In order to actively examine all avenues available to the company, the Board has called upon The Miller Group, through its affiliated entities Miller Capital Corporation and Miller Capital Markets, LLC, to provide additional strategic consulting assistance to the Board and management along with investment banking services.Chairman of the Board, W. James Treliving stated, “I am appreciative of the actions taken by Mike Bowlin and Mark Schwartz to reduce the company’s costs and all of the contributions they have made to Global Entertainment over the years. The Board fully understands the present challenges the company faces, however, we believe in the potential of Global Entertainment, anchored by our successful Central Hockey League operations.” Mr. Treliving elaborated, “With that in mind, the Board considers it imperative to proactively review all existing and new alternatives to create a positive future for the company. We have requested The Miller Group’s specific management consulting and investment banking expertise to assist the Board and company in overcoming the challenges presented by today’s economic environment.” Visit our web sites:
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: limited liquidity and the need for additional financing, intense competition within the sports and entertainment industries, past and future acquisitions, expanding operations into new markets, risk of business interruption, changing consumer demands, dependence on key personnel, sales and income tax uncertainty and increasing marketing, management, occupancy and other administrative costs.