GEE Global Entertainment Corp.

Global Entertainment Corporation (AMEX: GEE), a company engaged in sports management, arena and related real estate development, facility and venue management and marketing, venue ticketing and brand licensing, today announced that on May 10, 2007, an agreement was signed for the development of a multi-purpose events center to be located in Dodge City, Kansas. The development project was approved by the Dodge City and Ford County Commissions. International Coliseums Company (ICC), a Global subsidiary that has completed multiple projects of this nature, will lead the design phase and have oversight responsibility for the construction phase that is expected to begin in December 2007. Dodge City, situated in the center of America�s Heartland, has a population of approximately 34,000 and boasts with pride its Western heritage. Dodge City and the surrounding area have experienced growth unequaled by any other Eastern Kansas city, which makes the feasibility and long-term success of this project achievable. The area is well known for historical and rodeo events, which the new center will easily accommodate, with additional events to include concerts, trade shows, family shows, agricultural events and other civic functions. The closest major city is Wichita, roughly 150 miles east of Dodge City. The new $33.7 million multi-purpose events center is well suited to enhance nearby attractions and allow room for future development. The center will have approximately 4,300 seats, with designated VIP seating and luxury suites as well. Steven J. Bielewicz, president of Global Properties, said, �It has been a pleasure presenting our plans to the city and county commissions for a multi-purpose events center that will serve Dodge City and the surrounding communities, and provide a new option for a wide range of entertainment and civic events. ICC will now move forward to refine our design to meet the specific requirements of Dodge City. Our Encore division will be engaged in a multi-year agreement to manage the center, which will include staffing and catering. Under Encore, our licensing and advertising division, GEMS, will handle sales and marketing services. Our GetTix subsidiary will provide exclusive ticketing services for all events held at the events center.� Richard Kozuback, president and chief executive officer of Global Entertainment Corporation, stated, �Dodge City and its surrounding communities have the profile we seek for the development of a multi-purpose events center. Our events centers provide a modern facility for the various well-established entertainment venues already enjoyed by a community, while offering the opportunity to add new venue options to enhance the entertainment value a city can offer its citizens. We have several opportunities of this nature in other cities throughout the U.S. in various stages of negotiations that we anticipate will move to approval status in the coming months.� Visit our web sites: www.globalentertainment2000.com www.centralhockeyleague.com www.coliseums.com www.Cragar.com www.GetTix.com Global Entertainment Corporation is an integrated events and entertainment company focused on mid-size communities that is engaged, through its seven wholly owned subsidiaries, in sports management, multi-purpose events and entertainment center and related real estate development, facility and venue management and marketing, venue ticketing and brand licensing. The Western Professional Hockey League, Inc., through a joint operating agreement with the Central Hockey League, is the operator and franchisor of professional minor league hockey teams in nine states. International Coliseums Company serves as project manager for arena development, while Encore Facility Management coordinates all arena facility operations. Global Entertainment Marketing Systems (GEMS) pursues licensing and marketing opportunities related to the Company�s sports management and arena developments and operations. Global Properties I, in correlation with arena development projects, works to maximize value and development potential of new properties. Global Entertainment Ticketing (GetTix.Net) is an in-house ticketing company for sports and entertainment venues. Cragar Industries, Inc. is the licensor for its nationally recognized, branded products CRAGAR�, TRUSPOKE�, CRAGAR S/S� and STREET PRO�. Certain statements in this release may be "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. These forward-looking statements may include projections of matters that affect revenue, operating expenses or net earnings; projections of capital expenditures; projections of growth; hiring plans; plans for future operations; financing needs or plans; plans relating to the company's products and services; and assumptions relating to the foregoing. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking information. Some of the important factors that could cause the company's actual results to differ materially from those projected in forward-looking statements made by the company include, but are not limited to, the following: intense competition within the sports and entertainment industries, past and future acquisitions, expanding operations into new markets, risk of business interruption, management of rapid growth, need for additional financing, changing consumer demands, dependence on key personnel, sales and income tax uncertainty and increasing marketing, management, occupancy and other administrative costs. These factors are discussed in greater detail in the company's Annual Report on Form 10-KSB for the year ended May 31, 2006, as filed with the Securities and Exchange Commission.