NEW YORK, NY--(Marketwired - Aug 25, 2015) - Global Arena Holding, Inc. (the "Company") (OTC PINK: GAHC) announced today the Company has received a capital infusion to be applied partly toward completing the acquisition of Blockchain Technologies Corporation ("BTC"). Additional financial commitments continue to be secured. It is anticipated that BTC will help the Company to deploy a strategy that leverages the underlying crypto technology of Bitcoin, 'Blockchain.'
"We have secured commitment dollars towards our Agreement and Plan of Merger with BTC. We expect to secure the remaining capital within a relatively short period of time," stated John Matthews, President and CEO of Global Arena Holding, Inc. "Moreover, we have a number of investment sources indicating serious interest to participate in both this initial raise and subsequent investments after the BTC acquisition is complete."
Armed with a well-developed network of contacts, management is confident in Matthews' ability to easily steer the Company to meeting its capital requirements. Once the necessary investment is secured, the Company will move to finalize the BTC acquisition. This enterprise, along with its five provisional patents and one non-provisional patent, "we believe, will not only contribute significantly to the future growth of our other operations -- particularly Global Election Services, Inc. -- but will very likely position Global Arena Holding, Inc. as a technology leader in the future of Blockchain innovations," concluded Mr. Matthews.
Management anticipates completing the BTC acquisition in September 2015. This could set the pace for the Company's ownership of advanced, innovative technologies/patents, poised to accelerate the growth and use of 'distributed database systems' and cryptocurrencies.
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. and Global Arena Investment Management LLC.
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.