The Summit Team
Tim M. Betts
Mr. Betts has served as CEO and Director of the Company since its inception in July 2018. He was previously Chairman of the Board, Secretary and a director of Muscle Maker, Inc., a national healthy fast casual restaurant chain, from December 2014 to May 2018. From December 2014 through October 2015, he also served as the Chief Executive Officer, President, and Chief Financial Officer of Muscle Maker, Inc. Mr. Betts has also served as the Chairman of the Board, Secretary and Manager of each of Muscle Maker Development, LLC and Muscle Maker Corp., LLC since August 25, 2017 and September 15, 2017, respectively. From June 6, 2017 to September 15, 2017, he was the Chairman of the Board, Secretary and a director of Muscle Maker Brands Conversion, Inc. From December 2014 to June 5, 2017, he was the Chairman of the Board and Secretary and the Manager of Muscle Maker Brands, LLC, which converted in to Muscle Maker Brands Conversion, Inc. on June 6, 2017. From December 2014 to October 2015, Mr. Betts was the President and Chief Executive Officer of Muscle Maker Brands, LLC. Since June 2012, Mr. Betts has served as the Chief Executive Officer and the President of and is the co-founder of American Restaurants Holdings, Inc. (“American Restaurant Holdings”), the direct parent company of American Restaurants, LLC, which formerly owned more than a 90% equity interest in Muscle Maker prior to the Spin-Off of Muscle Maker in March 2017. Mr. Betts has been instrumental in the acquisition of the current three brand portfolio of American Restaurant Holdings (including Fresca’s Mexican Grill, Canyon Fireside Grille, and Jojo’s Pizza Kitchen) and has overseen the daily operations of American Restaurant Holdings. With over 20 years of business/financial experience, he served as the Managing Director of Nobis Capital Advisors, Inc., a business advisory firm, from December 2008 to May 2012. From 2004 to 2008, Mr. Betts was the Director of Investment Banking for Westcap Securities, Inc., a licensed broker/dealer. Prior to joining Westcap Securities, Mr. Betts was a Managing Director of CK Cooper and Company, a broker/dealer engaged in the oil and gas and technology markets. Early in his career he was a Senior Research Analyst for a Taiwan-based Venture Capital firm, SKY Capital Partners, that made numerous investments in computer and information technology companies. Mr. Betts received his Master’s Degree in Business Administration from the University of LaVerne.
Mr. Arnold has served as the Company’s President and Director since its inception in July 2018. He is also the Vice President of Capital Markets for American Restaurant Holdings, Inc. (ARHI) starting in June 2012. Mr. Arnold has been instrumental in raising growth capital for ARHI during his ongoing tenure. From December 2008 to May 2012 he served as Vice President of Capital Markets for Nobis Capital Advisors, a regional business advisory firm. He was a Vice President at Westcap Securities from 2003 until 2008 and was also a Vice President at Hampton Capital from 1995 until 2003. Education includes studies in Business and Economics from California State University Los Angeles and Pepperdine University. Over his career Mr. Arnold has raised millions of dollars in growth capital for companies in various industries including information technology, healthcare, business services, and others.
The Company has partnered with Blockchain Assets Group (BAG; www.blockchainassets.global) to serve as its technical advisor as it rolls out its Master Node growth plan. BAG is comprised of uniquely qualified blockchain experts with a US-based management team along with support staff in India, Estonia, London, and Singapore. The company started out in 2012 mining bitcoin on rudimentary computers and has since evolved into other areas of the cryptocurrency ecosystem. They have been successful in a number of cryptocurrency projects including code development, marketing, and initial coin offering launches.
These projects have reached a combined market cap of over $500 million USD.They have also been involved in auditing blockchains/ICO
developments and launches, as well as backend programming. The BAG team also boasts vast experience in frontend and backend development, with expertise in PHP, PYTHON, and SOLIDITY programming languages. The company doesn’t simply scan and study the assets they manage-they know them down to the individual lines of