Growth Strategy for the Company
Management believes there are four significant opportunities to increase market share; the growth and expansion of GES paper absentee/mail ballot business; Internet voting for private non-government clients; development of Blockchain Voting Applications; and the diversification Tidewater Energy Group Inc can deliver.
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1) GES plans to enter the Political Party elections market in the 1st quarter of 2020, and the US Government/Foreign Government by the second quarter of 2021, by providing proprietary comprehensive technology-enabled election software and services. In the US there are 3,007 counties, 64 parishes, 19 organized boroughs, 11 census areas, 41 independent cities, and the District of Columbia, all of whom are going to buy updated Election Machines and Software in the near future.
Each municipal county individually purchases election voting equipment and software under the guidance of each State’s Secretary of State. In January 2017, President Barack Obama issued an Executive Order declaring United States government elections a “Critical Infrastructure”. President Donald J. Trump further extended this “Executive Order”.
According to the National Conference of State Legislatures, five states currently conduct all elections entirely by mail; Colorado, Hawaii, Oregon, Washington and Utah and at least 21 other states have laws that allow certain elections to be conducted by mail.
2) GES also offers online voting for craft and trade organizations, labor unions, political parties, co-operatives, housing organizations, associations, professional societies, and universities. GES believes this is an option that will save clients significant dollars in the reduction of printing and US Mail costs. GES is working with its joint venture partner Voting Portals LLC on this effort.
3) Management sees a unique opportunity in Blockchain Voting Technology, and is working with Blockchain Valley Ventures and TrueVote Inc, which could positively impact Global in many aspects of its business, including;
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Securely storing Voter Registration Information on the blockchain.
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Creating an international capability to administer or joint venture in conducting foreign government elections.
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Creating a secure Internet voting record on the blockchain for online elections.
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Administer Financial Services Elections, such as Proxy’s and shareholder votes.
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Documenting current voting applications.
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Reducing cost and time of delivery, enabling scalability.
4) Tidewater Energy Group was formed for the purpose of creating diversification for the Company. Directed by Jason Old, Tidewater Energy Group brings a number of seasoned, well-respected members of the Energy Industry to the Company.
The new age of unconventional drilling has reset the life cycle of the exploration and production industry. Beginning in the mid-2000’s, management teams and their private equity sponsors were able to deploy capital and realize gains quickly by building contiguous acreage positions that they flipped to larger operators. This added value by creating high working interest, horizontal drilling locations and resulted in extremely high IRRs with low equity multiples.
As public companies and larger private independents secured their acreage positions, drilling locations became less attractive in the short-term. Public valuations soon became depressed, partially due to their expensive drilling inventory, the values of which would take time to realize (i.e. drill). Simultaneously, commodity prices began to fall, further reducing the value of upside.
Larger companies are now focused on acquiring production that is immediately accretive, and we are beginning to see consolidation. Assets are now priced on current production with little to no value given to upside. Management believes this creates an opportunity for Tidewater Energy Group Inc., for the following reasons:
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Consolidation drives disposition of “non-core” assets
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Tidewater Energy Group Inc can protect its downside by purchasing stable, low-risk cash flow at a discount
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Tidewater Energy Group Inc technical team is uniquely positioned to cherry pick those opportunities with attractive upside through recompletions, workovers, and development drilling
