GAHC sees support increase for acquisitions and pending partnerships with majority of shareholders supporting increase in authorized shares and reverse stock split
New York, NY, September 7, 2021 (GLOBE NEWSWIRE) – via NewMediaWire – Global Arena Holding, Inc. (the “Company”) (OTC PINK: GAHC), today announced that the Company has completed its annual meeting of shareholders (the “Annual Meeting” on September 7, 2021, every proposals that received the majority support of the Company’s shareholders.
Management reported that 62.76% of the company’s shareholders attended this year’s annual meeting. As stated in the proxy package, the proposals put to a vote at this year’s annual meeting were as follows:
· Re-election of members of the Board of Directors.
· Authorization to increase the authorized share capital of the Company.
· Authorization of a consolidation of shares of the outstanding ordinary shares; and
· Ratification of the appointment of the Company’s registered independent public accounting firm.
Management indicated that the reappointment of the current board of directors, John S. Matthews, Facundo Bacardi and Martin Doane, and the appointment of Raul Carrega, CPA, as an independent public accounting firm, have benefited from a overwhelming support. It is, however, the incredible support shown by the shareholders by giving the Board of Directors the necessary tools to meet the Company’s ongoing needs, in particular the increase of the authorized share capital up to 4 billion shares, and by authorizing the Board of Directors to perform a 1 for 12 reverse stock split, which was the clearest vote of confidence.
Management also wants to remind shareholders today that they had already voted for a one billion share increase in 2019. Shareholders also previously authorized a 1 for 4 stock split in 2018 – which management has decided not to use because the agreements presented at the time were not intended to benefit the shareholders of the Company. This year  Shareholders have shown strong support for both the authorized share increase and a reverse split simultaneously with over 70% of shareholders voting in favor of each proposal. Management strongly believes that support for these actions suggests that the market understands the Company’s business objectives and the growth potential resulting from acquisitions and partnerships.
It is also a testament to the market’s belief that “the management of the company takes its responsibilities to grow and protect shareholder value very seriously, and will not abuse the trust placed in them,” said John S Matthews, President and CEO of the Company.
Mr. Matthews concluded: “I cannot express enough how grateful we are to our shareholders for supporting our vision. Our shareholders have given management the opportunity to continue to pursue these opportunities which will contribute to the growth and future prosperity of Global Arena Holding and we will continue to strive to be the best in our market; as innovators and fundamentally sound in our business plan.
The annual meeting process was supported by: Clear Trust LLC, Broadridge and Mediant.
As always, management recommends reading the Company’s financial statements in their entirety and contacting 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 documents filed with the SEC, as the Company continues to pursue a more effective investor relations initiative.
Global Arena Holding, Inc. trades over the counter under the ticker symbol GAHC. The company has been publicly traded since 2011 and owns a number of interests including Global Elections Services, Inc., Tidewater Energy Group Inc. and GAHI Acquisition Corp. Please find company documents on SEC.gov
ABOUT Global Election Services, Inc. (GES)
Owned by Global Arena Holding Inc., GES provides comprehensive technology-based electoral 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 overseen the elections since 1981, having handled over eight thousand six hundred (8,600) election projects involving over forty million (40,000,000) voters, certifying every union election with the US Department of Labor. The primary method of voting for GES elections is the mail-in ballot. No election overseen by GES or its senior management has ever been overturned by the US Department of Labor. The management has an extremely solid reputation in the market and a very extensive long-standing client list. Our mission is to help our clients conduct efficient, accurate, secure and less expensive elections with greater turnout. As a viable independent third party running every election, we strive to increase methods and turnout while maintaining the integrity of a voter = a vote that our leadership team has been committed to for almost 4 years. decades.
Safe Harbor Declaration
The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements. Certain information included in this press release contains forward-looking statements, such as statements relating to the anticipated future direction of the industry, future expansion plans, various business development activities, planned or required capital expenditures, future sources of funding, expected sales growth and potential contracts. This forward-looking information involves significant risks and uncertainties that could significantly affect anticipated results in the future and, therefore, such results may differ from those expressed in forward-looking statements made by, or on behalf of, the company. These risks and uncertainties include, but are not limited to, those associated with development and expansion activities, dependence on existing management, financing activities, national and global economic conditions, and others. risks and uncertainties described in the Company’s periodic filings with the Securities and Exchange Commission.
Global Arena Holding, Inc.
208 East 51st St.
New York, New York 10022
Phone. : 646-801-5524