New York, NY -- August 11, 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 the Company has filed the 10-Q for the
quarter ended June 30, 2021; reminding stockholders to attend the
webinar:
When: Aug 12, 2021, 4:30 PM Eastern Time (US
and Canada)
Topic: GAHC Shareholder Update Discussion
Please click the link below to join the webinar:
https://us06web.zoom.us/j/87316475143
Or One tap mobile:
US:
+19292056099, 87316475143# or
+13126266799, 87316475143#
Or Telephone:
Dial (for higher
quality, dial a number based on your current location):
US: +1 929 205 6099 or +1
312 626 6799 or +1 301 715 8592 or +1 669 900 6833 or
+1 253 215 8782 or +1 346 248 7799
Webinar ID: 873 1647 5143
International numbers available: https://us06web.zoom.us/u/kqQQqFyZn
The 10-Q for the quarter ended June 30, 2021 reflects
management’s continued effort to grow the Company at a steady and
disciplined pace. Financial highlights include but are
not limited to:
- Revenue increased 51% to $350,676 for the second quarter as
compared to $232,237 in the second quarter of 2020.
- Losses from operations decreased 41% to $193,016 as compared to
$329,901 in the corresponding quarter last year.
- Net loss was $102,388, a decrease of 92% from a net loss of
$1,323,178 in the second quarter of 2020.
Management reported that revenues for the six months ended June
30, 2021, reflected $585,261 as compared to $340,666 for
the same six-month period in 2020. Management also attributes the
substantial decline in net losses to a significant reduction in the
change in fair value of the derivative liability. This is
partly due to the Company having entered into debt reduction
arrangements (mentioned here and here). These debt reduction arrangements
dramatically reduced the ‘so-called’ toxic convertible debt
obligations meaning that excessive dilutive conversions no longer
weigh down the Company’s financials.
It is management’s intention to, amongst other topics, touch on
the Company’s financials and speak to its current trajectory during
the upcoming webinar that stockholders can access on Thursday,
August 12, 2021, at 4:30 p.m. (EDT), using the following link:
https://us06web.zoom.us/j/87316475143
Or One tap mobile:
US:
+19292056099, 87316475143# or
+13126266799, 87316475143#
Or Telephone:
Dial (for
higher quality, dial a number based on your current location):
US:
+1 929 205 6099 or +1 312 626 6799 or +1 301 715 8592 or +1
669 900 6833 or
+1 253 215 8782 or
+1 346 248 7799
Webinar ID: 873 1647 5143
International
numbers available: https://us06web.zoom.us/u/kqQQqFyZn
As previously announced, this webinar is
primarily meant to provide stockholders with clarity on those
discussion points to be voted on at the Company’s
upcoming Annual
Stockholders’ Meeting (September 7, 2021). These
discussion points are:
· 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., previously 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 stockholders are reminded 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
re-affirm 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) — accessible here: https://us06web.zoom.us/j/87316475143 — 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 look forward to having this very
important webinar and request that all stockholders, along with
anyone interested in our Company’s future, please attend.”
As always, management recommends reading the Company’s
financials in their entirety and contact 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.
GAHC
ZOOM WEBINAR
When:
Aug 12, 2021, 04:30 PM Eastern Time (US and
Canada)
Topic:
GAHC Shareholder Update Discussion
Please
click the link below to join the webinar:
https://us06web.zoom.us/j/87316475143
Or One
tap mobile:
US:
+19292056099, 87316475143# or
+13126266799, 87316475143#
Or
Telephone:
Dial (for higher quality,
dial a number based on your current location):
US: +1 929 205 6099 or +1 312 626 6799 or +1 301 715
8592 or +1 669 900 6833 or
+1 253 215 8782 or +1 346 248
7799
Webinar ID: 873 1647 5143
International numbers available: https://us06web.zoom.us/u/kqQQqFyZn
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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