Global Arena Holding Details Synectic Advisors Deal to Integrate GES Election Software With Blockchain
November 02 2018 - 7:11AM
InvestorsHub NewsWire
New York, NY -- November 02, 2018 -- InvestorsHub NewsWire
-- Global Arena Holding, Inc. (the “Company”) (OTC
PINK: GAHC), announced today, that management will detail the
software development project headed by Synectic Advisors
(“Synectic”), to integrate the Company’s election software with the
blockchain.
This announcement furthers an initiative to review and educate
more than 11,000 GAHC shareholders on the Company’s current
position and the growth opportunities that could potentially emerge
from the upcoming Annual Meeting of Stockholders (“Annual
Shareholders Meeting”); November 16th, 2018 at 9:00 a.m.
(EST), at the Hilton Garden Inn / Manhattan East, located at 206
East 52nd Street, New York, New York 10022.
The Board has entered into an Application Development and
Services Agreement (“Agreement”) with Synectic Advisors, a software
company with 25+ years’ experience in executive management and
corporate enterprise-quality software solutions development.
Synectic has been at the forefront of blockchain and virtual
currency development since 2009. The software
company boasts an impressive in-house blockchain research and
development team whom have
an extensive working knowledge of developing
blockchain interoperability solutions, enterprise applications
utilizing virtual currencies, crypto security solutions, customized
side-chain, and blockchain products.
Synectic is led by senior partners, Dennis Nadeau and
Jon Dessel; both having
excellent and highly distinguished careers
encompassing advanced security technology, CIO leadership for a
Fortune 500 sized company, and development of large-scale
business applications. Through their leadership,
Synectic will provide GAHC with both technological
development services and innovative strategy design and
guidance.
Under the terms of the Agreement, Synectic Advisors will
review Global Election Services’ (“GES”) existing software,
increase the ease to which systems can be operated, and assist in
the planning and development of election registration software
programs to be utilized with the Blockchain. The
objective is to integrate the following election software
programs with the Blockchain: Ballot
Creation, Registration System, Scanning of Ballots,
and Private Secure Cloud / Data Warehouse.
Under the terms of the Agreement, the Company will pay $85,000
in cash, 4.99% of the Company’s common stock and a 6% net revenue
participation. Naturally, the Company
will have the ability to complete this transaction more
effectively post 1 for 4 reverse split of the Company’s
outstanding common shares. This deal could greatly increase
the overall value proposition of the Company and GES’ service
offerings.
“As with the acquisition of GES, the Board believes
the completion of this Synectic software development project for
election integration with the blockchain is quintessential to
the growth and expansion of GES, as well as its positioning as an
industry leader in both the online voting and paper ballot voting
segments of the marketplace,” said Mr. Matthews, CEO of Global
Arena Holding. “This project affords GES the ability to
expand its customer base, which could even include city
municipalities and local government.”
Given the growth potential and increased value proposition
created by this Synectic deal, as previously mentioned, the Board
believes the adjusted 1 for 4 reverse split of the Company’s
outstanding common shares is necessary to optimally propel the
Company forward with this and other deals
pending the outcome of the Annual Shareholder’s
Meeting.
Mr. Matthews concluded, “I cannot reiterate this enough. The
upcoming Annual Shareholder’s Meeting is an important
one. The confidence of the marketplace hangs in the
balance of our being able to complete deals like the Synectic
software development project and the GES Acquisition. It
is therefore important that shareholders are fully informed on all
of the amazing opportunities pending the outcome of this Annual
Shareholder’s Meeting and should feel free to contact GAHC to
discuss and address any questions they may have.”
About Synectic
Synectic is a problem-solving technique that seeks to promote
creative thinking among small groups of people. This term
effectively describes the recognized success of the company to
competitively position its clients to scalable
growth. The Synectic Advisors team has built an
undisputable stellar reputation in providing global advisory
services bridging the gap between strategy design and execution of
cutting-edge technology. The alignment between business strategy
and operations automated through the use of technology is what
distinguishes Synectic as a leading business advisory firm.
Synectic Advisors consists of the best and brightest business
leaders from numerous industries with best-in-class, advanced
enterprise quality technology solutions that deliver the business
of tomorrow today. Their practical approach allows businesses to
achieve early wins while continuing to innovate for the future.
They are proud to offer client services based on specific business
requirements to position their clients for growth.
Contact: Jon@SynecticAdvisors.com; http://synecticadvisors.com
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.
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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