Global Arena Holding Annual Shareholder Meeting Exceeds Quorum And Passes Proposals with Clear Majority Support
October 13 2019 - 7:32PM
InvestorsHub NewsWire
NEW YORK, NY -- October 13, 2019 -- InvestorsHub
NewsWire -- Global Arena Holding, Inc. (the “Company”) (OTC
PINK: GAHC), announced today, the company has completed its Annual
Meeting of Stockholders (the “Annual Meeting”) on October 11, 2019
with its proposals receiving majority support from its
shareholders.
The three proposals, (1) re-appoint the Board of
Directors, John S. Matthews, Facundo Bacardi and Martin Doane, (2)
authorization to increase the authorized capital stock to 2
Billion, and (3) to ratify the appointment of Raul Carrega, CPA as
the Company’s independent public accounting firm for the year ended
December 31, 2019, were all accepted by the majority of Company’s
shareholders during the Annual Meeting.
“I am pleased with the results of the Annual Meeting as
it demonstrates our shareholders’ approval of the Company’s current
direction and trajectory,” said John S. Matthews, CEO. “Over
the next few weeks the Company will update its shareholders on the
completion of the acquisition of assets of Elections Services
Solutions, the continuing development of election technology for
registration and tabulation with our technology partners HCAS
Technologies, Voting Portals, LLC, and Blockchain Valley Ventures
of Zug, Switzerland, our new joint venture with TrueVote Inc., and
the development of GAHI Acquisition Corp. Thanks to our very
supportive shareholders, both the Board and management will
continue working diligently to build the Company’s overall
value.”
The proposal to increase the authorized shares was a
paramount decision that the Company’s shareholders made. It
gives the Company the ability to push forward with the endeavor’s
management believes will positively impact the growth of the
Company.
Mr. Matthews concluded, “I’d like to thank our
shareholders for their vote of confidence in giving us the ability
to continue building the Company in a manner we believe will be the
most beneficial to future value of the Company. We will
continue striving to be the best in our marketplace; both
innovative and fundamentally sound in our business
plan.”
The Annual Meeting process was supported by: Clear Trust
LLC, Broadridge, Mediant and Laurel Hill Advisory
Group.
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 51stStreet
Suite 112
New York, NY 10022
kathryn@globalarenaholding.com
Tel: 646-801-5524
www.globalarenaholding.com
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