New York, NY, Nov. 02, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Global Arena Holding, Inc. (the "Company") (OTC PINK: GAHC), announced today, that management will detail the software development project headed by Synectic Advisors ("Synectic"), to integrate the Company's election software with the blockchain.
This announcement furthers an initiative to review and educate more than 11,000 GAHC shareholders on the Company's current position and the growth opportunities that could potentially emerge from the upcoming Annual Meeting of Stockholders ("Annual Shareholders Meeting"); November 16th, 2018 at 9:00 a.m. (EST), at the Hilton Garden Inn / Manhattan East, located at 206 East 52nd Street, New York, New York 10022.
Synectic is led by senior partners, Dennis Nadeau and Jon Dessel; both having excellent and highly distinguished careers encompassing advanced security technology, CIO leadership for a Fortune 500 sized company, and development of large-scale business applications. Through their leadership, Synectic will provide GAHC with both technological development services and innovative strategy design and guidance.
Under the terms of the Agreement, the Company will pay $85,000 in cash, 4.99% of the Company's common stock and a 6% net revenue participation. Naturally, the Company will have the ability to complete this transaction more effectively post 1 for 4 reverse split of the Company's outstanding common shares. This deal could greatly increase the overall value proposition of the Company and GES' service offerings.
Given the growth potential and increased value proposition created by this Synectic deal, as previously mentioned, the Board believes the adjusted 1 for 4 reverse split of the Company's outstanding common shares is necessary to optimally propel the Company forward with this and other deals pending the outcome of the Annual Shareholder's Meeting.
About Synectic
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
CONTACT:
Global Arena Holding, Inc.
208 East 51st Street
Suite 112
New York, NY 10022
Tel: 646-801-5524
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
To add Benzinga News as your preferred source on Google, click here.
