NEW YORK, NY-- (NewMediaWire - Jul 7, 2015) - Global Arena
Holding Inc. (OTC
PINK: GAHC) is announcing today that its subsidiary
company, Global Election Services Inc. (GES), is forming an
Arbitration Division that will utilize blockchain technology that
will assist in labor and contract disputes. GES will work with the
Blockchain Technologies Corporation in development of this
division. GAHC previously announced an agreement and plan of merger
with the Blockchain Technologies Corporation.
GAHC has announced that one of its holdings, Global Election
Services Inc. (GES), will launch an Arbitration Division in the
third quarter of 2015. Recent Arbitration Clauses in labor
contracts have gained substantial value to both parties as a rapid
and inexpensive method for resolution of "garden variety" contract
disputes and also as a cathartic process which relieves shop level
tensions without "self-help" or other disruptive actions by
employees or their labor organizations.
"This is another great opportunity to illustrate the potential
we are unlocking using the technology of the blockchain," said Nick
Spanos, Founder and CEO of Blockchain Technologies Corporation.
"Using the blockchain increases transparency, and will bring
smoother resolutions to disputes."
Arbitration services are a natural companion service to GES
inasmuch as providing election services will often yield the
opportunity to offer arbitration services to existing clients and
potential new clients. In addition, many elections either require
or should require the use of an election arbitrator to resolve
eligibility and related issues during the course of the election.
Having a panel of arbitrators available for that purpose adds value
to the election service.
The GES Arbitration Division will be involved in potential
caseloads by organizing the selection and scheduling process and
then monitoring the hearing and transmitting the Award of the
arbitrator to the parties.
GES CEO Maralin Falik said, "I am very excited to add the
Arbitration Division to GES, as this will be a valuable add-on
service to our existing clients and I believe it will assist GES in
gaining new clients."
GAHC is trading on the OTC Pink Sheets and has been publicly
traded since 2011. GAHC holds a number of interests, including
Global Elections Services, and Global Arena Investment
Management.
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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
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affect anticipated results in the future and, accordingly, such
results may differ from those expressed in any forward-looking
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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.