Global Arena Holding Updates Shareholders on Recent Developments
January 28 2020 - 5:37PM
InvestorsHub NewsWire
NEW YORK, NY -- January 28, 2020 -- InvestorsHub NewsWire
-- Global Arena Holding, Inc. (the “Company”) (OTC
PINK: GAHC), a growth oriented,
acquisition minded company, focused on specific niche markets
offering exponential growth is pleased to update its shareholders
on recent and upcoming developments.
GAHC's subsidiary, Global Election Services (GES), whose
management team has 39 years of election administration experience
providing state-of-the-art secure voting solutions to Labor Unions
and other private entities recently began addressing the US and
Foreign paper mail ballot elections market. We are proud to
announce that GES has been retained to administer the North Dakota
Democratic-NPL Presidential Primary election. GES will be
administering a hybrid election solution wherein eligible North
Dakota voters will have the option to call a GES managed call
center or fill out an online form to request a mail-in ballot prior
to election day. On Election Day, GES will supervise 14 in-person
voting locations around the state and, upon polls closing, will
process and tabulate all the ballots and report results that
determine the state’s Democratic nominee.
Additionally, we are pleased to announce that GAHC has completed
80% of the cash portion of its purchase of a 30% interest in
TrueVote, Inc., as TrueVote completes development of a proprietary,
comprehensive, end-to-end, de-centralized and completely digital
voting system. This revolutionary system will be based upon
traditional and proven database methodologies then layered with a
"checksum" that's posted on the Blockchain. The end result will be
voting data that is both immutable and unalterable. This design
will ensure that every vote is transparently counted and
verifiable. The completed acquisition is scheduled and on target to
close prior to the end of this first quarter.
Finally, in an effort to increase shareholder value and
broaden our ability to grow through diversification, our Board of
Directors authorized and completed formation of a new venture,
Tidewater Energy Group Inc. and appointed John S. Matthews and
Jason Old as Board members.
The Company has been formed to explore opportunities in the oil,
gas, mineral and energy industry.
Tidewater has initially issued 10,000,000 million common shares
to the following individuals:
-
Global Arena Holding Inc. - 5,100,000 common shares. (51%)
-
Thomas Kivisto - 3,150,000 common shares. (31.5%)
-
Jason Old - 1,250,000 common shares (12.5)
-
Thirty-One Ten Investments - 500,000 common shares (5%)
The Company has invested $50,000 into Tidewater Energy Group
Inc. for general capital and administrative expenses.
In the weeks to come, the Company will further update its
shareholders on the completion of the acquisition of assets of
Elections Services Solutions, the continuing progress of GES’
Government certification process, the development of our
relationship with Blockchain Valley Ventures in Zug, Switzerland
and our new joint venture with TrueVote Inc., plus the development
of Tidewater Energy Group.
For more information on these and other developments, you are
encouraged to visit our website at http://GlobalArenaHolding.com where you can also
access all our SEC filings, as we continue to pursue a more
effective investor relations initiative.
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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