Global Arena Holding, Inc. Announces Second Quarter Financials
August 21 2018 - 10:47AM
InvestorsHub NewsWire
New York, NY. -- August 21, 2018
-- InvestorsHub NewsWire -- Global Arena Holding,
Inc. (the “Company”) (OTC PINK: GAHC), announced today
that the Company has filed its second quarter financials. Due to a
reduction in derivative liability, the Company’s basic and diluted
earnings per share were $0.01.
The Company has continued to fund the acquisition of certain
election assets, specifically the asset purchase of Election
Services Solutions, by Global Election Services, the Company’s
subsidiary (GES). The asset purchase provides new clients,
additional election expertise and a management team with an over
30-year track record conducting elections under the Department of
Labor rules and regulations.
The Company continued to fund development of certain election
software, for GES, specifically focusing on proprietary voter
registration systems, using the resources of our joint venture
partner, HCAS Technologies and Imaging 101. GES is deploying
election software which protects potential voter’s information, as
well as updating and determining individual voter eligibility. GES
is also deploying proprietary ballot scanning and tabulation
software which uses advanced OMR/OCR/Barcode scanning and
tabulation 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 and is hard wired, ensuring
complete security in the mail ballot process.
Included in the Company’s earnings to date is the completion of
two online elections completed by GES and Voting Portals. Together,
GES and Voting Portals have successfully completed a contract vote,
and an organized labor officer election with 15,500 members; both
elections were completed under the recent guidelines issued by the
US Department Labor for Online labor elections.
The Company’s chairman, Mr. Matthews, stated, “I am very pleased
with the progress of GES election technology development to date
and look forward to the new relationship
with Synectic Advisors, a joint venture announced in the
Company’s last 8K to develop Blockchain related solutions for
Ballot Creation, Registration Systems, Scanning of Ballots and
Private Secure Cloud / Data Warehouse.”
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 51st Street Suite 112
New York, NY 10022
kathryn@globalarenaholding.com
Tel: 646-801-5524
www.globalarenaholding.com
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