Monster Arts, Inc. announced that Wayne Irving, II tendered his resignation as Chief Executive Officer and sole member of the Board of Directors, effective as of October 23, 2017. Mr. Irving's resignation was not a result of any disagreement with the company on any matter relating to its operations, policies or practices. Prior to his resignation, the company appointed Michael Gelmon as the company's sole member of its Board of Directors and Chief Executive Officer.

Prior to joining the company, Mr. Gelmon was the founder of Gelmon Brothers Real Estate Consultants and currently serves as its Partner.