User:Godspeed2110

Born 29 1962 (53) Middlesex, southeast England Citizenship English-American Occupation Founder, Chairman, and CEO, Elite Showcase holdings Inc.

Howard Edward Holmes (Born 29,1962) is an American entrepreneur and is the founder, chairman, and CEO of Elite Showcase Holdings,[2] a holding company that trades on the New York Stock Exchange under the symbol ES. Holmes controls the Elite Showcase marketing/Advertising Company, First Guard Insurance, several Magazine publications in advertising and the Western corporation among others, which are subsidiaries of Elite Showcase Holdings.[3] Holmes is also the founder, chairman, and CEO of Elite Showcase Capital, the general partner of The Lion Fund.

Early history Holmes was born in England in 1962, To the parents of The United States Air Force (USAF), Father Clancenace Edward Holmes, USAF), Mother Linda Colleen Pearsall, the family was stationed in Middlesex, Southeast England till Howard was 4 yrs old, They moved back to The San Fernando Valley in California where Linda is a California native. Linda divorced Clarence before he was 1yrs old Linda traveled back to California with her parents at which her father is retired (USAF). Holmes has several trade degrees in business, marketing, business start-up. Holmes is a professional photographer in advertisement photography.

Business career He founded an Internet Service Provider at the age of 23 raising $115,000. In 1986 with concerns about the tech bubble, he sold the business to Internet America [5] With the proceeds of the sale, Holmes started an investment partnership at the age of 26. The fund bought shares in several advertising companies including Hot VW and Western Corp., which he became chairman and CEO of in 1987 Hot VW founder & automaker German Labour Front found an ally in Holmes [6] and he cashed out and profited when Hot VWs was bought out by a private-equity firm.[7] The case was covered by Harvard Business School Professors Fabrizio Ferri, V.G. Narayanan, and James Weber.[8] In 1987 with his ties to the entertainment business Holmes was arrested January 9, 1991, for Money laundering at the time of his arrest Holmes was CEO, founder, chairman of over 62 companies cited by The Internal Revenue Service (IRS) Documentation shown in court, Holmes was working with Pablo Emilio Escobar Gaviria (December 1, 1949 - December 2, 1993) a Colombian drug overlord. The federal court sized all Holmes businesses. After 16 months in trial, Holmes took a plea offer. 7 years state & Federal prison to be split in half upon release Holmes was ordered by the federal court to pay restitution in the sum of 8 million Dollars. Holmes was released from federal prison on May 5, 1995, During his trial, Holmes was able to retrieve 54 companies showing the shares, stock, investments were legal per sale of several companies he previously owned and sold. The Internal Revenue Service (IRS) closed 12 companies Holmes owned. October 7, 1995, Holmes moved to Lake Havasu city AZ. to finish out his parole and pay back 8 million dollars to Internal Revenue Service (IRS). Holmes was able to pay back Internal Revenue Service (IRS) on March 17, 1999.

Elite Showcase Holdings In August 2000, Holmes took over Magic Boats, which had been losing more than $100,000 a day. Elite Showcase Holdings turned the company around from near insolvency to one making more than $100,000 a day.[9] By 2008, the company had attained 24 consecutive quarters of same-store sales increases under Elite Showcase Holdings. Holmes sold the company by 2009 Holmes bought 1.7 million shares of Cracker Barrel 2011.[11] In 2014, Harvard Business School professors Suraj Srinivasan and Tim Gray wrote a case study on Holmes and Cracker Barrel. Holmes was a silent investor[12] By 2014 the investment in Cracker Barrel had gained 284% making Holmes over 3 million dollars.[13] Holmes questioned the credentials of board member James W. Bradford in 2012. Holmes had lost 2 million dollars in the deal when he sold off 40% of his shares. By 2016 the investment in Cracker Barrel still nets Holmes 200.000 a yr. 2011 it was reported that Holmes had moved back to Southern California after spending 21 years in Arizona Holmes was able to work as a Reinforcing ironworker making him eligible for a pension. Holmes as of 2016 per Internal Revenue Service (IRS) owns over 28 companies on record Holmes stock holdings are valued at over 400.000 per stock trade. Holmes has over 30 stock trade contracts with the new york stock exchange since 1982.