This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Global Entertainment Announces Internal Reorganization And The Miller Group Special Assignment

Global Entertainment Corporation (OTCBB: GNTP) – an integrated event and entertainment company, today announced several decisions related to an internal reorganization as well as the involvement of The Miller Group on a special assignment at the behest of the company’s Board of Directors.

In an effort to streamline the Board process and reduce the company’s cost structure both Michael L. Bowlin and Mark Schwartz voluntarily resigned from the Board of Directors of the company.

Michael L. Bowlin, President and Chief Executive Officer of Bowlin Travel Centers, Inc., stated, “I have appreciated the honor of serving as a member of the Global Entertainment Board of Directors, however, I feel it is in the best interest of the company for me to resign my position as a member of this board and as a result, eliminate the cost to the company associated with my continued membership.” Mr. Bowlin continued, “I wish the best to the company as a whole and plan to make myself available if I can be of any assistance in the future.”

Mark Schwartz, President of G & S Metal Products Company, Inc., stated, “I have always put the interest of Global Entertainment and its shareholders at the forefront and have determined that given the current environment that the company is operating in, a smaller, lower cost and more nimble Board is in the best interest of the shareholders.” Mr. Schwartz emphasized, “I wish both the company and the Board the best of luck.”

Also as part of the company’s internal reorganization, the Board of Directors of Global Entertainment elected to eliminate the position of general counsel.

In addition, the Board of Directors of the company appointed Steven E. Lee, 53, as Executive Vice President, Chief Administrative Officer and Secretary. Mr. Lee will oversee the company’s administrative and operational functions, including human resources, information technology, legal, contract administration and related areas. Mr. Lee’s background includes serving as a Senior Vice President of Scott Communities, a residential home builder with operations in Arizona and Texas, where his responsibilities included negotiating land acquisitions, vendor contracts and sales contracts, managing forward planning, entitlements and IT functions and overseeing the company’s human resource, warranty and legal issues. Prior to his position with Scott Communities, Mr. Lee was an Associate General Counsel for Avnet, Inc., a Fortune 500 company, where he managed the customer contract department and was responsible for negotiating and preparing a variety of commercial agreements. Mr. Lee is a licensed attorney in the State of Arizona.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,672.60 -141.38 -0.79%
S&P 500 2,051.82 -11.33 -0.55%
NASDAQ 4,757.8790 +7.4820 0.16%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs