New York, NY -- October 22, 2018 -- InvestorsHub NewsWire --
Global Arena Holding, Inc. (the “Company”) (OTC
PINK: GAHC), announced today, that the company has launched an
initiative to further review and educate its 11,046 shareholders on
the current position of the Company 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 52ndStreet, New York, New York 10022.
Management suggested that the first subject matter needing
immediate review and understanding by shareholders is the Company’s
core business; Global Election Services Inc. and the necessity to
complete the acquisition of Elections Services Solutions LLC.
Global Election Services, Inc. (“GES”), a subsidiary
of GAHC, operates as the Company’s only revenue source. GES
has accessed the majority of its current
business through Election Services Solutions
Inc. and has produced gross sales of
$1,986,748 since its inception as a result of the
relationship. GES has entered into an Asset Purchase
Agreement (“APA”) to purchase 100% of the assets of Election
Services Solutions. In order to complete this
acquisition, the Company must pay, $500,000 – of which
$466,150 has already been paid – and issue 12,500,000 restricted
common shares to ESS, post-split.
The Board of GAHC believes that the GES APA with
Election Services Solutions is not only about the referral of
business, but the acquisition of critical management
experience, knowledge and knowhow, and software
development. John S. Matthews, Chairman of GES stated,
“Marlin Falik, our current CEO of GES, comes to us from
Election Services Solutions and has more than thirty-five
years experience in election administration, helping to manage and
conduct over eight thousand five hundred elections, the
majority being mail ballot elections involving over
40,000,000 voters. Maralin’s expertise in elections is second to
none having worked from 1981-1999 at the Honest Ballet Association,
a not-for-profit organization founded by Theodore Roosevelt, where
she was Executive Director.”
Mr. Matthews further commented, “The current discussion on voter
eligibility and the use of paper ballots in US elections, as
recommended by the United States Senate on Select Intelligence
Committee, opens up numerous possibilities for GES’ growth in 2019
once it completes the full acquisition of Election Services
Solutions, LLC.”
Mr. Matthews continued, “The Board believes the completion of
this acquisition is vital to the future growth of the
Company. The venture between GES and Election Services
Solutions affords the Company consistent and scalable
revenue. It also positions GAHC to develop and deploy a
number of growth strategies that are highly impactful to
shareholder confidence.
“Without the core business of GES firmly in place, it will be a
challenge for GAHC to continue growing at the pace we
envision.”
Given this, management firmly believes that the adjusted 1 for 4
reverse split of the Company’s outstanding common shares, is
necessary. Without this action, it will be nearly
impossible to complete the acquisition of Election Services
Solutions in conjunction with a view to deploy the Company’s growth
model. The Company needs to remain in good standing with
the APA in order to retain GES’ revenue.
With this new ‘review and educate’ initiative, management
intends to list and detail over the next three weeks, all of its
pending transactions – such as the aforementioned
APA. Management will communicate this through an updated
marketing campaign. Management also encourages shareholders to
contact the Company by calling or email.
Mr. Matthews concluded, “This Annual Shareholder’s meeting is an
important one. The confidence of the marketplace hangs
in the balance of how well shareholders understand the Company’s
current position. Therefore, no question is too big or
small for our team to address.”
The Company will speak to its amazing software development
project with Synectic Advisors in the next review of GAHC’s
growth opportunities project review.
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 51 st StreetSuite 112 New York, NY 10022 kathryn@globalarenaholding.com Tel: 646-801-5524 www.globalarenaholding.com
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