Our management team is a dedicated group of experienced senior level executives, entrepreneurs, and business professionals. We have direct industry experience in owning and operating online businesses and successfully administering the critical component of web development and Internet marketing.
In addition to having the technical expertise required to properly launch and operate a penny auction website, our team has done what is expected of every professional internet marketing team: We have carefully researched and identified the target market and thoroughly prepared our marketing plan to effectively reach our audience.
As professionals, we operate with integrity and with a strong focus on providing the best customer service and customer experience in the industry.
Key Management Bios
Micheal C Holt, CEO
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 had 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 for 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. Mr Holt is now serving as CEO of Penny Auction Solutions, Inc.
Richard Smeltz, CFO
A retired CPA & Attorney with over twenty five years of experience in retailing as a financial executive. Richard spent five years 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 our financial records and store operations was our highest priority. The learning experience was a major building block in his career. His next 8 years was spent in the retail hardware business with The Handyman Corporation owned by Edison Shoe Stores based in St. Louis, MO. When Richard 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. Richard then joined an executive team to create Pace Warehouse in Denver. As one of Pace’s five executives he helped grow Pace from one store to over ninety stores doing billions of dollars in revenue; when we sold out to Kmart who resold to Sam’s in the early nineties. The last ten years of his career were spent in the medical technology arena using the internet to facilitate all aspects of communication in the healthcare industry as a financial and administrative executive. The company was sold to Eli Lilly in 1995 and to Web MD in 1999.
PAS Board & Key Advisors
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 has been neglected for years. MND Events worked with the state of Hawaii to bring Paradise Festival (www.paradisefestival.net) 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 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 has 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”.
John Johnson, J. Johnson Consulting, LLC
Mr. Johnson is currently the President, CEO and Managing Member for J. Johnson Consulting, LLC located in Aurora, Colorado and has been since he founded the company in 2004. Mr. Johnson brings numerous years of contacts and business expertise to PAS. Mr. Johnson, after volunteering and serving 8 years of active duty in the U.S. Army during the Vietnam conflict relocated himself and his family to the Denver, Colorado area where he has served in numerous sales and management positions beginning with the New York Life Insurance Company where he was the Rookie of the Year. Mr. Johnson was recruited into the Investment Banking business in 1980 and spent the next 10 years raising tens of millions of dollars for startup and existing companies while serving in positions varying from Investment Broker to Sales Manager, National Sales Manager and Senior Vice President. Desirous of a more laid back lifestyle Mr. Johnson got involved in the Golf industry where he spent 14 years in establishing 3 different companies dealing with both private and public golf courses and the individual golfer. In addition, he opened lines of communication and marketing contracts with companies such as Glenlivet and MCI. He has developed and maintains contact with the Major League Baseball Players Alumni Association (MLBPAA) and the National Football League (NFL).
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 e-commerce businesses. Drawing on over 20 years of experience in computing and software development Mr. Wellisch has held several significant leadership roles throughout his career. Mr. 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 start-up 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.
Cassie Jazmine, Expansion Expert & Strategist
Cassie Jazmine has been an investor and entrepreneur for over 20 years. Some of her favorite industries to work in are casinos, private capital, hospitality and fitness. English is Cassie’s native language; however, she speaks multiple languages, with French and Mandarin being her most fluent second languages. Cassie has worked with and/or in multiple countries, such as France, Belize, China, the UK, Mexico and Spain, to name a few. Having been involved in various types of business expansions across multiple industries and countries with total value over a billion dollars, Cassie brings insight into all aspects of successful business expansion. Cassie is best known for her ability to connect with people and get everyone on the same page for growth in a business.