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New York, NY – 
focused on specific niche markets offering exponential growth — is pleased to
announce that the Company has mailed out a Proxy Packet to all of its
Stockholders as of the record date of July 8, 2021, giving notice of the Company’s
upcoming Annual Stockholders’ Meeting scheduled for September 7, 2021.
While the Proxy Packet will
offer the Stockholders of Record a detailed description of the items that will
be discussed and voted on, management believes it to be prudent to briefly
touch upon what the main discussion points of the meeting will be for the
benefit of all GAHC stockholders. These points are as follows:
· Re-election
of members to the Board of Directors;
· Authorization
of an increase in the Company’s authorized capital stock;
· Authorization
of a reverse stock split of the outstanding common shares; and
· Ratification
of the appointment of the Company’s independent registered public accounting
firm
In the next two weeks,
management will host a brief webinar to provide clarity on these
points. The ‘Re-election of
members to the Board of Directors’, and ‘Ratification
of the appointment of the Company’s independent registered public accounting
firm’ are straight forward points. However, both the increase to
the Company’s authorized capital stock and the reverse stock split of the
outstanding common shares require more insight; particularly as management
views these actions as both necessary and beneficial to the Company’s overall
growth potential.
John S. Matthews, the Chairman
and CEO of Global Arena Holding, Inc., stated, “We are very happy with the
Company’s overall progress, especially our operating subsidiary, Global
Election Services Inc. And in order to continue on that trajectory,
there are a number of pending deals and imminent opportunities we really need
to consummate this year. Therefore, having an ability to
appropriately adjust the cap table in support of our continued growth and value
proposition is paramount and we will handle this responsibility with care.”
“What I ask of all
Stockholders, as well as anyone interested in our Company’s future, is to
please attend our upcoming webinar. At that time, we will dive into
the actions we are proposing and provide clarity on how we intend to leverage
either a stock split, and/or an authorized stock increase, for the overall
growth and advancement of Global Arena Holding, Inc.”
Management will soon announce a
date and time for the upcoming webinar [August] to address the discussion
points that will be voted on at the Annual Meeting of Stockholders on
September 7, 2021.
As always, management
recommends reading the Company’s financials in their entirety and contact the
Company at any time with any questions.
For more information on these
and other developments, please visit the Company’s website at: http://GlobalArenaHolding.com, where you can also access all SEC
filings, as the Company continues to pursue a more effective investor relations
initiative.
ABOUT GAHC
Global Arena Holding, Inc. trades
on the OTC Markets, under the ticker symbol GAHC. The Company has been publicly
traded since 2011 and holds a number of interests, including Global Elections
Services, Inc., Tidewater Energy Group Inc., and GAHI Acquisition Corp.
Please find the Company’s filings at SEC.gov
ABOUT Global Election Services, Inc. (GES)
Owned by Global Arena
Holding Inc., GES provides comprehensive technology-enabled
election services to organizations such as craft and trade organizations, labor
unions, political parties, co-operatives and housing organizations,
associations and professional societies, universities, pension funds and credit
unions, and entertainment organizations. GES senior management has been
supervising elections since 1981, having managed more than Eight Thousand Six
Hundred (8,600) election projects involving over Forty Million (40,000,000)
voters, certifying each labor election with the U.S. Department of Labor. The
primary method of voting for GES elections is Paper Mail Ballots. No election
supervised by GES or its senior management has ever been overturned by the U.S.
Department of Labor. Management has an extremely strong reputation in the
market and a very extensive, longtime customer list. Our mission is to help our
clients conduct efficient, accurate, secure and less costly elections with
greater participation. As a viable independent third party managing each
election, we work to increase methods and rates of participation while
maintaining the One Voter = One Vote Integrity that our management team has
been committed to for nearly 4 decades.
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
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