as required by the federal securities laws and rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) ).Please see the disclosures and cautionary notes provided in the Company’s Annual Report for the fiscal year ended December 31, 2021, Quarterly Reports for the three months ended September 30, 2022, and other filings and reports filed with the OTC market statement (each of which can be found in https://www.otcricemarket companyrice/stocks/GBHL/disclosure).
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale of It was illegal before that. registration or qualification under the securities laws of any such state or other jurisdiction.
company touch
Gary Rasmussen
877-807-8880
info@Global-GBHL.com
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