Global Entertainment Holdings/Equities Inc. Announces Trading Symbol Change in Accordance With Phase-In Schedule for New Amendment to Rule 6530.OMAHA Omaha, city, United States Omaha (ō`məhä, –hô), city (1990 pop. 335,795), seat of Douglas co., E Nebr., on the west bank of the Missouri River; inc. 1857. , Neb.--(BUSINESS WIRE)--Nov. 9, 1999-- As previously announced, on Oct. 19, 1999, Global Entertainment Holdings/Equities Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :GAMM GAMM Generalized Air Mobility Model GAMM Gimbal Angle Matching Monitor GAMM German Association for Mathematics and Mechanics ) (www.globalentertainmentinc.com) filed its Form 10SB with the Securities and Exchange Commission through the SEC's Electronic Data Gathering Analysis, and Retrieval "EDGAR Edgar or Eadgar (both: ĕd`gər), 943?–975, king of the English (959–75), son of Edmund, king of Wessex. In 957 the Mercians and Northumbrians rebelled against Edgar's brother Edwy and chose Edgar as their king. " system, in appropriate compliance with the amended NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). Eligibility Rule 6530. In accordance with the phase-in schedule of the new Eligibility Requirements and based on the time requirement of SEC review procedures, on Friday, Nov. 5, 1999, the company's stock-trading symbol (OTCBB:GAMM) was appended with an "E" (the temporary trading symbol Trading symbol See: Ticker symbol is OTCBB:GAMME). Because the OTCBB is a quotation service for NASD Market Makers, not an issuer listing service or securities exchange, there are no quantitative listing requirements Listing requirements Requirements, including minimum shares outstanding, market value, and income, that are laid down by an exchange for any stock to be listed for trading. that must be met by an OTCBB issuer. However, new Eligibility Requirements are in effect for both foreign and domestic issuers. Non-reporting companies whose securities were already quoted on the OTCBB on Jan. 4, 1999, started being alphabetically phased into compliance with the new requirements back in July 1999 and will end in June 2000. Effective Jan. 4, 1999, domestic issues quoted on the OTCBB are limited to the following securities: -- Securities of issuers that make current filings pursuant to Section 13 or 15(d) of the Securities Exchange Act ("Act"); -- Securities of depository institutions that are not required to make filings under the Act, but file publicly available reports with their appropriate regulatory authorities; -- Securities of registered closed-end investment companies closed-end investment company: see mutual fund. ; and -- Securities of insurance companies that are exempt from registration under Section 12(g)(2)(G) of the Act. Trading symbols appended with an "E" are subject to removal from the OTCBB in 30 calendar days (60 days if denoted with a plus sign "+") if the NASD does not receive information indicating that a company is current in its public reporting obligations pursuant to Rule 6530. Global Entertainment is in fact current in its public reporting obligations pursuant to Rule 6530. The company is working closely with advisors to maintain communication with the SEC during this review period. The company anticipates filing for a NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on small-cap listing early in 2000 utilizing its audited financial numbers for the fiscal year ending Dec. 31, 1999. This Form 10-SB filing is a necessary step prior to qualifying for a NASDAQ listing. Amendment to Rule 6530 This amendment to Rule 6530 limits quotations on the OTCBB to the securities of issuers that make current filings pursuant to Sections 13 and 15(d) of the Act, securities of depository institutions that are not required to make filings under the Act but file publicly-available reports with the appropriate regulatory agencies, registered closed-end investment companies, and insurance companies that are exempt from registration under Section 12(g)(2)(G) of the Act. EDGAR is the SEC's system for the receipt, acceptance, and review of documents submitted in electronic format. Global Entertainment Holdings/Equities provides development stage equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. and merger and acquisition related services to up-and-coming technology companies in the Internet gaming industry. Global Entertainment's wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. Interactive Gaming and Wagering N.V. (IGW IGW Increased Gross Weight (Boeing) IGW Investment Grade Wine IGW Integrated Gateway IGW Integral Gateway IGW Inter-Galactic War IGW If God's Willing IGW International Gateway IGW Internet Gateway IGW Industrial Security Gateway ), has developed proprietary software called the Internet & Telephony Sportsbook & Casino System (ITSCS) and maintains a hosting environment in Willemstad, Curacao. The ITSCS is a market leading turnkey sportsbook and casino software product and service combination that is licensed to third party online sportsbook and casino operators. Prevail Online Inc., based in San Francisco, is another wholly owned subsidiary that specializes in Web-publishing and operates three online services: www.wheretobet.com, www.thesportsdaily.com and www.netbet.org. Through the added value financial services provided by Global Entertainment, these sites are accepted as leaders in their industry. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement Some statements in this release are forward-looking and are subject to certain risks and uncertainties. These risks and uncertainties include but are not limited to economic conditions, changes in laws or regulations, demand for products and services of the company and the effects of competition. These risks and uncertainties could significantly affect anticipated results in the future and actual results may differ materially from any forward-looking statements. www.globalentertainmentinc.com www.interactive-gaming.com www.thesportsdaily.com www.netbet.org www.wheretobet.com Licensee Sites: www.fairdealsports.com www.wssbcasino.com www.gamedaysportsbook.com www.fairdealcasino.com www.wallstreetsuperbook.com www.gamedaycasino.com www.fivecardcharlie.com www.vipsports.com www.5cardcharlie.com www.vipcasinos.com |
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