TransGlobal Assets, Inc., (Formerly TimeShare Holdings, Inc.) Recaps 2011 Annual Meeting
March 02 2011 - 2:05PM
Marketwired
TransGlobal Assets, Inc., (formerly TimeShare
Holdings, Inc.) (OTCQB: TMSH) (PINKSHEETS: TMSH) ('TMSH'; 'The
Company') is pleased to present a recap of the 2011 Annual
Shareholders Meeting held on February 28, 2011 in Portland, Oregon.
TransGlobal Assets is pleased to announce
that Kent Strickler, Doug Johnson and Paul Thompson were elected as
the Board of Directors for the year 2011 and will serve until the
2012 annual meeting. The proposed company name was ratified,
changing it from Timeshare Holdings, Inc. to TransGlobal Assets, Inc. And a PowerPoint presentation
was given on current company business, which will be available for
view by March 3 on the Investor's Page of the company's
transitional website at www.tmshglobal.com.
Of special note in the business update was that the 60MW PV
Solar Power Project in Bulgaria is under review for a possible
increase from its initial 60MW capacity to 75MW, increasing the
potential Annual Net Revenue from $19M US to $23M US. At 75MW, the
project would rank fourth largest in the world, according to
PVResources.com. Once the project parameters are finalized, the
company will realize an immediate cash flow of approximately $5M US
dollars.
"We are delighted that the 2011 Shareholders
Meeting was such a success and that we are officially underway with
a brand new name and a brand new company mission," says Paul
Thompson, Vice President, Investor Relations for TransGlobal
Assets. "We have been moving at warp speed for
several months to establish new operational components, to build
alliances with strategic partners, and to accelerate projects from
negotiations to contract. As usual, there are many announcements to
present in the coming weeks that will continue to validate the
magnitude of the Company's endeavors and we believe will reflect a
more accurate market value for the company's share price in the
near future."
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.
General Inquiries: Paul Thompson Vice President, Investor
Relations Timeshare Holdings, Inc. - USA
investorrelations@tmshglobal.com Visit us on the web at:
www.tmshglobal.com
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