SOURCE: TimeShare Holdings

February 24, 2011 13:10 ET

TimeShare Holdings Announces Alliance With WIEC Limited of Bulgaria

LAS VEGAS, NV--(Marketwire - February 24, 2011) - TimeShare Holdings, Inc., (OTCQB: TMSH) (PINKSHEETS: TMSH) ('TMSH'; 'The Company') is pleased to announce that it has entered into a formal alliance with Western International External Corporation, Ltd. ('WIEC'), a Bulgarian corporation with headquarters in Varna, Bulgaria.

WIEC's main activity is that of international real property management and land development. Its team assesses the feasibility and implementation of attractive investment projects for select foreign buyers and investors. Additionally, WIEC supports all phases of project management including site development, medium and long range planning, scheduling, accounting, auditing, logistics, budgeting and financial planning. 

WIEC itself is an alliance of reputable companies and consultants, each with its own specialty. These include, but are not limited to, the following companies:

Accounting:

  • Grant Thornton Ltd., Bulgaria; a member of Grant Thornton International Ltd., England

International/ Domestic Legal Counsel:

  • Grant Thornton Ltd., Bulgaria

Project Auditing:

  • DeLoitte Ltd., Cyprus; a member of DeLoitte Touche Tohumatsu Ltd., England

Renewable Energy Consultancies:

  • Finance Engineering Energy JSC; a subsidiary of Finance Engineering JSC, Sofia, Bulgaria
  • APPA Consult GmbH, Austria (technical consultants for design & engineering)
  • Popov Group (150 member team of architects, construction and electrical engineers, etc.)

"Our alliance with WIEC provides TMSH with a strategic trans-continental reach that puts us first in line to consider highly desirable projects and ensures that our projects are provided the support of top notch technical specialists and managers who can bring them to successful fruition," says Paul Thompson, Vice President of Investor Relations for TMSH. "We have worked with individual members of WIEC for years but now agree that a formal alliance will mutually benefit our two organizations and allow us to work together more closely and more frequently."

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.

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