about us

Management Team

Our management team consists of Mr. Micheal Holt, CEO and President; Cassie Jazmine, COO and Board Member; Richard Schmitz, CFO; our technology partners Ninthlink and NeuSolutions; Alex Consulting (stock market consultants); Evan Karsch (penny auction business consultants); as well as SEC attorneys; accountants; and several successful business entrepreneurs serving on our Board. These resources possess direct Penny Auction industry experience, as well as extensive experience in web development, internet marketing, and entrepreneurial ventures. Working together, we have meticulously developed our business plans which are designed to launch our brand and grow our business into a 100+ million-dollar valued company within a few years. The professional backgrounds of our key resources can also be found in the full business plan and upon request.

Key Management Bios

Micheal C Holt, CEO and Chairman of the Board

Mr. Holt has extensive experience in startup operations with 25 years of operations management experience and an emphasis in sales and marketing initiatives in working with small to mid-size firms. He owned and operated a nationwide seminar and event planning company as well as a real estate auction and investment company in San Diego, CA. Mr. Holt also offers his expertise to business owners through personal consulting services where he teaches strategies on starting and building a successful business. For over 18 years of his career, he worked for several fortune 1000 companies in a management and IT capacity fir firms such as General Electric, Management Insights, Systems and Computer Technology, and Harcourt Trade Publishers where he held such titles as CEO and COO and Senior VP.

Cassie Jazmine, COO and Board Member

As a solution creator committed to excellence and devoted to compassion, Ms. Jazmine is focused on raising the quality of life across the planet. Her attention to detail while keeping the vision of the project in focus requires a wide range of communication, business, and financial acumen. She is a flexible team player and a natural leader while maintaining the utmost integrity in all projects. Executing strategic visionary goals with the ability to connect differing views and ideas while driving the evolution of complex projects facilitates her innate ability to make positive impacts that routinely exceed expectations. She also brings over 20 years of industrial and distribution real estate experience that includes billions of dollars in transactions.

Richard Smeltz, CFO

A CPA (retired) and Attorney (inactive status) with over 25 years of experience in retailing as a financial executive. He spent five years (1969-74) with Bullocks Department Stores of California whose parent was Federated Department Stores headquartered in Cincinnati, Ohio. The stores operate today under the Macy’s banner. The computerization of the financial records and store operations was their highest priority. The learning experience was a major building block for his career. His next eight years (1974-83) was spent in the retail hardware business with The Handyman Corporation owned by Edison Shoe Stores based in St. Louis, Missouri. When he joined, they had 30 stores; nine years later they had 75 stores in California, Oregon, Arizona, Texas, Oklahoma, and Illinois. The founder’s son and other executives made presentations in 1982 to the executive committee of our parent company to adopt the Home Depot model but they believed the capital requirement would be excessive and declined. Handyman was successfully liquidated in 1986. Three executives left Handyman in early 1983 to prepare for the launch of a yet unnamed membership warehouse. In early 1983 the first five executives gathered in Denver to create Pace Membership Warehouse. From 1983 to 1988 as one of Pace’s five executives, he helped grow Pace from one store to over 90 stores doing billions of dollars in revenue; when Pace sold out to Kmart who resold to Sam’s in the early 1990s.

PAS Board and Key Advisors

Randell Young

Randell Young is the managing general partner of Venture-Net Partners, an investment group which currently includes: Doug Pewitt, the former assistant director of the White House Office of Science and Technology Policy in the Reagan Administration; and Mario Fiori, the former assistant secretary of the Army in the Bush Administration. He was an early-stage investor and board member of Accuray Incorporated (ARAY), manufacturer of the CyberKnife radiosurgery and Tomo radiotherapy systems; and an early-stage investor and current board member of Okeanos Technologies, developers of a new, ionized field-based desalinization platform. Randell Young has previously served as chief financial officer for portals MedNets.com (acquired by MD Home) and TheGospel.com (acquired by Maxx International) and participated as a director and early-stage investor in numerous other projects including Telephony International, Inc., a joint telecom venture with Lucent Technologies (ALU); Synodon, Inc. (SYD), developers of innovative pipeline surveillance technologies; The Orange County Blues Festival; and Kingstone Media Group. A founder and former Orange County Chapter Chair of Boone Pickens’ United Shareholders Association, Randell Young has represented shareholders and, on their behalf, addressed the annual meetings of Northrop Corporation, Allergan, National Education Corporation, Community Psychiatric and Southern California Edison. Randell Young is the author of Mission to Millionaireship. He has lectured at the graduate level on contemporary issues in venture capital at The University of Phoenix and holds a doctorate in music (D.Mus.) from City University Los Angeles. His Venture Capital Primer has been used by McGraw-Hill’s Online Learning Center in support of its textbook Principles of Corporate Finance, Sixth Edition (Brealey & Myers); and Harvard University in support of KSG PED-328 Community Financial Institutions and Microfinance in Theory and Practice.

Christian White

Christian White is the founder and managing general partner of Newport Social Group, an event production company which provides unique experiences for an elite clientele of entrepreneurs, investors and professionals. He has formerly served as an investment broker with Cushman & Wakefield and as an investment advisor to various family offices. He holds a BA in history from California State University Fresno and served as a Corpsman in the United States Navy.

David Wiggins, Audit Chairman

After working in marketing and sales for Coca Cola enterprises for over 8 years, Mr. Wiggins moved into the entertainment business joining TM Productions in 1994. Since that time, he has become a part owner and Vice President of TM Productions. In 2007, Mr. Wiggins formed MND Events to produce and promote club/bar events, with the intent to bring back the production of the party scene, which had been neglected for years. MND Events worked with the state of Hawaii to bring Paradise Festival to the islands in May 2011 as an event celebrating music and what local island has to offer. Mr. Wiggins has expanded his entrepreneurial endeavors since 2012 to include the buying and selling of abandoned storage units with much success. He also continues to acquire properties to develop into entertainment projects for film, television, and stage. Mr. Wiggins is a partner in Neighbors Entertainment, a commercial and independent film production company that controls the many film, stage, and book rights of the George Axelrod estate. He was a producer on the independent film “Em & Me” which won numerous awards on the film festival circuit both here in the states and abroad. Mr. Wiggins also served as Executive Producer on the hit independent film “My Big Fat Independent Movie.”

Balazs Wellisch, Technology and Ecommerce Business Consultant

Mr. Wellisch is an accomplished internet entrepreneur and technologist having founded, operated and guided to acquisition several profitable online, consulting, and ecommerce businesses. Drawing in over 20 years of experience in computing and software development, Mr. Wellisch has held several significant leadership roles throughout his career. Me. Wellisch founded and operated Neu Solutions, a provider of e-business optimization services, culminating in the company’s successful acquisition in 2008. Previously, Mr. Wellisch served as Chief Technology Officer and Co-Founder of Digital Trends, growing the startup into a multimillion dollar business while servicing several fortune 500 companies among its clientele. As a direct result of this success, Digital Trends was purchased by Change.com, a subsidiary of Business.com, in a lucrative acquisition deal. Business.com was later acquired by Dex One (then R.H. Donnelley). Mr. Wellisch has also served as Vice President of Engineering as well as Chief Technology Officer for several successful internet startups.