TimeShare Holdings, Inc. Secures 250 Kilowatt Biomass Waste Pilot Project
January 18 2011 - 8:00AM
Marketwired
TimeShare Holdings, Inc. (OTCQB: TMSH) (PINKSHEETS: TMSH) (TMSH) is
pleased to inform its shareholders of the first of several
developments the company is announcing over the coming weeks and
months.
TimeShare Holdings, Inc. (TMSH) has acquired from Native America
Consulting, a wholly-owned subsidiary of TMSH, the Joint Venture
contract with Helios, Inc. of India to construct a pilot project
for the Romania municipality of Acatari to test the patented
manufacturing technology developed by Helios & Helios Assembly
of India (Helios, Inc.) called "MSW-TO-ENERGY SYSTEM." The
technology allows for an environmentally safe conversion of
Municipal Solid Waste (MSW) into earth-friendly energy. The pilot
will utilize a 250 kW portable unit, the smallest of the
series.
Upon completion of the successful pilot, it is anticipated that
other Romanian municipalities will purchase the larger portable
units in the series up to 5 MW. The pilot is expected to open the
door for sales to other European countries sourcing for
cost-effective green energy solutions and more responsible solid
waste management practices.
Estimated revenues from the pilot project are as follows:
- The JV agreement provides for TMSH to receive 50% of monthly
revenues for the duration of the pilot.
- Monthly revenues from the sale of power to the Romanian public
power company are expected to generate an estimated $11,250.00 USD
per month at EUR 0.45 per kW, $0.585 USD per kW. Green Certificates
are estimated to generate an additional $31,950.00 USD per month,
bringing the total monthly revenues to $43,200.00 USD, and annual
revenues approximately to $518,400.00 USD for one 250 kW
plant.
TMSH is filing a Form 8-K. Included within the filing are
documents verifying the JV partnership, Romanian government
purchase agreement, and an executive summary illustrating the
technology.
Safe Harbor Statement
This news release contains "forward-looking statements" as that
term is defined in Section 21E of the Securities Exchange Act of
1934. Statements in this press release which are not purely
historical are forward-looking statements and include any
statements regarding beliefs, plans, expectations or intentions
regarding the future. Forward-looking statements involve known and
unknown risks, uncertainties and other factors that may cause our
actual results, performance or achievements to differ materially
from the anticipated results, performance or achievements expressed
or implied by such forward-looking statements. Forward-looking
statements in this release include statements regarding the
Company's projections regarding Biogas, PV Solar Energy, Wind
Energy other alternative energy explorations in future periods.
Factors that could cause actual results to differ materially from
anticipated results include risks and uncertainties such as: risks
relating to PV Solar Energy, Wind Energy other alternative energy
development risks; the risk of commodity price fluctuations;
political and regulatory risks; risks of obtaining required
operating permits and other risks such as weather conditions
uncertainties. The Company disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
Technical Inquiries: Tejas Sonavane President Helios,
Inc. -- India heliostrading@rediffmail.com General
Inquiries: Paul Thompson Vice President, Investor Relations
Timeshare Holdings, Inc. -- USA pthompson@timeshareloans.com
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