Act Company

-- separate limits of liability for claims of wrongful acts taken against the company itself, maintaining the individual protection of directors and senior management

-- cover for legal representation expenses incurred by the company for investigations under The Safety, Health and Welfare at Work Act 2005

-- public relations costs incurred in limiting the damage to the company's reputation, following prosecutions under the Act.

In addition, specific cover is provided for employment practices liability claims against the company, providing balance sheet protection against defence costs and awards incurred defending claims for actual or alleged employment related wrongful acts.

Commenting on the extension to its cover, Damien Toal, ACE's Financial Lines Manager for Ireland, said: "The legal and legislative environment for small and medium sized companies and their directors is constantly evolving - as a leading provider of D&O insurance, it is vital that our cover continues to reflect these changes.

"Under the Act, individual directors are increasingly at risk and it is important that they have cover in place which will protect their individual assets. The addition of separate limits of liability for claims against the company itself is vital protection for small and medium sized companies where the directors, officers and senior managers are likely to have a substantial financial interest in the company."

Notes to Editors

* The Safety, Health and Welfare at Work Act 2005

The Health and Safety Authority is required, under section 57 of the Safety, Health and Welfare at Work Act 2005 (No. 10 of 2005) to keep under review safety and health legislation (relevant statutory provisions) and other statutes (associated statutory provisions) that have a bearing on occupational safety and health. The Authority will submit such proposals to the Minister for Labour Affairs, as appropriate, from time to time.

A wide range of occupational safety and health and dangerous substances legislation and associated codes of practice are administered and enforced, in whole or part, by the Health and Safety Authority.

ACE

Part of the ACE Group of Companies, ACE European Group comprises the operations of ACE Europe, ACE Global Markets and ACE Tempest Re Group. ACE Europe provides a range of tailored Property and Casualty, Accident and Health and Personal Lines solutions for a diverse range of clients. ACE Global Markets (AGM) is ACE's specialty international business, underwriting through ACE's Lloyd's Syndicate 2488 and ACE European Group Limited. Specialty lines include excess and surplus lines business, Marine, Aviation, Energy and Political Risk as well as Property, Financial Lines and Accident and Health. Additional information on ACE European Group can be found at www.aceeuropeangroup.com.

The ACE Group of Companies is a global leader in insurance and reinsurance serving a diverse group of clients. Headed by ACE Limited (NYSE: ACE), the ACE Group conducts its business on a worldwide basis with operating subsidiaries in more than 50 countries. Additional information can be found at: www.acelimited.com

SOURCE: ACE

ACE
Katie Weeks
Communications Manager
+ 44 (0) 20 7173 7585
katie.weeks@ace-ina.com

As EMTA is a 33 Act Company, by SEC Rule, its management is not required to file a Form 4 to disclose the stock purchases and therefore the management team will provide periodic updates regarding their purchase of EMTA stock.

About EMTA Holdings

EMTA Holdings, Inc., (OTCBB: EMHD) develops and manufactures innovative products to conserve energy, particularly for petroleum-based fuels. The Company's engine and fuel additives are marketed under the brands XenTx(TM), Synergyn(TM) and CleanBoost(TM) brands, and are sold both to commercial and retail customers. They are available from key distributors, major automotive retailers and online at http://www.emtacorp.com/store. For additional information on EMTA products, please visit http://www.xentx.com.

Forward-Looking Statements: This press release discusses certain matters that may be considered "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the intent, belief or current expectations of EMTA Corp. ("the Company") and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties that could materially affect actual results such as, but not limited to: the ability of the Company to raise necessary capital; to attract and retain effective management; the lack of viable commercial applications or the failure of third-party contractors to perform their contractual obligations. Prospective investors are also referred to the other risks identified from time to time in the Company's reports and registration statement filed with the Securities and Exchange Commission.

     CONTACT:

     Larry Downs
     Director of Communications
     Equiti-trend Advisors
     800-585-6988
     lwdowns@equititrend.com

     Or

     Paula C. Wright
     VP IR/PR/Media
     EMTA Holdings, Inc.
     480-222-6222
     pwright@emtacorp.com

SOURCE EMTA Holdings, Inc.

http://www.emtacorp.com

The news comes on the heels of several positive movements by the company to jump start its music division by acquiring rights to hundreds of original songs and commercial jingles. The company has hinted of major new business expansion plans, and has announced its intention of bringing on a new CEO and of becoming a fully reporting 34 Act company. The company also expects to announce its new name in the coming days.

ABOUT GLOBAL ENTERTAINMENT

Global Entertainment Acquisition Corporation is an emerging film production company headed by Maurice Smith, a veteran filmmaker who has produced many successful and memorable films such as "Screwballs," "Totally Blonde," "Alien Predator," "Recruits 1 and 2" and many other films over his distinguished 30 year career. His films have been distributed in virtually every country in the world and he has distribution on several films currently with some of the largest film distributors in the world.

The company will focus on producing small budget films in the Comedy and Sci Fi genres while searching for and developing emerging talent including writers, directors and actors to work on their films. In an era of expanded outlets of distribution, content is in higher demand than ever. It is Global's mission to become a leading content provider of entertaining, high quality films to feed the global demand.

Safe Harbor Disclosure:

This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.

For more information or investor questions contact:
1-877-576-8007
Investorrelations@globalentertainment.com
www.globalentertainmentcorp.com

SOURCE: Global Entertainment Acquisition Corporation

mailto:Investorrelations@globalentertainment.com
http://www.globalentertainmentcorp.com