Name, Management Change for GAI Parent Company

Ault Glazer & Co., Inc., parent company of Global Authentication, will become "Global Sports and Entertainment, Inc." later this month. Bill Dully, brought aboard last year to help direct GAI, assumed the role of CEO and Chairman of the holding company earlier this week.

GAI says Global Sports and Entertainment will "embrace its focus on its core operating business", which is the San Clemente, CA-based GAI, a sports collectible grading and authentication company.

"I am excited to have the opportunity to run a public company with stakes in various firms with so much untapped potential," Dully said. He assumes control after the departure of Milton "Todd" Ault III who left his role as CEO and Chairman of the board to focus his efforts on developing the company's other businesses, which include an investment fund for the adult entertainment industry, Adult Entertainment Capital, Inc.

Dully says he plans to complete GSE's move to a fully reporting public company by early next year

"Focusing on sports and entertainment is a natural fit and opportunity for me to excel in what my talents will bear and my twenty plus years in these fields have allowed me to make many connections which I plan to explore so that the expansion of this firm will continue," Dully added.

Along with GAI and Adult Entertainment Capital, Global Sports and Entertainment includes Patient Safety Technologies, Freedom Grill, DigiCorp, Boom Studios and Hayes Brothers Snowboard Company.

Dully says he sees an opportunity to create value and help grow the assets of Ault Glazer & Co, Inc. "My background suits itself to this type of multi-faceted operation," he said in the company-issued news release.

Dully has spent the last 22 years running various companies including nine years at Upper Deck and Upper Deck Authenticated as Chief Operating Officer of Worldwide Operations. He was also President, COO and CFO for Donruss/Playoff before joined GAI last year as the company sought stability and direction in the wake of an eviction from its offices.