SOURCE: TimeShare Holdings

January 10, 2011 08:30 ET

TimeShare Holdings, Inc. Updates Shareholders on Recent Filings and Other Subjects of Interest

LAS VEGAS, NV--(Marketwire - January 10, 2011) - TimeShare Holdings, Inc. (OTCQB: TMSH) (PINKSHEETS: TMSH) is pleased to update its shareholders with information relative to recent filings and other subjects of interest to TMSH investors. The Company will continue to operate with transparency and provide its shareholders with relevant updates as soon as events and details are solidified. In cases such as bid negotiations and contracts, the details of partners, project locations, terms, revenues and timelines will be publically announced upon removal of non-disclosure agreements, which is standard business practice.

CURRENT INFORMATION & FILINGS

The Company confirms the following including stated information in 8-K filings:

  • Global Renewable Energy Systems Inc. purchased 52,000,000 shares of TMSH stock on 12/2/2010. Some of the assets and projects of GRES will be acquired as wholly-owned subsidiaries of TMSH in the coming weeks and months. These material events will be confirmed for investors in 8-K filings with verified addendums.

  • Global Renewable Energy Systems Inc. will remain a privately held corporation.

  • TMSH has acquired the research and development arm from GRES and operates as a wholly-owned subsidiary.

  • TMSH has acquired Native American Consulting from GRES and operates as a wholly-owned subsidiary.

  • The TMSH Board of Directors approved the reduction of Authorized Shares from 300,000,000 to 175,000,000 effective 1/1/2011. This update was reflected in the State of Nevada filings website on 1/7/2011.

  • Dr. Prabhu Dayal does not hold a position on the Board of Directors of TMSH. Dr. Dayal was formerly a board member of Global Renewable Energy Systems Inc., a private corporation. GRES was previously engaged in a Joint Venture agreement with Dr. Dayal's privately held company, C-Trade. That JV agreement, however, expired in 2010.

  • TMSH does not currently have a website online. A web developer has been contracted and the projected completion information will released when it becomes available.

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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