Global Arena Holding Annual Shareholder Meeting Passes Proposals With Clear Majority Support
November 16 2018 - 11:38AM
InvestorsHub NewsWire
New York, NY -- November 16, 2018 -- InvestorsHub NewsWire
-- Global Arena Holding, Inc. (the “Company”) (OTC
PINK: GAHC), announced today, the company has completed
its Annual Meeting of Stockholders (the “Annual Meeting”)
this morning with its proposals receiving majority support from its
12,000+ shareholders.
The two proposals, (a) re-appoint the Board of Directors, John
S. Matthews, Facundo Bacardi and Martin Doane and (b) 1 for 4
reverse split, were both accepted by the majority of Company’s
shareholders during the Annual Meeting.
“I am pleased with the results of the Annual Meeting as it
demonstrates our shareholders’ approval of the Company’s current
direction and trajectory,” said John S. Matthews,
Chairman. “Our current Board of Directors has been very
focused on keeping the Company’s management and business plan on
track. Thanks to our very supportive shareholders, both
the Board and our Management will continue working diligently to
build the Company’s overall value.”
Being able to initiate the 1 for 4 reverse split was a paramount
decision that the Company’s shareholders made. It gives
the Company the ability to push forward with the endeavors
Management believes will positively impact the growth of the
Company. Management plans to continue with its ‘Review
and Educate’ initiative, discussing all of its pending transactions
– such as the completion of an asset purchase of Election
Services Solutions LLC, and the software development project
headed by Synectic Advisors to integrate the Company’s
election software systems with Distributed Ledger Technology (AKA
Blockchain).
Mr. Matthews concluded, “I’d like to thank our shareholders for
their vote of confidence in giving us the ability to continue
building the Company in a manner we believe will be the most
beneficial to future value of the Company. We will
continue striving to be the best in our marketplace; both
innovative and fundamentally sound in our business plan.”
The Annual Meeting process was supported by: Clear Trust
LLC, Broadridge, Mediant and Laurel Hill Advisory
Group.
About Global Arena Holding
Global Arena Holding, Inc. trades on the OTC Pink Sheets under
the ticker symbol GAHC. The Company has been publicly
traded since 2011 and holds a number of interests, including Global
Elections Services, Inc. and GAHI Acquisition Corp. The
Company focuses on acquiring technologies, patents and companies
having the ability to leverage the blockchain crypto
technology.
For more information
visit: http://globalarenaholding.com
Safe Harbor Statement The Private
Securities Litigation Reform Act of 1995 provides a "safe harbor"
for forward-looking statements. Certain information included in
this press release contains statements that are forward-looking,
such as statements related to the future anticipated direction of
the industry, plans for future expansion, various business
development activities, planned or required capital expenditures,
future funding sources, anticipated sales growth, and potential
contracts. Such forward-looking information involves important
risks and uncertainties that could significantly affect anticipated
results in the future and, accordingly, such results may differ
from those expressed in any forward-looking statements made by, or
on behalf of, the company. These risks and uncertainties include,
but are not limited to, those relating to development and expansion
activities, dependence on existing management, financing
activities, domestic and global economic conditions, and other
risks and uncertainties described in the Company's periodic filings
with the Securities and Exchange Commission.
CONTACT:
Global Arena Holding, Inc.
208 East 51st Street
Suite 112
New York, NY 10022
kathryn@globalarenaholding.com
Tel: 646-801-5524
www.globalarenaholding.com
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