SOURCE: Global Arena Holding, Inc.

Global Arena Holding, Inc.

June 15, 2016 09:35 ET

Global Arena Holding Updates Investors

FORM 8-K Filing and Other Corporate Endeavors Mark Continued Momentum in Operations & Growth

NEW YORK, NY--(Marketwired - Jun 15, 2016) - Global Arena Holding, Inc. (OTC PINK: GAHC), (the "Company") announced today that the Company is in the process of making some significant adjustments that should be impactful to corporate operations; including timely filings, capital raising, acquisitions, partnerships and product development -- all contributing to the expansion and growth of its core business.

The Company CEO, John Matthews, said, "Over the past six months, we have worked diligently to continue setting the foundation needed to assist with the growth of our Global Election Services, Inc. ("GES") subsidiary. We have devoted much attention to advancing relationships with those technologies we intend to employ; either through acquisition or partnership. We have also looked to make some tough corporate decisions we believe will ultimately better the Company's position."

On Tuesday, June 14, 2016, the Company filed a FORM 8-K stating that a material change -- concerning its auditors -- had been made. The Company dismissed Wei, Wei & Co. LLP, and engaged the auditing services of Anton & Chia, LLP. Management indicated that the Company will now likely be able to file its financials shortly. This will bring the Company back to both "Current Filer" status with OTC Markets and compliant with the reporting requirements of the Securities & Exchange Commission.

Mr. Matthews concluded, "Making a change to a long-time auditor is never a decision taken lightly nor an easy process. While taking this route caused obvious disruption to a timely filing, we are happy to put this piece behind us, and move forward to bigger and better things.

"We are very pleased to soon be able to share the results of our work on several important endeavors, which I can say with a fair amount of confidence, our achievements will inspire stronger shareholder confidence. We are truly enthusiastic about our future and believe we will far surpass our 2015 achievements."

About Global Arena Holding

The Company 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., GAHI Acquisition Corp and Blockchain Technologies Corporation Inc. The Company focuses on acquiring technologies, patents and companies having the ability to leverage the blockchain crypto technology.

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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.

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