New York, NY , Jan. 29, 2018 (GLOBE NEWSWIRE) -- Global Arena Holding, Inc. (the “Company”) (OTC PINK: GAHC), announced today, that the Company has officially engaged HCAS Technology Inc. (HCAS) to provide software development services and infrastructure technology to its operating subsidiary, Global Election Services (GES), as well as name a former Senior Business Leader of Information Security for Visa Inc., as the Company’s Chief Information Officer.
Under the terms of the Master Services agreement, GAHC will pay a monthly retainer of $5,000.00 and issue 30 million warrants exercisable at $0.01; expiring in 5 years. HCAS will provide GAHC with personnel to perform the Services of: Resources Software Programmers, Technical Consultants, Project Manager, Senior Application Specialists, Application Specialists, Senior Technical Specialists, Enterprise Architect and Information Risk Manager. The CEO of HCAS, Magdiel Rodriguez – who has also previously served as Vice President of Corporate Security for MasterCard Worldwide from 2013 to 2016, will assume the role of Chief Information Officer of GAHC. In this role, Mr. Rodriguez will oversee all technology innovations, including the use of the Blockchain in the Company’s elections software.
GAHC and HCAS have successfully worked together in the past year developing new election technology for Global Election Services. This innovation includes advanced registration software that determines voter eligibility as well as the implementation of GES’ proprietary software and hardware system for ballot scanning during the tabulation process. The software is an advanced OMR/OCR/Barcode software featuring de-skewing, de-speckling and image correction.
The computer hardware and software has been designed to run without Internet or Wi-Fi access. This affords GES a considerable competitive advantage as other systems have shown serious vulnerability to hacking. The GES software and hardware system is hard wired, ensuring complete security.
In the advancement of election technology, GAHC will continue developing software systems with an emphasis on protecting voter registration data and tabulation using Blockchain Technology; technologies GAHC began exploring and investing in since 2015.
John Matthews, the CEO of GAHC said, “It has been an honor to work with the HCAS team over the past year as we redeveloped our election technology. Today marks a turning point in our growth as HCAS and Mr. Rodriguez are committed to completing the development of our proprietary hardware and software systems for elections using Blockchain Technology.
“In the area of Information Security, Enterprise Risk Management and Compliance, Information Technology and Operations, Mr. Magdiel Rodriguez brings to us 25 years of expertise. His knowledge extends to a broad range of related areas including Network Engineering, Enterprise Governance, Risk and Compliance and Payment networks within the financial industry. He has been responsible for developing business units and operational strategies; improving the competitive positions of the major organizations he has worked with.
“We are so very fortunate to have acquired the expertise of such a well-established and exceptionally seasoned business leader and senior executive. I am excited to know that GAHC and GES will have a dedicated team of software specialists, directed by Magdiel.”
“This is an amazing time to partner with Global Arena Holding to develop state of the art, Blockchain Technology applications for election services,” said HCAS CEO Magdiel Rodriguez.
“We are thrilled to be applying this distributed consensus model to influence and create vertical blockchain applications that will prove both useful to the world and lucrative to Global Arena Holding,” concluded Matthews.
HCAS and its subsidiaries design and create information technology and information systems management including software development services, infrastructure, network, support, corporate security, and risk management. HCAS works with leading organizations to provide collaborative solutions to their Business and IT challenges with innovative ideas that are embraced by their customers. More than 25 professionals leverage deep industry knowledge across various verticals including: Banking and Financial Services, Healthcare, and Insurance to deliver robust digital solutions in key areas of client growth. HCAS is a unique technology company that specializes in business process improvement and automation, helping organizations optimize their underlying processes to achieve more efficient results.
For more information visit: http://hcastechnology.com
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
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.