New York, NY -- August 6, 2021 -- InvestorsHub NewsWire
-- Global Arena
Holding, Inc. (the “Company”) (OTC
Markets:GAHC),
a growth oriented, acquisition minded company focused on specific
niche markets offering exponential growth, is pleased to announce
that on Thursday, August 12, 2021 at 4:30 p.m. (EDT), the Company
will host a webinar to provide shareholders with clarity on
discussion points to be voted on at the Company’s upcoming Annual
Stockholders’ Meeting scheduled for September 7, 2021.
The Company will provide stockholders with the
pertinent information to access this webinar within 48 hours of the
scheduled event.
As previously announced, the Company mailed out a Proxy
Packet to all of its Stockholders of record (as of July 8, 2021),
giving notice of the Annual Stockholders’ Meeting scheduled for
September 7, 2021. This Meeting will cover the following
discussion points to be voted on:
- Re-election of members to the Board of Directors;
- Authorization of an increase in the Company’s authorized
capital stock;
- Authorization of a reverse stock split of the outstanding
common shares; and
- Ratification of the appointment of the Company’s
independent registered public accounting firm
John S. Matthews, the Chairman and CEO of Global Arena Holding,
Inc., stated, “We understand that sometimes subject matters such as
those we’ll be voting on come September 7th, may tend to appear
daunting. This is particularly the case when we’re
discussing very important and rather sensitive matters such as a
possible increase to the Company’s authorized capital stock
and/or the possible reverse stock split of the outstanding common
shares. These topics are the primary reason for the
August 12th webinar.
“It is important that all of our voting and non-voting
stockholders appreciate why we consider these actions as both
necessary, and beneficial to the Company’s overall growth
potential. We believe that after the August
12th webinar, stockholders may come to fully understand our
interest in, and enthusiasm for, pursuing these options
(possible increase to the Company’s authorized capital
stock and/or the possible reverse stock split of the outstanding
common shares).”
Management has indicated that in order for the Company to
continue on its current trajectory, there are a number of pending deals
and imminent opportunities that need to be
consummated. These would include (but are not
limited to) :
1. Amended asset purchase agreement
with Election Services Solutions, LLC.
2. Management believes there is a
unique opportunity in conducting United States and Foreign
Government Elections. GES’ senior Management team’s primary
business for 40 years has been mail/absentee ballot elections. In
the U.S., there are 3,007 counties, 64 parishes, 19 organized
boroughs, 11 census areas, 41 independent cities, and the District
of Columbia, all of whom purchase updated Election Machines and
Software. Each municipal county individually purchases election
voting machines under the guidance of their own State’s Secretary
of State. The United States Government, through the Elections
Assistance Commission, certifies election software and hardware for
use in U.S. Government Elections. The certification process usually
takes approximately 6 months and companies applying for
certification can spend up to $750,000.
The Company has engaged software and hardware developers, with
whom GES is working to begin the qualification process for U.S. and
various U.S. State certifications. This will require the hiring of
additional technical software employees, and additional outside
vendors who in initial discussions are interested in stock-based
compensation.
3. Joint venture with TrueVote,
Inc.— currently building a comprehensive end-to-end,
de-centralized, completely digital voting system.
4. In 2020, the Company’s
subsidiary, Global Election Services, Inc. (“GES”), developed,
built and implemented a propriety online election voting solution
that is compliant with Title IV of the United States Department of
Labor Office of Labor-Management Standards. The platform enables
GES to protect individual client data, including the ability to
encrypt it, move it, and manage retention (if required).
5. GES is working to provide our
current and future clients with the ability to create instant
communication and feedback with their members, using any social
media device available today. The company is building an interface
for communication and connection to:
- Communicate a Message – An organization can get their
message out clearly in the form required, without any unwanted
media spin, bias, filtering, or comment.
- Fine Tune Policies – Test-drive policies and projects
with immediate response, allowing for responsive adjustments to be
made to make a message more acceptable to the community.
