New York, NY -- January 29, 2018 -- InvestorsHub NewsWire
-- Global Arena Holding, Inc. (the “Company”) (OTC
PINK: GAHC), announced today, that the Company has officially
engaged HCAS Technology Inc. (HCAS) to provide software development
services and infrastructure technology to its operating subsidiary,
Global Election Services (GES), as well as name a former Senior
Business Leader of Information Security for Visa Inc., as the
Company’s Chief Information Officer.
Under the terms of the Master Services agreement, GAHC will pay
a monthly retainer of $5,000.00 and issue 30 million warrants
exercisable at $0.01; expiring in 5 years. HCAS will provide GAHC
with personnel to perform the Services of: Resources Software
Programmers, Technical Consultants, Project Manager, Senior
Application Specialists, Application Specialists, Senior Technical
Specialists, Enterprise Architect and Information Risk Manager. The
CEO of HCAS, Magdiel Rodriguez – who has also previously served as
Vice President of Corporate Security for MasterCard Worldwide from
2013 to 2016, will assume the role of Chief Information Officer of
GAHC. In this role, Mr. Rodriguez will oversee all technology
innovations, including the use of the Blockchain in the Company’s
elections software.
GAHC and HCAS have successfully worked together in the past year
developing new election technology for Global Election
Services. This innovation includes advanced registration
software that determines voter eligibility as well as the
implementation of GES’ proprietary software and hardware system for
ballot scanning during the tabulation process. The software is an
advanced OMR/OCR/Barcode software featuring de-skewing,
de-speckling and image correction.
The computer hardware and software has been designed to run
without Internet or Wi-Fi access. This affords GES a
considerable competitive advantage as other systems have shown
serious vulnerability to hacking. The GES software and hardware
system is hard wired, ensuring complete security.
In the advancement of election technology, GAHC will continue
developing software systems with an emphasis on protecting voter
registration data and tabulation using Blockchain Technology;
technologies GAHC began exploring and investing in since 2015.
John Matthews, the CEO of GAHC said, “It has been an honor to
work with the HCAS team over the past year as we redeveloped our
election technology. Today marks a turning point in our growth as
HCAS and Mr. Rodriguez are committed to completing the development
of our proprietary hardware and software systems for elections
using Blockchain Technology.
“In the area of Information Security, Enterprise Risk Management
and Compliance, Information Technology and Operations, Mr. Magdiel
Rodriguez brings to us 25 years of expertise. His knowledge
extends to a broad range of related areas including Network
Engineering, Enterprise Governance, Risk and Compliance and Payment
networks within the financial industry. He has been
responsible for developing business units and operational
strategies; improving the competitive positions of the major
organizations he has worked with.
“We are so very fortunate to have acquired the expertise of such
a well-established and exceptionally seasoned business leader and
senior executive. I am excited to know that GAHC and GES will
have a dedicated team of software specialists, directed by
Magdiel.”
“This is an amazing time to partner with Global Arena Holding to
develop state of the art, Blockchain Technology applications for
election services,” said HCAS CEO Magdiel Rodriguez.
“We are thrilled to be applying this distributed consensus
model to influence and create vertical blockchain applications
that will prove both useful to the world and lucrative to Global
Arena Holding,” concluded Matthews.
About HCAS
HCAS and its subsidiaries design and create information
technology and information systems management including software
development services, infrastructure, network, support, corporate
security, and risk management. HCAS works with leading
organizations to provide collaborative solutions to their Business
and IT challenges with innovative ideas that are embraced by their
customers. More than 25 professionals leverage deep industry
knowledge across various verticals including: Banking and Financial
Services, Healthcare, and Insurance to deliver robust digital
solutions in key areas of client growth. HCAS is a unique
technology company that specializes in business process improvement
and automation, helping organizations optimize their underlying
processes to achieve more efficient results.
For more information visit: http://hcastechnology.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
Twitter: www.twitter.com/GlobalArenaGAHC
Facebook: www.facebook.com/GlobalArenaHoldingGAHC
LinkedIn: www.linkedin.com/pub/global-arena-holding/107/86a/a7
Google+: http://tinyurl.com/GlobalArenaHolding
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 Street
Suite 112
New York, NY 10022
kathryn@globalarenaholding.com
Tel: 646-801-5524
www.globalarenaholding.com