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First International On-Line Soccer Gaming Site Launched

29 March 2000

OMAHA, Neb., March 29 (Press Release) - Global Entertainment Holdings/Equities, Inc. (OTC/Pink Sheets: GAMM) (http://www.globalentertainmentinc.com) announced today in conjunction with its wholly owned subsidiary, Interactive Gaming & Wagering NV (IGW), the successful UK launch of the first dedicated to world-wide soccer Internet betting service, http://www.VIPsoccer.com .

VIPsoccer.com is supported by IGW's most sophisticated transaction-orientated server hosting facility and turnkey sportsbook and casino software. The initial launch event took place at Wembley stadium, the spiritual home of world soccer, during England's friendly soccer match with Argentina, attracting high profile media interest.

VIPsoccer.com accepts bets from everywhere in the world on a wide range of major soccer leagues including UK Premiership and Italian Serie A, as well as leagues in Argentina, Spain and Brazil. Unlike many gaming sites, IGW enables VIPsoccer to be fast, friendly and secure.

Because IGW has vast experience in Internet gaming software development, the new soccer betting site demonstrates simplicity in setting-up an account, logging in, and playing. Moreover, IGW hosts this new wagering software in its totally secure server farm in Willemstad, Curacao.

"Sports betting is clearly making a successful transition onto the Internet in the UK and Europe," said Bryan Abboud, Managing Director of software licensor IGW. "The ubiquitous nature of the Internet means that consumers are looking more and more to conduct traditional 'offline' pursuits online and we are proud to be at the forefront of online gaming software development."

"We are pleased to license sophisticated software from IGW. They continually exceed expectations and deliver solid product with exceptional support, as is most exemplary in our recent role-out of VIPsoccer in the UK," said Alistair Assheton, General Manager of IGW licensee, VIP.

Global Entertainment Holdings/Equities, Inc. (OTC/Pink Sheets: GAMM) provides development stage equity financing and merger and acquisition related services to up-and-coming technology companies in the Internet gaming industry.

Global Entertainment's wholly owned subsidiary Interactive Gaming and Wagering N.V. (IGW), 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.

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