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, Inc. GBHL
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 goals.
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.
Safe Harbor
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.
CONTACT:
Global Entertainment Holdings, Inc.
Email: Info@globaluniversal.com
Address: Raleigh Studios
650 N. Bronson Ave., Ste B116
Los Angeles, CA 90004
Office: 877.807.8880
Fax: 818.827.0900
Source: UPTICK Newswire