- Build a Positive Image – Enhancing the concept of ‘open
communication’ and ‘democratic politics’, which leads to an
enhanced positive perception of leaders by their constituents.
- Learn More About a Group – Learning more about a group’s
preferences and opinions on an infinite number of topics can help
the Organization, Institution or League and leaders better serve
the community and meet their needs in a variety of ways.
Management understands the complexity of stockholders voting for
the Authorization of an increase in the Company’s authorized
capital stock as well as the Authorization of a reverse stock split
of the outstanding common shares. However, opportunities
such as these act as the key driver of management’s proposals; only
to be used if needed. Furthermore, considering that the
Company has entered into debt reduction arrangements
(mentioned here and here), management believes that the ‘so-called’
toxic convertible debt obligations have been dramatically reduced
and close to being eliminated — meaning, excessive dilutive
conversions are not a driving factor in management’s contemplation
of adjusting the capitalization table.
The fact is, there is just an unbelievable amount of distrust in
voting companies by U.S. citizens due to the 2020 Presidential
election. Management firmly believes this unfortunate
reality may create a unique opportunity for the Company, whereby
these proposals will be very helpful in ensuring the future growth
of the Company.
Management would also like to take this opportunity to remind
its stockholders that they previously voted for, and authorized the
use of a reverse stock split, which management decided against
using as the deals presented at the time were not believed to
benefit the Company’s stockholders. To that end,
management would like to reaffirm that the proposals sought for
authorization would only be used if management and its outside
legal and financial advisors agreed that any action, such as a
reverse stock split, would be accretive and/or hold some other
benefit to its stockholders.
Management is confident that the August 12th webinar
(Thursday at 4:30 pm EDT) will provide stockholders with the
insight they need to grasp the importance of the
upcoming Annual Stockholders’ Meeting and the support
that is needed from both voting and non-voting stockholders to help
keep the Company on track for an exceptional 2022.
John Matthews concluded, “I’m looking forward to this
webinar. Not only do I believe it is the right thing to
do for our stockholders, but it will set the tone for the type of
professionalism, commitment to stockholder inclusion and continued
growth that can be expected from this management. I ask
that all stockholders, along with anyone interested in our
Company’s future, please attend our webinar on Thursday, August
12th at 4:30pm EDT.”
As always, management recommends reading the Company’s
financials in their entirety and contacting the Company at any time
with any questions.
For more information on these and other developments, please
visit the Company’s website at: http://GlobalArenaHolding.com, where
you can also access all SEC filings, as the Company continues to
pursue a more effective investor relations initiative.
ABOUT GAHC
Global Arena Holding, Inc. trades on the OTC Markets, under the
ticker symbol GAHC. The Company has been publicly traded since 2011
and holds a number of interests, including Global Elections
Services, Inc., Tidewater Energy Group Inc., and GAHI Acquisition
Corp. Please find the Company’s filings at SEC.gov
ABOUT
Global Election Services, Inc. (GES)
Owned by Global Arena
Holding Inc., GES provides comprehensive technology-enabled
election services to organizations such as craft and trade
organizations, labor unions, political parties, co-operatives and
housing organizations, associations and professional societies,
universities, pension funds and credit unions, and entertainment
organizations. GES senior management has been supervising elections
since 1981, having managed more than Eight Thousand Six Hundred
(8,600) election projects involving over Forty Million (40,000,000)
voters, certifying each labor election with the U.S. Department of
Labor. The primary method of voting for GES elections is Paper Mail
Ballots. No election supervised by GES or its senior management has
ever been overturned by the U.S. Department of Labor. Management
has an extremely strong reputation in the market and a very
extensive, longtime customer list. Our mission is to help our
clients conduct efficient, accurate, secure and less costly
elections with greater participation. As a viable independent third
party managing each election, we work to increase methods and rates
of participation while maintaining the One Voter = One Vote
Integrity that our management team has been committed to for nearly
4 decades.
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 St.
Suite 112
New York, NY 10022
kathryn@globalarenaholding.com
Tel: 646-801-5524
www.globalarenaholding.com
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