FRISCO, Texas, Feb. 21, 2012 /PRNewswire/ -- Global Holdings, Inc. currently trading under symbol (GOHG) proudly announces that the negotiations of a long standing entertainment company have come to a close.  The merger into the company should take place later in the week. Management feels that it is important to announce that the merger will be completed with no additional shares of common stock being issued. Further terms of the merger will be released in the near future. 

The merger represents an aggressive new direction for the company which will bring about new ideas and a new revenue producing model which will greatly increase the company's profitability and marketing strategies. The replacement of the current CEO and management will take place as soon as all agreements and documentation are finalized.

Global Holdings Inc. (GOHG)

Global Holdings, Inc.'s objective is to acquire, partner with and promote advanced technologies through management coaching, effective intellectual property deployment, business networking and intelligent financial solutions. The company is a technology incubator that offers a specialized menu of support resources and services. Management believes it will accomplish its goal to maximize shareholder value through strategic acquisitions and effective business design.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays in testing and evaluation of products and other risks detailed from time to time in Global Holding's filings with the Securities & Exchange Commission.

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IR John Peters

516-543-9468

SOURCE Global Holdings, Inc.